'Rising Tide Growth' Performance vs Peers May Update

As Rising Tide Growth approaches its 1 year anniversary I have begun to track performance versus it's peer group, the "mid cap growth" category of mutual funds.

Apr 23: 'Rising Tide Growth' v Mid Cap Growth Mutual Fund Peers
May 9: 'Rising Tide Growth' Performance vs Peers April Update

The Apr 23 post has a detailed methodology breakdown.

This is still not an apples to apples comparison until we hit the July period as that will be our first year, but as each month passes we get closer to a direct comparison. With May complete we have 10 months of direct comparison and the other 2 months we assume 0% return, to reach a 12 month return.

Our general big picture goals once live is to try to finish in the top 10% of our category most years - that would place us at the very top over 3 year, 5 year, 10 year time frames. Of course that goal won't be reached every year, but have to aim high. There are about 1870 funds in this category so any finish near the top 200 or so would place you in the top 10%.

As of May 31st, Rising Tide Growth NAV was $12.24, creating a 22.4% return (we started at NAV $10.00). As always my results are kept by third party, which I link to in the left margin of the blog.

RTG Return: +22.4%
Top 25 peer range: +20.6% (1st place) to +7.4% (25th place)
Average of all peers: -0.8%

Here are the top 25 performers in the category for May 31 2008 - after a quick break last month when we fell out of the top slot, we are back to the equivalent of being the #1 "fund" in the country for our category. Barring something ridiculous we should be able to hold in the top 10 slots (the 10th best is way down at +11.9% return), as June is going very well (versus market and peers), and we only have about 5 weeks after this one to finish out "our year".

Ultimately, the goal is to be near the top of this list in the 3 year, 5 year, and 10 year categories...

[Legal Disclaimer: Rising Tide Growth fund is a hypothetical fund and in no way, shape, or form can we guarantee similar results in a similarly structured product when launched]