You'll notice that over the shorter - term (one to three years) UK mid and large but not
small cap funds tended to outperform the index however this effect diminished at five to 10 years (lower half of Table 3).
Not exact matches
Right now the
fund, which has
tended to short larger stocks, is cautious about the switch from
small and mid-cap stocks to large
caps as «investors chase safer growth options as expectations of higher global GDP growth is priced in».
As the
Fund tracks the US stock market excluding the S&P 500 Index, which comprise 500 large
cap companies, the companies tracked by the
Fund would be significantly
smaller in market capitalization, and would
tend to be less mature with higher volatility.
Oakmark, Oakmark Equity & Income, Oakmark Global, Oakmark International
Funds and Oakmark International
Small Cap: The Funds» portfolios tend to be invested in a relatively small number of st
Small Cap: The
Funds» portfolios
tend to be invested in a relatively
small number of st
small number of stocks.
Unfortunately, that is mitigated by the
cap on overall
funding, which
tends to incentivize SOs to give
smaller scholarships.
Taxable bond
funds, Treasury inflation - protected securities, real estate investment trusts (REITs),
small cap and value
funds will
tend to pay out more tax - triggering events than large
cap U.S. and international stock
funds.
But, the separate accounts
tend to focus on
small and mid-
cap companies while the mutual
fund is all -
cap.
Since different types of equity securities (e.g., large -
cap, mid-
cap,
small -
cap)
tend to shift into and out of favor with investors depending on market and economic conditions, the performance of the
Fund may also be worse than the performance of equity
funds that focus on other types of equities or have a broader investment style when the adviser's management style is out - of - favor.
Success rates for actively managed U.S. mid-
cap funds have
tended to be more diverse and variable than for U.S. large - and
small -
cap funds.
The only way to know for sure what you're getting is to optimize at the actual asset level, using that exact mutual
fund's return data, because the optimizer will
tend to choose the
small -
cap fund with the highest beta.