got a question

[Lisa Johnson]

Hello I am new to this forum. I own a fund called HFLIX and I would like to know if anyone has any information to share with me about this fund. I know the stock market has taken a beating lately. I'm worried about the exposure if any this fund has to the subprime woes affecting the financial sector. Thank You, any information would be greatly appreciated.

 

[cute fuzzy bunny]

In one word: Run.

In more than one word: I wouldnt touch this fund with a custom made 11 foot pole.

 

[bssc]

In one word: Run.

In more than one word: I wouldnt touch this fund with a custom made 11 foot pole.

Why, CFB. Expenses or management strategy?

 

[cute fuzzy bunny]

Primarily the investment focus on low quality junk bonds, which I think have another downleg or two, and...

"The Fund seeks to provide high level of current income. The Fund invests primarily in Senior Floating Rate loans, which are below-investment grade variable or floating rate loans commonly made by banks to corporations."

Pretty much a 1-2 punch in this market.

If that doesnt have your hair standing on end, go look at the top holdings and what they do for a living.

I guess the good question is "What was the reason for buying the fund". What investment component was the OP trying to fulfill?

 

[wildcat]

Sure is taking him a long time to respond -- slacker!

 

[cute fuzzy bunny]

I was *editing*...

And my 2.5 year old wanted a big fat hug cuz the barney song was on.

You're getting your moneys worth...