Wall Street Journal/Lipper 2015 Mutual Fund Rankings Tabs Local Fund #6 in the Nation
According to the latest Lipper rankings issued by The Wall Street Journal, the Bullfinch Fund Unrestricted Series has been ranked #6 on the list of the best performing Multicap Core Funds in 2015. In its “Category Kings in 22 Realms” listing on page R6 of is quarterly report on mutual funds and ETFs, the January 11, 2016 issue of The Wall Street Journal reports the locally managed fund gained 4.4% for the year ending December 31st 2015. This compares with an average loss of 2.4% among all 727 mutual funds in this category. By comparison, the same article reports the average S&P 500 index fund to have returned only 0.8% last year (the popular benchmark itself returned 1.4%).
This marks the third time in 2015 the Bullfinch Fund Unrestricted Series was listed among the top ten Multicap Core funds out of the four quarterly reviews printed by The Wall Street Journal. The fund is headquartered in the Hamlet of Mendon and is managed by Carosa Stanton Asset Management, LLC.
“Quite frankly, I was a little surprised we ended up in the top ten, says Christopher Carosa, President of Bullfinch Fund, Inc. Carosa, who is also portfolio manager of the Unrestricted Series, adds “I always knew, given its top ten rankings in previous quarters, that the Unrestricted Series had a chance to finish the year in the top ten. But we’ve been down this road before, and there are always some funds that try year-end window-dressing shenanigans that end up ahead of us. We don’t get involved in that type of superficial investing. We’re more of a ‘steady eddy’ type, and, as in previous years, that proved to be the difference.” [Carosa is also Publisher of The Mendon-Honoeye Falls-Lima Sentinel.]
This is the fifth time since the inception of Bullfinch Fund, Inc. that one of its two series (the other being the Greater Western New York Series) has finished as a top ten annual performer in The Wall Street Journal’s year end Lipper Rankings.
