Lots of “100 Club” Funds In March 2021 MFO Ratings Update

On Sunday, 4 April all fund risk and return metrics, ratings, and analytics were uploaded to MFO Premium, reflecting performance through March 2021.

 

David mentions numerous “100 Club” funds in his April commentary. He coined the term “100 Club” for funds doubling investor returns these past 12 months. Some funds even exceeded 200% return.

 

“These past 12 months” began April 2020, omitting last March’s sudden, if short-lived, CV-19 induced drawdowns. If you only look at risk and performance since April 2020 (please don’t), fund investing appears utterly safe (it’s not) and highly rewarding (it can be).

 

To see for yourself, MultiSearch now includes “100 Club” and “200 Club” options under Annualized Percent Return (APR) criteria in the Period Metrics group. Set Display Period to “1 Year,” and hit: Search. Then, for contrast and due diligence, evaluate a longer period.

 

Another new feature: Expanded Ferguson Metrics includes a “Life” period, or more specifically “relevant life,” which according to CFA Brad Ferguson is not younger than 3 years but not older than period beginning CY 2008, start of the Great Financial Crisis. The “Life” addition helps ensure nothing falls through the cracks between the 3, 5, and 10 year metrics.

 

Finally, next Thursday, 15 April, we will host our next webinar, which will review the site’s latest features. If you can join us, please register here.

 

As always, if you see anything amiss or have suggestions for improvement, let us know and we will respond soonest.

 

Redesigned MultiSearch User Interface

On Sunday, 7 March all fund risk and return metrics, ratings, and analytics were uploaded to MFO Premium, reflecting performance through February 2021.

 

On Wednesday, 17 March MultiSearch received three new enhancements …

 

  • Exclude Categories. Users can now select, for example, US Equity Funds subtype, while excluding funds in the Specialized Diversity Equity, S&P 500 Index, and S&P Midcap 400 Index categories.
  • Socially Conscious “Plus.” Last month, we introduced the “Plus” option for fundname, manager, and adviser criteria, which enables searches of all funds meeting these criteria in addition to funds meeting a combination of other criteria. This option is now also available with the Socially Conscious metric.
  • Long Life Rolling Averages. 30, 40, and 50-year rolling periods were added to the Analyze tool, which is particularly interesting when analyzing long life funds, like DODBX, as well is the Allocation Indices in Pre-Set Screens. SP500 and LGovBnd date back to 1926!

 

Today, Friday 26 March, a redesigned MultiSearch user interface was introduced, with the hope of making it easier for users to explore and select from the nearly 200 criteria available to customize searches.

 

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“Dashboard of Launch Alerts” Among Several New Features In Latest Update

On Sunday, 7 February, all fund risk and return metrics, ratings, and analytics were uploaded to MFO Premium, reflecting performance through January 2021.

The release includes a MultiSearch upgrade enabling users to store search criteria, like Watchlists and Portfolios, as described in this month’s MFO commentary. The new feature is particularly helpful when employing various screens with numerous criteria. Now just click “Run” next to your saved search.

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MFO Premium Webinar: Guest Lynn Bolin and Back To Basics

Thank you all for participating in our latest webinar. Special thanks to Lynn Bolin! It was our best attended webinar yet.

 

Here is link to chart deck of morning session with Lynn. It includes his charts.

 

And here’s link to video recording of the session.

 

The afternoon session was more of an overview given the number of new users to site.

 

Here is link to chart deck of afternoon “back-to-basics” session.

 

And here’s link to video recording of the afternoon session.

 

Enjoy!

 

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MFO Ratings Updated Through November … Another Big Month

Yesterday, Sunday 6 December, all fund risk and return metrics, ratings, and analytics were uploaded to MFO Premium, reflecting performance through November 2020.

 

November marked the second time this year that the S&P 500 posted a greater than 10% return. The other month was April, the beginning of the current bull market … 8 months ago … or was that 80 years ago?

 

Ever since, equity performance has been remarkable: NASDAQ up 58.4%. Russell 3000 up 46.3%. Emerging markets up 44.6%. S&P 500 up 41.8%.

 

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October Update Marks MFO Premium’s 5th Year Anniversary

On Sunday 8 November, all fund risk and return metrics, ratings, and analytics were uploaded to MFO Premium, reflecting performance through October 2020.

 

MFO Premium launched five years ago this month. In David’s “Invitation To Join” letter of 19 November 2015, he highlighted three special characteristics the new site offered subscribers:

 

  1. It’s interesting: so far as we can tell, most of this content is not available in the tools available to “normal” folks and it’s stuff we’ve found useful.
  2. It’s evolving: our current suite of tools is slated to expand as we add more functions that we, personally, have needed or wanted.
  3. It’s responsive: we’re trying to make our tools as useful as possible. If you can show us something that would make the site better and if it’s within our capabilities, we’ll likely do it.

 

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Capital Migrates To Best Fund Families In September 2020 MFO Ratings Update

All fund risk and return metrics, ratings, and analytics were uploaded to MFO Premium on this past Sunday, 4 October, reflecting performance through September 2020 or 3rd Quarter.

 

The MFO Fund Family Scorecard reveals 31 families (like Winning Points, Huber, Saratoga) where every fund has underperformed since launch by an average of -3.2% per year. Combined they represent $15B in assets under management (AUM), carrying an annual expense of $173M per year nominally for the privilege of owning them. Can you believe that?

 

Fortunately, most assets gravitate to best performing families. Let’s break the families down by AUM: first, the largest families with greater than $1T; second, next tier with AUM greater than $500B, and finally those greater than $100B.

 

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An Overkill of Funds in August MFO Ratings Update

On Monday 7 September, Labor Day, all fund risk and return metrics, ratings, and analytics were uploaded to MFO Premium, reflecting performance through August 2020.

 

There are now more than 10,000 US funds (OEFs, ETFs, CEFs). 10,007 to be precise. That excludes Insurance Funds, which number 2,107. Add in all share classes and the number explodes to 32,094.

 

Here’s latest breakout found in our Lipper (Refinitiv) Global Data Feed, oldest share class only, plus averages and indices:

 

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