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Featured Advisor:
Howard Erman

Seal Beach, Ca
(562) 546-6021
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Historical Analysis

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(FLMSX): ()

Score Weighting: (FLMSX)

Here are the factors and weightings on how we come up with the score

  1. Short-term performance beats category average: 10%
  2. Mid-term performance beats category average: 15%
  3. Long-term performance beats category average: 15%
  4. Morningstar rating: 10%
  5. Ratio of number of positive-return years over number of negative-return years: 15%
  6. Expense ratio is smaller than its category peers: 10%
  7. Performance vs volatility (ie. Sharper, Treynor, Standard Deviation) beats category peers: 10%
  8. Relative safety beats category peers: 15%
** We also apply various filters and calculations on each factor to ensure best representation of the fund performance

  

Score Grade: (FLMSX)

How we convert Fund Mojo Score to a letter grade

  1. Mojo Master: Fund Mojo score is greater than 0.85
  2. A+: Fund Mojo score is greater than 0.8
  3. A: Fund Mojo score is between 0.7 - 0.8
  4. B: Fund Mojo score is between 0.6 - 0.7
  5. C: Fund Mojo score is between 0.5 - 0.6
  6. D: Fund Mojo score is between 0.4 - 0.5
  7. E: Fund Mojo score less than 0.4

  

Score Design Philosophy: (FLMSX)

Our thinking behind the weighting factors

  • Performance needs to be accomplished by the same fund manager on a consistent basis. We give great credit to a fund manager who can outperform its category peer on a consistent basis over many years. If the performance is not generated by the fund manager (ie. recent manager changes), then it is hard to predict whether a fund will continuously perform well in the future.
  • Performance needs to accomplished under reasonable volatility. Some funds have great returns on average over years, but the magnitude of up-and-down is significant that they are not suitable for investors to tolerate. Top funds on our list have great Sharpe ratio and up-year vs down-year track record.
  • Expense should be in-line with the category. We realize that great managers do not come cheap and small funds need to charge a higher fee to survive, so we added some buffer for these managers, but it is important for investors not to pay super-premium for a fund.
  • Safety. While there are great upside to be accomplished, top investors stay in the game because they don't lose money over difficult time. We put weight on a fund's ability to survive bear market and not to lose a lot of money over a 3 year downturn.