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<title><![CDATA[Aegis Value]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_A/forumview?bn=33752</link>
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<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_A/forumview?bn=33752</link>
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<title><![CDATA[Bassett Furniture stock crashed today]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_A/threadview?m=tm&amp;bn=33752&amp;tid=16&amp;mid=16&amp;tof=1&amp;off=1</link>
<description><![CDATA[Why do lousy loser funds like this one continue to exist?

Because people are simply too ignorant or apathic to GET OUT from the overpaid underperforming hogs that run this thing?

"Value" fund ?    I laugh!]]></description>
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<pubDate>Wed, 04 Feb 2009 03:37:17 GMT</pubDate>
<author><![CDATA[reinsurance.icon]]></author>
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<title><![CDATA[Re: Aegis Value]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_A/threadview?m=tm&amp;bn=33752&amp;tid=1&amp;mid=15&amp;tof=2&amp;off=1</link>
<description><![CDATA[Certainly you are not talking about this fund, they are only in the 10th percentile in all categories for the last 5 years, meaning that 90+ percent of the funds in their category did better. This is a 1 star fund and if they gave out zero stars then this would be a definite contender. Management is vastly overpaid for the performance they give.]]></description>
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<pubDate>Sun, 21 Dec 2008 14:44:35 GMT</pubDate>
<author><![CDATA[forth58]]></author>
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<title><![CDATA[Re: Aegis Value]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_A/threadview?m=tm&amp;bn=33752&amp;tid=1&amp;mid=14&amp;tof=3&amp;off=1</link>
<description><![CDATA[probably one of five truly disciplined mutual funds in the world. They are PROS..... a lot of negative BS has hurt their AUM but their returns are phenomenal.]]></description>
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<pubDate>Sun, 21 Dec 2008 14:44:34 GMT</pubDate>
<author><![CDATA[nlevis2]]></author>
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<title><![CDATA[Re: Aegis Value]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_A/threadview?m=tm&amp;bn=33752&amp;tid=1&amp;mid=13&amp;tof=4&amp;off=1</link>
<description><![CDATA[I am building a widely diversified portfolio that splits equity holdings 50/50 between US/International, then splits everything 50/50 between large/small and another split between blend(core)/value.

AVALX is a perfect complement to BRSIX in the micro cap portion of my portfolio. I plan on being in this fund for years (decades). 

In a bear market, I periodically add to all of my holdings, especially those in the small/micro cap area. This philosophy has worked well over the years, and extending the small caps to micro caps is "fine tuning" the portfolio.]]></description>
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<pubDate>Tue, 02 Sep 2008 21:59:57 GMT</pubDate>
<author><![CDATA[sins2]]></author>
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<title><![CDATA[Re: Aegis Value]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_A/threadview?m=tm&amp;bn=33752&amp;tid=1&amp;mid=12&amp;tof=5&amp;off=1</link>
<description><![CDATA[Aegis value has underperformed in every time frame and in every category 1 month, 1 year, 3 year, 5 year and against other funds in their category and against the index. Frankly, I don't understand how they can maintain even their 2 Star rating.]]></description>
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<pubDate>Fri, 29 Aug 2008 15:17:00 GMT</pubDate>
<author><![CDATA[forth58]]></author>
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<title><![CDATA[Re: Aegis Value]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_A/threadview?m=tm&amp;bn=33752&amp;tid=1&amp;mid=11&amp;tof=6&amp;off=1</link>
<description><![CDATA[I had AVALX for about 5 years. I really like their philosophy, and it should help them outperform during the bear market that I believe is coming. However, small cap is never a good place to be during a downturn. I sold all my AVALX in June and watched it go up another 3%. I will look to buy back in once the recession is officially declared. I think these guys are really smart, and they will have lots of cash to invest at the bottom.

The only long fund that I currently own is AMAGX, but I am thinking about dumping them, too, only because I am that bearish. However, AMAGX has a terrific track record.

I put all of the proceeds from my AVALX share into shorts and puts in homebuilders and financials. I have just closed out all my homies at fantastic profits. I am still short financials, and I am adding short positions in retailing and REITS. SRS, SCC, SKF are easy ways to hedge your long positions if you are worried about a recession.

