Time for tech? As YouTube continues to generate buzz and Google trades at near $500 per share, the tech sector may be ready to regain market leadership.INVESTORS WHO RETREATED TO THE SIDELINES Sidelines Hypothetical position referring to noninvolvement in a stock; merely watching. FOLLOWING the dot-com bust Refers to the years 2000 to 2002, when the bottom fell out of the dot-com industry and hundreds of dot-com companies went bankrupt. All the rest lost a huge amount, if not almost all, of their stock valuation. See dot-com bubble. , may soon want to re-enter re·en·ter also re-en·ter v. re·en·tered, re·en·ter·ing, re·en·ters v.tr. 1. To enter or come in to again. 2. To record again on a list or ledger. v.intr. the game. "There are lots of exciting developments in technology today," says Ralph Wells, who has some 35% of his portfolio in technology. "They are not just in TV and telecom, but also in new areas such as nanotechnology nanotechnology: see micromechanics. nanotechnology Manipulation of atoms, molecules, and materials to form structures on the scale of nanometres (billionths of a metre). . I like to have some technology in my portfolio." Indeed, the money managers and financial advisers we spoke with echo Wells" comments. pointing to several trends and new product announcements that should drive tech spending in the coming months. Some of the trends that will play out are the continued mainstream adoption of fiat-panel televisions as well as the growing use of streaming video A one-way video transmission over a data network. It is widely used on the Web as well as company networks to play video clips and video broadcasts. Computers in home networks stream video to digital media hubs connected to a home theater. . What's more, the rollout of Microsoft's new operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. , Windows Vista The current version of Windows for the desktop. It was released in late 2006 for businesses and early 2007 for consumers. Vista adds numerous features, including improved security and advanced multimedia capabilities. , the launch of Apple Inc.'s iPhone, and the debut of Yahoo's new Panama Panama, country, Central America Panama (păn`əmä'), Span. Panamá, officially Republic of Panama, republic (2005 est. pop. search platform are expected to have a trickle-down effect This article discusses a marketing phenomenon. For the political term see trickle-down economics. The trickle-down effect is a marketing phenomenon that affects many consumer goods, including new technology and fashion. . While Wells and other tech-minded investors may be ready for a tech revival, it's it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have important to maintain some perspective. Though the tech-heavy 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 has climbed steadily since last summer, it closed at 2,415.29 at the end of last year, which is still less than half of the high-water mark high-water mark n. 1. Abbr. HWM A mark indicating the highest level reached by a body of water. 2. The highest point, as of achievement; the apex. reached seven years ago. And this is at a time when 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. continues its string of record-high closes. These lean years for technology stocks have naturally stunned stun tr.v. stunned, stun·ning, stuns 1. To daze or render senseless, by or as if by a blow. 2. To overwhelm or daze with a loud noise. 3. mutual funds in the tech sector. In 2006, 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 returned about 7%, 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. fund tracker Morningstar. That was well below the norm for all domestic equity funds, which gained more than 12%, Still, it's an improvement compared with its five-year average 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 of less than 2% through Jan. 31 by far the worst performance of any stock-fund category followed by Morningstar. In the past five years, investors prospered in gold, real estate, oil, foreign stocks, small caps See Small capital , and value issues-investment categories that continued to lead the way in 2006. All the while, tech stocks have crawled along, far behind other sectors. A dollar invested in the average gold fund five years ago would be worth around $3.71 now; in real estate, a dollar would have grown to about $2.04. But in tech funds? You'd you'd 1. Contraction of you had. 2. Contraction of you would. you'd you had or you would you'd have ~would now have another nickel nickel, metallic chemical element; symbol Ni; at. no. 28; at. wt. 58.69; m.p. about 1,453°C;; b.p. about 2,732°C;; sp. gr. 8.902 at 25°C;; valence 0, +1, +2, +3, or +4. to keep your dollar company. Part of tech's allure, however, is the phenomenal returns this sector produced in years past particularly in the late 1990s. According to Morningstar, tech funds returned 48.07% in 1995, 54.75% in 1998, and a stellar 119.90% in 1999. But will tech turn around in 2007? Denita Gardner-Walker of Landenberg, Pennsylvania Landenberg, Pennsylvania is located in southern Chester County and is bordered by the states of Delaware and Maryland. It is, essentially, a post office address that covers parts of New Garden, London Britain and Franklin Townships. , certainly hopes so. A self-employed self-em·ployed adj. Earning one's livelihood directly from one's own trade or business rather than as an employee of another. self sales director for Mary Kay Mary Kay is a brand of skin care and color cosmetics sold by Mary Kay Inc. Mary Kay World Headquarters is located in the Dallas suburb of Addison, Texas. Mary Kay Ash (d. November 22, 2001) founded Mary Kay Inc. on Friday, September 13, 1963. cosmetics cosmetics, preparations externally applied to change or enhance the beauty of skin, hair, nails, lips, and eyes. The use of body paint for ornamental and religious purposes has been common among primitive peoples from prehistoric times (see body-marking). , she has owned Wadder & Reed Advisors Science and Technology fund (UNSCX UNSCX Waddell and Reed Science and Technology Fund (science and technology; mutual fund symbol) ) for more than 10 years. With a degree in chemical engineering, she has remained steadfast in her belief in technology, and in technology investing. "I've I've Contraction of I have. I've I have I've have seen a lot of growth in my port folio (1) Text management software for the professional reference publishing market from Fast Search & Transfer, Oslo, Norway and Boston, MA (www.fastsearch.com). Known as FAST Folio since its acquisition in 2004 from NextPage, Inc. and a good deal of that has come from this fund," she says. "I'm I'm Contraction of I am. Our Living Language Speakers of some scattered varieties of American English sometimes use I'm instead of I've or I have in present perfect constructions, as in not at all disillusioned dis·il·lu·sion tr.v. dis·il·lu·sioned, dis·il·lu·sion·ing, dis·il·lu·sions To free or deprive of illusion. n. 1. The act of disenchanting. 2. The condition or fact of being disenchanted. by the investment results of the past few years," says Gardner-Walker. "Dollar-cost averaging dollar-cost averaging Investment of a fixed amount of money at regular intervals, usually each month. This process results in the purchase of extra shares during market downturns and fewer shares during market upturns. has come in handy Verb 1. come in handy - be useful for a certain purpose be - have the quality of being; (copula, used with an adjective or a predicate noun); "John is rich"; "This is not a good answer" ." That is, she and her husband Perry, a management consultant, both invest similar amounts at regular intervals. Therefore, Gardner-Walker has bought some shares of her technology fund when tech stocks were high and some when they were low. Over the long term, this approach will lower the average cost-per-share and boost potential gains. As Denita and Perry are both in their 40s, they intend to be long-term investors Long-term investor A person who makes investments for a period of at least five years in order to finance his or her long-term goals. as they put away money for their 10-year-old son Brandon's education and their own retirement. "Technology is certainly one of the more dynamic and innovative parts of the economy," says Jeffrey Rottinghaus, manager of the T. Rowe Price T. Rowe Price (NASDAQ: TROW) is an independent global investment management firm and mutual fund manager based in Baltimore, Maryland. It was founded in 1937 by Thomas Rowe Price, Jr.. T. Global Technology fund (PRGTX) and the T. Rowe Price Developing Technology fund (PRDTX). "A lot of professional investors have a shorter-term horizon. As an individual investor, if you have a mutual fund, you can take a longer-term approach." That's precisely the outlook recommended by Wilbert The name Wilbert is a male given name. It derives from Germanic words meaning "will-bright", whose Old English version would have been Willbēorht. It may refer to:
A person who has passed examinations accredited by the Certified Financial Planner Board of Standards, showing that the person is able to manage a client's banking, estate, insurance, investment, and tax affairs. in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. who is affiliated with AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group Financial Advisors. "I insist that my clients commit to hold their funds for longer than five years," he says. ADVISABLE ad·vis·a·ble adj. Worthy of being recommended or suggested; prudent. ad·vis  a·bil ALLOCATIONS
So far, dollar-cost-averaging in her specialized tech fund has paid off for Gardner-Walker. With the Science and Technology fund generating average returns of almost 14% for the last 10 years, her holdings in the tech fund are now roughly one-third of her Wadell & Reed portfolio, says Marilyn Marilyn can refer to:
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. and shift some funds to the Waddell & Reed Advisors Dividend Income A fund (WDVAX), a large-blend fund that has less than 10% of its assets in technology stocks. "Generally, my clients will have a 5% to 15% allocation The apportionment or designation of an item for a specific purpose or to a particular place. In the law of trusts, the allocation of cash dividends earned by a stock that makes up the principal of a trust for a beneficiary usually means that the dividends will be treated as to the Science and Technology fund," says Broussard, "depending on their temperament temperament, in music, the altering of certain intervals from their acoustically correct values to provide a system of tuning whereby music can move from key to key without unacceptably impure sonorities. ." GOING FOR GROWTH Of course, a sector fund is a way to get concentrated exposure to technology. But many diversified funds Diversified Fund A type of investment fund that contains a wide array of securities and is adequately diversified. A mutual fund classified as a "diversified fund" will actively maintain a high level of diversification in its holdings, thus reducing the amount of risk in the fund, have significant tech holdings as well. For instance, Broussard also recommends the Waddell & Reed Adv Vanguard Vanguard Any of three unmanned U.S. experimental satellites. Vanguard I (1958), the second U.S. satellite placed in orbit around Earth (after Explorer 1), was a tiny 3.25-lb (1.47-kg) sphere with two radio transmitters. A fund (UNVGX), which holds a mix of 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 growth stocks, nearly 38% of which were information technology stocks as of Dec. 31, 2006. "When I look across the investment landscape, seeking fast-growing adj. 1. tending to spread quickly; - used mostly of plants. Adj. 1. fast-growing - tending to spread quickly; "an aggressive tumor" strong-growing, aggressive , innovative companies with sustainable competitive advantages, I find many in the tech sector," says Conrad Herrmann, portfolio manager of the Franklin Flex A development system for Flash-based applications from Adobe. Introduced in 2004 as a J2EE application, Flex compiles ActionScript code and XML-based user interface descriptions (MXML) into binary Flash files (SWF files). Cap Growth A fund (FKCGX). Hermnann says that his multi-cap growth fund is currently overweight Overweight Refers to an investment position that is larger than the generally accepted benchmark. Notes: For example, if a company normally holds a portfolio whose weighting of cash is 10%, and then increases cash holdings to 15%, the portfolio would have an overweight in technology, at about 35% of its assets. Karen Karen Any member of a variety of tribal peoples of southern Myanmar (Burma). Constituting the second largest minority in Myanmar, the Karen are not a unitary group in any ethnic sense, as they differ among themselves linguistically, religiously, and economically. Dolan Dolan is a surname, and the following people:
n. 1. Lack of experience. 2. Lack of the knowledge gained from experience. in managers," she notes. FOLLOWING THE SMART MONEY At present, some managers with outstanding 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. records at diversified funds are putting more technology stocks into their portfolios. "Bill Miller at Legg Mason Founded in 1899, Legg Mason, Inc. (NYSE: LM) is a leading Global Asset Management Firm that serves the institutional, mutual fund and wealth management markets. The firm is headquartered in Baltimore, Maryland, and is located on Lombard and Charles Streets in the Legg Mason Value Fund and Bill Nygren of Oakmark Select, for example, have been scooping up tech stocks that have had tough going, such as Dell, eBay (eBay, Inc., San Jose, CA, www.ebay.com) The major auction service on the Web. eBay popularized the concept of buying and selling online, and both individuals and commercial enterprises list items for sale. , Intel, and Yahoo," says Dolan. The current attraction of tech stocks, according to Dolan, stems from a combination of relatively low valuations and strong fundamentals. "Today's technology companies have slimmed down, cut costs, and cleaned up their balance sheets since the 1990s." She points to semiconductor manufacturer Analog Devices Analog Devices (NYSE: ADI) is an American multinational producer of semiconductor devices. Analog specializes in ADC, DAC, MEMS, and DSP chips for consumer and industrial goods. Analog is presently designing circuits in the 65 nanometer to 3 µm process feature sizes range. and communications equipment provider Coming Inc. as good examples of companies that have become more financially sound since the tech sector slumped. Another observer who's upbeat on tech is John Blood, vice president of investments at Commonwealth Financial Network in Waltham, Massachusetts One of the early centers of the Industrial Revolution in northern America, Waltham is a city in Middlesex County, Massachusetts, United States. The population was 59,226 at the 2000 census. . "Many corporations have a great deal of cash on their balance sheets," he says. "They are likely to use that cash for capital spending capital spending Spending for long-term assets such as factories, equipment, machinery, and buildings that permits the production of more goods and services in future years. and that spending may be largely on technology." That is, cash-rich companies will invest in systems and equipment to keep productivity up in an increasingly competitive economy. More spending on technology, in turn, is likely