Best And Worst Q4 2019: Large-Cap Growth ETFs And Mutual Funds by David Trainer

in syndication •  2 months ago 

Summary

  • The Large-Cap Growth style ranks fifth in Q4'19.
  • Based on an aggregation of ratings of 25 ETFs and 698 mutual funds in the Large-Cap Growth style.
  • SPGP is our top-rated Large-Cap Growth ETF and FUQIX is our top-rated Large-Cap Growth mutual fund.
  • Looking for a helping hand in the market? Members of Value Investing 2.0 get exclusive ideas and guidance to navigate any climate. Get started today »

The Large-Cap Growth style ranks fifth out of the 12 fund styles as detailed in our Q4'19 Style Ratings for ETFs and Mutual Funds report. Last quarter, the Large-Cap Growth style ranked fifth as well. It gets our Neutral rating, which is based on an aggregation of ratings of 25 ETFs and 698 mutual funds in the Large-Cap Growth style. See a recap of our Q3'19 Style Ratings here.

Figures 1 and 2 show the five best and worst rated ETFs and mutual funds in the style. Not all Large-Cap Growth style ETFs and mutual funds are created the same. The number of holdings varies widely (from 21 to 554). This variation creates drastically different investment implications and, therefore, ratings.

Investors seeking exposure to the Large-Cap Growth style should buy one of the Attractive-or-better rated ETFs or mutual funds from Figures 1 and 2.

Our Robo-Analyst technology[1] empowers our unique ETF and mutual fund rating methodology, which leverages our rigorous analysis of each fund’s holdings.[2] Only our research utilizes the superior data and earnings adjustments featured by the HBS & MIT Sloan paper, “Core Earnings: New Data and Evidence.” We think advisors and investors focused on prudent investment decisions should include analysis of fund holdings in their research process for ETFs and mutual funds.

Figure 1: ETFs with the Best and Worst Ratings – Top 5

  • Best ETFs exclude ETFs with TNAs less than $100 million for inadequate liquidity.
    Sources: New Constructs, LLC and company filings

Invesco Russell 1000 Quality Factor ETF (QQAL) is excluded from Figure 1 because its total net assets (TNA) are below $100 million and do not meet our liquidity minimums.

Figure 2: Mutual Funds with the Best and Worst Ratings – Top 5

  • Best mutual funds exclude funds with TNAs less than $100 million for inadequate liquidity.
    Sources: New Constructs, LLC and company filings

Mundoval Fund (MUNDX) and Capital Series Alta Quality Growth Fund (AQLGX) are excluded from Figure 2 because their total net assets ((TNA)) are below $100 million and do not meet our liquidity minimums.

Invesco S&P 500 GARP ETF (SPGP) is the top-rated Large-Cap Growth ETF and Fidelity SAI U.S. Quality Index Fund (FUQIX) is the top-rated Large-Cap Growth mutual fund. Both earn a Very Attractive rating.

RBB Motley Fool 100 Index ETF (TMFC) is the worst rated Large-Cap Growth ETF and PACE Large Company Growth Equity Investments (PLAAX) is the worst rated Large-Cap Growth mutual fund. TMFC earns a Neutral rating and PLAAX earns a Very Unattractive rating.

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Author Bio:

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Steem Account: @davidtrainer
Twitter Account: NewConstructs

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