You can rank either by broad categories (Fund Universe Rankings), or perform research on individual funds (Individual Fund Research), adding them to your portfolio so you can maintain a central file of all the funds in which you are interested.
Keep in mind this is a broad overview designed to get you started. The user interface has many nuances and different ways to sort, rank, & analyze a portfolio of funds. The more you use it, the better acquainted you'll be, and the more useful iFundScores will be.
If you're not sure about something, send us a message & we will be in touch shortly.
Here's how to get started:
Fund Universe Ranking
Note: To begin a new search, always click on the "Search Categories" tab at the top right of the page
1. After logging in, you will see the page below. To see the best performing funds, select the "Super Category," then the "Category," Then the "Month/Year" from which you would like to measure. Then click "View."
2. Using the "Equity/US" Super Category, then choosing "Large Cap All" Category, and 5/2016 as the terminal date (i.e.- the 5-year past performance will be from that date), here are our results:
From here, you can add characteristics to measure ("Display Metrics") and change the time period ("1-year," "3-year," "5-year").
The default ranking is by the year you selected (here, it's the 5-year annualized return rank). By clicking on each heading ("Annualized Return," "Excess Return," "Standard Deviation," for example), you can easily re-sort the search results by that category.
3. Let's say you want to learn more about an individual fund in that ranking. Click on it (here, we will use the Praxis Growth Index Fund) to see more detail. Click on the ticker & the summary page will appear (below).
4. To see the full data set, change the Market Cycle from "IFS Score/History," to "5 Year." Be sure to click or tap the blue "Update" button:
5. If you like what you see, scroll to the bottom of the page and click to add to "My Portfolio":
Note that in a case where there are multiple share classes for a fund, iFundScores will only rank the share class with the longest performance record.
Individual Fund Research
1. From the homepage (see image #1 above), enter the fund's ticker in the "Search Fund" box. In this example, we'll stick with the Praxis fund and enter "MMDEX":
2. As you can see, the fund is listed twice. This is because this particular fund is listed under two different categories: "Large-Cap All" and Large-Cap Growth." If you are interested in creating a portfolio that is category-specific, then select the appropriate category.
Note that this fund could rank #5 in the "All" category, and #20 in the "Growth" Category. Just be aware of these occasional discrepancies and you'll be fine.
3. After you select the fund category you'd like to use, click on "Favorite," then "Manage Groups":
4. Here, you create your portfolios (Under "Group Name," we created "Portfolio #1" in this example), and assign your selected funds to each by selecting the portfolio in the "Group" drop-down. To see your portfolios, click on the "My Portfolio" tab at the top of the page:
5. From here, you can sort the funds by different categories, add Display Metrics (be sure to click the Update button), and change the Market Cycle. You can also export the data to Excel (the blue Excel button in the Display Metrics box).