Cheap Funds Dupe Investors — 1Q2015

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Fund holdings affect fund performance more than fees or past performance. A cheap fund is not necessarily a good fund. A fund that has done well in the past is not likely to do well in the future.

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Beware Morningstar Myths: The Truth Can Save You Big Bucks

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We believe that Morningstar’s size and stranglehold on the rating industry do not serve investors’ best interests. Receive in-depth reports on 10 funds that we think Morningstar’s backward-looking ratings have dead wrong.

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Cheap Funds Dupe Investors — 4Q2014

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Fund holdings affect fund performance more than fees or past performance. A cheap fund is not necessarily a good fund. A fund that has done well in the past is not likely to do well in the future

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Has the Morningstar Rating System Become a Costly Prophecy for Mutual Fund Investors?

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The market not only needs multiple voices analyzing mutual funds, but also holdings-based research that offers an alternative to Morningstar’s backward-looking ratings. The more voices we have in the market, the healthier it will be.

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Why Investors Need Independent Fund Research

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Investors deserve an alternative to subjective and backward-looking ratings. They deserve analysis of a fund’s holdings, not just its past performance. Investors deserve real diligence, because diligence pays.

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Cheap Funds Dupe Investors – 3Q2014

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Investors are good at picking cheap funds. We want them to be better at picking funds with good stocks. Both are required to maximize success.

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Cheap Funds Dupe Investors – 2Q2014

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Fund holdings affect fund performance more than fees or past performance. A cheap fund is not necessarily a good fund.

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Are Investors Wishing Upon Their Stars?

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Morningstar’s ratings are useful, but without analysis of holdings investors have not done their due diligence.

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Cheap Funds Dupe Investors – 1Q2014

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Investors are good at picking cheap funds. We want them to be better at picking funds with good stocks. Both are required to maximize success.

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Morningstar’s Ratings Are Not The Final Word

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Morningstar’s research can be helpful, but we believe our in-depth analysis of ETF and mutual fund holdings gives our ratings a superior predictive value, and results back up our claim.

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Cheap Funds Dupe Investors – 4Q2013

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Fund holdings affect fund performance more than fees or past performance. A cheap fund is not necessarily a good fund. A fund that has done well in the past is not likely to do well in the future (e.g. 5-star kiss of death and active management has long history of underperformance). Yet, traditional fund research…

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Index Investing Myth Buster: Tom Brakke

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Tom Brakke recently featured our Dangers Zone article on FVL. His article highlights the lack of performance of FVL versus other true index funds and supports my thesis.

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GURU and the Rise of Quality Holdings Research

The recent popularity of the Global X Top Guru Holdings Index ETF (GURU) is a testament to the fact that investors are realizing the importance of a fund’s holdings above all else.

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Cheap Funds Dupe Investors – 3Q13

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Fund holdings affect fund performance more than fees or past performance. A cheap fund is not necessarily a good fund. A fund that has done well in the past is not likely to do well in the future.

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

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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.

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

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This report focuses on my top picks and pans for all sector funds. I will follow this summary with a detailed report on each sector.

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Danger Zone 6/24/13: REITs

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Even with this recent price drop, the current valuations of REITs look disconnected from their fundamentals.

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Danger Zone 6/10/13: “Passive” Investors

Passive investors are in the Danger Zone for not recognizing that they are actually active investors.

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“Index” Label Myths

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The word “index” in an ETF label does not always mean that investors are getting the specific exposure they seek. Diligence on ETF holdings is necessary despite what the providers might have you believe. Below I dispel the following myths concerning index ETFs.

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Cheap Funds Dupe Investors – 2Q13

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Fund holdings affect fund performance more than fees or past performance. A cheap fund is not necessarily a good fund. A fund that has done well in the past is not likely to do well in the future. Yet, traditional fund research focuses only on low fees and past performance.

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