FSGYX - Nuveen Strategy Growth Allocation I

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Nuveen Strategy Growth Allocation I (FSGYX)
Expense Ratio: 1.01%
Expected Lifetime Fees: $30,044.67

The Nuveen Strategy Growth Allocation I fund (FSGYX) is a Aggressive Allocation fund started on 09/24/2001 and has $147.90 million in assets under management. The current manager has been running Nuveen Strategy Growth Allocation I since 11/23/1996. The fund is rated by Morningstar. This fund does not charge 12b-1 fees.

MarketRiders Prefers The Following ETF

iShares Aggressive Allocation Fund (AOA)
Expense Ratio: 0.11%
Expected Lifetime Fees: $3,595.26

The iShares Aggressive Allocation Fund (AOA) is an Exchange Traded Fund. It is a "basket" of securities that index the Aggressive Allocation investment strategy and is an alternative to a Aggressive Allocation mutual fund. Fees are very low compared to a comparable mutual fund like Nuveen Strategy Growth Allocation I because computers automatically manage the stocks.

The Following Aggressive Allocation Funds Have Lower Fees Than Nuveen Strategy Growth Allocation I (FSGYX). Why are these metrics important?
Mutual Fund Name Ticker Symbol Turnover Assets (M) Annual Fees
American Century One Choice Agrsv Inv AOGIX 11.0% 548 0.95%
Calamos Growth & Income I CGIIX 55.1% 4,300 0.83%
Columbia Thermostat Z COTZX 130.0% 387 0.90%
Davis Appreciation & Income A RPFCX 20.0% 345 0.93%
Davis Appreciation & Income Y DCSYX 20.0% 345 0.74%
Fidelity Asset Manager 85% FAMRX 20.0% 753 0.84%
Fidelity Four-in-One Index FFNOX 16.0% 2,200 0.21%
Franklin Templeton Founding Allc Adv FFAAX 3.7% 5,300 0.81%
Franklin Templeton Growth Allocation Adv FGTZX 20.2% 1,100 0.99%
Hartford Growth Allocation I HRAIX 36.0% 840 0.98%
Invesco Growth Allocation I AADIX 28.0% 834 0.91%
Janus Growth Allocation Fund Class I JGCIX 26.0% 225 0.93%
Lord Abbett Capital Structure I LAMYX 22.0% 1,000 0.95%
Nationwide Inv Dest Mod Agrsv Svc NDMSX 13.9% 1,700 0.86%
Nationwide Inv Destinations Mod Agrsv A NDMAX 13.9% 1,700 0.73%
Oppenheimer Active Allc Y OAAYX 21.0% 1,900 0.86%
Putnam Dynamic Asset Allocation: Gr Y PAGYX 98.0% 1,500 0.90%
Schwab MarketTrack Growth Investor SWHGX 17.0% 546 0.66%
T. Rowe Price Personal Strat Growth TRSGX 49.0% 1,100 0.84%
Vanguard LifeStrategy Growth Inv VASGX 22.0% 7,400 0.17%
Wells Fargo Advantage Divers Cptl Bldr I EKBYX 56.0% 497 0.78%
Wells Fargo Advantage Idx Asst Allo Adm WFAIX 18.0% 660 0.90%

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Why Are These Metrics Important?

Turnover represents how much of a mutual fund's holdings are changed over the course of a year through buying and selling. Active mutual funds have an average turnover rate of about 85%, meaning that funds are turning over nearly all of their holdings every year. A high turnover means you could make lower returns because: 1) buying and selling stocks costs money through commissions and spreads and 2) the fund will distribute yearly capital gains which increases your taxes. Look for funds with turnover rates below 50%. For comparison, ETF turnover rates average around 10% or lower.

Generally, smaller funds do better than larger ones. The more assets in a mutual fund, the lower the chance that it will beat its index. Managers outperform an index by choosing stocks that are undervalued. In order to find these undervalued stocks, the manager has to know more than his competitors to develop an "edge." There are only a finite number of stocks a mutual fund manager can reasonably analyze and actively track to gain such a competitive edge. When the fund has more assets, the manager must analyze large companies because he needs to take larger positions. Large companies are more efficiently priced in the market and it becomes increasingly difficult to get an edge.