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I am a firm believer that fund expenses matter and are known, whereas future returns are unknown. So I try my best to keep fund expenses as low as possible, and I am partial to low-cost standard and enhanced index funds. Right now my dedicated domestic LC exposure comes from SFLNX, but I have used PXTIX in the past when I was confident that the PIMCO bond kicker was enhancing returns. As for SMVLX, it is a solid fund but the expense ratio is too high for me considering less costly alternatives which I can use to cover the LC space.
Kevin, In selecting SFLNX did you also consider FNDX from Schwab? It is a Large Cap fundamental Index ETF which might work out better in a taxable account. It has a slightly lower ER, .32 vs .35. I don't know whether selection criteria is any better than SFLNX.
Comments
Regards,
Ted
http://www.forbes.com/sites/abrambrown/2013/11/13/want-to-buy-big-companies-cheaply-look-for-a-stock-like-meryl-streep/print/
MFO Slant:
http://www.mutualfundobserver.com/2013/06/smead-value-fund-smvlx-july-2013/
Lipper Snapshot Of SMVLX: http://www.marketwatch.com/investing/fund/smvlx
M* Snapshot Of SMVLX: http://quotes.morningstar.com/fund/smvlx/f?t=smvlx
nath
Here is an excellent article by the folks at Smead which presents a balanced comparison of active vs. passive management:
http://seekingalpha.com/article/1764442-the-underperformance-culprit-active-management-or-active-managers
I am a firm believer that fund expenses matter and are known, whereas future returns are unknown. So I try my best to keep fund expenses as low as possible, and I am partial to low-cost standard and enhanced index funds. Right now my dedicated domestic LC exposure comes from SFLNX, but I have used PXTIX in the past when I was confident that the PIMCO bond kicker was enhancing returns. As for SMVLX, it is a solid fund but the expense ratio is too high for me considering less costly alternatives which I can use to cover the LC space.
Kevin