Second Times A Charm

After making a false start, B.E. says now is a better time to buy mid-cap growth funds

tends to carry a heavy weighting in tech stocks, but will also short companies its manager feels are too highly priced.

Number two on the list, Calamos Growth A (CVGRX), also ranks five stars in Morningstar’s books, didn’t fare quite as well in 2001, registering a -7.7% total return that year, but has nonetheless managed a 24% average annual tally over the last 36 months. Last year, Calamos did a good job of steering clear of a rocky market by sticking with service companies such as Alliance Gaming (Nasdaq: ALLY) and H&R Block (NYSE: HRB). It helped the fund’s diversification to have a moderate weighting in the technology sector, which suffered heavy losses for the year.

Top Mid-Cap Growth Mutual Funds

Fund Name (Ticker)

Year-to-Date
Total Return*

1-Year Ann.
Total Return*

3-Year Ann.
Total Return*

5-Year Ann.
Total Return*

Toll-Free
Number

Minimum
Initial
Investment

Needham Growth (NEEGX) -0.07% 12.07% 27.43 23.59 800-625-7071 $ 5,000
Calamos Growth A (CVGRX) 0.53 -7.68 23.95 26.58 800-823-7386 500
Heritage Mid-Cap Stock A (HMCAX) 0.22 19.15 23.90 N/A 800-421-4184 1,000
SSgA Aggressive Equity (SSAEX) 2.33 - 19.63 20.02 N/A 800-647-7327 1,000
AIM Mid-Cap Equity A (GTAGX) 0.00 0.52 17.69 11.86 800-959-4246 500
Fidelity Mid-Cap Stock (FMCSX) -1.99 -12.80 15.89 17.45 800-343-3548 2,500
Fidelity Adv Mid-Cap A (FMCDX) -2.79 -13.04 14.97 16.76 800-522-7297 1,500
Osterweis (OSTFX) -1.51 -9.84 14.84 18.72 866-236-0050 100,000
Putnam Capital Opport. A (PCOAX) -1.45 -2.08 14.72 N/A 800-225-1581 500

*As of JaN. 31, 2002
Source: morningstar inc.

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