Re-balance Cycle Reminder All MyPlanIQ’s newsletters are archived here.

For regular SAA and TAA portfolios, the next re-balance will be on Monday, February 26, 2017. You can also find the re-balance calendar for 2017 on ‘Dashboard‘ page once you log in.

As a reminder to expert users: advanced portfolios are still re-balanced based on their original re-balance schedules and they are not the same as those used in Strategic and Tactical Asset Allocation (SAA and TAA) portfolios of a plan.

Please note that we now list the next re-balance date on every portfolio page.

PIMCO’s Recent Fund Class Conversion

PIMCO recently announced that they will start to convert many of their class D share funds to class A. Class A funds are usually those that charge some percentage fees when one buys them – so called front load funds. Class D funds, on the other hand, do not charge anything extra for buying and selling — i.e. they are no load funds. PIMCO promises that the funds’ regular expenses will be the same. Furthermore, if investors already own a class D fund, after its conversion to class A fund, investors can purchase more without front load fee. For more information, see this link. There are also discussions in a Morningstar forum.

Some of popular PIMCO funds used in MyPlanIQ portfolios include PONDX (PIMCO Income D), PTTDX (PIMCO Total Return Bond D) and PSPDX (PIMCO StockPlus D).

The question now is that whether major brokerages like Fidelity, Schwab and Etrade can negotiate with PIMCO to allow their clients to purchase these A share funds without the front load fee (as funds’ new investors). Many times, brokerages negotiate with a fund company to carry so called load waived funds – i.e. even a fund is classified as class A share, it’s load will be waived. We are monitoring this situation as time goes.

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