These are the top funds in five major categories, ranked according to three-year returns. We primarily consider funds with managers in place for at least three years; the only exceptions are managers with at least three years of experience in a similar capacity. We don’t rank funds with front- or back-end loads greater than 3 percent or funds that are closed to new investors, have less than $25 million in assets, have minimums of $10,000 or more, have trust restrictions or are single-state muni-bond funds. All data as of 05/31/10.
Source: Morningstar, Bloomberg
THE LOUIS RUKEYSER HONOR ROLL
Funds that have been on The Rukeyser 100 more than 80 percent of the past three years (at least 29 out of 36 months) make it onto The Louis Rukeyser Honor Roll. Their names are in green and marked with laurels.
One the Move
Firsthand e-Commerce became Firsthand Technology Opportunities (TEFQX) on May 1 to reflect an expanded mandate that includes the entire technology sector. We applaud the move, as its prior focus was too narrow to be useful for most investors. Broader appeal should help the fund grow its asset base, which should translate to lower fees over the long haul.
T Rowe Price Latin America(PRLAX) has dropped from The Rukeyser 100, which is now dominated by Asia- and China-focused funds. Ironically though, the sagging performance of Jose Buck’s charge stemmed from concerns that a slowdown in China’s economic growth could dent Brazilian exports. With Brazilian equities accounting for more than 69 percent of the fund’s investable assets, the portfolio’s fortunes ebb and flow with the Brazilian market.
Funds Added This Month
Buffalo High-Yield Dreyfus Municipal Bond Fidelity Freedom Income Fidelity Select Retailing FPA Crescent Hussman Strategic Growth Managers PIMCO Bond Matthews Pacific Tiger Nicholas Limited Edition N Northern Global Fixed Income Northern Intermediate Tax-Exempt Pinnacle Value Robeco All Cap Value Rydex Gvt Long Bond 1.2x Strategy T Rowe Price Personal Strategic Income US Global Investors Near-Term T/F Vanguard Interm-Term Treasury Vanguard L/T Treasury Wasatch-HoisingtonUS Treasury WesMark Balanced
Funds Dropped This Month
American Century Inflation Prot Bond Baird Intermediate Muni Berwyn Income DWA Managed Municipal Bonds A DWS Intermediate Tax/AMT Free A Fidelity Capital & Income Fidelity Select Technology Laudus Growth Investors US Large Cap Loomis Sayles Global Bond Oakmark Equity & Income I Osterweis Strategic Income Perkins Small Cap Value R Permanent Portfolio PIMCO Diversified D PIMCO Investment Grade Corporate PIMCO Total Return D RiverNorth Core Opportunity T Rowe Price Dividend Growth T Rowe Price Latin America T Rowe Price Mid-Cap Growth
These are the top funds in five major categories, ranked according to three-year returns. We primarily consider funds with managers in place for at least three years; the only exceptions are managers with at least three years of experience in a similar capacity. We don’t rank funds with front- or back-end loads greater than 3 percent or funds that are closed to new investors, have less than $25 million in assets, have minimums of $10,000 or more, have trust restrictions or are single-state muni-bond funds. All data as of 05/31/10.
Source: Morningstar, Bloomberg
THE LOUIS RUKEYSER HONOR ROLL
Funds that have been on The Rukeyser 100 more than 80 percent of the past three years (at least 29 out of 36 months) make it onto The Louis Rukeyser Honor Roll. Their names are in green and marked with laurels.
One the Move
Firsthand e-Commerce became Firsthand Technology Opportunities (TEFQX) on May 1 to reflect an expanded mandate that includes the entire technology sector. We applaud the move, as its prior focus was too narrow to be useful for most investors. Broader appeal should help the fund grow its asset base, which should translate to lower fees over the long haul.
T Rowe Price Latin America(PRLAX) has dropped from The Rukeyser 100, which is now dominated by Asia- and China-focused funds. Ironically though, the sagging performance of Jose Buck’s charge stemmed from concerns that a slowdown in China’s economic growth could dent Brazilian exports. With Brazilian equities accounting for more than 69 percent of the fund’s investable assets, the portfolio’s fortunes ebb and flow with the Brazilian market.
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