Effen]]></description>
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<pubDate>Wed, 07 Nov 2007 16:00:21 GMT</pubDate>
<author><![CDATA[effend]]></author>
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<title><![CDATA[Re: Aegis Value]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_A/threadview?m=tm&amp;bn=33752&amp;tid=1&amp;mid=10&amp;tof=7&amp;off=1</link>
<description><![CDATA[It's a matter of management style for Aegis.   If they don't see something they really consider a great value, they hold cash.   I'm exactly in your position.   I purchased $10,000 worth of AVALX exactly 3 years ago and it's now grown to $13,183.   This is hardly a fantasitic return and I'm glad that it's not a large part of my portforlio.   But I think I'll still hang on to it, and think of it in two parts. 70% of which is a totally equity fund that earned (11.7%/0.70) better than 16% last year, and remaining 30% that is money in the mattress.   That's about what my equity / cash   ratio is in my portfolio.   If the market heads south.   I'll rely on the managers at AVALX to identify what they really consider values and move toward a more fully invested position.

You seem to be a reasonable sort, what other small/mid caps do you like or hold.   I have a substantial position in FLPSX and hold FRBSX in a 401K where I don't have to pay the front-end load and have a smaller position in BUFMX.

I'm also holding TAREX, FICDX, DODFX, DODGX, DODBX, FDVLX and BRGLX.

my 2cents.

Jerome]]></description>
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<pubDate>Fri, 09 Nov 2007 12:49:57 GMT</pubDate>
<author><![CDATA[thebelltolls4whom]]></author>
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<title><![CDATA[Re: Aegis Value]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_A/threadview?m=tm&amp;bn=33752&amp;tid=1&amp;mid=9&amp;tof=8&amp;off=1</link>
<description><![CDATA[I has not killed the 500 for a long time, for the last 3 years it has missed by an average of 2 points, it beat for 5 year only because it didn't melt down so much in 2000-2001. And its performance against other funds in its category is as follows:

5 year      78th percentile    (only better than 22% of funds)
3 year      67th percentile    (beat out 33% of funds in catagory)
1 year      35th percentile    (beat out 65% of funds in catagory)
YTD          70th percentile    (beat out 30% of funds in catagory)

This fund richly deserves its 2 star rating, it very much under performs other funds to such a degree that throwing a dart at a list of small cap funds would probably yeald one with better returns across the board.]]></description>
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<pubDate>Sat, 06 Oct 2007 14:50:56 GMT</pubDate>
<author><![CDATA[forth58]]></author>
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<title><![CDATA[Re: Aegis Value]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_A/threadview?m=tm&amp;bn=33752&amp;tid=1&amp;mid=8&amp;tof=9&amp;off=1</link>
<description><![CDATA[First of all understand the benchmark is the Russell Value 2000 which it beats YTD & since inception.   Secondly it kills the S&P 500 since 1998 or a full market cycle ... that's all you can ask, again, esp. in light of low beta & risk exposure.   You didn't like the 18% return last year?

Yup it's a little expensive & yup it holds lots of cash.    Read the shareholders ltr. it'll explain why.   You said you made $3,500 with a $10,000 investment.   Put in your holding time, do a quick back of the envelope & you'll ball park your personal annuallized return.

Otherwise ... I'm out ... see ya.]]></description>
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<pubDate>Fri, 05 Oct 2007 19:28:52 GMT</pubDate>
<author><![CDATA[iratherbe]]></author>
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<title><![CDATA[Re: Aegis Value]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_A/threadview?m=tm&amp;bn=33752&amp;tid=1&amp;mid=7&amp;tof=10&amp;off=1</link>
<description><![CDATA[This fund also has huge amounts of cash, has been that way for several years and the cash does not seem to be going down since it closed, it is increasing. Also, 12% annual return for a small cap fund is pretty piss poor ( I don't think it was that good though). Plus the fees are high considering they do not do a lot of trading and returns do not effectively beat the index 500.]]></description>
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<pubDate>Fri, 05 Oct 2007 01:47:33 GMT</pubDate>
<author><![CDATA[forth58]]></author>
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<title><![CDATA[Re: Aegis Value]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_A/threadview?m=tm&amp;bn=33752&amp;tid=1&amp;mid=6&amp;tof=11&amp;off=1</link>
<description><![CDATA[You gave it a few years to judge the fund which is fair enough, though I think you'd be better served by holding it thru a full market cycle of both bulls & bears.   Wouldn't you want to be slightly contrarian here after 6 1/2 years of the bull running & not follow a rear-view mirror or herd mentality by leaving in a flat year?

