Quaker Strategic Growth AQUAGX

Morningstar Rating

Fund Research and Analysis

by Hilary Fazzone

Quaker Strategic Growth is a far cry from your typical large-growth fund.

This go-anywhere fund has a wide mandate. Manager Manu Daftary can invest anywhere along the market-cap spectrum, pile assets into individual sectors without limits, and hold Read more

Kudos

Manager made the most of the bull market in 1999, then turned defensive in 2000--in time to escape the clutches of the bear market.

Excellent long-term record relative to the large-growth category.

Doesn't follow the crowd. Read more

Risks

Expenses are high.

Rapid trading and large cash stakes can make performance unpredictable.

Manager admittedly pays no attention to a stock's cost basis; combined with extremely high turnover, this suggests poor tax efficiency.

Manager shorts individual stocks and buys index put options when bearish. Read more

Strategy

Manu Daftary seeks companies that are growing revenue, expanding market share, or broadening product lines. Daftary says that capital preservation is a primary concern, so he will pull back from traditional Read more

Management

Manu Daftary has run the fund since its late-1996 inception. He also has extensive experience running institutional money. Chris Perras was added as a comanager in August 2005 but left the firm at the end of 2007. Read more

Inside Scoop

This all-cap offering will go anywhere in pursuit of returns. Frequent trading takes it all over the Morningstar Style Box, from value to growth and from large-cap names Read more

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