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David Trainer, Founder & CEO

David Trainer, Founder & CEO

David Trainer, Found & CEO of New Constructs

July 19, 20130Comments

Best & Worst ETFs and Mutual Funds: Mid Cap Blend Style

The Mid Cap Blend style ranks seventh out of the twelve fund styles as detailed in my Style Rankings for ETFs and Mutual Funds report. It gets my Dangerous rating, which is based on aggregation of ratings of 16 ETFs and 321 mutual funds in the Mid Cap Blend style as of July 18, 2013.
by David Trainer, Founder & CEO
July 18, 20130Comments

Best & Worst ETFs and Mutual Funds: All Cap Value Style

he All Cap Value style ranks sixth out of the twelve fund styles as detailed in my Style Rankings for ETFs and Mutual Funds report. It gets my Neutral rating, which is based on aggregation of ratings of two ETFs and 249 mutual funds in the All Cap Value style as of July 17, 2013.
by David Trainer, Founder & CEO
July 18, 20130Comments

Best & Worst ETFs and Mutual Funds: All Cap Growth Style

The All Cap Growth style ranks fifth out of the twelve fund styles as detailed in my Style Rankings for ETFs and Mutual Funds report. It gets my Neutral rating, which is based on aggregation of ratings of both ETFs and 449 mutual funds in the All Cap Growth style as of July 16, 2013.
by David Trainer, Founder & CEO
July 17, 20130Comments

Best & Worst ETFs and Mutual Funds: Large Cap Growth Style

The Large Cap Growth style ranks fourth out of the twelve fund styles as detailed in my Style Rankings for ETFs and Mutual Funds report. It gets my Neutral rating, which is based on aggregation of ratings of 23 ETFs and 685 mutual funds in the Large Cap Growth style as of July 12, 2013.
by David Trainer, Founder & CEO
July 17, 20130Comments

Best & Worst ETFs and Mutual Funds: All Cap Blend Style

The All Cap Blend style ranks third out of the twelve fund styles as detailed in my Style Rankings for ETFs and Mutual Funds report. It gets my Neutral rating, which is based on aggregation of ratings of 36 ETFs and 704 mutual funds in the All Cap Blend style as of July 12, 2013.
by David Trainer, Founder & CEO
July 16, 20130Comments

Best & Worst ETFs and Mutual Funds: Large Cap Value Style

The Large Cap Value style ranks second out of the twelve fund styles as detailed in my Style Rankings for ETFs and Mutual Funds report. It gets my Neutral rating, which is based on aggregation of ratings of 42 ETFs and 772 mutual funds in the Large Cap Value style as of July 11, 2013.
by David Trainer, Founder & CEO
July 16, 20130Comments

Best & Worst ETFs and Mutual Funds: Large Cap Blend Style

The Large Cap Blend style ranks first out of the twelve fund styles as detailed in my Style Rankings for ETFs and Mutual Funds report. It gets my Neutral rating, which is based on aggregation of ratings of 31 ETFs and 955 mutual funds in the Large Cap Blend style as of July 11, 2013.
by David Trainer, Founder & CEO
July 16, 20130Comments

Rating Breakdown: Best & Worst ETFs & Mutual Funds by Style

This report identifies the “best” ETFs and mutual funds based on the quality of their holdings and their costs. As detailed in “Low-Cost Funds Dupe Investors”, there are few funds that have both good holdings and low costs. While there are lots of cheap funds, there are very few with high-quality holdings.
by David Trainer, Founder & CEO
July 15, 20130Comments

Investment Style Rankings For ETFs & Mutual Funds

No fund style earns better than a Neutral rating going into 3Q13. My style ratings are based on the aggregation of my fund ratings for every ETF and mutual fund in each style.
by David Trainer, Founder & CEO
New Constructs
July 15, 20132Comments

FASB/IASB Considers Adopting Revised Rules for Operating Lease Accounting

We applaud the Financial Accounting Standards Board's (FASB) latest proposal to change the way leases are reported. The new rules would make only the shortest-term operating leases exempt from being recorded on the balance sheet.
by David Trainer, Founder & CEO
July 15, 20130Comments

