I have found myself with a little extra time on my hands and took on a rather large project in my latest article on Seeking Alpha.
This article begins with a comparison of Mutual Fund Observer Composite Ratings to Morningstar Overall Ratings for over 250 No Load, No Transaction Funds available at Fidelity. It provides at Return vs Maximum Drawdown comparison using MFO ratings. I update my own Rating System including MFO Composite Ratings to identify the best 12 of these funds available at Fidelity. Of course definitions of the "Best" funds will vary by investor, so I list five funds per investment bucket. MFO metrics are included for these funds.https://seekingalpha.com/article/4417912-best-no-load-mutual-funds-available-fidelity
Stay Safe and Be Well,
And I add these for and to you.
an exaggerated or hyperbolical expression of praise.
"they ran out of superlatives to describe him"
characterized by charm, good taste, generosity of spirit
Thanks for reading and commenting.
PRBLX seems like a fine fund but it tracks so closely to the S&P 500 Index, why not just invest in an S&P index fund?
PRSIX (a 30-50 allocation fund) was listed as one of the top 12 as FMSDX but when I compare the two, FMSDX appears to be the clear winner. PRSIX does have a longer track record but FMSDX has certainly outperformed PRSIX in the last 5 years. I guess PRSIX has a slightly lower ER, though.
PRGSX is a great fund and deserves to be included. It's outpacing my MGGPX this year and with a lower expense ratio. I had a difficult time deciding between the two. Perhaps I should revisit it.
EAPCX - "commodities broad basket" Interesting. I've never owned one of these funds.
Really appreciate reading the methodology that Charles shared and how his choices compare to Fidelity Picks and M*.
It’s just a little smoother ride, I believe. If you are only concerned with absolute return, then I would agree, just invest in FXAIX.
I'm a strong supporter of PRBLX/PRILX and hold the latter in large quantities at the moment.
Though Portfolio Visualizer hardly shows it giving index-like returns. It does much better!
----------3Yr ---5Yr --10Yr -15Yr
PRILX 21.17 17.47 14.66 11.98*
VFIAX 18.50 17.11 14.21 10.22
The seasoned management team executes a thoughtful, repeatable investment strategy.
What's not to like?
I worry about a 1970's style period of inflation. Home and stock prices are two examples of inflated prices. Food prices are rising. I bought relatively modest amount VCMDX at Vanguard and FSRRX at Fidelity. FSRRX is less volatile than EAPCX. If signs of inflation increase I will consider EAPCX.
CLMAX, NTBIX, CRAAX, TMSRX, FMSDX, CTFAX, ETIMX, GAVIX, MNBAX, RBBAX, VWIAX, VTINX
Thanks for the great discussions about inflation.
The article below shows the estimate for consumer inflation came in higher than expected at 2.6% YOY in part due to higher oil prices.
High debt levels and aging demographics are deflationary. I don't expect a 1970's style high inflation, but I do think that supply chain delays, high stimulus, and pent up demand will increase inflation in the short to intermediate term.
1 Week = -0.4%
1 Month = -1.2%
3 Months = 0.1%
YTD = 0.4%
Just an observation, but the fund will stay on my watch list in the hopes that its performance will eventually show some improvement.
For me, TMSRX fits in as a low risk fund that will not lose much and will make decent returns. It fits in between bonds and stocks. Below are the funds that I am researching now. During changes in market conditions they do better or worse. I look at mixing and matching to have a consistent performance over time.
CRAAX, TMSRX, FMSDX, CTFAX, ETIMX, GAVIX, MNBAX, RBBAX, VWIAX, VTINX
As a retired and somewhat conservative investor, I am also "mixing and matching to have a consistent performance over time" by using the following funds in my portfolio which M* classifies as "Low" or "Below Average" risk:
ARBIX, NVHAX, VWINX, JHQAX, RCTIX, and TSIIX
Just to spice things up a bit, I am also using FMSDX, a fund M* rates as "Above Average" risk.
I am in a capital preservation mode and looking for my portfolio to generate an annual total return of approx. 4-6%.
Thanks, again, for your research and analysis efforts in this area.
(I realize #4 is a contentious pick and have no desire to argue my case)
At the bottom of the heap were cash equivalent / short term bond funds like TRBUX and TSDLX. It’s hard to justify paying an ER for their minuscule return.
Sorry - Just remembered PRWCX isn’t available - period - unless you already own it.
RPGAX came in #6 on the list. I think over time it will outperform. But the internationals haven’t kept pace with domestic. I doubt the hedge fund exposure to date has added little more than an extra layer of fees. Things do and will change.