to benefit stocks in that sector. "Pricing power Pricing Power An economic term referring to the effect that a change in a firm's product price has on the quantity demanded of that product. Pricing power ties in with the "Price Elasticity of Demand. is coming back at some technology companies," says Lincoln Lincoln, city and district, England Lincoln, city (1991 pop. 79,980) and district, Lincolnshire, E England, in the Parts of Kesteven, on the Witham River. Anderson Anderson, river, Canada Anderson, river, c.465 mi (750 km) long, rising in several lakes in N central Northwest Territories, Canada. It meanders north and west before receiving the Carnwath River and flowing north to Liverpool Bay, an arm of the Arctic , chief investment officer and chief economist The Chief Economist is a single position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of responsibility encompassing the at LPL Financial  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . Services in Boston. If tech companies can command higher prices, they may enjoy plumper plump 1 adj. plump·er, plump·est 1. Well-rounded and full in form; chubby. See Synonyms at fat. 2. Abundant; ample: a plump reward. v. profits and return to favor on Wall Street. BALANCING ACT Even if an upturn is in the cards, Dolan is not recommending that investors load up on tech-heavy funds. "The signs are pointing in the direction of a tech comeback Comeback Australian breed of wool sheep, bred by crossing Merino with Corriedale, Polwarth or Zenith sheep; wool is 21 to 25 microns. It is a registered breed, but the term is more commonly used in the sense of a type of sheep produced by crossbreeding a crossbred Merino back to Merino. ," she says, "but if and when that will happen is unknown. Your best approach might be to rebalance your portfolio by cutting back on your value funds which have performed very well and increasing your growth funds, including those holding technology companies." Portfolio rebalancing Rebalancing The process of realigning the weightings of one's portfolio of assets. Notes: For example, if your portfolio's proportion of stock has grown too large for your intended assets weightings and risk tolerance, you might rebalance by selling some stock and putting is also urged by Anderson. "It's time It's Time was a successful political campaign run by the Australian Labor Party (ALP) under Gough Whitlam at the 1972 election in Australia. Campaigning on the perceived need for change after 23 years of conservative (Liberal Party of Australia) government, Labor put forward a to worry about your winners," he says. "Assets that have had big runs can shift in the other direction." All the areas that have been leaders recently, including foreign stocks and 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. and small caps, may be riskier now than they were five years ago. THINK BIG Large-cap technology stocks currently look "pretty attractive," to Rottinghaus. He notes that toward the end of an economic cycle when interest rates are relatively high, smaller companies have more difficulty accessing the funds they may need to grow their business. Larger companies Hill have the capital to withstand the effects of a slowing economy. Along those lines, small caps may be in for a year of slower growth, compared with the giant firms in the S&P 500 Index, according to Anderson. "Nasdaq might do even better than the S&P 500," he says, "because of strength in technology." HOME RUNS Just as investors might do well to move some money from 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 to large-cap hinds Hinds may refer to: People with the surname Hinds:
Selling some part of a stock or bond position in a portfolio to realize capital gains or to losses or increase cash assets. lighten up on funds holding foreign stocks. Anderson believes that some of the money now flowing into foreign stocks, after five straight years of outperformance, stems from the momentum of investors who are chasing what's been hot rather than investors who are weighing the fundamentals of the stocks. Of course with technology, investors never know what's next. But for Ralph and Cheryl Wells, it's a growing nest egg Nest Egg A special sum of money saved or invested for one specific future purpose. Notes: Examples of the purposes for which nest eggs are usually intended include retirement, education, and even entertainment (vacations and cruises). to fund their retirement and the education expenses of their children Amari, 12, and Evan, 7. "Some areas of technology are little known but may eventually become important, just as the 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 became suddenly popular," says Wells, a project manager for a large technology firm in Dallas. "Take the area of content management, for example. Companies such as Disney may want to target certain demographics The attributes of people in a particular geographic area. Used for marketing purposes, population, ethnic origins, religion, spoken language, income and age range are examples of demographic data. for specific products. Wireless technology will make this possible--this is an area that might really take off."
