Looking For A Bull Market

African American mutual funds pick up the pace as slow market recovery continues

in Baltimore. Even with its woes, the fund recently received a four-star rating from Morningstar. The fund peaked in 1999, reporting a fantastic one-year return of 113.6%. This was partly because of investments in the tech sector. These days, the fund’s returns are dismal. It recorded a -29.8% return last year, and -12.14% year-to-date return through August 14.

Chapman expects the stock market to bounce back once there are positive changes in the job market. “Once we start seeing headlines about companies expanding their workforce, instead of cutting back on it, we may start to see a turnaround in the market,” he says.

B. E. Black Mutual Funds Index

Fund Name (Ticker)

Year-to-
Date

1-Year
Total
Return*

3-Year
Total
Return*

5-Year
Total
Return*

Toll-Free
Number

Minimum
Initial
Investment

STOCK FUNDS            
Ariel (ARGFX)

7.71

20.59

13.74

18.37

800-292-7435

$ 1,000

Ariel Appreciation (CAAPX)

11.62

23.91

14.26

20.11

800-292-7435

1,000

Brown Capital Mgmt Balanced (BCBIX)

- 10.15

-14.92

2.65

9.19

800-525-3863

10,000

Brown Capital Mgmt Equity (BCEIX)

- 15.42

-22.36

2.25

9.92

800-525-3863

10,000

Brown Capital Mgmt Small Co. (BCSIX)

-1.41

2.06

22.07

19.89

800-525-3863

10,000

DEM Equity Investor (DEMEX)

- 12.14

- 37.05

15.48

N/A

800-752-1013

25

Edgar Lomax Value (LOMAX)

-1.12

10.39

7.02

N/A

800-576-8229

2,500

Kenwood Growth & Income (KNWDX)

14.21

14.82

6.39

10.87

888-536-3863

2,000

IGN=”MIDDLE”>Lou Holland Growth (LHGFX)

- 6.75

- 14.51

6.07

13.26

800-295-9779

250

MDL Large Cap Growth Equity (MLGEX)

- 25.32

- 40.36

-6.56

N/A

877-635-3863

500

Profit Value (PVALX)

-8.04

- 19.34

12.56

N/A

888-744-2337

2,500

Unity (AUFAX)

27.32

32.94

13.31

N/A

888-229-2105

1,000

BOND FUNDS

 

 

 

 

 

 

Ariel Premier Bond

5.59

10.71

5.91

7.15

800-292-7435

1,000

MDL Broad Market Fixed Income (MBMFX)

5.93

11.63

6.37

N/A

877-635-3863

500

*As of August 14, 2001
Source: Morningstar Inc.
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