Wasatch-1st Source Income EquityFMIEX

Morningstar Rating

Fund Research and Analysis

by William Samuel Rocco

There's a distinctive style behind Wasatch-1st Source Income Equity's distinguished results.

Ralph Shive, who has been at the helm since this fund opened in 1996, takes a different tack than most large-value skippers. Unlike most of his peers, Shive Read more

Kudos

Manager uses a high-conviction approach and isn't afraid to look different than peers.

Low-turnover strategy should limit tax and trading costs.

Strong long-term record. Read more

Risks

Willingness to build atypical sector weightings courts risk and is likely to backfire from time to time.

Penchant for holding cash and other reserved traits likely to slow returns on occasion. Read more

Strategy

Manager Ralph Shive uses a low-turnover, value-oriented approach. The fund is often heavy on industrials stocks, but Shive is not shy about venturing into unloved growth stocks that are trading below Read more

Management

Ralph Shive has run this fund since late 1996. Prior to joining 1st Source (an Indiana Bank), Shive managed assets for a wealthy family in Dallas, and before that he served stints as a technology analyst at InterFirst Bank and a sell-side analyst at Read more

Inside Scoop

Manager Ralph Shive uses a free-ranging, value-oriented strategy that encompasses a variety of disciplines, including top-down thinking, bottom-up stock-picking, and risk-mitigating Read more

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