I fund for April 08

[Braveheart]

I Fund gained 2 cents

 

[GuilRL]

You're asking questions that were sent in as comments to the proposed rule and were ignored or fobbed off. Ask also why Barclays is allowed to rebalance the 5 L funds daily, but we are not allowed to do the same. Why don't the limits apply to those funds?

I read the proposed rule, but only asked what the acronym means. Do you know? Does anyone know here?:notrust:

 

[Corvette]

EAFE final up +$0.01
plus FV for Wednesday (previous) of $0.00 =+$0.01
plus mystery money or rounding up of $0.01 = $0.02 :blink:

FV for Thursday (previous) = $0.00

 

[James48843]

If the I fund was Fair Valued today for 1 "mystery" cent- on a day when there was neither stock price justificaiton, nor dollar value justification- then....what?

And we see evidence of January='s FV missing the last day of the month. And then February's FV missing it's target on the last day of the month.

Could it be that Barclays just took 1 cent from each I fund shareholder out there?

I see no data that it could have been based on value of stocks, nor on value of the dollar. The only possible thing would be to cover the higher costs now that fewer shares are trading hands.

Speculation: Barclays goal must be to end each month with near zero "trading costs" on the books.

In february, they did it and came up with a 1.9 MILLION dollar profit from interfund trades. But the same data also showed a 211 basis point tracking error.

And the NPRM stated the whole purpose of restricting trades was to reduce costs AND tracking error?

Except when they did reduced trading in February (number of trades cut in half to under 133,000), costs were slightly postive, but tracking error JUMPED instead of being reduced.

OK folks- all those invested in "I" today, large enough to make a 1 cent "clip", on one BILLION outstanding "I" fund shares (give or take a few), means that Barclays just "erased" $10 MILLION dollars from I fund holders today. Or was it only 1 million? It IS somewhere around 23 BILLION held in "I" fund right now. And each share is , tonight, worth $23.79

Did I do that math right? Is it one million? or ten million?

And when the data shows up in two months in the monthly meeting minutes, what do you think it will show that this month, trading costs were tiny, but "tracking error" was large?





Anyone?


(ANd note to GuilRL- FV stands for "Fair Value", or "Fair Valuation". )

 

[luv2read]

good analysis, Bullishreturn. Time will tell. Squalebear is on top of it too. Maybe DOL will get more interested. Barclays is having liquidity problems....still. I don't believe this "pooled trust fund" is safely "locked away" any more than I believe any of the numbers being manipulated to keep the market from crashing.

 

[Braveheart]

Anyone notice how they now have all the L Funds outperforming the C Fund - S Fund - I Fund.

Today is the best example how is it with the C & S Down and the I only up 2 cents with the F Fund up 5 does all the L Funds down just 2 cents or 1 cent.

The TSP Goal is to promote the L Funds and it looks like they will do whatever it takes to do so.

I think the F Fund should have been $12.19 and it was $12.18 they can not account for that penny at the 3:00 PM close.

 

[Corvette]

G fund 12.42 push
F fund 12.18 up .05
C fund 15.73 down .06
S fund 18.86down .02
I fund 23.79 up .02 :blink:

FV for Thursday (previous) = +$0.00

 

[luv2read]

time for a new thread for May. And

Japanese markets will be closed on Monday and Tuesday for the Golden Week holiday.

 

[luv2read]

Anyone notice how they now have all the L Funds outperforming the C Fund - S Fund - I Fund.

Today is the best example how is it with the C & S Down and the I only up 2 cents with the F Fund up 5 does all the L Funds down just 2 cents or 1 cent.

The TSP Goal is to promote the L Funds and it looks like they will do whatever it takes to do so.

I think the F Fund should have been $12.19 and it was $12.18 they can not account for that penny at the 3:00 PM close.

That's the I fund "mystery money?":nuts: