Developing your energy fund portfolio: even though the stock market has touched bear territory, investors can discover a gusher of profits through these high-octane investments.
"OIL AND GAS PRICES ARE AT RECORD highs and there's no relief in sight," says Bryan K. Robinson, 38, an account manager for REACH Media, parent company of the nationally syndicated radio program The Tom Joyner Morning Show. Most people lament the fact that gas prices continue to hover close to $4 a gallon. But Robinson isn't hurting from prices at the pump as much as most people are.
The Piano, Texas, resident has spent most of his career in the oil patch states of Texas and Oklahoma where such production is always a major topic of conversation. Recent discussions have convinced him that the energy crisis will be around for a spell. "The demand for energy is growing faster than the supply," says Robinson, "and that situation is not changing. If you want high returns, energy is the logical place to be."
Oklahoma City-based financial planner Kathy Williams, who advises Robinson, is similarly bullish on energy investing. "People haven't adjusted their behavior to higher oil prices," she says. Until demand falls steeply, she believes prices will stay up and energy companies will make money.
Robinson has about 15% of his portfolio in Jennison Natural Resources (PGNAX), which has produced an annualized return of 22% over the past 10 years. Nearly 70% of its assets are in oil and-gas stocks such as Southwestern Energy (SWN) and Suncor Energy (SU), two companies involved in exploration and production. "This fund's expense ratio has come down in recent years so costs are low for a natural resources fund," says Williams. "Considering its outstanding record, this is a solid choice."
THERE WILL BE FUNDS
At the beginning of 2008, mutual fund investors could be optimistic. Even though the stock market was down from record highs set in late 2007, mutual funds wound up with gains for the fifth consecutive year. The good times, it seemed, were still rolling.
The first half of this year proved to be the rock after the roll. With recession fears rising and credit markets in turmoil, the average stock fund lost more than 10% while others posted losses of more than 25%. Bond funds reported narrow losses as well.
Amid all the gloom, natural resources funds emerged the dear winner, gaining more than 16% in the first half of the year. In fact, most of these funds invest heavily in oil and natural gas. With oil gushing to more than $140 a barrel by the end of the second quarter, energy companies, which represent a significant portion of their holdings, posted huge profits.
Indeed, the recent surge in oil prices may represent a major turning point for investors. Even if prices retreat to, say, $100 a barrel, they still will be much higher than in 2006 or 2007. Trillions of additional dollars are moving from consumers' pockets to oil companies and oil-producing nations. If those entities are held by your funds, some of the dollars you're now spending at the pump may find their way back into your pocket.
PROSPECTING FOR RETURNS
To find such opportunities, BLACK ENTERPRISE has developed this year's Moneywise 100--our semi annual ranking of the best mutual funds--to focus on energy Ranked by five-year total returns, we identified 100 top-performing funds across 12 categories with portfolios that have significant holdings in companies that produce off, natural gas, and other energy-related products. (See chart in this feature.)
Our editors interviewed more than a score of experts on the best way for you to engage in oil exploration. Here's what they advise.
Pore over your portfolio. When searching for energy exposure, the first step is to check out your existing holdings. You may already possess some energy companies. That's certainly true for Vernell King Sr., a 65-year-old retiree who worked as a manager for Mobil and then the merged entity, ExxonMobil (XOM), for 35 years. When he retired three years ago, most of his investment portfolio was in ExxonMobil stock. "ExxonMobil is a well-run company," says King. "[It] had problems in the past when it did things like buy Montgomery Ward, but ExxonMobil is taking care of its basic business now. One reason I like ExxonMobil is its big position in natural gas. Natural gas has a great future. It may replace diesel for truck fuel."
Such enthusiasm has not been misplaced. Shares of ExxonMobil traded around $32 in mid-2003 and rose to about $88 in mid-2008, a gain of about 175%. Nevertheless, there's the chance that oil prices-and ExxonMobil's stock-may slide.
Admits Deborah A. Jordan, a financial planner with Ameriprise Financial in Williamsville, New York, who advises King: "He was too exposed to the stock market in general and to one company in particular."
To reduce his exposure, she suggested King sell some of his stock and reinvest the proceeds. He now has less than half his portfolio in ExxonMobil and the balance is held in five bond funds, including Eaton Vance Floating Rate A (EVBLX) and Fidelity Advisor Strategic Income T (FSIAX). He also has one B share of Warren Buffet's Berkshire Hathaway (BRKB), which recently traded at $3,883. "The mutual funds give me a more diverse portfolios," says King.