B.E.'S TOP 100 FUND PERFORMERS
1-YR 3-YR
CATEGORY FUND NAME TICKER RETURN % RETURN %
Technology Jacob Internet JAMFX 16.24 19.44
Matthews Asian
Technology MATFX 21.29 17.92
Royce Technology
Value Service RYTVX 8.53 -1.26
Waddell & Reed Adv
Science & Tech A UNSCX 7.57 13.57
T. Rowe Price Global
Technology PRGTX 10.00 10.38
Diversified T. Rowe Price Em Eur
Emerging Mkts & Mediterranean TREMX 34.74 40.70
Quant Emerging
Markets Ord QFFOX 31.50 29.28
Excelsior Emerging
Markets UMEMX 33.79 30.95
Evergreen Emerging
Markets Growth A EMGAX 46.21 31.68
RS Emerging
Markets A GBEMX 35.79 32.87
Foreign Large Fidelity Canada FICDX 15.04 22.16
Blend AllianceBernstein
Intl Growth A AWPAX 25.04 22.88
Rochdale Atlas RIMAX 33.26 25.65
Phoenix Foreign
Opportunities A JVIAX 29.30 24.48
Henderson Intl
Opportunities A HFOAX 28.03 21.49
Foreign Large Janus Overseas JAOSX 47.21 32.21
Growth Marsico International
Opportunities MIOFX 23.95 20.01
Columbia Marsico Intl
Opp A MAIOX 23.34 19.92
Fidelity Advisor
Diversified Intl A FDVAX 16.60 18.20
Forward International
Equity FFINX 34.40 21.29
Foreign Large Quant Foreign Value
Value Ord QFVOX 31.03 24.69
DFA Intl Value II DIVTX 34.42 26.02
AllianceBernstein
Intl Val A ABIAX 34.18 24.94
Dodge & Cox
International Stock DODFX 28.01 25.56
Thomas White
International TWWDX 31.80 25.84
Large Blend CGM Focus CGMFX 14.95 17.42
Janus Contrarian JSVAX 24.58 21.01
Tocqueville TOCQX 17.05 14.05
MassMutual Select
Focused Value A MFVAX 19.65 11.11
Fidelity Advisor
Industrials A FCLAX 14.86 16.63
Large Growth Columbia Marsico
21st Century A NMTAX 18.53 15.99
Marsico 21st Century MXXIX 18.65 16.10
Amana Trust Growth AMAGX 15.41 19.51
Legg Mason Growth
Trust Primary LMGTX 0.62 3.45
Fidelity Fifty FFTYX 11.13 9.83
Large Value Pioneer Cullen
Value A CVFCX 16.63 14.71
Hillman Focused
Advantage HCMAX 12.30 16.09
Hancock Horizon
Value A HHGAX 18.03 17.31
Yacktman Focused YAFFX 16.13 7.83
Yacktman YACKX 15.95 7.96
Mid-Cap Blend RS Value A RSVAX 16.37 18.89
Kinetics Paradigm WWNPX 27.81 21.52
Hodges HDPMX 17.77 19.78
Fidelity Select
Defense & Aerospace FSDAX 20.66 19.36
Empiric Core
Equity A ** EMCAX 11.03 13.58
Mid-Cap FBR Small Cap FBRVX 28.49 19.76
Growth Baron Partners BPTRX 21.55 25.54
Delaware American
Services A DASAX 14.84 14.01
Legg Mason
Opportunity Prim LMOPX 13.41 11.25
Thornburg Core
Growth A THCGX 18.10 18.50
Technology Fidelity Select
Software & Comp FSCSX 24.92 10.39
Wasatch Global
Science &
Technology WAGTX 15.95 9.01
Turner New Enterprise TBTBX 9.32 10.72
RS Internet Age A RIAFX 2.45 6.51
Henderson Global
Technology A HFGAX 10.36 10.62
Mid-Cap Value ICON Materials ICBMX 19.46 20.82
Phoenix Mid-Cap
Value A FMIVX 26.30 17.88
Delafield DEFIX 20.38 15.53
Fidelity Value FDVLX 15.09 16.81
Wells Fargo Advantage
Mid Cap Dis Inv SMCDX 18.27 15.65
Moderate Bruce BRUFX 17.72 25.84
Allocation ING T. Rowe Price Cap
Apprec S ITCSX 14.64 12.93
T. Rowe Price Capital
Appreciation PRWCX 14.54 12.16
Delaware Dividend
Income A DDIAX 19.65 10.69
American Funds Inc
Fund of Amer A AMECX 20.29 11.99
Small Blend Bridgeway Ultra-Small
Company Market BRSIX 1.48 11.70
Pacific Advisors
Small Cap A PASMX 35.05 26.08
Gartmore Small Cap A GSXAX 29.16 25.78
Keeley Small Cap
Value KSCVX 19.55 22.66
Pacific Capital Small
Cap A PCSAX 17.53 16.17
Small Growth Royce Value Plus
Service RYVPX 19.35 20.09
