Rex Investment Fund is an actively managed mutual fund focused on US equities. With over $200 million in assets under management, it has a long track record dating back to 1997. This review takes a closer look at the fund’s investment strategy, historical performance, fees and other key details for investors to consider.
Seeks Long-Term Capital Appreciation with Concentrated Value Approach
The fund aims to generate long-term capital growth by investing in undervalued stocks of US companies. It takes a concentrated approach, typically holding 25-35 stocks. The fund utilizes fundamental analysis to identify companies trading at discounts to intrinsic value.
Has Outperformed S&P 500 Over Long Periods
The fund has outperformed the S&P 500 index over the 1, 3, 5, 10 and 15 year periods as of 12/31/2022. However, performance has lagged over shorter periods. The fund’s long-term outperformance highlights its potential to add value over full market cycles.
Expense Ratio Slightly Above Category Average
Rex Investment Fund has an expense ratio of 1.09%, which is slightly higher than the category average of 1.04% for large value funds. The extra fees could be justified given the fund’s long-term performance, but investors should still consider costs.
Overall, Rex Investment Fund can be a solid option for investors seeking an actively managed US equity fund with a value focus. However, the concentrated approach comes with higher risk and fees should be evaluated. Checking portfolio holdings and understanding the strategy is advised.