Drill down into your funds. Of course, not every investor starts out with 100% exposure to one energy stock Many people own an assortment of diversified stock funds, which may provide a mix of such companies. On average, large-company value funds such as Columbia Value & Restructuring (UMBIX), have more than 14% of their assets in energy stocks, according to fund tracker Morningstar, while large-company growth funds such as American Funds Growth Fund of America (GFAFX) have more than 11%. Those averages, though, mask huge differences among funds.
The bottom line: Read through reports you get from your funds to review allocation to energy. If you seek more energy in your portfolio, select funds with above-average exposure to energy companies.
Seek sector funds. To really energize your portfolio, invest in a natural resources sector fund. Not only have they led the pack in 2008, they have annualized returns of more than 30% for the past five years and nearly more than 17% for the past 10 years. Those numbers are virtually quadruple the results for diversified domestic stock funds in those time periods.
The goods news is that this long spell of superior stock market performance has been matched by corporate profits so natural resources rids may be reasonably priced. Morningstar puts the category's price-to-earnings ratio at 17.1--about the same as the ratio for all domestic stock funds. Therefore, natural resources funds are not especially pricey these days; they're actually less expensive, on average, than diversified large-company growth funds.
Investors seeking energy-heavy funds have other options. Michael Herbst, an analyst at Morningstar, mentions Vanguard Energy (VGENX), a huge fund that has a substantial portion of its assets in major oil companies such as ExxonMobil, Chevron (CVX), ConocoPhillips (COP), and Total (TOT). Jordan likes AIM Energy A (IENAX), a pure energy fund with relatively few holdings, an excellent five-year record, and a tendency to invest in lesser-known companies such as Occidental Petroleum (OXY) and Apache Corp (APA).
Sky-high oil prices may result in greater demand for other fuels such as coal and natural gas. "Investors might want to invest in a more diversified natural resources fund," Herbst says, "rather than one focused on oil. BlackRock Global Resources (SSGPO(), for example, has a great deal of exposure to coal." Its three largest holdings were coal companies CONSOL Energy (CNX), Arch Coal (ACI), and Massey Energy (MEE).
Diversification is still key. Don't overload your portfolio with energy because the rise of oil prices might turn out to be a bubble like dotcoms in the late 90s and housing a few years back Nevertheless, as long as an increasing number of people around the world want to drive cars and heat their homes, it probably will make sense to hold mutual funds with some fuel in their tank.
The Moneywise Energy 100 5-Year Ticker 5-Year Risk Fund Name Symbol Return Rating Large Growth CGM Mutual LOMMX 19.13 High Amana Trust Growth AMAGX 16.46 Average Hartford Growth Opportunities HLS IB HBGOX 15.58 Above Avg. FMI Provident Trust Strategy FMIRX 12.13 Below Avg. AIM Summit P SMMIX 11.98 Average MFS Growth I MFEIX 11.45 Above Avg. Fidelity OTC FOCPX 11.43 High American Funds Grth Fund of Amer 529E CGFFX 11.32 Below Avg. Columbia Select Large Cap Growth Z UMLGX 11.29 Above Avg. Chase Growth CHASX 9.78 Low Large Value Columbia Value & Restructuring Z UMBIX 