Funds that rev up your portfolio: our list of 90 top-performing vehicles can help steer you to a promising financial future. (Mutual Fund Overview).JUST WHEN MUTUAL FUND INVESTORS THOUGHT THAT THINGS COULDN'T could·n't Contraction of could not. couldn't could not get any worse--they did! In 2001, recession and terror attacks terror attack n → atentado (terrorista) terror attack n → attentato terroristico rocked the stock market, sending U.S. stock funds to double-digit dou·ble-dig·it adj. Being between 10 and 99 percent: double-digit inflation. losses. Large-company growth funds, the ones that led the way in the 1990s bull market, suffered the heaviest losses. Last year should have been better. The economy recovered, albeit slowly, and Americans were mercifully mer·ci·ful adj. Full of mercy; compassionate: sought merciful treatment for the captives. See Synonyms at humane. mer spared from another catastrophic terrorist atrocity. Yet the stock market--and stock funds--turned in an even worse performance. During 2002, U.S. diversified diversified (di·verˑ·s stock funds lost nearly 23%, 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. Morningstar Inc. There was literally no place to hide. * Small got smaller. Even 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 value funds, which buy small-company stocks that sell at low prices compared to the company's earnings and had excelled in 2000 and 2001, lost money. * Offshore, off-balance. Foreign stock funds also fell, although their losses were smaller than those of the domestic funds. * Nothing special. Specialty funds specialty fund See sector fund. holding utility, healthcare, technology, and telecom funds dropped 24% to 43%. Tech funds now have posted three straight years of losses of more than 37%. In fact, if you had $100,000 invested in the average tech fund three years ago, your stake would be worth less than $25,000 today. BRIGHT SPOTS Only a few fund categories offered any relief: * Gold continued to gleam. The price of gold rose to nearly $350 per ounce ounce, in zoology ounce, in zoology: see leopard. ounce, unit of measurement ounce: see English units of measurement. in 2002, up about 20% compared to 2001. That was an indication of the second straight stellar year for 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. funds, gaining 38%. * Real money. Real estate funds posted a small gain, reflecting continued strength in property values. During the three-year bear market, from 2000 to 2002, real estate funds have produced annualized gains Annualized gain If stock X appreciates 1.5% in one month, the annualized gain for that stock over a twelve month period is 121.5% = 18%. Compounded over the 12 month period, the gain is (1.015)^12 -1 = 19.6%. of more than 12%, by far the best of any fund category tracked by Morningstar. * Bonds boomed. For the third straight year, bond funds blossomed while stock funds sagged. Except for junk bonds junk bond, a bond that involves greater than usual risk as an investment and pays a relatively high rate of interest, typically issued by a company lacking an established earnings history or having a questionable credit history. (which fell as defaults rose), all types of bond funds enjoyed solid gains. 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. government bond funds returned 9%, bringing the three-year annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. return to more than 11%. DOWN WITH EARNINGS Why did stock funds perform so horribly hor·ri·ble adj. 1. Arousing or tending to arouse horror; dreadful: "War is beyond all words horrible" Winston S. Churchill. 2. Very unpleasant; disagreeable. in 2002? Actually, the stock market was holding its own in the first half of the year, with the 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. near 10,500. Then stocks endured a five-month free fall that saw the Dow (Direct OverWrite) See magneto-optic disk. dip dip, in agriculture, method of treating animals (chiefly livestock) infested with skin parasites such as mites, ticks, and warbles. The animal is dipped into or forced to swim through a tank filled with an insecticide solution. below 7,500 before rallying a bit in the fourth quarter. Was this midyear mid·year n. 1. The middle of the calendar or academic year. 2. a. An examination given in the middle of a school year. b. midyears A series of such examinations. plunge The term Plunge has multiple meanings:
adj. Apparent; ostensible. n. Outward appearance; semblance. seem  ing·ly adv. weekly terrorist alerts and corporate
scandals A corporate scandal is a scandal involving allegations of unethical behavior by people acting within or on behalf of a corporation. A corporate scandal sometimes involves accounting fraud of some sort. have destabilized investor confidence," maintains Anthony
Ogorek, a financial planner Financial PlannerA qualified investment professional who assists individuals and corporations meet their long-term financial objectives by analyzing the client's status and setting a program to achieve these goals. in Williamsville, New York Williamsville is a village in Erie County, New York in the United States. The population was 5,573 at the 2000 census. The village is named after Jonas Williams, an early settler. . "However, stock prices fell primarily due to poor earnings, not these more publicized pub·li·cize tr.v. pub·li·cized, pub·li·ciz·ing, pub·li·ciz·es To give publicity to. Adj. 1. publicized - made known; especially made widely known publicised factors." Improved earnings, then, could break a three-year losing streak streak Colour of a mineral in its powdered form, usually obtained by rubbing the mineral on a hard, white surface (e.g., a tile of unglazed porcelain) to yield a streak of fine powder. , the first such activity since 1939-1941 at the end of the Great Depression. On the eve On the Eve (Накануне in Russian) is the third novel by famous Russian writer Ivan Turgenev, best known for his short stories and the novel Fathers and Sons. of America's entry into World War II, U.S. stocks had a three-year annualized loss of 7.4%. By comparison, the annualized loss in the 21st century so far is more than 11%. Stock funds may have reached a point where there's more upside Upside The potential dollar amount by which the market or a stock could rise. Notes: This is basically an educated guess on how high a stock could go in the near future. See also: Bull, Downside than downside--assuming no further bad news rattles rattles vernacular for purulent bronchopneumonia in foals with pneumonia caused by Rhodococcus equi; name derived from the moist, loud crackles heard on auscultation of the lungs. Wall Street in 2003. "The base is slowly being built for the beginning of a gradual The Gradual (Latin: graduale, sometimes called the Grail) is a chant in the extraordinary form of the Roman Catholic Mass, sung after the reading or singing of the Epistle and before the Alleluia, or, during penitential seasons, before the Tract. move towards the next bull market," asserts Jerry Jer·ry n. pl. Jer·ries Chiefly British Slang A German, especially a German soldier. [Alteration of German. Wade, a financial planner in Minneapolis Minneapolis (mĭn'ēăp`əlĭs), city (1990 pop. 368,383), seat of Hennepin co., E Minn., at the head of navigation on the Mississippi River, at St. Anthony Falls; inc. 1856. . On the other side of the equation, bond funds may have reached a peak--Wade suggests that Treasury bonds might be in a "bubble A bit in bubble memory or a symbol in a bubble chart. stage." Bond prices rise when interest rates fall, and rates are now at their lowest levels in decades. If rates inch up, bond prices will fall, as was the case in 1994 and 1999. With this backdrop Backdrop may refer to:
n/v 1. a recovery from illness. n 2. an outbreak of fresh reflex activity after withdrawal of a stimulus rebound adjective ? Or do you bet on bond funds, which have rewarded investors recently? One guide that can help you make such investment decisions is our list of the top 90 mutual funds, ranked by their one-year adj. 1. completing its life cycle within a year. Adj. 1. one-year - completing its life cycle within a year; "a border of annual flowering plants" annual phytology, botany - the branch of biology that studies plants average return--all of which have outperformed the S&P 500 in 2002 (see chart). It'll it'll Contraction of it will. it'll it will or it shall it'll will help you make smart investment moves regardless of your stage in life. TAKING IT EASIER After 26 years with the local phone company, working his way up the ranks to a management position, Richard Ri·chard , Joseph Henri Maurice Known as "Rocket." 1921-2000. Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a Vaughn Vaughn may refer to:
The purchase of a company or a controlling interest of a corporation's shares. Notes: A leveraged buyout is accomplished with borrowed money or by issuing more stock. offer and retired last year so he could devote more time to his antique car An antique car is generally defined as a car over 25 years of age, this being the definition used by the Antique Automobile Club of America and many other organizations worldwide. However, the legal definition for the purpose of antique vehicle registration varies widely. collection. "Not only that, I decided against taking a pension," says Vaughn, 47. "Instead, I took a lump sum Lump sum A large one-time payment of money. , which I rolled into an IRA Ira, in the Bible Ira (ī`rə), in the Bible. 1 Chief officer of David. 2, 3 Two of David's guard. IRA, abbreviation IRA. ." Vaughn hopes to let his IRA build until age 59 1/2, when he can withdraw funds without paying a 10% penalty tax. "I lost money in 2002," he says, "but my losses were less than the market's. Over the next 12 years, I think I'll I'll Contraction of I will. I'll I will or I shall I'll will ~shall do better than I would have if I had taken a pension." Arnetta Tolley Tolley can refer to: People
1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and at the Pasadena Pasadena (păs'ədē`nə). 1 City (1990 pop. 131,591), Los Angeles co., S Calif., at the base of the San Gabriel Mts.; inc. 1866. office of Edward Jones Edward, Eddie, or Ed Jones is the name of: Edward Jones:
Please [ improve this article] or discuss the issue on the talk page. firm based in St. Louis--helped Vaughn put together a diversified portfolio. "About one third is invested in cash and other fixed-income vehicles," she says. "That includes Lord Abbett Bond-Debenture Fund, which mixes high-quality and investment-grade bonds Investment-grade bonds A bond that is assigned a rating in the top four categories by commercial credit rating companies. S&P classifies investment-grade bonds as BBB or higher, and Moody's classifies investment grade bonds as BAA or higher. Related: High-yield bond. ." Cited by Morningstar for its "excellent risk-reward profile," this fund recently yielded nearly 9%. The other two thirds of Vaughn's portfolio consists of stock funds, including two Van Kampen Van Kampen may refer to:
v. af·fil·i·at·ed, af·fil·i·at·ing, af·fil·i·ates v.tr. 1. To adopt or accept as a member, subordinate associate, or branch: (LAFFX), a value fund with a 10-year return of more than 11% per year. "Growth funds have been performing at a negative recently," says Tolley, "so this may be a good time to pick up quality investments at a low price. Stock prices already reflect bad news, but we think there's a lot of good news on the horizon: low inflation, low interest rates, and relatively low unemployment." Having a balanced portfolio helped Vaughn keep his losses to about 9% last year, compared to the broad U.S. stock market's 20% drop. He's he's 1. Contraction of he is: He's going to school today. 2. Contraction of he has: He's already been to the museum. poised for a favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. recovery in 2003. BUILDING UP Robin Curry also has a long-term approach to investing, but 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. events will have an impact on her goals. "I have a new marriage and a new home," says Curry, 35, an executive with a family-run construction company in Yorba Linda, California Yorba Linda is a community in Orange County, California, approximately 13 miles northeast of Downtown Santa Ana, and 40 miles southeast of Downtown Los Angeles. As of the 2000 census, the city had a total population of 58,918. . "We're we're Contraction of we are. we're we are investing as much as we can now in an annuity annuity: see insurance. annuity Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. and a regular investment account, besides my company's retirement plan. If we can earn 8% per year, the money will double every nine years and I'll have more than three doubles by the time I plan to retire." Curry's portfolio includes growth funds such as MFS MFS Medicare fee schedule Emerging Growth (MFEGX), Transamerica Premier Equity Investor (TEQUX), Oppenheimer Op·pen·hei·mer , J(ulius) Robert 1902-1967. American physicist who directed the Los Alamos, New Mexico, laboratory during the development of the first atomic bomb (1942-1945). Noun 1. Growth (OPIGX), and Janus Janus, in astronomy Janus (jā`nəs), in astronomy, one of the named moons, or natural satellites, of Saturn. Also known as Saturn X (or S10), Janus is an irregularly shaped (nonspherical) body measuring about 122 mi (196 km) by 119 mi (JANSX). She also holds value funds such as Alliance Growth & Income (CABDX) and Fidelity Fidelity is a notion that at its most abstract level implies a truthful connection to a source or sources. Its original meaning dealt with loyalty and attentiveness to one's duty to a lord or a king, in a broader sense than the related concept of fealty. Advisor Equity Income (FEIAX), as well as Templeton Templeton self-centered rat. [Children’s Lit.: Charlotte’s Web] See : Egotism Foreign (TEMFX). STARTING OVER "In my late 40s, I ran into an unfortunate situation," recalls Dr. Allen Al·len , Edgar 1892-1943. American anatomist who is noted for his studies of hormones and for the discovery (1923) of estrogen. Knox. "I went through a divorce, my practice declined--I had to regroup re·group v. re·grouped, re·group·ing, re·groups v.tr. To arrange in a new grouping. v.intr. 1. To come back together in a tactical formation, as after a dispersal in a retreat. ." Knox, now 53, found a position as chief dentist dentist /den·tist/ (den´tist) a person with a degree in dentistry and authorized to practice dentistry. den·tist n. A person who is trained and licensed to practice dentistry. for the correctional cor·rec·tion n. 1. The act or process of correcting. 2. Something offered or substituted for a mistake or fault: made corrections in the report. 3. a. facilities in Cook County, Illinois Cook County is a county located in the U.S. state of Illinois. As of 2000, the population was 5,376,741, making it the second largest county by population in the United States (after Los Angeles County, California), and accounting for 43. , which includes 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. . "I got my financial affairs in order and I began to invest inside my employer's 457 retirement plan and on the outside as well," he says. "I may have to work for another 15 years, or even longer, but I want to be able to retire some day." Outside his employer's plan, Knox invests in George Putnam George Putnam may refer to:
Boston, town (1991 pop. 26,495), E central England, on the Witham River. Boston's fame as a port dates from the 13th cent., when it was a Hanseatic port trading wool and wine. Having recovered from a decline in the 18th and 19th cent. (PGEOX), a balanced fund Balanced Fund A mutual fund that invests its assets into the money market, bonds, preferred stock, and common stock with the intention to provide both growth and income. Also known as an asset allocation fund. that holds both stocks and bonds. Inside his 457 plan, Knox holds pure equity funds such as Putnam Put·nam , Israel 1718-1790. American soldier active in the French and Indian War and the Revolutionary War. During the Battle of Bunker Hill (June 17, 1775), he supposedly issued the order, "Don't one of you shoot until you see the whites of their Voyager Voyager, airplane Voyager, the first airplane to circumnavigate the earth nonstop on a single load of fuel. Designed by Burt Rutan and flown by Dick Rutan and Jeana Yeager, Voyager took off from California on Dec. (PVOYX) and Fidelity Magellan A disk management utility for PCs from Lotus that had its heyday in the late 1980s. Believed by many to be one of the top 10 utility programs of all time, Magellan searched for file names and indexed the text content of the PC's hard drive at lightning speed. (FMAGX). This year, Knox is thinking about investing in a specialty healthcare fund, a field that is destined des·tine tr.v. des·tined, des·tin·ing, des·tines 1. To determine beforehand; preordain: a foolish scheme destined to fail; a film destined to become a classic. 2. for profit growth as baby boomers See generation X. age and technology advances. Funds under consideration are Putnam Health Sciences (PHSTX) and AIM Global Health Care (GGHCX) (formerly known as GT Global Health Care). Knox plans to stabilize stabilize See peg. his finances as the economy recovers. Like thousands of other investors, 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. will serve as the key to future growth.
