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Bot this years & years ago & am currently reviewing portfolio (non-tax sheltered). This fund does not seem to receive much (any?) notice around here. (As background -- about 5% of portfolio, am 77 & so far living fine without withdraws (other than RMDs) so this is pretty much nest-egg category.) Comments any one?
Very concentrated portfolio of only about 30-35 stocks, pretty low turnover. What's hurt TORYX has been the downside numbers. The fund prided itself on relatively low downside risk for years, but it got hammered in 2008. Traditionally owns a heavy amount of financials, so that explains a lot. I personally look at it as a large cap value fund. But even that change does not help its comparison numbers. We used this fund at one time, but sold out a few years ago because it continued to lag, and because there were (and are) better options. I don't think the fund has changed its tactics over the years, but it strategies have been hammered by the wacky markets for sure.
@ Ted & Bob C: Thanks for your comments, much appreciated. My resolutions for this year include streamline portfolio, gym 3X wk, and have fun. #1 is most important -- well, maybe #3, but #1 is an underlying factor.. Will report in 12 mos ;-). Actually this one has been on my kick-it? list for a while, looks like decision time. Thanks again.
Reply to @BobC: Did you jettison CFIMX-Clipper as well? I really want to appreciate Clipper again because it appears the new leadership since 2006 has learned some valuable (and expensive) lessons by recently repositioning with a new portfolio. OR, have the glory days for Clipper sadly passed never to return? Rick
Comments
Regards,
Ted
Lipper Snapshot: http://www.marketwatch.com/investing/fund/toryx