15.81 High 1st Source Monogram Income Equity FMIEX 14.32 Average Hancock Horizon Value Tr HHGTX 13.82 Above Avg. RiverSource Diversified Equity Inc R4 IDQYX 13.50 High Touchstone Value Opportunities Z CCEVX 13.48 Above Avg. Dreyfus Premier Strategic Value I DRGVX 12.10 Above Avg. RiverSource Equity Value R4 AEUYX 11.78 Above Avg. Allianz NFJ Dividend Value D PEIDX 11.61 Below Avg. MFS Value I MEIIX 10.85 Low American BeaconLg Cap Value AMR AAGAX 10.83 Above Avg. Large Blend Janus Contrarian JSVAX 18.22 High Hartford Capital Appreciation HLS IB HIBCX 16.06 High ING Janus Contrarian S2 IJCTX 16.02 High Stratton Multi Cap STRGX 15.44 High American Funds Fundamental Invs 529E CFNFX 14.01 Above Avg. Neuberger Berman Partners Adv NBPBX 13.58 High Fidelity Select Consumer Staples FDFAX 12.35 Below Avg. JHT Lifestyle Aggressive Ser I JELAX 11.70 Above Avg. Russell LifePoints Eq Growth Strategy S RELSX 11.59 Above Avg. Columbia LifeGoal Growth Z NGPAX 11.54 Above Avg. Mid-Cap Growth Hodges HDPMX 18.90 Above Avg. Loomis Sayles Mid Cap Growth Ret LAGRX 18.75 High Dreyfus Premier S&P Stars Opp I DSORX 16.19 Average Roosevelt Multi-Cap Fund BULLX 15.72 Low ING FMR Diversified Mid Cap S2 IFDTX 15.42 Below Avg. Munder Mid-Cap Core Growth K MGOKX 14.55 Average Allianz OCC Target D PTRDX 13.66 Above Avg. Value Line Premier Growth VALSX 13.63 Low Neuberger Berman Mid Cap Growth Inv NMANX 13.29 Above Avg. Mid-Cap Value RiverSource Mid Cap Value R4 RMCVX 16.33 High TIAA-CREF Instl Mid-Cap Value Retail TCMVX 15.05 Average Janus Aspen Mid Cap Value Instl JAMVX 13.95 Below Avg. Janus Adviser Mid Cap Value S JMVIX 13.80 Below Avg. Janus Mid Cap Value Investor JMCVX 13.78 Low Heartland Select Value HRSVX 13.72 Average Transam Partners Instl Mid Value DIMVX 12.72 Average TIAA-CREF Instl Mid-Cap Value Idx Retire TRVUX 12.60 Average Allegiant Mid Cap Value I ARVIX 12.59 Average Diversified Emerging Markets DFA Emerging Markets Value I DFEVX 35.06 Above Avg. Fidelity Emerging Markets FEMKX 32.01 High Lazard Emerging Markets Equity Open LZOEX 31.87 Below Avg. Small Growth Royce Value Plus Svc RYVPX 17.42 Average Hartford Small Company HLS IB HDMBX 14.36 Average Neuberger Berman Small Cap Growth Adv NBMVX 13.31 Above Avg. WesMark Small Company Growth WMKSX 12.62 Above Avg. Loomis Sayles Small Cap Growth Ret LCGRX 12.47 Above Avg. Lord Abbett Developing Growth P LADPX 12.39 Above Avg. Columbia Select Small Cap Z UMLCX 11.76 Average Baron Growth BGRFX 11.39 Low ING Baron Small Cap Growth I IBGIX 11.34 Below Avg. Small Value Allianz NFJ Small Cap Value D PNVDX 14.58 Below Avg. DFA U.S. Targeted Value I OFFVX 12.71 Above Avg. DFA U.S. Small Cap Value I DFSVX 12.10 High Royce Opportunity Svc RYOFX 11.96 High Columbia Small Cap Value I Z CSCZX 11.90 Average Touchstone Diversified Small Cap Value Z TCSUX 11.72 Above Avg. DFA Tax-Managed U.S. Targeted Value DTMVX 11.35 Above Avg. Northerh Small Cap Value NOSGX 11.22 Average Foreign Large Blend Fidelity Canada FICDX 26.06 High Elfun International Equity EGLBX 20.28 Above Avg. Sextant International SSIFX 19.72 Average GE Instl International Equity Svc GIESX 19.46 Avg Manning & Napier World Opportunities A EXWAX 19.37 Below Avg. Fidelity International Discovery FIGRX 18.99 Above Avg. GE International Equity Y GEIDX 18.69 Above Avg. MFS Research International I MRSIX 18.06 Avg Foreign Large Value Dodge & Cox International Stock DODFX 21.97 Above Avg. Harbor International Inv HIINX 