B.E.'s Top Mutual Fund Performers
FUND NAME SYMBOL
LARGE Rydex Arktos Inv RYAIX
GROWTH Potomac OTC/Short POTSX
Toews Nasdaq 100 Hedged Index Inv TONIX
Bear Stearns Alpha Growth Portfolio A BSFAX
Marsico 21st Century MXXIX
MID-CAP Millennium Growth MGFQX
GROWTH Millennium Growth & Income MGIQX
Liberty Acorn Twenty Z ACTWX
Dreyfus Premier New Leaders A DNLDX
Osterweis OSTFX
SMALL FBR Small-Cap Value A FBRVX
GROWTH Hennessy Cornerstone Growth HFCGX
Neuberger Berman Fasciano Inv NBFSX
Baron Small Cap BSCFX
USAA Small-Cap Stock USCAX
LARGE ProFunds UltraShort OTC Inv USPIX
BLEND ProFunds UltraBear Inv URPIX
Rydex Ursa Inv RYURX
ProFunds Bear Inv BRPIX
Potomac U.S./Short PSPSX
MID-CAP Hussman Strategic Growth HSGFX
BLEND Fairholme Fund FAIRX
Fidelity Leveraged Company Stock FLVCX
Fidelity Advisor Leveraged Co Stock T FLSTX
Fort Pitt Capital Total Return Fund FOO9AB
SMALL Potomac Small-Cap/Short POSSX
BLEND Bridgeway Ultra-Small Co Tax Advant BRSIX
Perritt Micro-Cap Opportunities PRCGX
Hancock Horizon Burkenroad A HHBUX
SAFECO Small Company Value Inv SFSCX
LARGE Fidelity Advisor Fifty T FFYTX
VALUE Rydex Consumer Products Inv RYCIX
Parnassus Income Equity Income PRBLX
Clipper CFIMX
SunAmerica Value B SSVBX
MID-CAP Yacktman Focused YAFFX
VALUE Yacktman YACKX
Federated Market Opportunity A FMAAX
RS Contrarian RSCOX
Huntington Dividend Capture Tr HDCTX
SMALL Royce Special Equity RYSEX
VALUE FMC Strategic Value FOOO2P
N/I Numeric Investors Small-Cap Value NISVX
Aegis Value AVALX
RS Partners RSPFX
DOMESTIC Prudent Bear BEARX
HYBRID Comstock Capital Value A DRCVX
AXA Rosenberg Global LongShort Eq I MSMNX
Grizzly Short Fund GRZZX
Permanent Portfolio PRPFX
FOREIGN First Eagle Overseas A SGOVX
STOCK Tocqueville Intl Value TIVFX
Quant Foreign Value Ord QFVOX
Artisan Intl Small-Cap Inv ARTJX
AIM Intl Emerging Gr A IEGAX
WORLD Van Kampen Global Franchise A VGFAX
STOCK Polaris Global Value PGVFX
Oakmark Global I OAKGX
Vanguard Global Equity VHGEX
American Funds Capital World G/I A CWGIX
LONG American Century Target Mat 2030 Inv ACTAX
GOVERNMENT American Century Target Mat 2020 Inv BTTTX
American Century Target Mat 2025 Inv BTTRX
American Century Target Mat 2015 Inv BTFTX
American Century Target Mat 2010 Inv BTTNX
SHORT Fidelity Intermediate Government FSTGX
GOVERNMENT Federated U.S. Govt: 2-5 Yr Instl FIGTX
Northern U.S. Government NOUGX
Managers Intermediate Duration Govt MGIDX
Heritage Intermediate Government A HRLGX
INTERMEDIATE Earnest Partners Fixed Income IVFTX ([dagger])
BONUS Parnassus Income Fixed-Income PRFIX
Mason Street Select Bond A MBDAX
Expedition Investment Grade Bd Inv A SBGIX
Payden Core Bond A PYCBX
MUNI First Investors Insured Interm T/E A FIITX
NATIONALS First Investors Insured Tax-Ex II A EIITX
State Farm Tax Advantaged Bond A SFTAX
Schwab Long-Term Tax-Free Bond SWNTX
Old Westbury Municipal Bond OWMBX
CORPORATE Lebenthal Taxable Municipal Bond F0000S
BONUS Vanguard Long-Term Bond Index VBLTX
Sextant Bond Income SBIFX
Vanguard Long-Term Corporate Bond VWESX
Earnest Partners Fixed Income IVFTX
MONEY TIAA-CREF Money Market Instl TCIXX
MARKETS Janus Money Market Inv JAMXX
Merrill Lynch Premier Instl MLPXX
Janus Government Money Market Inv JAGXX
Vanguard Admiral Treasury Money Mkt VUSXX
AVG. ANNUALIZED
TOTAL RETURN *
FUND NAME 1-YEAR 3-YEAR
LARGE Rydex Arktos Inv 35.46 24.43
GROWTH Potomac OTC/Short 32.56 19.07
Toews Nasdaq 100 Hedged Index Inv -5.25 N/A
Bear Stearns Alpha Growth Portfolio A -10.26 -7.31
