Funds for the Long Haul

In this semiannualmutual fund roundupwe identify 90 top-performingfunds ranked by three-year returns

in real estate, an asset class that has done very well the past few years since stocks have been weak.”

Kilpatrick, who is a bankruptcy attorney with Kilpatrick & Associates P.C. and the immediate past president of the American Bankruptcy Institute, was astute enough to make some of his portfolio adjustments based on the increasing number of bankruptcies nationwide, which was a sign the economy might be heading south. “In May 2000, I could see the danger signs, so my wife and I made a conscious decision to put money into our home rather than mutual funds,” he says.

After a two-year wait, he began investing in mutual funds again in August 2002. “This looks like a good time to buy,” he says. “Some of my money will be going into funds such as Oakmark Select I Fund (OAKLX) and Harbor Capital Appreciation Fund (HACAX), which have been good long-term holdings for me.” He has held Harbor Capital since February 1995 and Oakmark since February 1997 because the managers for the funds (Spiros Segalas and William Nygren, respectively) have delivered excellent returns and are among the most respected in the industry. Harbor Capital has a 10-year annualized return of 12.69% while Oakmark Select has a five-year annualized return of 15.81%.

In addition, Arvai suggests thatKilpatrick continue investing in Columbia Real Estate fund. “I’m also recommending more exposure to Royce Low-Priced Stock fund because the market seems to prefer value stocks now, as well as Tweedy, Browne Global Value Fund (TBGVX) to increase his international exposure,” Arvai says.

Therefore, there’s a time for mutual fund investors to buy as well as a time to sell. “You should use judgment based on current market conditions,” says Spradley. “To get the best long-term results from your mutual funds, you need to be an active part of the process.”

B.E.’s Top Mutual Fund Performers

    AVG. ANNUALIZED TOTAL RETURN*    

FUND NAME

SYMBOL

3-YEAR

5-YEAR

MINIMUM INITIAL
INVESTMENT

PHONE

Large Growth
Enterprise Multi-cap Growth A

EMCAX

8.19

N/A

$ 1,000

800-368-3527
Jensen

JENSX

5.17

9.36

1,000

800-992-4144
Potomac OTC Short

POTSX

2.26

N/A

10,000

800-851-0511
Smith Barney Aggressive Growth A

SHRAX

2.20

14.07

1,000

800-451-2010
Chase Growth

CHASX

1.29

N/A

2,000

888-861-7556
Mid-cap Growth
Calamos Growth A

CVGRX

18.69

22.94

500

800-823-7386
Heritage Mid-cap Stock A

HMCAX

18.65

N/A

1,000

800-421-4184
Goldman Sachs Growth Opportunities A

GGOAX

15.09

N/A

1,000

800-526-7384
Regions Morgan Keegan Select Agg Gr B

RAGRX

14.64

N/A

1,000

800-433-2829
SSgA Aggressive Equity

SSAEX

14.51

N/A

1,000

800-647-7327
Small Growth
Bjurman, Barry Micro-cap Growth

BMCFX

34.34

29.27

5,000

800-227-7264
Buffalo Small-cap

BUFSX

23.84

N/A

2,500

800-492-8332
ARK Small-cap Equity A

ARPAX

20.24

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