Baron Small Cap BSCFX 11.83 13.96
UMB Scout Small Cap UMBHX 12.07 13.86
Baron Growth BGRFX 15.50 15.62
Excelsior Small Cap UMLCX 16.35 13.59
Small Value James Small Cap JASCX 12.49 15.13
Heartland Value HRTVX 28.02 12.52
Tamarack Micro Cap
Value S TMVSX 21.69 17.35
Northern Small Cap
Value NOSGX 20.28 16.80
Royce Opportunity Inv RYPNX 18.76 13.50
Natural U.S. Global Investors
Resources Global Res PSPFX 22.19 33.40
Jennison Natural
Resources B PRGNX 20.55 32.50
RS Global Natural
Resources A RSNRX 8.11 27.38
Van Eck Global Hard
Assets C GHACX 21.98 30.04
Ivy Global Natural
Resources A IGNAX 25.79 27.61
Precious U.S. Global Investors
Metals WrldPrecMineral UNWPX 52.30 26.26
U.S. Global Investors
Gold Shares USERX 50.19 23.11
USAA Precious Metals
and Minerals USAGX 43.19 21.19
Van Eck Intl
Investors Gold A INIVX 45.23 22.03
Evergreen Precious
Metals B EKWBX 35.43 19.47
Real Estate CGM Realty CGMRX 9.01 30.46
Alpine International
Real Estate EGLRX 38.74 30.35
Strategic Partners
Real Estate Sec A PURAX 35.95 30.09
ING Global Real
Estate A IGLAX 40.42 29.72
Phoenix Real Estate
Securities A PHRAX 36.27 27.58
World Stock Polaris Global Value PGVFX 24.57 19.40
Oakmark Global I OAKGX 24.18 17.59
Templeton Global
Smaller Comp A TEMGX 24.30 19.12
Delaware Global
Value A DABAX 28.61 22.46
Vanguard Global
Equity VHGEX 23.43 18.33
MINIMUM
5-YR INITIAL
CATEGORY FUND NAME RETURN % PURCHASE
Technology Jacob Internet 24.42 2,500
Matthews Asian
Technology 15.24 2,500
Royce Technology
Value Service 9.72 2,000
Waddell & Reed Adv
Science & Tech A 7.20 500
T. Rowe Price Global
Technology 7.75 2,500
Diversified T. Rowe Price Em Eur
Emerging Mkts & Mediterranean 37.35 2,500
Quant Emerging
Markets Ord 30.44 2,500
Excelsior Emerging
Markets 28.34 500
Evergreen Emerging
Markets Growth A 28.23 1,000
RS Emerging
Markets A 28.02 5,000
Foreign Large Fidelity Canada 21.53 2,500
Blend AllianceBernstein
Intl Growth A 20.29 2,500
Rochdale Atlas 19.73 1,000
Phoenix Foreign
Opportunities A 18.25 500
Henderson Intl
Opportunities A 18.06 500
Foreign Large Janus Overseas 19.19 2,500
Growth Marsico International
Opportunities 17.68 2,500
Columbia Marsico Intl
Opp A 17.40 2,500
Fidelity Advisor
Diversified Intl A 16.16 2,500
Forward International
Equity 15.95 4,000
Foreign Large Quant Foreign Value
Value Ord 23.55 2,500
DFA Intl Value II 22.41 2,000,000 *
AllianceBernstein
Intl Val A 22.13 2,500
Dodge & Cox
International Stock 20.78 2,500
Thomas White
International 19.22 2,500
Large Blend CGM Focus 17.25 2,500
Janus Contrarian 15.69 2,500
Tocqueville 12.59 1,000
MassMutual Select
Focused Value A 12.33 0
Fidelity Advisor
Industrials A 12.27 2,500
Large Growth Columbia Marsico
21st Century A 15.90 2,500
Marsico 21st Century 15.83 2,500
Amana Trust Growth 11.34 250
Legg Mason Growth
Trust Primary 10.46 1,000
Fidelity Fifty 9.86 2,500
Large Value Pioneer Cullen
Value A 13.92 1,000
Hillman Focused
Advantage 13.90 5,000
Hancock Horizon
Value A 13.87 1,000
Yacktman Focused 13.69 2,500
Yacktman 13.27 2,500
Mid-Cap Blend RS Value A 23.11 5,000
Kinetics Paradigm 20.39 2,500
Hodges 17.95 250
Fidelity Select
Defense & Aerospace 16.96 2,500
Empiric Core
Equity A ** 15.49 5,000
Mid-Cap FBR Small Cap 20.78 2,000
Growth Baron Partners 16.82 2,000
Delaware American
Services A 15.22 1,000
Legg Mason
Opportunity Prim 14.33 1,000
Thornburg Core
