PR Newswire
November 5, 2009
S&P: Past Performance Really Isn't Indicative of Future Results
Standard & Poor Equity Research gives White Oak Select Growth a 5-star ranking,
based on its “quantitative holdings-based, holistic ranking approach in ranking
mutual funds.”
Excerpts:
A closer look at White Oak Select Growth, a concentrated mutual fund with only 22
holdings as of June 2009, reveals why the mutual fund stands out versus similar
mutual funds. To S&P Equity Research, the mutual fund has positive inputs from
S&P Fair Value and its 3-year performance versus peers. In addition, the mutual
fund's top 10 holdings included 4-STARS Cisco [CSCO 24 ****] and Broadcom [BRCM
27 ****], with 58% of total assets in info technology stocks. But, this mutual fund
is not just an info technology mutual fund, as it owned stocks in other sectors,
including biotechnology company Amgen [AMGN 54 ****] and financial company Charles
Schwab [SCHW 17 **].
Further, supporting the 5-star ranking from S&P is the mutual fund's low costs.
WOGSX's net expense ratio of 1.25% is below its peers average of 1.39%, and the
mutual fund has incurred significantly lower turnover than its large cap growth
brethren, 25% versus 113%, which limits its trading costs.
S&P Equity Research has rankings and reports on 789 large cap growth mutual
funds that are open to new investors.
Click here to read full article.
Mutual fund investing involves risk including loss of principal. There is no assurance
that a fund will meet its stated objective.
The performance data quoted represents past performance and does not guarantee future
results. Investment return and principal value will fluctuate so that an investor’s
shares, when sold or redeemed, may be worth more or less than the original cost.
Current performance may be lower or higher than the performance quoted. Click here
for performance information through the most recent month end. Holdings are subject
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holdings through last complete quarter.
Sharpe Ratio is a measure of the excess return (risk premium) per unit of risk in
an investment. It is used to characterize how well the return compensates the investor
for the risk taken.