My intelligence, such as it is, is offended when I receive a quarterly report months after the period has ended. My suspicious mind wonders if the plausible rationalizations of the fund managers for its performance may not have had the benefit of more hindsight than it appears from the report date. Cats, bags, pigs, pokes . . . I certainly appreciate your frustration. I see pros and cons to more contemporaneous reporting.
Disclosure is almost always good.
Yes, this would be a waste of your time. But surely not the only way you waste time. Yet there s another side to this story, as thought through by my esteemed friend Less Antman. First of all, says Less, to keep from driving the price up or down, a fund manager will often take weeks or months to build up or liquidate a position in a stock. Second, mutual funds should be considered long-term investments.