ASSET ALLOCATION COMEBACK.STICKING WITH A LONG-RANGE long-range adj. 1. Of, suitable for, or reaching long distances: long-range missiles. 2. Requiring or involving an extended span of time: long-range planning. FUND STRATEGY WILL BE CRITICAL IN TODAY'S INVESTING ENVIRONMENT AT A GLANCE, THE FIRST HALF OF 2000 WAS NOT EXACTLY A BONANZA Bonanza saga of the Cartwright family. [TV: Terrace, I, 111–112] See : Wild West FOR INVESTORS. THE widely-followed Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. peaked in January January: see month. (at more than 11,700), plunged in February February: see month. , recovered and retreated, only to wind up at less than 10,500, or down 9%, for the six-month period. The Nasdaq composite index Nasdaq Composite Index An index that indicates price movements of securities in the over-the-counter market. It includes all domestic common stocks in the Nasdaq System (approximately 5,000 stocks) and is weighted according to the market value of each listed , heavily weighted towards technology stocks, had its ups and downs--minus 2.5% for the first half of the year. Equally, the Standard & Poor's 500 Stock index lost less than 1%. With all the major averages coming up negative, most individual stock investors lost money. Those folks who invested their money in mutual funds--a total universe of more than 9,000--fared much better. The average domestic equity fund gained 4% in the first six months of the year, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Chicago-based Morningstar Inc. Now, the idea of earning 4% for the first half of the year may not thrill thrill (thril) a vibration felt by the examiner on palpation. diastolic thrill one felt over the precordium during ventricular diastole in advanced aortic insufficiency. you, considering the broad stock market (measured by the S&P 500) has returned nearly 11.05% per year for the past five years. However, the average return for stocks is 13.72% per year (or 6% for the first two quarters) over the last 30 years, reports Ibbotson Associates in Chicago Chicago, city, United States Chicago (shĭkä`gō, shĭkô`gō), city (1990 pop. 2,783,726), seat of Cook co., NE Ill., on Lake Michigan; inc. 1837. , which tracks historic stock data. What should rouse you is the knowledge that some mutual funds have beat the market's historic returns. In looking at the market, investors are no longer just focused on one sector--namely, tech. They are balancing their portfolio in order to gain diversification Diversification A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance. Notes: Diversification is possibly the greatest way to reduce the risk. and the highest returns. * SECTOR PLAY-BY-PLAY play-by-play adj. Being or giving a detailed running account of the action of an event, especially a sports event, as it occurs. n. A detailed commentary of an event as it unfolds. Specialty funds specialty fund See sector fund. were indeed special. Healthcare funds, which had lagged behind the market the previous four years, assumed the lead with average returns of nearly 40% by the second quarter. "There was a great deal of excitement in the biotechnology area in the first half, which helped these funds," says Christine Benz Benz , Karl Friedrich 1844-1929. German automobile pioneer credited with manufacturing the first vehicle powered with an internal-combustion engine, patented in 1886. , associate editor, Morningstar Inc. "At the same time, some of the major pharmaceutical companies performed well in the second quarter." In second place, natural resources funds gained 14% in the first half. Such funds typically hold energy stocks, which likely will profit from higher oil and gas prices: in mid- mid- pref. Middle: midbrain. 