Marsico 21st Century -10.45 N/A
MID-CAP Millennium Growth -1.09 -35.53
GROWTH Millennium Growth & Income -7.35 -29.74
Liberty Acorn Twenty Z -7.81 3.60
Dreyfus Premier New Leaders A -11.55 -4.58
Osterweis -11.67 -5.08
SMALL FBR Small-Cap Value A 2.63 7.48
GROWTH Hennessy Cornerstone Growth -4.71 4.01
Neuberger Berman Fasciano Inv -8.67 -100
Baron Small Cap -9.66 -7.80
USAA Small-Cap Stock -10.93 -11.35
LARGE ProFunds UltraShort OTC Inv 48.56 12.73
BLEND ProFunds UltraBear Inv 38.11 27.43
Rydex Ursa Inv 22.23 18.64
ProFunds Bear Inv 20.92 17.18
Potomac U.S./Short 17.92 13.05
MID-CAP Hussman Strategic Growth 14.02 N/A
BLEND Fairholme Fund -1.58 15.27
Fidelity Leveraged Company Stock -1.77 N/A
Fidelity Advisor Leveraged Co Stock T -2.03 N/A
Fort Pitt Capital Total Return Fund -4.40 N/A
SMALL Potomac Small-Cap/Short 13.61 3.61
BLEND Bridgeway Ultra-Small Co Tax Advant 4.90 9.40
Perritt Micro-Cap Opportunities 0.46 12.79
Hancock Horizon Burkenroad A -0.73 N/A
SAFECO Small Company Value Inv -3.76 1.70
LARGE Fidelity Advisor Fifty T -0.69 N/A
VALUE Rydex Consumer Products Inv -3.58 -6.54
Parnassus Income Equity Income -3.69 4.05
Clipper -5.51 12.70
SunAmerica Value B -6.58 1.29
MID-CAP Yacktman Focused 14.39 12.82
VALUE Yacktman 11.41 14.73
Federated Market Opportunity A 1.51 N/A
RS Contrarian 1.38 0.86
Huntington Dividend Capture Tr -0.04 N/A
SMALL Royce Special Equity 15.32 20.59
VALUE FMC Strategic Value 2.44 15.62
N/I Numeric Investors Small-Cap Value 1.44 20.72
Aegis Value 1.35 18.35
RS Partners 1.23 15.81
DOMESTIC Prudent Bear 62.87 31.64
HYBRID Comstock Capital Value A 35.93 21.64
AXA Rosenberg Global LongShort Eq I 22.39 N/A
Grizzly Short Fund 15.46 N/A
Permanent Portfolio 14.36 7.92
FOREIGN First Eagle Overseas A 12.53 7.80
STOCK Tocqueville Intl Value 1.56 -9.75
Quant Foreign Value Ord 0.07 -3.62
Artisan Intl Small-Cap Inv -1.34 N/A
AIM Intl Emerging Gr A -2.68 N/A
WORLD Van Kampen Global Franchise A 6.60 10.92
STOCK Polaris Global Value 3.82 -0.02
Oakmark Global I -2.11 10.83
Vanguard Global Equity -5.61 -4.29
American Funds Capital World G/I A -7.15 -3.64
LONG American Century Target Mat 2030 Inv 28.66 N/A
GOVERNMENT American Century Target Mat 2020 Inv 27.35 17.90
American Century Target Mat 2025 Inv 27.25 17.99
American Century Target Mat 2015 Inv 26.79 17.33
American Century Target Mat 2010 Inv 23.49 16.44
SHORT Fidelity Intermediate Government 10.23 9.49
GOVERNMENT Federated U.S. Govt: 2-5 Yr Instl 9.92 9.47
Northern U.S. Government 9.54 8.92
Managers Intermediate Duration Govt 8.64 8.80
Heritage Intermediate Government A 8.61 8.46
INTERMEDIATE Earnest Partners Fixed Income 12.59 9.72
BONUS Parnassus Income Fixed-Income 12.20 9.22
Mason Street Select Bond A 11.73 10.66
Expedition Investment Grade Bd Inv A 11.72 9.98
Payden Core Bond A 11.52 10.47
MUNI First Investors Insured Interm T/E A 12.54 8.99
NATIONALS First Investors Insured Tax-Ex II A 12.30 10.23
State Farm Tax Advantaged Bond A 11.64 N/A
Schwab Long-Term Tax-Free Bond 10.93 10.00
Old Westbury Municipal Bond 10.89 9.18
CORPORATE Lebenthal Taxable Municipal Bond 14.45 12.87
BONUS Vanguard Long-Term Bond Index 14.35 12.99
Sextant Bond Income 13.59 10.74
Vanguard Long-Term Corporate Bond 13.22 11.51
Earnest Partners Fixed Income 12.59 9.72
MONEY TIAA-CREF Money Market Instl 1.81 4.08
MARKETS Janus Money Market Inv 1.73 3.84
Merrill Lynch Premier Instl 1.72 4.11
Janus Government Money Market Inv 1.71 3.78
Vanguard Admiral Treasury Money Mkt 1.69 3.93
AVG.
