I'm looking for a tool that will allow me to more methodically search for
mutual funds that meet my needs. For example; best 5 year returns for a
small-cap domestic fund with a management team thats been in place for at
least 5 years. Any ideas?
There is evidence that chasing returns does not pay. Have you considered
simply a low cost, small cap domestic index fund? Vanguard has a few.
"David Glass" <> wrote
> I'm looking for a tool that will allow me to more methodically search for
> mutual funds that meet my needs. For example; best 5 year returns for a
> small-cap domestic fund with a management team thats been in place for at
> least 5 years. Any ideas?
Post removed (X-No-Archive: yes)
"PeterL" <> wrote in message
news:
> x-no-archive: yes
>
> Elle wrote:
> > There is evidence that chasing returns does not pay. Have you considered
> > simply a low cost, small cap domestic index fund? Vanguard has a few.
> >
>
> If he is looking at 5 year returns I would not call it "chasing
> returns". If a fund loses money for five straight year I would run,
> like the wind, away from that.
As would I. There is evidence that underperforming funds continue to
underperform. Unfortunately, the opposite is not supported by the evidence.
A good 5 year return says little about the fund's performance going forward.
-herb
"Elle" <> wrote in message
news:xU3Re.5228$
> There is evidence that chasing returns does not pay. Have you considered
> simply a low cost, small cap domestic index fund? Vanguard has a few.
>
Answer his question with a statement, not another question!
> "David Glass" <> wrote
>> Any ideas?
> "David Glass" <> wrote
>> I'm looking for a tool that will allow me to more methodically search for
>> mutual funds that meet my needs. For example; best 5 year returns for a
>> small-cap domestic fund with a management team thats been in place for at
>> least 5 years. Any ideas?
>
>
"Herb" <> wrote in message
news:T%4Re.3027$
>
> "PeterL" <> wrote in message
> news:
> > x-no-archive: yes
> >
> > Elle wrote:
> > > There is evidence that chasing returns does not pay. Have you
considered
> > > simply a low cost, small cap domestic index fund? Vanguard has a few.
> > >
> >
> > If he is looking at 5 year returns I would not call it "chasing
> > returns". If a fund loses money for five straight year I would run,
> > like the wind, away from that.
>
> As would I. There is evidence that underperforming funds continue to
> underperform. Unfortunately, the opposite is not supported by the
evidence.
> A good 5 year return says little about the fund's performance going
forward.
I'm too lazy to check at the moment, but might this then rule out the
various (and relatively popular, ISTM) S&P 500 index funds, such as VFINX?
In article <df8Re.3117$>,
Gary C <> wrote:
>
>"Elle" <> wrote in message
>news:xU3Re.5228$
>> There is evidence that chasing returns does not pay. Have you considered
>> simply a low cost, small cap domestic index fund? Vanguard has a few.
>>
>
>Answer his question with a statement, not another question!
Fidelity's screener, for one, will do a good job on David's sample query
(though its response will be limited to the 4500 or so funds that Fidelity
Brokerage sells).
For the first selection criterion (investment category), check off domestic
small value, blend, and growth boxes. In the middle, at "Total Returns",
set the 5 year requirement as high as it will go (>=20%). Under "Manager
Tenure", select >=5 years.
This returns 13 funds; by clicking on the heading "5 year", one sorts by 5
year performance. (If one wants more funds, one can set the "Total Returns"
at >= 15%, to see the top 75 funds; sort again by 5 year performance.)
Most of the top funds are closed. The ones that are open, in descending
order of 5 year performance are:
Bridgeway Ultra-Small Co Market (BRSIX) - blend
Berwyn Fund (BERWX) - value
Stratton Small Cap High Yield (STSCX) - blend
Perritt Micro Cap Opportunities (PRCGX) - blend
FBR Small Cap A (FBRVX) - growth
Texas Capital Value & Growth (TCVGX) - blend
Heartland Value (HRTVX) - value
Wilshire Target Small Co Value Inst (WSMVX) - value
James Adv Small Cap A (JASCX) - value
Wilshire Target Small Co Value Inv (DTSVX) - value
(the 8th and 10th are just two share classes of the same fund)
These are sorted in load-adjusted return order. If one wants raw returns,
there is a non-load-adjusted returns view that you can sort as well (here,
the load funds will move up a bit, since they are no longer being penalized
for their loads).
>
>> "David Glass" <> wrote
>>> Any ideas?
>
>
>
>
>> "David Glass" <> wrote
>>> I'm looking for a tool that will allow me to more methodically search for
>>> mutual funds that meet my needs. For example; best 5 year returns for a
>>> small-cap domestic fund with a management team thats been in place for at
>>> least 5 years. Any ideas?
>>
>>
>
>
"Elle" <> wrote in message
news:Y49Re.3730$
>
> "Herb" <> wrote in message
> news:T%4Re.3027$
> >
> > "PeterL" <> wrote in message
> > news:
> > > x-no-archive: yes
> > >
> > > Elle wrote:
> > > > There is evidence that chasing returns does not pay. Have you
> considered
> > > > simply a low cost, small cap domestic index fund? Vanguard has a
few.
> > > >
> > >
> > > If he is looking at 5 year returns I would not call it "chasing
> > > returns". If a fund loses money for five straight year I would run,
> > > like the wind, away from that.
> >
> > As would I. There is evidence that underperforming funds continue to
> > underperform. Unfortunately, the opposite is not supported by the
> evidence.
> > A good 5 year return says little about the fund's performance going
> forward.
>
> I'm too lazy to check at the moment, but might this then rule out the
> various (and relatively popular, ISTM) S&P 500 index funds, such as VFINX?
No. I'm talking about the performance of fund managers. The OP wanted to
know about funds with good 5 year performance and the same manager still
there.
I will agree, though, that the last 5 years' performance of the S&P tells us
very little about the next 5 years.
-herb
>
>
David Glass wrote:
> I'm looking for a tool that will allow me to more methodically search for
> mutual funds that meet my needs. For example; best 5 year returns for a
> small-cap domestic fund with a management team thats been in place for at
> least 5 years. Any ideas?
If you have a search tool that can find the best fund for the next 5
years, why do you need the other information?