Mutual Fund Insights: FBR Technology Fund (FBRTX)

In-depth Analysis of FBR Technology Fund (FBRTX)

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See FBR Technology Fund (FBRTX) performance details as of February 28, 2010

  

Last Trade: $10.44 on 3/19/2010, Change: -0.08 (-0.76%)

  

Fund Manager - Winsor Aylesworth

Fund Manager Tenure: 8.1 years
Fundmojo Fund Grade: C (Score: 0.5)     (What does this score mean?)

Winsor Aylesworth has been employed by FBR Funds since 1998. Winsor Aylesworth also serves as portfolio manager of the FBR Technology Fund and the FBR American Gas Index Fund. Winsor Aylesworth was previously the president of Grandview Advisors.  Get more insights on Winsor Aylesworth

  

 What we like about FBR Technology Fund (FBRTX)

Data for FBR Technology Fund (FBRTX) as of February 28, 2010

• FBR Technology Fund (FBRTX) management has been with FBR Technology Fund for 8.1 years
• FBR Technology Fund (FBRTX) has good mid-term performance (3-year return -2.03% vs -0.73 % Technology category average)
• FBR Technology Fund (FBRTX) ratio of up-years vs down years is greater than 2
• FBR Technology Fund (FBRTX) is less volatile than its peers as it has a 3-year Standard Deviation of 21.94, lower than category average of 26.21

  

 What we are cautious about FBR Technology Fund (FBRTX)

Data for FBR Technology Fund (FBRTX) as of February 28, 2010

• FBR Technology Fund is a focused fund with 39.58% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• FBR Technology Fund (FBRTX) has a less-than-ideal short-term performance (1-year return 58.28% vs 66.43 % Technology category average)
• FBR Technology Fund (FBRTX) has a less-than-ideal Long-term performance (5-year return 3.12% vs 3.67 % Technology category average)
• FBR Technology Fund (FBRTX) has a Morningstar rating of 3 and below
• FBR Technology Fund (FBRTX) is less safe compared to its Technology peers
• FBR Technology Fund (FBRTX) has an annual stock turnover rate of 211.00% that is higher than the Technology average of 183.68%. This could mean FBR Technology is more nimble, but also signal potential high tax impact and high trading fees
• FBR Technology Fund (FBRTX) does not have a good risk adjusted return as its 3-year Alpha of 4.16 is worse than category average of 7.44, and its 3-year Sharpe ratio is -0.06
• FBR Technology Fund (FBRTX) has a higher management fee of 1.95% than its Technology average of 1.81%
• Even though FBR Technology Fund carries no load, it does have a 0.25% of 12b1 promotion, distributions, marketing expenses

See FBR Technology Fund (FBRTX) performance details as of February 28, 2010

  

  

Interested in other top mutual funds in similar Technology category?

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FBR Technology Fund (FBRTX) Net Asset

Track net asset change of FBR Technology fund (FBRTX)

Date	Net Asset
02/2010	$10.65M
01/2010	$10.16M
11/2009	$9.21M

More historic net asset information on FBR Technology Fund (FBRTX)

  

FBR Technology Fund (FBRTX) Portfolio Allocation

Track portfolio allocation change of FBR Technology fund (FBRTX)

Date	Cash	Stock	Bond	Other
09/2009	5.58%	94.42%	0%	0%
06/2009	3.84%	96.15%	0%	0%
03/2009	29.58%	70.42%	0%	0%

Click here to see more historic asset allocation information on FBR Technology Fund (FBRTX)

  

Most Recent Top 10 Holdings in FBR Technology Fund (FBRTX)

Discover what FBR Technology Fund (FBRTX) manager is buying

30-Sep-09 E M C CP [3.83%] Apple Inc. [3.82%] Amazon.com, Inc. [3.78%] Google Inc. [3.78%] Cisco Systems, Inc. [3.77%] Research In Motion Limited [3.75%] VISA INC. [3.75%] MEDTRONIC INC [3.71%] Microsoft Corporation [3.7%] JOHNSON AND JOHNS DC [3.09%]

30-Jun-09 Apple Inc. [4.07%] JOHNSON AND JOHNS DC [4%] ALCON INC [3.79%] BRISTOL-MYERS SQUIBB [3.69%] Intel Corporation [3.55%] Gilead Sciences, Inc. [3.44%] E M C CP [3.4%] Cisco Systems, Inc. [3.39%] SAP AG ADS [3.34%] Google Inc. [3.33%]

31-Mar-09 Intel Corporation [3.43%] Apple Inc. [3.34%] CORNING INC [3.29%] Google Inc. [2.99%] Genzyme Corporation [2.39%] Cisco Systems, Inc. [2.38%] Gilead Sciences, Inc. [2.28%] Amazon.com, Inc. [2.26%] Biogen Idec Inc [2.18%] Research In Motion Limited [2.12%]

Click here for Stock Holding Change Map in FBR Technology Fund (FBRTX)

  

Related books and products to FBR Technology Fund (FBRTX)

  

Latest News on FBR Technology (FBRTX)

See what is happening with FBR Technology Fund (FBRTX)

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Books and Resources

 

 

See more information on FBR Technology Fund (FBRTX)

• FBR Technology Fund Insights
• FBR Technology Fund Performance Data
• FBR Technology Fund News
• FBR Technology Fund Score Explaination
• FBR Technology Fund Manager Information
• Historic FBR Technology Fund Asset Allocation Report
• Historic FBR Technology Fund Top 10 Holding Tracking
• Historic FBR Technology Fund Asset Under Management Tracking