3Q13 Best & Worst ETFs & Mutual Funds—by Sector—Recap

Each quarter, we provide the most comprehensive review of equity ETFs and mutual funds available. We review the Best & Worst ETFs and Mutual Funds by sector and style. This article
by David Trainer, Founder & CEO
July 15, 20132Comments

Best & Worst ETFs & Mutual Funds July 2013: Energy Sector

The Energy sector ranks eighth out of the ten sectors as detailed in my Sector Rankings for ETFs and Mutual Funds report. It gets my Dangerous rating, which is based on aggregation of ratings of 18 ETFs and 63 mutual funds in the Energy sector as of July 10, 2013.
by David Trainer, Founder & CEO
July 15, 20131Comments

Best & Worst ETFs & Mutual Funds July 2013: Telecom Sector

The Telecom sector ranks seventh out of the ten sectors as detailed in my Sector Rankings for ETFs and Mutual Funds report. It gets my Dangerous rating, which is based on aggregation of ratings of 4 ETFs and 13 mutual funds in the Telecom sector as of July 10, 2013.
by David Trainer, Founder & CEO
July 15, 20130Comments

Best & Worst ETFs & Mutual Funds July 2013: Utilities Sector

he Utilities sector ranks ninth out of the ten sectors as detailed in my Sector Rankings for ETFs and Mutual Funds report. It gets my Dangerous rating, which is based on aggregation of ratings of 8 ETFs and 33 mutual funds in the Utilities sector as of July 10, 2013.
by David Trainer, Founder & CEO
July 15, 20130Comments

Best & Worst ETFs & Mutual Funds July 2013: Financials Sector

The Financials sector ranks tenth out of the ten sectors as detailed in my Sector Rankings for ETFs and Mutual Funds report. It gets my Dangerous rating, which is based on aggregation of ratings of 44 ETFs and 234 mutual funds in the Financials sector as of July 10, 2013.
by David Trainer, Founder & CEO
July 15, 20130Comments

Danger Zone 7/15/13: Stein Mart (SMRT)

Stein Mart (SMRT) is in the Danger Zone this week and earns my Very Dangerous rating. Hidden items in its filings artificially boost earnings growth and mask significant liabilities.
by David Trainer, Founder & CEO
July 12, 20131Comments

Best & Worst ETFs & Mutual Funds July 2013: Materials Sector

The Materials sector ranks sixth out of the ten sectors as detailed in my Sector Rankings for ETFs and Mutual Funds report. It gets my Dangerous rating, which is based on aggregation of ratings of 10 ETFs and 15 mutual funds in the Materials sector as of July 9, 2013.
by David Trainer, Founder & CEO
July 12, 20130Comments

Best & Worst ETFs & Mutual Funds July 2013: Consumer Discretionary Sector

The Consumer Discretionary sector ranks fifth out of the ten sectors as detailed in my Sector Rankings for ETFs and Mutual Funds report. It gets my Neutral rating, which is based on aggregation of ratings of 17 ETFs and 27 mutual funds in the Consumer Discretionary sector as of July 9, 2013.
by David Trainer, Founder & CEO
July 12, 20130Comments

Best & Worst ETFs & Mutual Funds July 2013: Health Care Sector

The Health Care sector ranks fourth out of the ten sectors as detailed in my Sector Rankings for ETFs and Mutual Funds report. It gets my Neutral rating, which is based on aggregation of ratings of 21 ETFs and 87 mutual funds in the Health Care sector as of July 9, 2013.
by David Trainer, Founder & CEO
July 11, 20130Comments

AOCI Removed from Invested Capital – NOPAT Adjustment

Reported assets don’t tell the whole story of the capital invested in a business. Accounting rules provide numerous loopholes that companies can exploit to hide balance sheet issues and obscure the true amount of capital invested in a business.
by David Trainer, Founder & CEO
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