YacktmanYACKX

Morningstar Rating

Fund Research and Analysis

by Bridget B. Hughes, CFA

Yacktman Fund's independent thinking pays off, though it can sometimes take a while.

There aren't many funds out there with as big a position in AmeriCredit ACF as this one. Managers Don Yacktman and Stephen Yacktman currently sock more than 6% of Read more

Kudos

Strong performance in the 2000-02 bear market and in more recent market turbulence.

Lead manager Donald Yacktman is an experienced manager with a good long-term track record. Read more

Risks

The managers run a concentrated portfolio, which can add to volatility and performance swings over time.

Propensity to hold cash can hamper the fund when the market is roaring.

Out-of-favor names can take a while to rebound. Read more

Strategy

Managers Donald Yacktman and Stephen Yacktman like profitable firms that generate cash, have little debt, and are selling at discounts to what they think the whole firm is worth. To a great extent, they Read more

Management

Donald Yacktman started this fund in 1992 after nine successful years at the helm of Selected American Shares SLASX. He also manages Yacktman Focused YAFFX. His son Stephen was named a comanager on both funds in December 2002. Jason Subotky, Ronald Read more

Inside Scoop

This fund's relative performance can be erratic, as its managers look for the market's unloved in building the portfolio. Its long-term returns are consistently strong, Read more

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