2000 a barrel of oil sold for $32.50, up from $19.68 a year earlier. Also performing were real estate funds, up nearly 13%. "A strong economy means excellent operating results and increased cash flow from real estate properties, which will lead to higher values in the long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. ," says John Kramer Kra·mer , Larry Born 1935. American writer and activist whose works include the novel Faggots (1978) and the play The Normal Heart (1985). In 1988 he founded the radical AIDS awareness group ACT UP (AIDS Coalition to Unleash Power). , president, Kensington Kensington is a district of West London, England within the Royal Borough of Kensington and Chelsea, located 2.8 miles (4.5 km) west of Charing Cross. An affluent and densely-populated area, its commercial heart is Kensington High Street and it contains the well-known museum Investment Group, Orinda, California “Orinda” redirects here. For other uses, see Orinda (disambiguation). Orinda is a city in Contra Costa County, California, United States. The population was 17,599 at the 2000 census. Orinda is a well-known community in the San Francisco Bay Area. . The company manages the Kensington Strategic Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. fund, which stood out in 1998 and 1999, zigged and zagged and wound up with an average return of more than 5% for the first half of the year--decent but not breathtaking breath·tak·ing adj. 1. Inspiring or exciting: a breathtaking view; a breathtaking ride. 2. Astonishing; astounding: breathtaking insensitivity. . The losers in the specialty funds category were clearly precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. (typically gold funds), which have been disastrous for investors since 1993; the first half of 2000 was no exception. Precious metals funds were down 15%. Financial funds fell more than 2%, with the Federal Reserve raising interest rates. Communications funds, strong performers the previous three years, dropped 4%; doubts about Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the and wireless companies impacted big names such as AT&T and Motorola. "Buy American" proved to be the best strategy. International stock funds lost more than 4% in the first half of the year. European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. funds showed a slight gain, but Latin American and Asian funds were pounded--with Japanese funds down nearly 13%. Growth funds continued their winning streak Noun 1. winning streak - a streak of wins streak, run - an unbroken series of events; "had a streak of bad luck"; "Nicklaus had a run of birdies" over value funds. Growth funds buy companies expected to post rapid gains in sales and earnings, while value funds buy out-of-favor stocks in hopes of a turnaround Turnaround A situation where a company that has had poor performance for an extended period of time experiences a positive reversal. Notes: A speculator may profit from a turnaround if he or she accurately anticipates the improvement of a poorly performing company. . Growth funds (heavily weighted in tech stocks) had decent gains in 1998 and 1999 of 7%. "The leadership enjoyed by growth funds stemmed stemmed adj. 1. Having the stems removed. 2. Provided with a stem or a specific type of stem. Often used in combination: stemmed goblets; long-stemmed roses. largely from the first quarter," says Benz. Technology stocks peaked in March, so many growth funds enjoyed a strong quarter. In the second quarter though, growth funds fell sharply." Value funds lost less ground than growth funds in the second quarter; still, they have yet to catch fire. Value funds rely heavily on financial stocks, notes Benz, "which continue to be weak." Small and medium-sized companies swept the blue chips. Funds invested in companies with the largest market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. fared worse than funds invested in small-caps and mid-caps. The "large-blend" category (not tilted tilt 1 v. tilt·ed, tilt·ing, tilts v.tr. 1. To cause to slope, as by raising one end; incline: tilt a soup bowl; tilt a chair backward. 