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PTSCX - Forward International Small Co Instl

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Forward International Small Co Instl (PTSCX)
Expense Ratio: 1.27%
Expected Lifetime Fees: $36,776.07


The Forward International Small Co Instl fund (PTSCX) is a Foreign Small/Mid Blend fund started on 02/7/1996 and has $267.50 million in assets under management. The current manager has been running Forward International Small Co Instl since 03/23/1996. The fund is rated by Morningstar. This fund does not charge 12b-1 fees.

MarketRiders Prefers The Following ETF

iShares MSCI EAFE Small Cap Index Fund (SCZ)
Expense Ratio: 0.40%
Expected Lifetime Fees: $12,680.81


The iShares MSCI EAFE Small Cap Index Fund (SCZ) is an Exchange Traded Fund. It is a "basket" of securities that index the Foreign Small/Mid Blend investment strategy and is an alternative to a Foreign Small/Mid Blend mutual fund. Fees are very low compared to a comparable mutual fund like Forward International Small Co Instl because computers automatically manage the stocks.




The Following Foreign Small/Mid Blend Funds Have Lower Fees Than Forward International Small Co Instl (PTSCX). Why are these metrics important?
Mutual Fund Name Ticker Symbol Turnover Assets (M) Annual Fees
DFA International Small Company I DFISX 0.0% 5,500 0.55%
First Eagle Overseas A SGOVX 12.2% 10,000 1.14%
First Eagle Overseas I SGOIX 12.2% 10,000 0.89%
Franklin Intl Small Cap Growth A FINAX 17.5% 544 1.25%
Franklin Intl Small Cap Growth Adv FKSCX 17.5% 544 0.95%
Invesco International Small Company I IEGIX 18.0% 468 1.12%
Invesco International Small Company Y IEGYX 18.0% 468 1.25%
IVA International I IVIQX 54.3% 2,500 1.05%
Lazard Global Listed Infras Port Inst GLIFX 135.0% 117 1.09%
Vanguard FTSE All-World ex-US Small Capital Index Fund Investor Shares VFSVX 37.0% 1,100 0.50%
Vanguard International Explorer Inv VINEX 43.0% 1,700 0.42%



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Why Are These Metrics Important?


Turnover
Turnover represents how much of a mutual fund's holdings are changed over the course of a year through buying and selling. Active mutual funds have an average turnover rate of about 85%, meaning that funds are turning over nearly all of their holdings every year. A high turnover means you could make lower returns because: 1) buying and selling stocks costs money through commissions and spreads and 2) the fund will distribute yearly capital gains which increases your taxes. Look for funds with turnover rates below 50%. For comparison, ETF turnover rates average around 10% or lower.

Assets
Generally, smaller funds do better than larger ones. The more assets in a mutual fund, the lower the chance that it will beat its index. Managers outperform an index by choosing stocks that are undervalued. In order to find these undervalued stocks, the manager has to know more than his competitors to develop an "edge." There are only a finite number of stocks a mutual fund manager can reasonably analyze and actively track to gain such a competitive edge. When the fund has more assets, the manager must analyze large companies because he needs to take larger positions. Large companies are more efficiently priced in the market and it becomes increasingly difficult to get an edge.