ANNUALIZED
TOTAL
RETURN *
FUND NAME 5-YEAR
LARGE Rydex Arktos Inv N/A
GROWTH Potomac OTC/Short -19.28
Toews Nasdaq 100 Hedged Index Inv N/A
Bear Stearns Alpha Growth Portfolio A 6.05
Marsico 21st Century N/A
MID-CAP Millennium Growth 0.02
GROWTH Millennium Growth & Income N/A
Liberty Acorn Twenty Z N/A
Dreyfus Premier New Leaders A 2.77
Osterweis 11.17
SMALL FBR Small-Cap Value A 7.46
GROWTH Hennessy Cornerstone Growth 9.95
Neuberger Berman Fasciano Inv 2.00
Baron Small Cap 6.47
USAA Small-Cap Stock N/A
LARGE ProFunds UltraShort OTC Inv N/A
BLEND ProFunds UltraBear Inv -2.39
Rydex Ursa Inv 3.45
ProFunds Bear Inv 2.58
Potomac U.S./Short -1.01
MID-CAP Hussman Strategic Growth N/A
BLEND Fairholme Fund N/A
Fidelity Leveraged Company Stock N/A
Fidelity Advisor Leveraged Co Stock T N/A
Fort Pitt Capital Total Return Fund N/A
SMALL Potomac Small-Cap/Short N/A
BLEND Bridgeway Ultra-Small Co Tax Advant 11.07
Perritt Micro-Cap Opportunities 4.76
Hancock Horizon Burkenroad A N/A
SAFECO Small Company Value Inv -1.21
LARGE Fidelity Advisor Fifty T N/A
VALUE Rydex Consumer Products Inv N/A
Parnassus Income Equity Income 8.96
Clipper 10.82
SunAmerica Value B 2.30
MID-CAP Yacktman Focused 3.21
VALUE Yacktman 4.78
Federated Market Opportunity A N/A
RS Contrarian -0.91
Huntington Dividend Capture Tr N/A
SMALL Royce Special Equity N/A
VALUE FMC Strategic Value N/A
N/I Numeric Investors Small-Cap Value N/A
Aegis Value N/A
RS Partners 3.23
DOMESTIC Prudent Bear 2.87
HYBRID Comstock Capital Value A 0.36
AXA Rosenberg Global LongShort Eq I N/A
Grizzly Short Fund N/A
Permanent Portfolio 5.64
FOREIGN First Eagle Overseas A 11.34
STOCK Tocqueville Intl Value 0.44
Quant Foreign Value Ord N/A
Artisan Intl Small-Cap Inv N/A
AIM Intl Emerging Gr A N/A
WORLD Van Kampen Global Franchise A N/A
STOCK Polaris Global Value N/A
Oakmark Global I N/A
Vanguard Global Equity 3.85
American Funds Capital World G/I A 5.76
LONG American Century Target Mat 2030 Inv N/A
GOVERNMENT American Century Target Mat 2020 Inv 9.29
American Century Target Mat 2025 Inv 9.67
American Century Target Mat 2015 Inv 9.60
American Century Target Mat 2010 Inv 9.89
SHORT Fidelity Intermediate Government 7.26
GOVERNMENT Federated U.S. Govt: 2-5 Yr Instl 7.13
Northern U.S. Government 6.87
Managers Intermediate Duration Govt 6.78
Heritage Intermediate Government A 6.53
INTERMEDIATE Earnest Partners Fixed Income 7.36
BONUS Parnassus Income Fixed-Income 5.93
Mason Street Select Bond A 7.54
Expedition Investment Grade Bd Inv A 7.23
Payden Core Bond A 7.32
MUNI First Investors Insured Interm T/E A 6.38
NATIONALS First Investors Insured Tax-Ex II A 7.21
State Farm Tax Advantaged Bond A N/A
Schwab Long-Term Tax-Free Bond 5.55
Old Westbury Municipal Bond N/A
CORPORATE Lebenthal Taxable Municipal Bond 8.08
BONUS Vanguard Long-Term Bond Index 8.28
Sextant Bond Income 7.34
Vanguard Long-Term Corporate Bond 7.26
Earnest Partners Fixed Income 7.36
MONEY TIAA-CREF Money Market Instl N/A
MARKETS Janus Money Market Inv 4.21
Merrill Lynch Premier Instl 4.60
Janus Government Money Market Inv 4.21
Vanguard Admiral Treasury Money Mkt 4.34
MINIMUM
INITIAL
FUND NAME INVESTMENT
LARGE Rydex Arktos Inv $ 25,000
GROWTH Potomac OTC/Short 10,000
Toews Nasdaq 100 Hedged Index Inv 10,000
Bear Stearns Alpha Growth Portfolio A 1,000
Marsico 21st Century 2,500
MID-CAP Millennium Growth 2,500
GROWTH Millennium Growth & Income 2,500
Liberty Acorn Twenty Z 1,000
Dreyfus Premier New Leaders A 1,000
