Yacktman Fund

Yacktman Fund

Last Update: 07-15-2016
Related: Donald Yacktman
Yacktman Focused Fund

Number of Stocks: 39
Number of New Stocks: 1

Total Value: $7,043 Mil
Q/Q Turnover: 2%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Yacktman Fund' s Profile & Performance

Profile

The Yacktman Fund seeks long-term capital appreciation, and, to a lesser extent, current income. The Fund is non-diversified and mainly invests in common stocks of United States companies of any size, some, but not all of which, pay dividends. Yacktman employs a disciplined investment strategy, buying growth companies at what it believes to be low prices. Yacktman believes this approach combines the best features of "growth" and "value" investing. When they purchase stocks they generally search for companies they believe to possess one or more of the following three attributes: (1) good business; (2) shareholder-oriented management; or (3) low purchase price.

We also track Yacktman Focused Fund and Yacktman's 13F filing .

Web Page:http://investor.managersinvest.com/investment/yacktman_fund.html?cmpid=ELK_YAM_YACKX

Investing Philosophy

Good Business

A good business may contain one or more of the following:

High market share in principal product and/or service lines;
A high cash return on tangible assets;
Relatively low capital requirements allowing a business to generate cash while growing;
Short customer repurchase cycles and long product cycles; and
Unique franchise characteristics.

Shareholder-Oriented Management

Yacktman believes a shareholder-oriented management does not overcompensate itself and wisely allocates the cash the company generates. Yacktman looks for companies that:

Reinvest in the business and still have excess cash;
Make synergistic acquisitions; and
Buy back stock.

Low Purchase Price

Yacktman looks for a stock that sells for less than what an investor would pay to buy the whole company.

The stock prices of individual companies can vary significantly over short periods of time, and such price movements are not always correlated with changes in company fundamental performance. Accordingly, Yacktman generally prefers to wait for buying opportunities. Such opportunities do not always occur in correlation with overall market performance trends.

Historical Allocation of Stock, Bonds, Cash

Total Holding History

Performance of Yacktman Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
2015-5.631.19-6.8
201411.3313.69-2.4
201327.7432.39-4.6
3-Year Cumulative34.2 (10.3%/year)52.3 (15.1%/year)-18.1 (-4.8%/year)
201211.4716-4.5
20117.32.115.2
5-Year Cumulative60.5 (9.9%/year)80.4 (12.5%/year)-19.9 (-2.6%/year)
201012.6415.06-2.4
200959.3126.4632.9
2008-26.05-3711.0
20073.395.49-2.1
200615.9515.790.2
10-Year Cumulative155.4 (9.8%/year)102 (7.3%/year)53.4 (2.5%/year)
2005-1.34.91-6.2
20049.9310.88-0.9
200333.0328.684.3
200211.41-22.133.5
200119.46-11.8931.3
15-Year Cumulative390.6 (11.2%/year)107.5 (5%/year)283.1 (6.2%/year)
200013.57-9.122.7
1999-16.8921.04-37.9
19980.4728.58-28.1
199718.3133.36-15.1
199626.1622.963.2
20-Year Cumulative594.4 (10.2%/year)381.4 (8.2%/year)213 (2%/year)
199530.4237.58-7.2
19948.81.327.5
1993-6.5810.08-16.7
19924.727.62-2.9

Top Ranked Articles

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Commentaries and Stories

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