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FYI: (Click On Article Title At Top Of Google Searcg) The nearly 19-year-old Defined Risk Strategy, based on the Standard & Poor’s 500 index, has returned an average of 8.5% a year since its inception through the end of March, versus 6.6% for the S&P itself—and with considerably less volatility. Regards, Ted https://www.google.com/#q=a+Fund+For+All+Seasons+Barron's
I have learned that it's best to take these writeups about non-indexed funds with a large grain of salt. Even with its Institutional class (SDRIX), the costs are just too high. And nobody has repealed the law of reversion to the mean.
"The nearly 19-year-old Defined Risk Strategy" - not fund, i.e. private money
Also from the article: "The $1.5 billion Swan Defined Risk mutual fund (ticker: SDRAX), launched in 2012, hasn’t performed as well, which is largely a function of time and the market cycle. It’s up an average of 4% a year over the past three years, versus 12.9% for the S&P 500. "
Makes one wonder what is "All Seasons" about this fund.
Comments
Something is off here; the M* graphs show no such thing, quite the opposite, and no 19y history either. Hmm.
Also from the article:
"The $1.5 billion Swan Defined Risk mutual fund (ticker: SDRAX), launched in 2012, hasn’t performed as well, which is largely a function of time and the market cycle. It’s up an average of 4% a year over the past three years, versus 12.9% for the S&P 500. "
Makes one wonder what is "All Seasons" about this fund.
What more could you ask for? Good performance? Two out of three ain't bad