21.88 High DFA Intl Value III DFVFX 20.33 Above Avg. DFA Intl Value IV DFVIX 20.32 Above Avg. DFA Intl Value II DIVTX 20.30 Above Avg. DFA Intl Value I DFIVX 20.10 Above Avg. LWAS/DFA Intl High Book To Market DFHBX 20.07 Above Avg. DFA Tax-Managed Intl Value DTMIX 19.76 Above Avg. MFS International Value I MINIX 18.08 Low Natural Resources U.S. Global Investors Global Res PSPFX 45.76 High Profunds UltraSector Oil & Gas Inv ENPIX 40.60 High Columbia Energy & Nat Resources Z UMESX 35.50 Above Avg. Fidelity Select Natural Resources FNARX 34.73 Average Fidelity Select Energy FSENX 34.35 Average Fidelity Select Energy Service FSESX 33.77 Above Avg. Fidelity Advisor Energy I FANIX 33.68 Average Fidelity Select Natural Gas FSNGX 32.74 Above Avg. ICON Energy ICENX 32.71 Above Avg. Munder Energy K MPFKX 31.81 Below Avg. Other Sectors CGM Realty CGMRX 33.09 High JHT Utilities Trust Service JEUTX 22.49 Above Avg. Hartford Global Comm HLS IB HBGCX 19.88 Average Matthews Asian Technology MATFX 17.25 Average Fidelity Select Medical Delivery FSHCX 15.34 High Minimum Expense Initial Fund Name Ratio Investment Large Growth CGM Mutual 1.05 $2,500 Amana Trust Growth 1.35 250 Hartford Growth Opportunities HLS IB 0.88 0 FMI Provident Trust Strategy 1.00 1,000 AIM Summit P 0.92 1,000 MFS Growth I 0.95 0 Fidelity OTC 0.95 2,500 American Funds Grth Fund of Amer 529E 0.47 250 Columbia Select Large Cap Growth Z 1.16 2,500 Chase Growth 1.17 2,000 Large Value Columbia Value & Restructuring Z 1.02 2,500 1st Source Monogram Income Equity 1.13 1,000 Hancock Horizon Value Tr 1.03 1,000 RiverSource Diversified Equity Inc R4 0.89 2,000 Touchstone Value Opportunities Z 1.12 2,500 Dreyfus Premier Strategic Value I 1.00 1,000 RiverSource Equity Value R4 0.93 0 Allianz NFJ Dividend Value D 1.03 5,000 MFS Value I 0.00 0 American BeaconLg Cap Value AMR 0.32 0 Large Blend Janus Contrarian 0.96 2,500 Hartford Capital Appreciation HLS IB 0.91 0 ING Janus Contrarian S2 1.12 0 Stratton Multi Cap 1.06 2,000 American Funds Fundamental Invs 529E 0.45 250 Neuberger Berman Partners Adv 1.14 1,000 Fidelity Select Consumer Staples 0.84 2,500 JHT Lifestyle Aggressive Ser I 0.11 0 Russell LifePoints Eq Growth Strategy S 0.00 0 Columbia LifeGoal Growth Z 0.25 2,500 Mid-Cap Growth Hodges 1.37 250 Loomis Sayles Mid Cap Growth Ret 1.25 2,500 Dreyfus Premier S&P Stars Opp I 1.10 1,000 Roosevelt Multi-Cap Fund 1.27 1,000 ING FMR Diversified Mid Cap S2 1.03 0 Munder Mid-Cap Core Growth K 1.31 0 Allianz OCC Target D 1.21 5,000 Value Line Premier Growth 1.11 1,000 Neuberger Berman Mid Cap Growth Inv 1.02 1,000 Mid-Cap Value RiverSource Mid Cap Value R4 1.10 2,000 TIAA-CREF Instl Mid-Cap Value Retail 0.78 2,500 Janus Aspen Mid Cap Value Instl 0.91 0 Janus Adviser Mid Cap Value S 1.15 2,500 Janus Mid Cap Value Investor 0.85 2,500 Heartland Select Value 1.24 1,000 Transam Partners Instl Mid Value 0.90 0 TIAA-CREF Instl Mid-Cap Value Idx Retire 0.33 0 Allegiant Mid Cap Value I 0.93 0 Diversified Emerging Markets DFA Emerging Markets Value I 0.60 0 Fidelity Emerging Markets 0.99 2,500 Lazard Emerging Markets Equity Open 1.47 2,500 Small Growth Royce Value Plus Svc 1.33 2,000 Hartford Small Company HLS IB 0.94 0 Neuberger Berman Small Cap Growth Adv 1.57 1,000 WesMark Small Company Growth 1.39 1,000 Loomis Sayles Small Cap Growth Ret 1.25 2,500 Lord Abbett Developing Growth P 1.29 0 Columbia Select Small Cap Z 1.20 2,500 Baron Growth 1.31 2,000 ING Baron Small