2017 Performance of Largest Funds by AUM

A bit old news, but here are 2017 risk/return metrics for the top 10 US funds by assets under management (AUM), sorted by AUM. Eight index funds. Two ETFs SPY and IVV. Six Vanguard funds. The two actively managed funds, both American Funds, generate the about same fee annually $2.5B as the six Vanguard funds combined (click on image to enlarge).

Continue reading “2017 Performance of Largest Funds by AUM”

Number of US Funds

Half of today’s nearly 10,000 US mutual funds & ETFs did not exist 10 years ago. Half of those did not exist 20 years ago. Making for a sort of net effective half-life (or doubling-time) of 10 years. Only 10% existed 30 years ago or say a about generation ago. Only 66 date back to January 1960.


Continue reading “Number of US Funds”

Webinar – Premium Site Update – Thursday, 4 January 2018

We’ve enjoyed a wonderfully nice response to David’s year-end contribution challenge and held another webinar highlighting recent updates to Premium site.

Here is link to discussion charts: Webinar Charts

Here is link to video: Webinar Recording

Thank you!

Terrific Twos: The Top-Performing Two-Year-Old Funds

We thought we’d start continue up with the 130 U.S. equity funds which have passed their second anniversary but have not yet reached their third, which is when conventional trackers such as Morningstar and Lipper pick them up. As Charles has repeatedly demonstrated, the screener at MFO Premium allows you to answer odd and interesting questions. When markets are rising, everybody’s question is the same: who’s making the most?

Continue reading “Terrific Twos: The Top-Performing Two-Year-Old Funds”

Best Launches This Year

There have been 555 US mutual fund and ETF launches this year.

Of the 94 global & international equity funds, here are the top performers in each: AlphaCentric Global Innovations I (GNXIX), Artisan Thematic (ARTTX), Davis Select Worldwide (DWLD), PNC EMs (PIEFX), Alpha Architect Value Momentum (VMOT), TOBAM EMs I (TBMIX) …

Continue reading “Best Launches This Year”

Terrible Twos? The two-year-old funds which are most out-of-step with their peers …

We thought we’d start catching up with the 130 U.S. equity funds which have passed their second anniversary but have not yet reached their third, which is when conventional trackers such as Morningstar and Lipper pick them up. As Charles has repeatedly demonstrated, the screener at MFO Premium allows you to answer odd and interesting questions. I’ll try to look at several questions over the next week, starting with “which of these new funds might be badly miscategorized?”

Continue reading “Terrible Twos? The two-year-old funds which are most out-of-step with their peers …”

10 Perfect Funds and Other Observations Through October

TFS Funds is off to the dust bin … had been one of better performing families.

ArrowPoint is now ArrowMark (I believe over trademark infringement) and has always been Meridian Funds. The MFO Scorecard has been updated accordingly.

Continue reading “10 Perfect Funds and Other Observations Through October”

No Losses Across 3-Year Rolling Periods

There are now nine equity funds at least 10 years old through September that have never incurred a negative return over any 3-year rolling period. There were only five last month. The four new funds just turned 10!

Continue reading “No Losses Across 3-Year Rolling Periods”

MFO Premium Search Tools Webinars Recordings & Intro Charts

We’ve conducted our first-ever Zoom Webinars … three this month … all sessions generated positive feedback and follow-up … several questions in first session especially. As touted by chip, thought the process was easy, which bodes well for future sessions.

Continue reading “MFO Premium Search Tools Webinars Recordings & Intro Charts”

Rondure and Grandeur Peak

I just finished the GP Annual Report and June quarterly letter.

Three highlights:

  • All of their strategies, except EM Opportunities (GPEOX/GPEIX), are substantially outperforming their benchmarks, YTD (through 6/30/17). In general, the lead is between 400 – 500 bps. The EM lag reflects the fund’s small cap orientation (it trails the EM Small benchmark by much less than the EM All benchmark, reflecting the generally softer performance of small caps), valuation concerns that led to an outsized cash position early in the year, and a few individual-issue problems. It remains a five star fund and a Great Owl.

Continue reading “Rondure and Grandeur Peak”