2. to either growth or value stocks Value stocks Stocks with low price/book ratios or price/earnings ratios. Historically, value stocks have enjoyed higher average returns than growth stocks (stocks with high price/book or P/E ratios) in a variety of countries. ), which includes the popular S&P 500 index funds, eked out a bare 0.70% return in the first half. "Large-cap Large-cap A stock with a high level of capitalization, usually at least $5 billion market value. large-cap 1. Of or relating to the common stock of a big corporation that has considerable retained earnings and a large amount of funds were hurt by the poor performance of bellwether Bellwether A leading indicator of trends. Notes: A bellwether stock is a stock that is used to gauge the performance of the market in general. General Motors was an example of a bellwether stock, hence the saying "What's good for GM is good for America. stocks such as Microsoft, Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services. Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box , and Wal-Mart," says Benz. "Small- and mid-cap Mid-cap Short for "Middle Cap," mid cap refers to stocks with a market capitalization of between $2 billion to $10 billion. Notes: As the name implies, a mid-cap is in the middle of the pack. A mid-cap isn't too big, but at the same time has a relatively decent market cap. funds varied in their results. Those heavily weighted in Internet issues lagged, while those holding semiconductor and biotech bi·o·tech n. Informal Biotechnology. biotech Noun short for biotechnology Noun 1. companies did much better." For example, Janus Venture fund lost 17%, emphasizing such Internet firms as Vertical-Net and Liberate (Liberate Technologies, San Mateo, CA) A software company that specialized in the information appliance field. Formerly Network Computer, Inc. (NCI), a spin-off from Oracle in 1996, it changed its name in 1999. Technologies. Dreyfus Founders Discovery gained 20% by backing such plays as Quanta quan·ta n. Plural of quantum. Services, which makes infrastructure equipment for telecommunication telecommunication Communication between parties at a distance from one another. Modern telecommunication systems—capable of transmitting telephone, fax, data, radio, or television signals—can transmit large volumes of information over long distances. networks, and Emcore, a semiconductor supplier. * STAYING THE COURSE AND DIVERSIFYING YOUR ASSETS With all of this market volatility and changes in leadership, have mutual fund investors decided to duck for cover? Some may be hiding out, but not Judis B. Andrews Sr., an attorney in Phoenix. "I've been investing in mutual funds for more than 12 years now," he says, "and I've discovered that staying the course is the best approach, no matter how the market moves up and down in the short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. ." Andrews, 58, positions himself as a conservative investor who wants to be sure his family will be secure in case anything happens to him. "That's why I invest mostly through mutual funds," he says. "You might not make as much as you could make by picking the right individual stocks, but there's only a very slight chance that you'll lose money in the long run by investing in a well-managed mutual fund." As Andrews sees it, mutual fund investors won't get hammered ham·mered adj. 1. Shaped or worked with a metalworker's hammer and often showing the marks of these tools: a bowl of hammered brass. 2. Slang Drunk or intoxicated. Adj. as badly as investors who make poorly informed stock picks. He relies upon the expertise of the pros, "I specialize spe·cial·ize v. 1. To limit one's profession to a particular specialty or subject area for study, research, or treatment. 2. To adapt to a particular function or environment. in personal-injury law in my practice and I let mutual fund portfolio managers decide where to invest my money." Andrews, who says he'd eventually like to hunt and fish as long as he stays healthy, says that he's "in no rush to retire" now. He plans to keep working for a while and keep investing in high-quality mutual funds. Although Andrews researches some mutual funds on his own, he also relies upon leads from Raleigh Kennedy, a Phoenix accountant and financial advisor who is affiliated with First Global Capital Corp., headquartered in Dallas. "For an investor like Jay [as Andrews is known], who's about 10 years from retirement and has accumulated ac·cu·mu·late v. ac·cu·mu·lat·ed, ac·cu·mu·lat·ing, ac·cu·mu·lates v.tr. To gather or pile up; amass. See Synonyms at gather. v.intr. To mount up; increase. some assets, I generally recommend from eight to 10 funds, with the focus on equities," Kennedy says. He favors such fund families as State Street Research (its Aurora Aurora, cities, United States Aurora (ərôr`ə, ô–). 