Mid-cap value funds have offered investors one of the very few shelters from the storm during the brutal bear market, TheStreet.com reports. The average fund in the category has returned an average 3.99% during the past three years, making mid-cap and small-cap value the only two stock fund categories to remain positive, according to Morningstar.
TheStreet.com features five funds it deems to be standouts in the mid-cap value category.
Longleaf Value follows the letter of the law when it comes to value investing, seeking companies trading at a 40 % discount to intrinsic value, TheStreet.com reports.
Weitz Value has a great long-term record, low turnover of 13% and a low 1.06% expense ratio. Plus, its experienced management makes it a solid mid-cap offering, TSC says.
The T. Rowe Price Mid-Cap Value fund offers a little more diversity as it holds a little more than 100 companies, and at 96 basis points, sports a lower expense ratio than most. Its three-year annual return averages 8.31%
With the manager of the Yacktman Fund willing to take some risks with the fund, it boasted a 11.4% return in 2002, at odds with the market. Its 10-year annual return is 9.33%. Finally, the three- and five-year performance records of the C&B Midcap Value Fund have beaten 98% percent of its peers.
The staff of Mutual Fund Market News ("MFMN") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MFMN, and have not prepared, sponsored, endorsed, or approved these summaries.