Growth A 13.90 5,000
Technology Fidelity Select
Software & Comp 6.83 2,500
Wasatch Global
Science &
Technology 6.72 2,500
Turner New Enterprise 6.69 2,500
RS Internet Age A 6.66 5,000
Henderson Global
Technology A 6.62 500
Mid-Cap Value ICON Materials 16.11 1,000
Phoenix Mid-Cap
Value A 15.22 500
Delafield 14.86 5,000
Fidelity Value 14.23 2,500
Wells Fargo Advantage
Mid Cap Dis Inv 13.93 2,500
Moderate Bruce 29.42 1,000
Allocation ING T. Rowe Price Cap
Apprec S 12.63 0 *
T. Rowe Price Capital
Appreciation 12.22 2,500
Delaware Dividend
Income A 11.10 1,000
American Funds Inc
Fund of Amer A 10.97 250
Small Blend Bridgeway Ultra-Small
Company Market 21.27 2,000
Pacific Advisors
Small Cap A 20.01 1,000
Gartmore Small Cap A 19.13 2,000
Keeley Small Cap
Value 18.67 1,000
Pacific Capital Small
Cap A 17.34 1,000
Small Growth Royce Value Plus
Service 21.58 2,000
Baron Small Cap 13.17 2,000
UMB Scout Small Cap 12.50 1,000
Baron Growth 12.30 2,000
Excelsior Small Cap 11.93 500
Small Value James Small Cap 18.00 2,000
Heartland Value 16.50 5,000
Tamarack Micro Cap
Value S 16.31 1,000
Northern Small Cap
Value 16.16 2,500
Royce Opportunity Inv 15.97 2,000
Natural U.S. Global Investors
Resources Global Res 41.03 5,000
Jennison Natural
Resources B 30.40 2,500
RS Global Natural
Resources A 28.02 5,000
Van Eck Global Hard
Assets C 26.81 1,000
Ivy Global Natural
Resources A 25.93 500
Precious U.S. Global Investors
Metals WrldPrecMineral 48.05 5,000
U.S. Global Investors
Gold Shares 41.41 5,000
USAA Precious Metals
and Minerals 38.60 3,000
Van Eck Intl
Investors Gold A 38.05 1,000
Evergreen Precious
Metals B 37.02 1,000
Real Estate CGM Realty 34.24 2,500
Alpine International
Real Estate 29.54 1,000
Strategic Partners
Real Estate Sec A 28.17 2,500
ING Global Real
Estate A 26.28 1,000
Phoenix Real Estate
Securities A 26.02 500
World Stock Polaris Global Value 21.05 2,500
Oakmark Global I 18.85 1,000
Templeton Global
Smaller Comp A 18.78 1,000
Delaware Global
Value A 18.46 1,000
Vanguard Global
Equity 17.71 3,000
CATEGORY FUND NAME PHONE
Technology Jacob Internet 888-522-6239
Matthews Asian
Technology 800-789-2742
Royce Technology
Value Service 800-221-4268
Waddell & Reed Adv
Science & Tech A 800-366-5465
T. Rowe Price Global
Technology 800-638-5660
Diversified T. Rowe Price Em Eur
Emerging Mkts & Mediterranean 800-638-5660
Quant Emerging
Markets Ord 800-326-2151
Excelsior Emerging
Markets 800-446-1012
Evergreen Emerging
Markets Growth A 800-343-2898
RS Emerging
Markets A 800-343-0817
Foreign Large Fidelity Canada 800-343-3548
Blend AllianceBernstein
Intl Growth A 800-227-4618
Rochdale Atlas 800-245-9888
Phoenix Foreign
Opportunities A 800-243-1574
Henderson Intl
Opportunities A 866-343-6337
Foreign Large Janus Overseas 800-525-0020
Growth Marsico International
Opportunities 888-860-8686
Columbia Marsico Intl
Opp A 800-321-7854
Fidelity Advisor
Diversified Intl A 877-208-0098
Forward International
Equity 800-999-6809
Foreign Large Quant Foreign Value
Value Ord 800-326-2151
DFA Intl Value II 310-395-8005
AllianceBernstein
Intl Val A 800-221-5672
Dodge & Cox
International Stock 800-621-3979
Thomas White
International 800-811-0535
Large Blend CGM Focus 800-343-5678
Janus Contrarian 800-525-0020
Tocqueville 800-697-3863
MassMutual Select
Focused Value A 888-309-3539
Fidelity Advisor
Industrials A 877-208-0098
