MFO’s Fund Family Scorecard measures how well funds run by the same management company have performed against their peers since inception.
We first published the card in June 2014 commentary with How Good Is Your Fund Family?, followed by updates in May 2015 and May 2016. Beginning in June 2016, our premium site updates the card monthly and provides fund family metrics.
Scorecard ranking is based on absolute total return, reflecting reinvested dividends and expenses, but excluding any load, since first full month of fund inception (or back to Jan 1960, which starts our Lipper database).
A “fund family” comprises at least 3 funds, excluding money market, age 3 months or more, oldest share class only. The methodology is strictly quantitative, based on past performance of existing funds. It does not account for survivorship bias, category drift, management or strategy changes.
OK, with that out of way, this month seven new fund families entered the scorecard. They are: Alambic, Amplify, Leader, MML, Polen, Vest and W E Donoghue.
Alambic and Polen both entered the scorecard with a “Top Fund Family” rating. All of their funds have beaten their peers since inception:
Alambic Investment Management LP was founded in 2013 and is based in San Francisco, CA.
Polen Capital Management LLC was founded in 1989 and is based in Boca Raton, FL.