They also identify those stocks that are undervalued relative to their own historical valuation parameters, as well as undervalued based on their historical relative valuation to their industry group. The managers of the fund then do some old-fashioned tire kicking. They break down the balance sheets and income statements of these undervalued stocks and interview managements about each company s business plan. The managers also employ a strict sell discipline , selling any holding once it reaches their price target. Instead, the fund is broadly diversified with significant holdings among industrial, financial, consumer service, and utility stocks.
Turnover is also more moderate than most other domestic equity fund.
Now is not the time to make investment decisions by looking into the rear-view mirror but by looking forward. It is time to return to traditional value funds like the Sound Shore Fund. Click here to view the Fund s calendar quarter portfolio information. Click here to view Past performance is no guarantee of future results . This material should not be considered as an offer to sell or a solicitation of an offer to buy shares of any other funds mentioned in the article.