Large Growth Columbia Marsico
21st Century A 800-321-7854
Marsico 21st Century 888-860-8686
Amana Trust Growth 800-728-8762
Legg Mason Growth
Trust Primary 800-822-5544
Fidelity Fifty 800-343-3548
Large Value Pioneer Cullen
Value A 800-225-6292
Hillman Focused
Advantage 800-773-3863
Hancock Horizon
Value A 800-259-1926
Yacktman Focused 800-525-8258
Yacktman 800-525-8258
Mid-Cap Blend RS Value A 800-766-3863
Kinetics Paradigm 800-930-3828
Hodges 866-811-0224
Fidelity Select
Defense & Aerospace 800-544-9797
Empiric Core
Equity A ** 888-839-7424
Mid-Cap FBR Small Cap 888-888-0025
Growth Baron Partners 800-442-3814
Delaware American
Services A 800-523-1918
Legg Mason
Opportunity Prim 800-822-5544
Thornburg Core
Growth A 800-847-0200
Technology Fidelity Select
Software & Comp 800-544-9797
Wasatch Global
Science &
Technology 800-551-1700
Turner New Enterprise 800-224-6312
RS Internet Age A 800-766-3863
Henderson Global
Technology A 866-343-6337
Mid-Cap Value ICON Materials 800-764-0442
Phoenix Mid-Cap
Value A 800-243-1574
Delafield 800-221-3079
Fidelity Value 800-343-3548
Wells Fargo Advantage
Mid Cap Dis Inv 800-368-1030
Moderate Bruce 800-872-7823
Allocation ING T. Rowe Price Cap
Apprec S 800-584-6001
T. Rowe Price Capital
Appreciation 800-638-5660
Delaware Dividend
Income A 800-523-1918
American Funds Inc
Fund of Amer A 800-421-0180
Small Blend Bridgeway Ultra-Small
Company Market 800-661-3550
Pacific Advisors
Small Cap A 800-989-6693
Gartmore Small Cap A 800-848-0920
Keeley Small Cap
Value 888-933-5391
Pacific Capital Small
Cap A 800-258-9232
Small Growth Royce Value Plus
Service 800-221-4268
Baron Small Cap 800-442-3814
UMB Scout Small Cap 800-996-2862
Baron Growth 800-442-3814
Excelsior Small Cap 800-446-1012
Small Value James Small Cap 800-995-2637
Heartland Value 800-432-7856
Tamarack Micro Cap
Value S 800-422-2766
Northern Small Cap
Value 800-595-9111
Royce Opportunity Inv 800-221-4268
Natural U.S. Global Investors
Resources Global Res 800-873-8637
Jennison Natural
Resources B 800-225-1852
RS Global Natural
Resources A 800-766-3863
Van Eck Global Hard
Assets C 800-826-1115
Ivy Global Natural
Resources A 800-777-6472
Precious U.S. Global Investors
Metals WrldPrecMineral 800-873-8637
U.S. Global Investors
Gold Shares 800-873-8637
USAA Precious Metals
and Minerals 800-531-8448
Van Eck Intl
Investors Gold A 800-826-1115
Evergreen Precious
Metals B 800-343-2898
Real Estate CGM Realty 800-343-5678
Alpine International
Real Estate 888-785-5578
Strategic Partners
Real Estate Sec A 800-225-1852
ING Global Real
Estate A 800-992-0180
Phoenix Real Estate
Securities A 800-243-1574
World Stock Polaris Global Value 888-263-5594
Oakmark Global I 800-625-6275
Templeton Global
Smaller Comp A 800-342-5236
Delaware Global
Value A 800-523-1918
Vanguard Global
Equity 800-662-6273
TOP FIVE FUNDS BY CATEGORY AND TOP 10 SPECIALTY TECHNOLOGY FUNDS
RANKED BY FIVE-YEAR RETURN. ONLY DISTINCT NON-INSTITUTIONAL SHARES
OPEN TO NEW INVESTORS WITH A MINIMUM INITIAL INVESTMENT OF NO MORE
THAN $5,000 WERE CONSIDERED. DATA THROUGH 1/9/2007.
SOURCE: MORNINGSTAR INC.
MORNINGSTAR MAKES EVERY EFFORT TO ENSURE THE ACCURACY AND COMPLETENESS
OF THIS DATA BUT CANNOT GUARANTEE IT.
* AVAILABLE THROUGH 401(K)
** FORMERLY TEXAS CAPITAL VALUE & GROWTH A (TCVGX)
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