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3
Morningstar FundInvestor
June
2015
Columbia Acorn International
ACINX
This fund has been slumping, but its small-cap growth
strategy has worked well over the long haul.
Dodge & Cox
You won’t find many team-managed funds where
every manager has more than
$1
million invested, but
Dodge
&
Cox does. They are long-term-focused
value investors who have served shareholders well.
Fidelity Contrafund
FCNTX
and Fidelity Total
Bond
FTBFX
These are two very different funds, but both feature
strong issue selection and consistent performance.
Harbor Capital Appreciation
HACAX
and Harbor
International
HAINX
With a growth fund and a value fund, Harbor has
brought investors two real gems. We rate both Gold.
LKCM Small Cap Equity
LKSCX
Steve Purvis and team leave the beaten path to
find winners among the smallest of companies. They
look for companies with competitive advantages
and strong returns on equity.
Mairs & Power Growth
MPGFX
This fund’s emphasis on quality makes it something
of a challenge for it to stay ahead of the pace
in today’s markets, but the fund’s long-term record
shows its merits.
MFS Massachusetts Investors Trust
MITTX
MFS
’ flagship fund seeks out companies with durable
franchises and strong free cash flow. Kevin Beatty
has a strong
11
-year record here, and he’s joined by
Ted Maloney, who came on board in
2012
.
Primecap
A longtime favorite of mine, Primecap has three
funds under its name and three that it runs for
Vanguard here. Primecap is simply the best growth
investor I know.
Selected American
SLADX
These are lean times for Selected American, yet
Chris Davis is still ahead of the S
&
P
500
from his
1995
start date.
T. Rowe Price
The number of T. Rowe Price funds on this list has
been thinned by manager departures, but three great
dependable funds remain.
T. Rowe Price Blue
Chip Growth
TRBCX
is the only one still open to new
investors, however.
Vanguard
Vanguard ties American for the most funds on the list
because they have the lowest costs and it does an
excellent job of finding and retaining subadvisors.
Compared with other firms that hire subadvisors,
Vanguard places a greater emphasis on people and
process than on performance.
K
The Fantastic 50
Fund Name
Ticker
Category
Morningstar
Analyst Rating Overall Risk
Expense
Ratio %
Start
Date
Tenure
Return%
Index
Return %
American Funds AMCAP
AMCPX Large Growth
Œ
Below Average
0.68
06/1996
9.93
8.18
American Funds American Balanced
ABALX Moderate Allocation
Œ
Average
0.60
02/1997
8.25
7.45
American Funds Capital World Gr&Inc
CWGIX World Stock
Œ
Below Average
0.77
04/1993
11.12
7.41
American Funds Europacific Growth
AEPGX Foreign Large-Growth
Œ
Below Average
0.82
01/1992
9.13
4.44
American Funds Fundamental Invs
ANCFX Large Blend
Œ
Above Average
0.61
04/1993
10.61
9.30
American Funds Growth Fund of Amer
AGTHX Large Growth
´
Below Average
0.66
12/1988
11.93
10.37
American Funds Invmt Co of Amer
AIVSX Large Blend
•
Below Average
0.59
04/1992
9.83
9.55
American Funds New Economy
ANEFX Large Growth
Œ
Average
0.79
02/1991
10.61
9.97