Please click here for specific details of results we listed below.        

As of Thursday (February 28th), The MP63 Fund (DRIPX) turned 20 years old. 

        It seems like yesterday when we decided to offer a mutual fund as a way for Moneypaper subscribers to invest in a DRIP-like manner for their IRAs. Five years earlier, Executive Editor David Fish and I had put together an Index of DRIP stocks. An analysis of the performance of that Index, compared with the established Indexes, made us believe that we were onto something. In 1999, the 63 DRIP stocks that made up the Index became the components of the MP 63 Fund. David Fish and I, with the help of Mario Medina, managed the Fund until 2017 and Mario and I until now. Sadly, David passed in May 2018. Of course, we miss him and wish that he were with us to celebrate this milestone.

        Many of our shareholders have been along since the Fund’s inception in 1999.  I’m writing to you now to share information about the results we have achieved over the 20 years, which are in part a result of your behavior—that is, your resisting the urge to respond by selling during sharp market declines and by your investing regularly to add to your holdings over the years at a variety of price points.

        Thanks to the restraint and patience of our long-term investors, we have not been forced to sell into market downturns and we have been able to support the companies in our portfolio during both good times and bad. 

        Thank you for your abiding confidence in us, Mario and I hope and expect to continue to earn it.

        We are proud of what we have achieved over the 20 years, which includes the following:

• Outpacing the S&P 500® Index since our inception. 

• And doing that with less risk and volatility as seen by our lower than market Beta.

• Outpacing our Value peer group over every reporting period:

• Earning an overall 4-star Morningstar ranking for the past three years, five years, and   10 years.

• Running the fund with a lower expense ratio than its peer group.

• Maintaining a low annual portfolio turnover.

• Providing more down market protection during down periods than the S&P 500.

• Providing our investors with an increasing dividend over the past 20 years. Growing   from 6 cents in 1999 to 41 cents in 2018.

• And finally, DRIPX received the Gold Medal from Morningstar, which means that   Morningstar analysts believe that the fund has the ingredients to outperform its peers   in the future.

         In today’s uncertain and volatile environment, we think the fund will continue to be a solid investment. Past performance is not guarantee of future results.

        If you value your experience with the fund, please feel free to forward this note to those who might benefit by considering DRIPX for their core holdings.

With good wishes,
Vita and Mario

Please click here for specific details of results we listed above.

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General Mills (GIS)

Founded in 1856 and headquartered in Golden Valley, Minnesota, General Mills is a leading global manufacturer and marketer of branded consumer foods, such as ready-to-eat breakfast cereals, refrigerated dough, and other baking items, snack foods, ice cream, and yogurt. Its portfolio of well-known brands includes Cheerios, Betty Crocker, Pillsbury, Haagen-Dazs, and Yoplait. Sales outside the U.S. account for just less than one-fourth of total sales. General Mills is considered a defensive stock . . .

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Comparing MP63 Fund (DRIPX)

Since Inception in 03/01/1999

With the S&P 500

As of March 31, 2019

*The MP63 Fund is managed by Moneypaper Advisor Inc. (Vita Nelson & Mario Medina are portfolio co-managers)