4 / 5 Stars
5 4 4 4 4
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
#23 in Large Value
U.S. News evaluated 326 Large Value Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 34.89 percent over the past year, 14.87 percent over the past three years, 21.69 percent over the past five years, and 7.60 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||1.8%|
|3 Years (Annualized)||14.9%|
|5 Years (Annualized)||21.7%|
|10 Years (Annualized)||7.6%|
It's been smooth sailing for investors in the Sound Shore fund.
As of March 05, 2014, the fund has assets totaling almost $2.21 billion invested in 45 different holdings. Its portfolio consists primarily of shares of large companies.
Lately, this fund has charted a steady course. Its returns, while certainly not earth-shattering, have at least been predictable. Notably, as of the end of 2010, the fund's trailing three-year returns were almost identical to those of the broader market. Like many of its value-oriented peers, this fund has a substantial allocation to the healthcare and financial sectors, both of which are filled with names that are recovering from slumps induced by regulatory efforts and the recession. For example, Pfizer, Abbott Laboratories, and Citigroup all occupy prominent spots in the fund's portfolio. Still, that's not to say that the fund doesn't have its own distinctive feel. Relative to its peers, the fund is overweight to energy companies. The fund has returned 34.89 percent over the past year and 14.87 percent over the past three years.
Historically, this fund has been fairly range-bound. Since 2002, it hasn't finished a single year in the top 20 percent or bottom 20 percent of Morningstar's large value category. This is largely due to management's aversion to risk. While this could hold the fund back during strong markets, it also helps it avoid disastrous years. Over time, the fund's steadiness has rewarded patient investors. The fund has returned 21.69 percent over the past five years and 7.60 percent over the past decade.
According to the fund's prospectus: "Since the Fund's inception in 1985, the Adviser has consistently applied its value-oriented investment philosophy and process. This process includes comprehensive valuation screens, detailed company specific research, and target valuation based stock selection and sale practices. The Adviser strives to be at or near fully invested."
Role in Portfolio
Morningstar calls this fund a "core" holding.
Harry Burn and Gibbs Kane manage the fund.
Sound Shore Fund has an expense ratio of 0.94 percent.
Like all stock funds, this one comes with some risks.