The 25-largest fund by AUM as of 31 May 2019, shown below along with YTD performance. The top 3 spots are Vanguard, as are 10 of the 25. What were the top 20 in 1999? See post here on Twitter by Morningstar’s Ben Johnson.
As this decade comes to a close, legendary investor Bruce Berkowitz appears to be getting things right again. After making ill-timed bets on bank in 2011 and ill-advised bets on Edward Lambert and Sears in the years since, Fairholme is enjoying a resurgence. Much of the turnaround likely do to his speculation in Fannie and Freddie, which have tripled this year. (Story in WSJ today about regulators pressing to turn Fannie and Freddie private again.) Below are the YTD risk and performance numbers of his three funds: FAIRX, FOCIX, and FAAFX. Today’s AUM of $1.4B is perhaps 5% of its peak, when Mr. Berkowitz won Morningstar’s Fund Manager of the Decade in 2010.
All fund risk and return metrics, ratings, and analytics have been uploaded, reflecting performance through May 2019.
- all 11 sector ETFs retracted in May, most between 7 and 11%, but gains remain strong year-to-date … all positive, most between 7 and 16%
- 7 of 17 Timothy Plan funds on MFO’s Three Alarm list
- Dreyfus fund family rebranded to BNY Mellon
- added 4-year evaluation period to MultiSearch (thank you David)
- Lipper added several new fund categories, including Emerging Markets Mixed Asset, Frontier Markets, Global High Yield, Short High Yield, Absolute Return Bond, and Real Return … see Definitions/Categories
As always, if you see anything amiss or have suggestions for improvement, let us know and we will respond soonest.
Please enjoy the latest data.