Wonder what others’ thoughts are on this fund which is classified by Lipper as Small-Cap Core and is a Great Owl over 3/5/10 years?
It has a five-year upside capture ratio of 112.86, downside capture ratio of 63.68, and max drawdown of 16.24%.
Max drawdown over its lifetime (since May 2002) is 35.75%.
The investor class NESGX is a bit pricey with an ER of 1.89 plus 12b-1 of .25 but its institutional class with ER of 1.22 is available at Schwab with a minimum of $2,500/$1,000 (IRA) and the usual TF.
M* has given it five stars. It has been a top quarterly performer in the WSJ at least on one occasion that I can remember (one was the April 5, 2020 edition, "Hanging In: Stock Funds’ No. 1 Manager Gained 12.8%." There may have been a couple of other occasions, but I can neither find nor remember.
If you don't have a small cap growth fund, this may be a good option as it has been a good performer for the last several years.
I owned MSSMX for part of its 2020/2021 heyday move. It started to crash in 1Q/2021 and I sold it well UP, and before too much damage was done, moving proceeds to ITOT. It continued to go DOWN and then sideways. I have recently re-opened a position in it but only 1/2 the value I previously held in it. VERY volatile fund but very rewarding LT. Expecting a BIG pop to the upside in the coming months.
NESGX is more expensive, less volatile and similar TRs over standard interim periods, and a very worthy candidate in this cat.
Though I like the strategy very much, its 44 stock portfolio is not without the occasional risk. Its 3.23% weighting in Telos Corp suffered yesterday as their shares lost 28%.
You are welcome to PM me a list of funds (or note them below) and I will check for you. Certain fund families like Fidelity, Vanguard, and Dodge & Cox have always had a $35 fee at TRP.