SEEDX I bought some SEEDX, so I guess I'm allowed to make a few observations.
Most large company funds don't outperform their index, so my main hope is gnerally that they will do better in a down market. If the managers have all their investable millions in the fund, capital preservation should be a major goal, so you might want to tag along. If you want to make your own millions, this might not be as aggressive (risky) as you want. They do have a 12b 1 fee, so they aren't above dinging you extra for the ride.
Since they can short stocks or indexes and aren't constrained to one market or company size, it could get interesting later, which was the main reason I gambled a few sheckels. OTOH, they are in Park City, aren't they? My gestalt is that that's not a place with a nose-to-the-grindstone ambiance.
Must admit, I haven't put in any more money after the initial entry.
And since I haven't sold ARIVX, most people here would tell you to ignore all of the above.
SEEDX SEEDX is classified as a large blend fund. Have you looked at all the large blend funds that have 30%+ gains in 2013??? Why would you want a laggard such as SEEDX? New funds tend to outperform their first year (the new fund effect) and the fact this hasn't should be ample warning to stay away. SEEDX has all the makings of a groupthink fund ala ARIVX, PRPFX (the ultimate groupthink fund) and AQRNX to name just a few.
SEEDX Reply to
@cman: Also amused.
It's misleading to claim
SEEDX is 6+% behind the S&P YTD as has been pointed out numerous times by numerous posters and the MFO profile. Ignoring the fund's first day when the index was up over 2.5% and
SEEDX's NAV didn't move because it wasn't invested, the fund is up ~ 21% and the index ~ 24%. At various times during the year it's been ahead of the index and has beaten the index in 4 of 8 three month rolling return periods. It's done this holding large amounts of cash in what has been seen as a fully valued bull market.
MFO profiles new funds it finds interesting. Often it does this by comparing a manager's history with the stated objectives of the new fund. With
SEEDX, Prof. Snowball noted the fund managers' previous value opportunism with their eye for safety. One year is far too short a time to judge any fund, but it seems like
SEEDX has behaved exactly as predicted given the current market environment. As you point out, it's entirely up to individual investors to then determine whether or not any fund profiled here fits their style, goals and asset allocation, which surely aren't the same as other's.
SEEDX Hi Swede,
The managers of this fund used to work for Oakmark and Columbia funds, which have well established fund infrastructures and developed research capabilities. Now the managers are on their own, and time will tell if SEEDX turns out to be a great fund. But so far, it has a short and unremarkable track record, and I would not be an early buyer. I have found that it is often wiser to ignore the hype about a new fund that you will find on forums including the beloved MFO, and instead, just place the fund on a watch list and avoid the temptation to buy.
Kevin
SEEDX After reading about SEEDX on this forum I am considering adding it in my IRA. Has anyone else purchased shares in this mutual fund? It does appear that the past performance of both managers is above average and they're eating their own cooking.
an Oakseed update SEEDX
Fidelity Retirement
Fund minimum: $1,000.00
Fidelity Brokerage
Fund minimum: $2,500.00
