Boho
Thinks s/he gets paid by the post
- Joined
- Feb 7, 2017
- Messages
- 1,844
Why does U.S. News & World Report call FNDF a value fund? Their definition makes sense - "Foreign large-value portfolios invest mainly in big international stocks that are less expensive or growing more slowly than other large-cap stocks" but including FNDF, I think, doesn't make sense. This is what the prospectus says:
I don't see the CAPE or PB ratios mentioned. Are there really value securities in this fund?
To pursue its goal, the fund generally invests in stocks that are included in the Russell RAFI Developed ex-U.S. Large Company Index † . The index selects, ranks, and weights securities by fundamental measures of company size — adjusted sales, retained operating cash flow, and dividends plus buybacks — rather than market capitalization.
I don't see the CAPE or PB ratios mentioned. Are there really value securities in this fund?