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Finance & Stock Groups Forum Index » Mutual Funds » Where to Find Infomation -- RMH
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Message |
| steve |
 Posted: Sat Jul 07, 2007 8:24 pm |
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Guest
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Last October I began investing in Regions Morgan Keegan High Income
Fund (RMH) a closed end fund not to be confused with a "no load" fund
closed to new investors.
It was selling at a thirty someting percent premium and yielding over
10% (market basis).
It was rated 4 star by Morningstar.
Begining in November, the price began falling like a bowling ball in
the sea.
In January, Morningstar upgraded it from 4 star to 5 star. With the
now deflated price, I increased my holdings.
After the 1Q ended, it remained 5 star.
When I checked at the end of the 2Q I found the price is now 25% of
what I paid in Oct. 2006
and Morningstar has it at 3 stars.
I can't find any news items or announcements to explain either the
downgrading my Morningstar or dramatic price declines. Where does one
find information of that kind?
Help!!!!!!!!!!!! |
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| FrediFizzx |
| Posted: Sun Jul 08, 2007 1:07 am |
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Guest
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Did it get "hit" by the sub-prime mess? Probably why it got downgraded
and price is lower.
Fred
"steve" <stevkaprel@yahoo.com> wrote in message
news:1183825440.251747.68060@n60g2000hse.googlegroups.com...
Quote: Last October I began investing in Regions Morgan Keegan High Income
Fund (RMH) a closed end fund not to be confused with a "no load" fund
closed to new investors.
It was selling at a thirty someting percent premium and yielding over
10% (market basis).
It was rated 4 star by Morningstar.
Begining in November, the price began falling like a bowling ball in
the sea.
In January, Morningstar upgraded it from 4 star to 5 star. With the
now deflated price, I increased my holdings.
After the 1Q ended, it remained 5 star.
When I checked at the end of the 2Q I found the price is now 25% of
what I paid in Oct. 2006
and Morningstar has it at 3 stars.
I can't find any news items or announcements to explain either the
downgrading my Morningstar or dramatic price declines. Where does one
find information of that kind?
Help!!!!!!!!!!!!
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| Flasherly |
| Posted: Sun Jul 08, 2007 2:54 am |
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Guest
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On Jul 7, 12:24 pm, steve <stevkap...@yahoo.com> wrote:
Quote: Last October I began investing in Regions Morgan Keegan High Income
Fund (RMH) a closed end fund not to be confused with a "no load" fund
closed to new investors.
It was selling at a thirty someting percent premium and yielding over
10% (market basis).
It was rated 4 star by Morningstar.
Begining in November, the price began falling like a bowling ball in
the sea.
In January, Morningstar upgraded it from 4 star to 5 star. With the
now deflated price, I increased my holdings.
After the 1Q ended, it remained 5 star.
When I checked at the end of the 2Q I found the price is now 25% of
what I paid in Oct. 2006
and Morningstar has it at 3 stars.
I can't find any news items or announcements to explain either the
downgrading my Morningstar or dramatic price declines. Where does one
find information of that kind?
Help!!!!!!!!!!!!
http://finance.yahoo.com/q/bc?t=1y&s=RMH&l=on&z=m&q=l&c=srs
RMH primarily invests in the investment grade and noninvestment grade
asset backed securities, corporate bonds, mortgage-backed securities,
government agency securities, municipal securities, and common stocks.
The fund's investment portfolio includes investments in certificate-
backed obligations, commercial loans, equipment leases, franchise
loans, home equity loans, manufactured housing loans, small business
loans, auto loans, certificate-backed obligations, collateralized debt
obligation, recreational equipment, business services, construction,
electronics, energy, finance, health care, manufacturing, printing,
retail, tobacco, transportation, travel, and collateralized mortgage
obligation sectors. Morgan Asset Management, Inc. serves as the
investment advisor of the fund. RMK High Income Fund was founded in
2003 and is based in Memphis, Tennessee.
"Long distance operator more than this I cannot add
Only that I miss her and all the fun we had
Marie is only six years old so information please
Try to get me through to her in Memphis Tennessee" -MT |
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