1 City (1990 pop. 222,103), Adams and Arapahoe counties, N central Colo., a growing suburb on the east side of Denver; inc. 1903. Fund is a small-cap Small-cap A stock with a small capitalization, meaning a total equity value of less than $500 million. small-cap 1. Of or relating to the common stock of a relatively small firm having little equity and few shares of common stock standout), Franklin-Templeton for municipal bonds (which pay tax-exempt interest Tax-Exempt Interest Interest income that is exempt from federal income tax. Although it is not directly taxed, this income may still be required to determine other tax calculations such as social security benefits. ), and Davis for specialty funds such as Davis Financial. Kennedy also likes Oppenheimer for domestic equity funds such as Oppenheimer Growth and Oppenheimer Main Street Growth & Income, and Oppenheimer Global fund offers international exposure. He doesn't usually recommend specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. technology funds since many diversified diversified (di·verˑ·s mutual funds have some tech holdings. Kennedy isn't too concerned with recent choppiness in the stock market. "If you have new money to invest, each price drop is a buying opportunity. The economy is doing fine and the market probably will boom when [Fed Chairman Alan] Greenspan stops raising interest rates. Rather than focus on the daily news, trying to jump around and time the market, you should pick funds carefully and stay with them for at least five years," he adds. A diversified approach to investing is advocated by Harvey Harvey, city (1990 pop. 29,771), Cook co., NE Ill., a suburb S of Chicago; inc. 1895. Its manufactures include steel castings, metal products, chemicals, machinery, and electronic equipment. Harvey has an oil research center. The city was founded by Turlington W. Hoskins, 48, a CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. in Nashville, Tennessee “Nashville” redirects here. For other uses, see Nashville (disambiguation). Nashville is the capital and the second most populous city of the U.S. state of Tennessee, after Memphis. , who has been investing regularly in two stock funds, MFS MFS Medicare fee schedule Emerging Growth and Fidelity Magellan, for many years. He practices one of the tried-and-true tenants of investing--dollar cost averaging. "I try to invest at least 10% of my income every month, so if the market goes down my money buys more shares." Hoskins says he has invested in well-managed funds that have helped pay for his children's college bills and that he expects they will help him save enough for retirement, too. "Every time I've tried to make big money overnight, I lost money instead, so I've discovered a conservative approach is better." Hoskins also invests his 401(k) money in the BlackRock family of funds Family of Funds A group of mutual funds offered by one investment or fund company. Each mutual fund has different characteristics and can range depending on investment objective. Also referred to as a "Mutual Fund Family" or simply a "Fund Family". , including BlackRock Small-Cap Growth Portfolio. * STARTING OUT SLOW AND STEADY Unlike Andrews and Hoskins, some mutual fund investors are totally green. "Before I was divorced, my husband handled all of our finances," says Sandra sandra (sänˑ·dr  ),adj Schneller, 38, who works at a university near her Chicago home. "After I became responsible for the money I wanted to do something besides leave it in the bank; but I didn't know where to start." Help came from a workplace seminar with guest speaker Eric McKissack, manager of Ariel Appreciation Fund, one of three mutual funds managed by Ariel Capital Management Inc., a Chicago-based black asset