As far as your gains go, if you were in about 3 yrs. you averaged almost 12% annually ... for 4 yrs. around 9%.   You earned 35%!   Not super fantastic, but far from not making money & pretty solid for the relative guarded risk taken.   You also had just missed out on 2 of 3 previous big year returns.

The fund thru end of Aug. was still beating it's benchmark & has done so since inception.   I had forgot that (while I don't put a ton of credcence on publicity), still as recently as Aug. Barrons / Value Line had named Aegis as it's number one equity choice.

I like the fund for a 10 - 15% of my portfolio allocation.   Good luck with your next investment.   

See:
<a href=http://online.barrons.com/article/SB118679520270894849.html?mod=yahoobarrons&ru=yahoo>http://online.barrons.com/article/SB118679520270894849.html?mod=yahoobarrons&ru=yahoo</a>]]></description>
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<pubDate>Thu, 04 Oct 2007 23:56:24 GMT</pubDate>
<author><![CDATA[iratherbe]]></author>
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<title><![CDATA[Re: Aegis Value]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_A/threadview?m=tm&amp;bn=33752&amp;tid=1&amp;mid=5&amp;tof=12&amp;off=1</link>
<description><![CDATA[I have been in AVALX since 2004 with an 10k initial investment. That investment is now worth 13,500 with dividends reinvested. I do not know how they get 14% average return because I have not gotten anywhere near that, they deserve 2 stars and I will be out at the end of the year.]]></description>
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<pubDate>Thu, 04 Oct 2007 18:51:48 GMT</pubDate>
<author><![CDATA[forth58]]></author>
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<title><![CDATA[Re: Aegis Value]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_A/threadview?m=tm&amp;bn=33752&amp;tid=1&amp;mid=4&amp;tof=13&amp;off=1</link>
<description><![CDATA[Star ratings are a good relative basic present look guide, but they constantly change & are overall little value to   investors.

Aegis is for those who are on-board with a strict deep value style of investing combining prudent risk management while wanting exposue in small caps.   On a risk adjusted basis, a fine method of measuring, returns have been quite generous.   Benchmarking it's alpha, beta & standard deviation against peers also shows well.      

How do you support that 5 year annual returns of ~ 14% & no down years to date is not making money?]]></description>
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<pubDate>Tue, 02 Oct 2007 13:39:56 GMT</pubDate>
<author><![CDATA[iratherbe]]></author>
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<title><![CDATA[Re: Aegis Value]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_A/threadview?m=tm&amp;bn=33752&amp;tid=1&amp;mid=3&amp;tof=14&amp;off=1</link>
<description><![CDATA[Aegis Value is a stellar 2 star fund, meaning that 80+% of small cap funds outperform it. They don't lose money, but man they don't make any either. This will be the year they post their first loss.]]></description>
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<pubDate>Mon, 01 Oct 2007 21:30:47 GMT</pubDate>
<author><![CDATA[forth58]]></author>
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<title><![CDATA[Re: Aegis Value]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_A/threadview?m=tm&amp;bn=33752&amp;tid=1&amp;mid=2&amp;tof=15&amp;off=1</link>
<description><![CDATA[Been in for a long time.   Get some before it closes again.   Realize (and let Scott Barbie have the time do his thing) that he sticks to a strict deep value style so be patient & you'll be rewarded.   There were lots of complaints & redemptions by shareholders about a year ago mostly due to performance & his cash position.   Don't compare to small growth funds.   What I find particularly beneficial is that he strives not to lose $$$!]]></description>
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<pubDate>Thu, 27 Sep 2007 15:07:39 GMT</pubDate>
<author><![CDATA[iratherbe]]></author>
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<title><![CDATA[Aegis Value]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_A/threadview?m=tm&amp;bn=33752&amp;tid=1&amp;mid=1&amp;tof=16&amp;off=1</link>
<description><![CDATA[One of the top performing funds in the entire market over 1, 3, and 5 years. Wish I would've found this one sooner!]]></description>
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<pubDate>Sun, 21 Dec 2008 14:44:34 GMT</pubDate>
<author><![CDATA[infinitibucks]]></author>
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