manasib

I am also the belief the MPS is roughly around 65%. Diehardvalueinvestor summed up some of the reasons well. But if you really think about it and work out some general averages for those "top 1000" you begin to realize that the agnoff method would force the average below 70%, assuming that the CFAI doesn't use Agnoff + Minimum Cutoff. It's good news in one way but in the other its potential dilution waiting to happen. I would rather have a MPS of 80%, and a fewer amount of charter holders, then an MPS of 65% and everyone grabbing a piece of the pie.