management firm. "During his presentation, [McKissack] answered a lot of my questions, going over the basics such as the difference between a bull and a bear market," says Schneller. "He told the people attending the seminar not to expect a quick turnover at a large profit and not to invest your rent money, which made a lot of sense." Mutual funds are ideal for new investors because they provide diversified holdings, professional management, and access to one's money, if needed. Schneller began investing in Ariel Fund last year and has stayed with it so far, even though she admits to being nervous about the market's volatility. "My 9-year-old son, who has taken a stock market course, invests some money in this fund, too," Schneller adds. "I think everyone should know about investing; it's never too soon to start learning." Now she is looking to diversify diversify To acquire a variety of assets that do not tend to change in value at the same time. To diversify a securities portfolio is to purchase different types of securities in different companies in unrelated industries. her portfolio and to invest in three or more mutual funds over the next couple of years. According to financial experts, you should try to allocate To reserve a resource such as memory or disk. See memory allocation. your asset mix among five or more different mutual fund categories (e.g., domestic equity, foreign, bond, large growth, small growth, large value, and small value). Ariel's money managers are value investors who look for companies with stocks trading at prices that are modest, in relation to their cash flow. Is McKissack concerned that value funds are trailing growth funds yet again? "We're patient," he says. "Value stocks are about even with growth stocks over the past 20 years. So, the events of last spring were a watershed watershed, elevation or divide separating the catchment area, or drainage basin, of one river system or group of river systems from another system or group of systems. The term is also often used synonymously with drainage basin. , marking the end of outrageous valuations in technology stocks. As such excesses are shaken
Shaken (車剣, also known as kurumaken) are a type of Shuriken out of the market, more attention may be paid to stocks selling at reasonable prices." Value stocks may be ready to leapfrog to the top or growth stocks may continue to lead for many years to come. The bottom line: by hedging your bets with a well-diversified mutual fund portfolio, you can make sure that at least some of your money is in the right place at the right time, wherever that place might be.
B.E.'S TOP MUTUAL FUND PERFORMERS
Y-T-D
TOTAL
FUND NAME TICKER RETURN(*)
Large Growth
American Eagle Capital App - 86.70
American Eagle Twenty - 68.60
StockJungle.com Intelligence SJCIX 32.39
American Capital Exchange ACEHX 30.25
Berkshire Focus BFOCX 30.10
Mid-Cap Growth
Pin Oak Aggressive Stock POGSX 33.60
Vanguard Capital Opportunity VHCOX 30.18
PBHG New Opportunities PBNOX 29.61
PBHG Select Equity PBHEX 28.33
Strong U.S. Emerging Growth SEMRX 27.26
Small Growth
Navellier Aggr Micro Cap NPMCX 52.66
Bjurman Micro-Cap Growth BMCFX 45.33
FMI Focus FMIOX 32.01
Green Century Balanced GCBLX 26.64
PBHG Strategic Small Co PSSCX 26.40
Large Blend
Value Trend Large Cap - 23.49
Kenilworth - 20.18
Buffalo USA Global BUFGX 17.97
Vanguard Primecap VPMCX 16.33
Transamerica Prem Value Inv TPVIX 15.22
Mid-Cap Blend
Papp Small & Mid-Cap Growth - 29.22
Fidelity Asset Manager: Aggr FAMRX 27.91
Alleghany/Chicago Tr Talon CHTTX 18.54
Choice Focus CHFCX 18.44
PBHG Mid Cap Value PBMCX 16.72
Small Blend
Schroder Micro Cap Inv SMCFX 80.22
Lighthouse Contrarian LGFTX 29.64
PBHG Small Cap Value PBSVX 28.12
Perritt Micro Cap Opport PRCGX 25.02
Forward Hoover Small Cap Eq FFSCX 23.63
Large Value
General Securities GSECX 23.18
GW & K Equity GWKEX 13.18
Parnassus Income Equity Inc PRBLX 11.28
Salomon Bros Investors Val O SAIFX 9.20
CRM Large Cap Value Inv CRMLX 9.00
Mid-Cap Value
PBHG Focused Value PBFVX 20.43
Pioneer Independence PINDX 17.78
Salomon Bros Capital O SACPX 17.47
Dreyfus Midcap Value DMCVX 16.26