Cap Growth I 1.08 0 Small Value Allianz NFJ Small Cap Value D 1.22 5,000 DFA U.S. Targeted Value I 0.41 0 DFA U.S. Small Cap Value I 0.52 0 Royce Opportunity Svc 1.29 2,000 Columbia Small Cap Value I Z 1.04 2,500 Touchstone Diversified Small Cap Value Z 1.43 2,500 DFA Tax-Managed U.S. Targeted Value O.47 0 Northerh Small Cap Value 1.00 2,500 Foreign Large Blend Fidelity Canada 0.94 2,500 Elfun International Equity 0.20 500 Sextant International 1.47 1,000 GE Instl International Equity Svc 0.81 0 Manning & Napier World Opportunities A 1.14 2,000 Fidelity International Discovery 1.00 2,500 GE International Equity Y 1.20 500 MFS Research International I 0.99 0 Foreign Large Value Dodge & Cox International Stock 0.65 2,500 Harbor International Inv 1.19 2,500 DFA Intl Value III O.25 0 DFA Intl Value IV 0.25 0 DFA Intl Value II 0.25 0 DFA Intl Value I 0.44 0 LWAS/DFA Intl High Book To Market 0.46 0 DFA Tax-Managed Intl Value 0.54 0 MFS International Value I 1.14 0 Natural Resources U.S. Global Investors Global Res 0.94 5,000 Profunds UltraSector Oil & Gas Inv 1.45 5,000 Columbia Energy & Nat Resources Z 1.07 2,500 Fidelity Select Natural Resources 0.85 2,500 Fidelity Select Energy 0.84 2,500 Fidelity Select Energy Service 0.83 2,500 Fidelity Advisor Energy I 0.88 2,500 Fidelity Select Natural Gas 0.85 2,500 ICON Energy 1.17 1,000 Munder Energy K 1.67 0 Other Sectors CGM Realty 0.86 2,500 JHT Utilities Trust Service 1.01 0 Hartford Global Comm HLS IB 0.00 0 Matthews Asian Technology 1.25 2,500 Fidelity Select Medical Delivery 0.91 2,500 Fund Name Website Large Growth CGM Mutual www.cgmfunds.com Amana Trust Growth www.amanafunds.com Hartford Growth Opportunities HLS IB www.hartfordinvestor.com FMI Provident Trust Strategy www.fiduciarymgt.com AIM Summit P www.invescoaim.com MFS Growth I www.mfs.com Fidelity OTC advisor.fidelity.com American Funds Grth Fund of Amer 529E www.americanfunds.com Columbia Select Large Cap Growth Z www.columbiafunds.com Chase Growth www.chaseinv.com Large Value Columbia Value & Restructuring Z www.columbiafunds.com 1st Source Monogram Income Equity www.1stsource.com Hancock Horizon Value Tr www.hancockbank.com RiverSource Diversified Equity Inc R4 www.riversource.com Touchstone Value Opportunities Z www.touchstonefunds.com Dreyfus Premier Strategic Value I www.dreyfus.com RiverSource Equity Value R4 www.riversource.com Allianz NFJ Dividend Value D www.allianzinvestors.com MFS Value I www.mfs.com American BeaconLg Cap Value AMR www.americanbeaconfunds.com Large Blend Janus Contrarian www.janus.com Hartford Capital Appreciation HLS IB institutional.hartfordlife.com ING Janus Contrarian S2 www.ingfunds.com Stratton Multi Cap www.strattonmutualfunds.com American Funds Fundamental Invs 529E www.americanfunds.com Neuberger Berman Partners Adv www.nb.com Fidelity Select Consumer Staples advisor.fidelity.com JHT Lifestyle Aggressive Ser I www.jhannuities.com Russell LifePoints Eq Growth Strategy S www.russell.com Columbia LifeGoal Growth Z www.columbiafunds.com Mid-Cap Growth Hodges www.hodgesfund.com Loomis Sayles Mid Cap Growth Ret www.loomissayles.com Dreyfus Premier S&P Stars Opp I www.dreyfus.com Roosevelt Multi-Cap Fund www.rooseveltmcf.com ING FMR Diversified Mid Cap S2 www.ingfunds.com Munder Mid-Cap Core Growth K www.munder.com Allianz OCC Target D www.allianzinvestors.com Value Line Premier Growth www.vifunds.com Neuberger Berman Mid Cap Growth Inv www.nb.com Mid-Cap