FPA Crescent Fund (FPACX) is also a value-oriented portfolio, although it gathers up a wide variety of investmentsâ€”large- and small-cap stocks, foreign company shares, and bonds. Its manager, Steven Romick, has done a fantastic job as well: The fund ranks in the top 11%, 4%, and 1% according to Morningstar stats for the last three, five, and 10 years, respectively. The manager is a fan of large caps right now, with Aon, Walmart, and Microsoft in the portfolio. At the same time, he has a lot of leeway and can hold cashâ€”which is now just under 20% of the portfolioâ€”until the right opportunities come along. Turnover is relatively low at 32%, as are expenses at 1.17%. The fundâ€™s required initial investment is $1,500 or $100 as part of an IRA.
1-YEAR RETURN: Â Â Â Â 15.80%
5-YEAR RETURN:Â Â Â Â 6.47%
10-YEAR RETURN: Â Â Â 9.51%
MINIMUM INITIAL INVESTMENT:Â Â Â Â $1,500
EXPENSE RATIO:Â Â Â Â 1.13%
T. Rowe Price New Asia (PRASX)Â is a good way to gain exposure to the rapid developments in the two emerging markets where almost 60% of the portfolio is invested. Manager Anh Lu took over in 2009, but worked with the previous manager before assuming the top spot. Asia is growing quickly, but weâ€™ve seen instances when the fund is down as a good point to jump in. Take 2008 and 2009, for example. The fund fell 61% during the near collapse of global financial markets, but came back with a 103% gain the next year. The fund is a relatively active trader with a 49% turnover, but it keeps expenses low at 1%. The T. Rowe Price fund requires a first investment of $2,500 or $1,000 for IRAs. Finally, we like the long-term scenario for Asiaâ€™s growing economiesâ€”China and India.
1-YEAR RETURN: Â Â Â 19.27%
5-YEAR RETURN:Â Â Â Â 17.06%
10-YEAR RETURN: Â Â Â 17.11%
MINIMUM INITIAL INVESTMENT:Â Â Â Â $2,500
EXPENSE RATIO:Â Â Â 0.96%