Just a note to alert those concerned: PRIDX
Using (premium!) Portfolio Manager, Morningstar STILL, at this hour, shows a loss per share today, 19th January, of 3 cents. But look instead at the "snapshot" view of the fund, and you'll see that the actual daily performance was +1.75%.
(The lovely geniuses in charge stopped offering hard-currency amounts in that space, long ago. Percentage is offered, only.) .....MARKETWATCH shows the per share rise in actual dollars and cents to be +$1.61. And that info is available FOR FREE.
Comments
But at least the portfolio manager gives you a share price. Accuracy? Timeliness? Who needs them?
The current price and percent change values for VINIX have not been updated since 01-13-21.
These discrepencies (there have been other ones) erode my trust in M*.
Oh, joyous day!
You got THAT right!
https://etfdb.com/tool/mutual-fund-to-etf/
For example : use VDGIX
What the tool is supposed to try to do is find ETFs (and ETNs) tracking the same index as a fund's primary benchmark. If there are none, it broadens its search to ETFs in the same general category as that benchmark.
It reports the primary benchmark of PRIDX as S&P Global ex-US Small Cap Index. While that's the first of three indexes listed in the prospectus, the most appropriate of those in the prospectus IMHO is Lipper International Small/Mid-Cap Growth Funds Average. The others are blend indexes.
Here's where the tool gets weird. It says the S&P Global ex-US Small Cap Index is in the same category as Global Equities ETF. Then it goes completely off the rails by listing securities as diverse as CAPE (a US-only ETN) and some Israeli ETFs (EIS, ISRA) among others.
To get better results out of the site, one can pick the best matching category from ETFdb.com's category page. Closest category is "Foreign Small & Mid Cap Equities".
https://etfdb.com/etfdb-category/foreign-small-mid-cap-equities/
Better, but I don't see anything that looks like a growth-leaning ETF. Though I'm only guessing from their names.
An ETF I ran across that's somewhat similar to PRIDX is ERSX. It invests in the same mid-cap growth space as PRIDX. In fact, it's a bit growthier and a bit more volatile.
PortfolioVisualizer reports its R² with PRIDX is 96%. M*'s factor profile for the two are very similar, though ERSX is not surprisingly a bit more volatile. ERSX performs similarly but not as well as PRIDX, despite the fact that they have nearly no holdings in common.
Here's ETFdb's page on the ETF, which curiously it puts into the small cap blend category. (And people complain about M*'s problems.)
A write up on ETF Trends:
https://www.etftrends.com/entrepreneur-etf-channel/rising-star-international-small-cap-etfs/