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Is Semper MBS Total Return Investor (SEMPX) a Strong Mutual Fund Pick Right Now?
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If you've been stuck searching for Index funds, consider Semper MBS Total Return Investor (SEMPX - Free Report) as a possibility. SEMPX possesses a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on nine forecasting factors like size, cost, and past performance.
History of Fund/Manager
Semper is based in New York, NY, and is the manager of SEMPX. Semper MBS Total Return Investor made its debut in July of 2013, and since then, SEMPX has accumulated about $61.63 million in assets, per the most up-to-date date available. Thomas Mandel is the fund's current manager and has held that role since January of 2015.
Performance
Investors naturally seek funds with strong performance. This fund in particular has delivered a 5-year annualized total return of 2.54%, and it sits in the middle third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 0.87%, which places it in the bottom third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. SEMPX's standard deviation over the past three years is 13.74% compared to the category average of 12.14%. Over the past 5 years, the standard deviation of the fund is 10.67% compared to the category average of 10.06%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
With a 5-year beta of 0.39, the fund is likely to be less volatile than the market average. Alpha is an additional metric to take into consideration, since it represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. With a positive alpha of 1.35, managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.
Expenses
As competition heats up in the mutual fund market, costs become increasingly important. Compared to its otherwise identical counterpart, a low-cost product will be an outperformer, all other things being equal. Thus, taking a closer look at cost-related metrics is vital for investors. In terms of fees, SEMPX is a no load fund. It has an expense ratio of 1.07% compared to the category average of 0.78%. From a cost perspective, SEMPX is actually more expensive than its peers.
Investors need to be aware that with this product, the minimum initial investment is $2,500; each subsequent investment needs to be at least $1,000.
Bottom Line
Overall, Semper MBS Total Return Investor ( SEMPX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively similar performance, average downside risk, and higher fees, Semper MBS Total Return Investor ( SEMPX ) looks like a good potential choice for investors right now.
For additional information on this product, or to compare it to other mutual funds in the Index, make sure to go to www.zacks.com/funds/mutual-funds for additional information. Want to learn even more? We have a full suite of tools on stocks that you can use to find the best choices for your portfolio too, no matter what kind of investor you are.
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Is Semper MBS Total Return Investor (SEMPX) a Strong Mutual Fund Pick Right Now?
If you've been stuck searching for Index funds, consider Semper MBS Total Return Investor (SEMPX - Free Report) as a possibility. SEMPX possesses a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on nine forecasting factors like size, cost, and past performance.
History of Fund/Manager
Semper is based in New York, NY, and is the manager of SEMPX. Semper MBS Total Return Investor made its debut in July of 2013, and since then, SEMPX has accumulated about $61.63 million in assets, per the most up-to-date date available. Thomas Mandel is the fund's current manager and has held that role since January of 2015.
Performance
Investors naturally seek funds with strong performance. This fund in particular has delivered a 5-year annualized total return of 2.54%, and it sits in the middle third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 0.87%, which places it in the bottom third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. SEMPX's standard deviation over the past three years is 13.74% compared to the category average of 12.14%. Over the past 5 years, the standard deviation of the fund is 10.67% compared to the category average of 10.06%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
With a 5-year beta of 0.39, the fund is likely to be less volatile than the market average. Alpha is an additional metric to take into consideration, since it represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. With a positive alpha of 1.35, managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.
Expenses
As competition heats up in the mutual fund market, costs become increasingly important. Compared to its otherwise identical counterpart, a low-cost product will be an outperformer, all other things being equal. Thus, taking a closer look at cost-related metrics is vital for investors. In terms of fees, SEMPX is a no load fund. It has an expense ratio of 1.07% compared to the category average of 0.78%. From a cost perspective, SEMPX is actually more expensive than its peers.
Investors need to be aware that with this product, the minimum initial investment is $2,500; each subsequent investment needs to be at least $1,000.
Bottom Line
Overall, Semper MBS Total Return Investor ( SEMPX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively similar performance, average downside risk, and higher fees, Semper MBS Total Return Investor ( SEMPX ) looks like a good potential choice for investors right now.
For additional information on this product, or to compare it to other mutual funds in the Index, make sure to go to www.zacks.com/funds/mutual-funds for additional information. Want to learn even more? We have a full suite of tools on stocks that you can use to find the best choices for your portfolio too, no matter what kind of investor you are.