Morningstar today gave props to a few funds that that the research firm said went from worst to first in 2012.

For example, the Fairholme (FAIRX) and Schneider Small Cap Value (SCMVX) funds “had great returns in 2010, appalling losses in 2011, and awesome gains again in 2012,” according to Morningstar.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.