Osterweis 100,000
SMALL FBR Small-Cap Value A 2,000
GROWTH Hennessy Cornerstone Growth 2,500
Neuberger Berman Fasciano Inv 1,000
Baron Small Cap 2,000
USAA Small-Cap Stock 3,000
LARGE ProFunds UltraShort OTC Inv 15,000
BLEND ProFunds UltraBear Inv 15,000
Rydex Ursa Inv 25,000
ProFunds Bear Inv 15,000
Potomac U.S./Short 10,000
MID-CAP Hussman Strategic Growth 1,000
BLEND Fairholme Fund 2,500
Fidelity Leveraged Company Stock 10,000
Fidelity Advisor Leveraged Co Stock T 10,000
Fort Pitt Capital Total Return Fund 2,500
SMALL Potomac Small-Cap/Short 10,000
BLEND Bridgeway Ultra-Small Co Tax Advant 2,000
Perritt Micro-Cap Opportunities 1,000
Hancock Horizon Burkenroad A 1,000
SAFECO Small Company Value Inv 2,500
LARGE Fidelity Advisor Fifty T 2,500
VALUE Rydex Consumer Products Inv 25,000
Parnassus Income Equity Income 2,000
Clipper 5,000
SunAmerica Value B 500
MID-CAP Yacktman Focused 2,500
VALUE Yacktman 2,500
Federated Market Opportunity A 1,500
RS Contrarian 5,000
Huntington Dividend Capture Tr 1,000
SMALL Royce Special Equity 2,000
VALUE FMC Strategic Value 10,000
N/I Numeric Investors Small-Cap Value 3,000
Aegis Value 10,000
RS Partners 5,000
DOMESTIC Prudent Bear $ 2000
HYBRID Comstock Capital Value A 2,500
AXA Rosenberg Global LongShort Eq I 1,000,000
Grizzly Short Fund 10,000
Permanent Portfolio 1,000
FOREIGN First Eagle Overseas A 1,000
STOCK Tocqueville Intl Value 1,000
Quant Foreign Value Ord 2,500
Artisan Intl Small-Cap Inv 1,000
AIM Intl Emerging Gr A 500
WORLD Van Kampen Global Franchise A 1,000
STOCK Polaris Global Value 2,500
Oakmark Global I 1,000
Vanguard Global Equity 3,000
American Funds Capital World G/I A 250
LONG American Century Target Mat 2030 Inv 2,500
GOVERNMENT American Century Target Mat 2020 Inv 2,500
American Century Target Mat 2025 Inv 2,500
American Century Target Mat 2015 Inv 2,500
American Century Target Mat 2010 Inv 2,500
SHORT Fidelity Intermediate Government 2,500
GOVERNMENT Federated U.S. Govt: 2-5 Yr Instl 25,000
Northern U.S. Government 2,500
Managers Intermediate Duration Govt 1,000
Heritage Intermediate Government A 1,000
INTERMEDIATE Earnest Partners Fixed Income 50,000
BONUS Parnassus Income Fixed-Income 2,000
Mason Street Select Bond A 1,000
Expedition Investment Grade Bd Inv A 1,000
Payden Core Bond A 5,000
MUNI First Investors Insured Interm T/E A 1,000
NATIONALS First Investors Insured Tax-Ex II A 1,000
State Farm Tax Advantaged Bond A 250
Schwab Long-Term Tax-Free Bond 2,500
Old Westbury Municipal Bond 1,000
CORPORATE Lebenthal Taxable Municipal Bond 2,500
BONUS Vanguard Long-Term Bond Index 3,000
Sextant Bond Income 1,000
Vanguard Long-Term Corporate Bond 3,000
Earnest Partners Fixed Income 50,000
MONEY TIAA-CREF Money Market Instl 1,500
MARKETS Janus Money Market Inv 2,500
Merrill Lynch Premier Instl 10,000,000
Janus Government Money Market Inv 2,500
Vanguard Admiral Treasury Money Mkt 50,000
FUND NAME PHONE
LARGE Rydex Arktos Inv 800-820-0888
GROWTH Potomac OTC/Short 800-851-0511
Toews Nasdaq 100 Hedged Index Inv 866-778-6397
Bear Stearns Alpha Growth Portfolio A 800-766-4111
Marsico 21st Century 888-860-8686
MID-CAP Millennium Growth 800-535-9169
GROWTH Millennium Growth & Income 800-535-9169
Liberty Acorn Twenty Z 800-322-2847
Dreyfus Premier New Leaders A 800-373-9387
Osterweis 866-236-0050
SMALL FBR Small-Cap Value A 888-888-0025
GROWTH Hennessy Cornerstone Growth 800-966-4354
Neuberger Berman Fasciano Inv 800-877-9700
