Long time listener, first time caller.
Does anyone have experience with any of these funds that tend to take more concentrated, B&H positions in high ROIC companies with decent growth projections? I’m a big believer in ROIC being the primary quality metric and it doesn’t get a lot of attention for some reason.
They have higher expense ratios, up to 1.4% for Edgewood for example. But they appear to have superior downward capture ratios that more than make up for their higher costs over a longer investment horizon. OTOH, growth has also had a hell of a run over the past decade, so that could have influenced the risk metrics somewhat. Everything goes in cycles.
Seems like these would be on the opposite end of the spectrum from indexing and give you some good offense with some decent defense.
Thank you for your comments in advance