Value RiverSource Mid Cap Value R4 www.riversource.com TIAA-CREF Instl Mid-Cap Value Retail www.tiaacref.org Janus Aspen Mid Cap Value Instl www.janus.com Janus Adviser Mid Cap Value S www.janus.com Janus Mid Cap Value Investor www.janus.com Heartland Select Value www.heartlandfunds.com Transam Partners Instl Mid Value www.divinvest.com TIAA-CREF Instl Mid-Cap Value Idx Retire www.tiaacref.org Allegiant Mid Cap Value I www.allegiantfunds.com Diversified Emerging Markets DFA Emerging Markets Value I www.dfafunds.com Fidelity Emerging Markets advisor.fidelity.com Lazard Emerging Markets Equity Open www.lazardnet.com Small Growth Royce Value Plus Svc www.roycefunds.com Hartford Small Company HLS IB institutional.hartfordlife.com Neuberger Berman Small Cap Growth Adv www.nb.com WesMark Small Company Growth www.wesmarkfunds.com Loomis Sayles Small Cap Growth Ret www.loomissayles.com Lord Abbett Developing Growth P www.lordabbett.com Columbia Select Small Cap Z www.columbiafunds.com Baron Growth www.baronfunds.com ING Baron Small Cap Growth I www.ingfunds.com Small Value Allianz NFJ Small Cap Value D www.allianzinvestors.com DFA U.S. Targeted Value I www.dfafunds.com DFA U.S. Small Cap Value I www.dfafunds.com Royce Opportunity Svc www.roycefunds.com Columbia Small Cap Value I Z www.columbiafunds.com Touchstone Diversified Small Cap Value Z www.touchstonefunds.com DFA Tax-Managed U.S. Targeted Value www.dfafunds.com Northerh Small Cap Value www.northernfunds.com Foreign Large Blend Fidelity Canada advisor.fidelity.com Elfun International Equity www.gefunds.com/elfun Sextant International www.saturna.com GE Instl International Equity Svc www.geam.com Manning & Napier World Opportunities A www.manningnapieradvisors.com Fidelity International Discovery advisor.fidelity.com GE International Equity Y www.gefunds.com MFS Research International I www.mfs.com Foreign Large Value Dodge & Cox International Stock www.dodgeandcox.com Harbor International Inv www.harborfunds.com DFA Intl Value III www.dfafunds.com DFA Intl Value IV www.dfafunds.com DFA Intl Value II www.dfafunds.com DFA Intl Value I www.dfafunds.com LWAS/DFA Intl High Book To Market www.dfafunds.com DFA Tax-Managed Intl Value www.dfafunds.com MFS International Value I www.mfs.com Natural Resources U.S. Global Investors Global Res www.usfunds.com Profunds UltraSector Oil & Gas Inv www.profunds.com Columbia Energy & Nat Resources Z www.columbiafunds.com Fidelity Select Natural Resources advisor.fidelity.com Fidelity Select Energy advisor.fidelity.com Fidelity Select Energy Service advisor.fidelity.com Fidelity Advisor Energy I advisor.fidelity.com Fidelity Select Natural Gas advisor.fidelity.com ICON Energy www.iconfunds.com Munder Energy K www.munder.com Other Sectors CGM Realty www.cgmfunds.com JHT Utilities Trust Service www.jhannuities.com Hartford Global Comm HLS IB institutional.hartfordlife.com Matthews Asian Technology www.matthewsfunds.com Fidelity Select Medical Delivery advisor.fidelity.com SOURCE: MORNINGSTAR INC. MORNINGSTAR MAKES EVERY EFFORT TO ENSURE THE ACCURACY AND COMPLETENESS OF THIS DATA, BUT CANNOT GUARANTEE IT. TOP FUNDS IN EACH CATEGORY, RANKED BY FIVE-YEAR RETURNS WITH A MINIMUM INVESTMENT OF $5,000 OR LESS RETURNS THROUGH 6/30/08
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|Title Annotation:||THE MONEYWISE 100|
|Author:||Korn, Donald Jay|
|Date:||Oct 1, 2008|
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