Baron Small Cap 800-992-2766
USAA Small-Cap Stock 800-382-8722
LARGE ProFunds UltraShort OTC Inv 888-776-3637
BLEND ProFunds UltraBear Inv 888-776-3637
Rydex Ursa Inv 800-820-0888
ProFunds Bear Inv 888-476-3637
Potomac U.S./Short 800-851-0511
MID-CAP Hussman Strategic Growth 800-487-7626
BLEND Fairholme Fund 866-202-2263
Fidelity Leveraged Company Stock 800-544-8888
Fidelity Advisor Leveraged Co Stock T 800-522-7297
Fort Pitt Capital Total Return Fund 866-688-8771
SMALL Potomac Small-Cap/Short 800-851-0511
BLEND Bridgeway Ultra-Small Co Tax Advant 800-661-3550
Perritt Micro-Cap Opportunities 800-332-3133
Hancock Horizon Burkenroad A 888-346-6300
SAFECO Small Company Value Inv 800-426-6730
LARGE Fidelity Advisor Fifty T 800-522-7297
VALUE Rydex Consumer Products Inv 800-820-0888
Parnassus Income Equity Income 800-999-3505
Clipper 800-776-5033
SunAmerica Value B 800-858-8850
MID-CAP Yacktman Focused 800-525-8258
VALUE Yacktman 800-525-8258
Federated Market Opportunity A 800-341-7400
RS Contrarian 800-766-3863
Huntington Dividend Capture Tr 800-253-0412
SMALL Royce Special Equity 800-221-4268
VALUE FMC Strategic Value 877-362-4099
N/I Numeric Investors Small-Cap Value 800-686-3742
Aegis Value 800-528-3780
RS Partners 800-766-3863
DOMESTIC Prudent Bear 888-778-2327
HYBRID Comstock Capital Value A 800-422-3554
AXA Rosenberg Global LongShort Eq I 800-555-5737
Grizzly Short Fund 800-273-6886
Permanent Portfolio 800-531-5142
FOREIGN First Eagle Overseas A 800-334-2143
STOCK Tocqueville Intl Value 800-697-3863
Quant Foreign Value Ord 800-326-2151
Artisan Intl Small-Cap Inv 800-344-1770
AIM Intl Emerging Gr A 800-959-4246
WORLD Van Kampen Global Franchise A 800-421-5666
STOCK Polaris Global Value 888-263-5594
Oakmark Global I 800-625-6275
Vanguard Global Equity 800-662-7447
American Funds Capital World G/I A 800-421-4120
LONG American Century Target Mat 2030 Inv 800-345-2021
GOVERNMENT American Century Target Mat 2020 Inv 800-345-2021
American Century Target Mat 2025 Inv 800-345-2021
American Century Target Mat 2015 Inv 800-345-2021
American Century Target Mat 2010 Inv 800-345-2021
SHORT Fidelity Intermediate Government 800-544-8888
GOVERNMENT Federated U.S. Govt: 2-5 Yr Instl 800-341-7400
Northern U.S. Government 800-595-9111
Managers Intermediate Duration Govt 800-835-3879
Heritage Intermediate Government A 800-421-4184
INTERMEDIATE Earnest Partners Fixed Income 800-525-3863
BONUS Parnassus Income Fixed-Income 800-999-3505
Mason Street Select Bond A 888-627-6678
Expedition Investment Grade Bd Inv A 800-992-2085
Payden Core Bond A 800-572-9336
MUNI First Investors Insured Interm T/E A 800-423-4026
NATIONALS First Investors Insured Tax-Ex II A 800-423-4026
State Farm Tax Advantaged Bond A 800-447-0740
Schwab Long-Term Tax-Free Bond 800-435-4000
Old Westbury Municipal Bond 800-607-2200
CORPORATE Lebenthal Taxable Municipal Bond 800-211-5822
BONUS Vanguard Long-Term Bond Index 800-662-7447
Sextant Bond Income 800-728-8762
Vanguard Long-Term Corporate Bond 800-662-7447
Earnest Partners Fixed Income 800-525-3863
MONEY TIAA-CREF Money Market Instl 800-223-1200
MARKETS Janus Money Market Inv 800-525-8983
Merrill Lynch Premier Instl 800-225-1576
Janus Government Money Market Inv 800-525-8983
Vanguard Admiral Treasury Money Mkt 800-622-7447
SOURCE: MORNINGSTAR INC. * AS OF DEC. 31, 2002.
([dagger]) ALSO LISTED AS PART OF CORPORATE BONDS.
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