Why Invest in Clipper Fund (CFIMX)?
Clipper Fund (CFIMX) seeks to provide long-term capital growth and capital preservation. CFIMX seeks to achieve its objectives by concentrating investments in securities that, in the opinion of the adviser, are significantly undervalued. CFIMX looks for companies whose current price does not reflect the long-term intrinsic value of the business enterprise itself. Among such investments, CFIMX emphasizes on the purchase of common stock, convertible long-term corporate debt obligations, convertible preferred stock, and warrants that the adviser believes are undervalued and appear to offer the potential of furthering the fund's goal of long-term capital growth.
This Large Value product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 10.7% and 5 year 13.9%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
CFIMX’s performance, as of the last filing, when compared to funds in its category was in the top 18% over the past 1 year, and in the top 14% over the past 3 years and in the top 9% over the past 5 years.
The Clipper fund, as of the last filing, allocates their fund in top three major groups; Large Value, Large Growth and Emerging Market. Further, as of the last filing, Berkshire Hathaway Inc, Alphabet Inc and Amazon.com Inc were the top holdings for CFIMX.
This Zacks Rank #2 (Buy) was incepted in February 1984 and is managed by Clipper. CFIMX carries an expense ratio of 0.72% and requires a minimal initial investment of $2,500.
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