How does a fund get selected for the Fund-Track rankings?
At the end of each year all Fund-Track funds are evaluated, with some being replaced for new year. We are always searching for new “undiscovered” funds showing good potential, some of which do not get much press and are not even listed by Nasdaq. Currently a mutual fund needs over 25 million in assets and over 1,000 investors to get listed by Nasdaq. Funds selected for Fund-Track are screened for the following 10 criteria: • No-load • Open to new investors • No or minimal back-end redemption fees (No funds with a redemption fee > then 2% if held less then 60 days) • Minimum initial investment requirement less then or equal to $10,000 • Widely available on most mutual fund trading brokerages (required on Scottrade and Schwab) • Superior (better then category average) 1 and 3 year average returns. (if in existence 3 + years) • Morningstar rating of greater then 3 stars.
