high-fee outperformers, funds that charge higher-than-average expense ratios but have achieved above-average results using the investment firm's Premium Fund Screener
] and Yacktman
] all have funds worth noticing, according to Morningstar. Those funds are:
Wasatch International Growth
This fund charges a 166 basis point expense ratio, but this small cap has had a 4.5 percent average annual return since Roger Edgley
started running the fund in 2006.
Weitz Partners Value
This fund is a good long-term performer despite its 120 basis point fee vis-a-vis the 80 basis point average for the large blend category. This $700 million fund, run by PM Wally Weitz
since 1983, has been in the top-quartile returns in the one-, three-, five- and 10- year periods.
At a 125 basis point expense ratio, which is higher than that of its peers, this fund has made it to the top 1 percent of large-value funds. PMs Donald Yacktman
, Stephen Yacktman
, and Jason Subotky
prefer companies with strong cash flows and low debt, as well as those sold at discounts compared to what the PMs think they are worth.
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