The Rukeyser 100

By Benjamin Shepherd • December 22, 2010

Below 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’ experience in a similar capacity. We don’t rank funds with frontor 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 11/30/10.

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.

On the Move
? Bruce (BRUFX, 800-872-7823), a moderate allocation fund that divides its portfolio between stocks and bonds, has generated solid long-term returns for shareholders. But heavy volatility has prevented this popular fund from appearing on The Rukeyser 100 until now. The father and son duo of Robert and Jeffrey Bruce make heavy sector bets and focus on small-cap stocks. This adds significant risk to the fund, despite its 16 percent allocation to Treasury bonds. Bruce is an attractive offering for investors with a high tolerance for risk. Those who can’t stomach wide performance swings should steer clear.

? Bill Gross’s Managers PIMCO Bond (MBDFX, 800-548-4539) has dropped out of The Rukeyser 100 this month, as rising Treasury yields and asset  outflows took a bite out of the fund’s performance. Gross has a track record of generating excellent long-term returns for shareholders, and the fund’s lackluster performance doesn’t stem from any management missteps. Nonetheless, the outlook for Treasury bonds—a major component of the fund’s portfolio— isn’t particularly bright this year and yields are expected to rise. Consider selling this fund now.

Funds Added This Month
American Beacon Mid Cap Value
American Century Zero Coupon 2015
Bruce
Copley
Fidelity High Income
Fidelity Select Technology
First American Intermediate Tax-Free A
Janus Triton T
Metropolitan West Total Return Bond
Oakmark International Small Cap I
Osterweis Strategic Income
Robeco All Cap Value
T Rowe Price Corporate Income
T Rowe Price Latin America
T Rowe Price Media &
Telecommunications
TCW Small Cap Growth

Funds Dropped This Month
American Century Zero Coupon 2025
Artio Global High Income A
DGHM All-Cap Value Investor
Dreyfus Opportunistic Small Cap
Fidelity Select Pharmaceuticals
Janus Balanced T
Managers PIMCO Bond
Matthews India
Meridian Equity Income
Rydex Biotechnology
Rydex Govt Long Bond 1.2X Strategy
Scout Stock
TIAA-CREF Tax-Exempt Bond Retail
Tocqueville International Value
USAA Total Return Strategy
Vanguard L/T Treasury

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