Mutual Fund Screen
Using Morningstar's Ascent software, I reduced 6900 funds to a list of 25 worth considering. From that 25, I followed them for awhile, did a little background research on the fund managers, their portfolio changes and ended up with 5 to invest in. Basically, all have 5 star rating by Morningstar, average to below average risk, high growth, are in the first decile for performance, all are no load, minimum of a 20% annualized 5 year retun, and minimum of 35% three year return, and growth or growth & income oriented. They are, with the tickers listed:
Torray (minimum $10k investment) TORYX
Vanguard Growth & Income (min $3k investment) VQNPX
Gabelli Growth (min $1k investment) GAGBX
Legg Mason Value Primary (min $1k investment) LMVTX
Selected American (min $1k investment) SLASX
The Vanguard fund is the most rounded in terms of the sector weighting for its portfolio, having invested in Financials, Technology, Cyclicals, Services, Health, Energy, Retail, Utilities, Staples and Durables. The other funds are basically in the first 4-5 sectors listed. They are not listed in any particular order.
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