Hotchkis & Wiley Mid-Cap HWMCX 15.28
Small Value
UAM DSI Small Cap Value DSISX 20.95
Wasatch Small Cap Value WMCVX 19.70
Royce Opportunity RYPNX 18.36
Strong Small Cap Value SSMVX 16.70
Babson Enterprise BABEX 14.46
Foreign Stock
AMIDEX35 AMDEX 29.46
Westcore Intl Frontier WTIFX 22.07
iShares MSCI Canada - 19.45
Longleaf Partners Intl LLINX 12.40
Schroder Intl Sm Comp Inv SSCIX 10.24
World Stock
American Heritage AHERX 42.31
Dessauer Global Equity DGLEX 19.47
Atlas Global Growth A AGRAX 9.23
RS Contrarian RSCOX 6.80
"Tweedy, Browne Global Value" TBGVX 5.79
U.S. Government Bond
Rydex US. Government Bond RYGBX 9.99
American Cent Lg-Trm Trs Inv BLAGX 8.99
Federated U.S. Govt Bond FEDBX 8.49
INVESCO U.S. Govt Secs Inv FBDGX 6.21
American Cent Inf-Adj Inv - 6.20
National/Municipal Bond
Excelsior Long-Term Tax-Ex UMLTX 6.85
SAFECO Insured Muni Bond SFIMX 6.75
Schwab Long-Term Tax-Fr Bond SWNTX 5.79
SAFECO Municipal Bond SFCOX 5.67
Eaton Vance Municipal Bd I EVMBX 5.39
AVG. ANNUALIZED
TOTAL RETURN
FUND NAME 3-YEAR 5-YEAR
Large Growth
American Eagle Capital App - -
American Eagle Twenty - -
StockJungle.com Intelligence - -
American Capital Exchange 25.11 26.36
Berkshire Focus - -
Mid-Cap Growth
Pin Oak Aggressive Stock 58.36 38.26
Vanguard Capital Opportunity 47.78 -
PBHG New Opportunities - -
PBHG Select Equity 62.85 48.55
Strong U.S. Emerging Growth - -
Small Growth
Navellier Aggr Micro Cap 26.76 -
Bjurman Micro-Cap Growth 45.27 -
FMI Focus 55.65 -
Green Century Balanced 30.60 25.64
PBHG Strategic Small Co 30.30 -
Large Blend
Value Trend Large Cap - -
Kenilworth 24.57 24.58
Buffalo USA Global 21.51 24.77
Vanguard Primecap 32.57 29.27
Transamerica Prem Value Inv - -
Mid-Cap Blend
Papp Small & Mid-Cap Growth - -
Fidelity Asset Manager: Aggr - -
Alleghany/Chicago Tr Talon 10.75 17.06
Choice Focus - -
PBHG Mid Cap Value 31.08 -
Small Blend
Schroder Micro Cap Inv - -
Lighthouse Contrarian -4.76 -
PBHG Small Cap Value 23.77 -
Perritt Micro Cap Opport 6.26 10.08
Forward Hoover Small Cap Eq - -
Large Value
General Securities 20.35 20.53
GW & K Equity 24.32 -
Parnassus Income Equity Inc 19.94 17.16
Salomon Bros Investors Val O 15.68 21.84
CRM Large Cap Value Inv - -
Mid-Cap Value
PBHG Focused Value - -
Pioneer Independence - -
Salomon Bros Capital O 25.75 28.41
Dreyfus Midcap Value 14.76 -
Hotchkis & Wiley Mid-Cap 10.98 -
Small Value
UAM DSI Small Cap Value - -
Wasatch Small Cap Value - -
Royce Opportunity 21.59 -
Strong Small Cap Value - -
Babson Enterprise 2.16 9.97
Foreign Stock
AMIDEX35 - -
Westcore Intl Frontier - -
iShares MSCI Canada 18.37 -
Longleaf Partners Intl - -
Schroder Intl Sm Comp Inv 27.24 -
World Stock
American Heritage -28.21 -10.66
Dessauer Global Equity 23.84 -
Atlas Global Growth A 27.79 -
RS Contrarian -9.74 -1.36
"Tweedy, Browne Global Value" 15.37 18.65
U.S. Government Bond
Rydex US. Government Bond 5.92 4.09
American Cent Lg-Trm Trs Inv 8.10 7.00
Federated U.S. Govt Bond 6.46 5.98
INVESCO U.S. Govt Secs Inv 6.41 5.87
American Cent Inf-Adj Inv 4.52 -
National/Municipal Bond
Excelsior Long-Term Tax-Ex 3.04 5.18
SAFECO Insured Muni Bond 3.79 5.48
Schwab Long-Term Tax-Fr Bond 3.56 5.03
SAFECO Municipal Bond 4.23 5.62
Eaton Vance Municipal Bd I 3.77 5.69
FUND NAME PHONE
Large Growth
American Eagle Capital App 800-335-0333
American Eagle Twenty 800-335-0333
StockJungle.com Intelligence 800-945-4957
American Capital Exchange 713-993-0500
Berkshire Focus 877-526-0707
Mid-Cap Growth
Pin Oak Aggressive Stock 888-462-5386
Vanguard Capital Opportunity 800-662-7447
PBHG New Opportunities 800-433-0051
PBHG Select Equity 800-433-0051
Strong U.S. Emerging Growth 800-368-1030
Small Growth
Navellier Aggr Micro Cap 800-887-8671
Bjurman Micro-Cap Growth 800-227-7264
FMI Focus 800-811-5311
Green Century Balanced 800-934-7336
PBHG Strategic Small Co 800-433-0051
Large Blend
Value Trend Large Cap 800-590-0898
Kenilworth 312-236-5388
Buffalo USA Global 800-492-8332
Vanguard Primecap 800-662-7447
Transamerica Prem Value Inv 800-892-7587
Mid-Cap Blend
Papp Small & Mid-Cap Growth 800-421-4004
Fidelity Asset Manager: Aggr 800-544-8888
Alleghany/Chicago Tr Talon 800-992-8151
