Yacktman Fund

Yacktman Fund

Yacktman Fund
Last update 2020-07-16 49 Stocks (2 new)
Value $4.99 Bil Turnover 1 %
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Yacktman Fund 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 .

Yacktman Fund 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.
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Performance of Yacktman Fund

Year Return % S&P500 % Excess Gain %
2019 17.66 30.58 -12.9
2018 2.69 -4.57 7.3
2017 18.23 21.7 -3.5
3-Year Cumulative (2017-2019) 42.85 (12.62/Year) 51.65 (14.89/Year) -8.78 (-2.27/Year)
2016 11.2 12 -0.8
2015 -5.63 1.24 -6.9
5-Year Cumulative (2015-2019) 49.91 (8.43/Year) 71.96 (11.45/Year) -22.03 (-3.00/Year)
2014 11.33 13.46 -2.1
2013 27.74 32.31 -4.6
2012 11.47 15.99 -4.5
2011 7.3 1.9 5.4
2010 12.64 15.05 -2.4
10-Year Cumulative (2010-2019) 187.22 (11.13/Year) 251.03 (13.38/Year) -63.81 (-2.25/Year)
2009 59.31 26.35 33
2008 -26.05 -36.79 10.7
2007 3.39 5.15 -1.8
2006 15.95 15.84 0.1
2005 -1.3 4.83 -6.1
15-Year Cumulative (2005-2019) 300.37 (9.69/Year) 257.98 (8.87/Year) 42.39 (0.82/Year)
2004 9.93 10.7 -0.8
2003 33.03 28.18 4.8
2002 11.41 -21.58 33
2001 19.46 -11.76 31.2
2000 13.57 -9.75 23.3
20-Year Cumulative (2000-2019) 784.99 (11.52/Year) 217.22 (5.94/Year) 567.77 (5.58/Year)
1999 -16.89 20.38 -37.3
1998 0.47 28.69 -28.2
1997 18.31 33.49 -15.2
1996 26.16 22.5 3.7
1995 30.42 38.06 -7.6
25-Year Cumulative (1995-2019) 1338.51 (11.25/Year) 1009.46 (10.10/Year) 329.05 (1.15/Year)
1994 8.8 0.38 8.4
1993 -6.58 10.08 -16.7
1992 4.72 7.62 -2.9

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