Experts in the Field
Three Legs on a Stool
We believe that Fidelity and Vanguard are the most reputable and stable mutual fund companies in the world. Their funds serve as core building blocks in our risk-adjusted investment discipline. We also believe that by applying our unique process and digging deeper, we can find lesser-known, but still best-of-breed "undiscovered" managers.
Vanguard is best known for its low-cost funds, but its hidden strength lies in the institutional-quality advisers it hires to run its actively managed funds. These managers are among the best in the business, and in many cases, they are available to individual investors only through Vanguard.
Fidelity has the best fund manager training regimen in the business; it invests more than all of its peers on technology; and no other fund complex offers a greater number of investment options.
Together, Vanguard and Fidelity manage more than $3 trillion dollars worldwide.
Best of the Rest: When searching beyond Fidelity and Vanguard, our research team employs fundamental analysis and manager interviews to identify unique opportunities as well as alternatives to funds that are closed or perhaps have grown bloated. This system has helped us uncover lesser-known managers working for Artisan Partners and BlackRock Investment Management, for example.
Exchange-Traded Funds (ETFs)
As experts at managing managers, we know when the additional cost of active management is justified and when it's not. In some situations, we'll use inexpensive, passively managed ETFs.
Individual Bond Strategies
In this era of volatility, bonds have proven a relatively safe and predictable alternative to equities. Our bond strategist Chris Keith ferrets out opportunities larger institutional investors frequently overlook, such as small issues on the secondary market that yield more than comparable new issues.