Choice Focus 800-392-7107
PBHG Mid Cap Value 800-433-0051
Small Blend
Schroder Micro Cap Inv 800-464-3108
Lighthouse Contrarian 800-282-2340
PBHG Small Cap Value 800-433-0051
Perritt Micro Cap Opport 800-332-3133
Forward Hoover Small Cap Eq 800 999-6809
Large Value
General Securities 800-577-9217
GW & K Equity 888-495-3863
Parnassus Income Equity Inc 800 999-3505
Salomon Bros Investors Val O 800-725-6666
CRM Large Cap Value Inv 800-276-2883
Mid-Cap Value
PBHG Focused Value 800-433-0051
Pioneer Independence 800-225-6292
Salomon Bros Capital O 800-725-6666
Dreyfus Midcap Value 800-373-9387
Hotchkis & Wiley Mid-Cap 800-236-4479
Small Value
UAM DSI Small Cap Value 877-826-5465
Wasatch Small Cap Value 800-551-1700
Royce Opportunity 800-221-4268
Strong Small Cap Value 800-368-3863
Babson Enterprise 800-422-2766
Foreign Stock
AMIDEX35 888-876-3566
Westcore Intl Frontier 800-392-2673
iShares MSCI Canada 800-474-2337
Longleaf Partners Intl 800-445-9469
Schroder Intl Sm Comp Inv 800-464-3108
World Stock
American Heritage 800-828-5050
Dessauer Global Equity 508-255-1651
Atlas Global Growth A 800-933-2852
RS Contrarian 800-766-3863
"Tweedy, Browne Global Value" 800-432-4789
U.S. Government Bond
Rydex US. Government Bond 800-820-0888
American Cent Lg-Trm Trs Inv 800-345-2021
Federated U.S. Govt Bond 800-341-7400
INVESCO U.S. Govt Secs Inv 800-525-8085
American Cent Inf-Adj Inv 800-345-2021
National/Municipal Bond
Excelsior Long-Term Tax-Ex 800-446-1012
SAFECO Insured Muni Bond 800-624-5711
Schwab Long-Term Tax-Fr Bond 800-435-4000
SAFECO Municipal Bond 800-624-5711
Eaton Vance Municipal Bd I 800-225-6265
MIN. INIT. ASSETS(*)
FUND NAME INVEST. (in millions)
Large Growth
American Eagle Capital App 1000 10.6
American Eagle Twenty 1000 8.0
StockJungle.com Intelligence 500 3.4
American Capital Exchange Closed 114.6
Berkshire Focus 5000 98.3
Mid-Cap Growth
Pin Oak Aggressive Stock 2000 476.3
Vanguard Capital Opportunity Closed 5188.7
PBHG New Opportunities Closed 240.2
PBHG Select Equity 2500 1083.4
Strong U.S. Emerging Growth 2500 66.8
Small Growth
Navellier Aggr Micro Cap 2000 11.6
Bjurman Micro-Cap Growth 5000 22.6
FMI Focus 1000 99.9
Green Century Balanced 2000 43.7
PBHG Strategic Small Co 5000 64.2
Large Blend
Value Trend Large Cap 1000 1.2
Kenilworth 10000 19.2
Buffalo USA Global 2500 50.9
Vanguard Primecap Closed 22276.2
Transamerica Prem Value Inv 1000 11.0
Mid-Cap Blend
Papp Small & Mid-Cap Growth 5000 5.9
Fidelity Asset Manager: Aggr 2500 291.7
Alleghany/Chicago Tr Talon 2500 21.8
Choice Focus 2500 41.2
PBHG Mid Cap Value 2500 73.1
Small Blend
Schroder Micro Cap Inv Closed 52.5
Lighthouse Contrarian 2000 10.3
PBHG Small Cap Value 2500 119.9
Perritt Micro Cap Opport 1000 16.8
Forward Hoover Small Cap Eq 2500 66.3
Large Value
General Securities 1500 54.9
GW & K Equity 2000 85.8
Parnassus Income Equity Inc 2000 46.0
Salomon Bros Investors Val O Closed 688.1
CRM Large Cap Value Inv 10000 7.8
Mid-Cap Value
PBHG Focused Value 2500 37.1
Pioneer Independence 0 -
Salomon Bros Capital O Closed 238.1
Dreyfus Midcap Value 2500 130.7
Hotchkis & Wiley Mid-Cap 10000 9.8
Small Value
UAM DSI Small Cap Value 2500 20.9
Wasatch Small Cap Value 2000 30.3
Royce Opportunity 2000 154.5
Strong Small Cap Value 2500 139.7
Babson Enterprise 1000 112.0
Foreign Stock
AMIDEX35 2500 12.4
Westcore Intl Frontier 1000 21.6
iShares MSCI Canada 0 17.7
Longleaf Partners Intl 10000 303.7
Schroder Intl Sm Comp Inv 10000 14.5
World Stock
American Heritage 2500 4.7
Dessauer Global Equity 1000 69.9
Atlas Global Growth A 2500 114.9
RS Contrarian 5000 94.0
"Tweedy, Browne Global Value" 2500 3156.2
U.S. Government Bond
Rydex US. Government Bond 25000 26.3
American Cent Lg-Trm Trs Inv 2500 82.3
Federated U.S. Govt Bond 25000 112.2
INVESCO U.S. Govt Secs Inv 1000 70.0
American Cent Inf-Adj Inv 2500 20.4
National/Municipal Bond
Excelsior Long-Term Tax-Ex 500 111.7
SAFECO Insured Muni Bond 1000 19.4
Schwab Long-Term Tax-Fr Bond 1000 73.0
SAFECO Municipal Bond 1000 467.1
Eaton Vance Municipal Bd I 1000 82.9
(*) AS OF JULY 31, 1999. SOURCE: MORNINGSTAR INC. |
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