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@Baseball_Fan In response to your July 21 question about VELIX being a 130/30, the co-manager, Lisa Wesolek, with whom I have been pretty tight since my profile ran, writes as follows. "Yes, we did initially intend it to be a 130/30. We knew they ha…
VELIX Portfolio Parameters: Benchmark Russell 100; Typical Number of Positions Long: 40-60, Short 20-30; Typical Net Exposure 100%; Typical Total Long Exposure 80-100% of net assets; Total Short Exposure 0-30% of net assets; Maximum Industry Exposur…
Yes, as a Long/Short Equity Product, VELIX is worth considering. It's a 3.8 year-old fund with only $67M in AUM. Its LT APR is 15.6%. It does well on the downside (202201-202209) beating the SP 500 by 10.4%; however, Immediately afterward (202210-20…
@Baseball Fan The PM writes, "Some of our stocks are pretty highly valued, but not high enough for us to sell or pare back. Some are relatively inexpensive but not cheap enough to buy more. So there’s an array but little movement. I would say that i…
@BaluBalu Around July 15th is when MRFOX updates the website with new info. Updating after quarter-end is the most efficient for them. The PM also writes, "However, I'll kick this to our marketing and ops folks to see if they have thoughts. And then…
@BaluBalu The only thing I can add is that she isn't sure about when to close the fund, specifically would it be unannounced or be announced later. She said, "I don’t know but we don't particularly want to accelerate the pace…."
@finder Here's what I know about closure. Since I profiled the fund in February 2019, the assets in MRFOX have increased about 82%. But Elise Hoffman writes today, "We seem to have room to grow still, based on how the market has grown and the fact t…
@WABAC MRFOX has limited brokerage availability in order to control inflows. When it only existed as a separate account, $$$ flowed in heavily when the market turned down.
@Baseball_Fan @JD_co Inimitable fund. Profiled it here in Feb. 2019. Have a personal friendship with Ms. Hoffman and communicate with her often (latest yesterday.) Here's her Letter to Clients December 2013 https://www.marshfieldinc.com/wp-content/u…
MRFOX, which I profiled in Feb. 2019 I believe. +3% LT vs. SP500, 3.3% 5yr; .9% 3yr; 4.0% 1yr. No down years in its 7.5 year history. YTD +9.20%. Mid-cap growth.
It's the 485A filing that they just did for their annual update to their funds. This might have gotten picked up because they incorporated Income Opps into the trust's prospectus and SAI. Before, Income Opps was on its own.
FWIW Have been investing with VG for 37 years and only have had a few minor issues/misunderstandings about what I needed. In fact, a few months ago they listed a fund family I argued for, and I have now owned one of their products, which I'll profil…
PGAEX has a 5.5% load. But PGAGX, the Z class is NL with an ER of 1.15%. MFOP shows it to have a negative correlation with the SP 500. Available at VG w/a TF. $500 General and IRA. Yes, interesting. It has a low R (36%) with my VELIX, a large cap Lo…
@TheShadow
The fund is available on the following platforms: Schwab, TD Ameritrade, Pershing and Interactive Broker for 5K.
So says a spokesperson from the firm in his email to me.
ET91 FWIW you may wish to look at POIVX. https://imgpfunds.com/funds/oldfield-international-value-fund/
M* https://www.morningstar.com/funds/xnas/poivx/quote
Perhaps others can suggest appropriate passive international value choices.
Dennis,
Thanks for the heads up. I will look into what may be happening with the daily updating. $10.3M is accurate.
Best,
Eric
Eric Huefner
President & COO
Grandeur Peak Global Advisors, LLC
136 S. Main Street, Suite 720, Salt Lake City, …
Very sad and disappointing news for sure – and deep condolences to his family.
https://www.wsj.com/articles/michael-f-price-a-pugnacious-value-investor-has-died-at-age-70-11647621811
I first learned about the Price funds in the mid-80’s, started …
Davep:BIVIX Risk varies between 4 and 5 at MFOP. Max DD -14.1% 202003, Recovery months +3. MFO Great Owl (GO). Capture Ratio Overall vs. S&P is Up 72%, Down 4% = Overall U/D of 17.7% 500. Beaten S&P 500 in all periods since inception in all …
Spoke with Ali Motamed, one of the two PMs on the fund. Their strategy has three different products, and as an all-cap fund, it will hard close at 1.3-1.5 AUM, allowing it to invest in smaller companies when they see opportunities there. This was al…