Summary: Last year, the fund lost 5% of its value, nearly double the multi-cap core fund peer group's average decline of 2.75%. But the three-year total return is excellent at an annualized return of 20.7%, versus its peer group's 16.4%.
"The fund has no sales load, and its net current expense ratio of 0.97% is notably below the peer average of 1.38%," writes Cathers. It's off to a blazing start, up 9.5% this year, putting in the top 1% of the funds in its category. A few of its top-rated stock holdings include:
(WFC - Get Report)
Company profile: Wells Fargo is one of the nation's largest banks, with $1.3 trillion in assets and 6,600 offices.
They view it as an efficient organization that has been able to boost profits by cross-selling to its existing customer base. It gets eight "buy" ratings and two "holds" from analysts. S&P has a $33 price target on its shares, about a 10% premium to the current price.
(QCOM - Get Report)
Qualcomm develops and licenses wireless technology and manufactures semiconductors for mobile phones. It owns many wireless communications industry patents that it licenses to most major handset makers. It has a market value of $97 billion.
It has a relatively impregnable niche in the wireless industry, and also has a big presence in the competitive semiconductor market, where the firm is a key supplier of chips to wireless handset makers. It also generates royalty revenue by licensing its intellectual property. S&P has a $73 price target on its shares, a 26% premium to the current price. It gets 22 "buy" ratings, 16 "buy/holds," eight "holds," and one "sell" from analysts.
(HPQ - Get Report)
Hewlett-Packard makes hardware and software, and offers services to businesses, governments, and individuals, worldwide. It has a market value of $56 billion.
It has a recent tumultuous past but is an industry leader with wherewithal to buy its way into new business opportunities. Analysts ratings are all over the place with 10 giving it a "buy" rating, three "buy/hold," 17 "hold," three "weak/hold," and two, "sell."
Cathers said that it gets an A-quality rating and an S&P Fair Value rating of 5, the firm's highest, and that its quantitative metric indicates that it's undervalued.