Wednesday, September 27, 2006

Large Cap Mutual Fund Standout

Here are 3 leading Large-cap mutual funds in three categories of investment styles (from Morningstar's database):

Large-cap Value-based Funds: There are about 394 funds of this type with $1.9 billion in net assets on average. Their returns averaged 9.0% over the past 10 years. The leading name in this category is $7.0 billion Excelsior Value & Restructuring (UMBIX) which averaged 14.2% annually in last 10 years.

Large-cap Blend Funds: There are 643 Large-cap blends with an average size of $1.55 billion in Morningstar's database. They've averaged 7.9% return in the past 10 years. Among them the $2.5 billion Mairs & Power Growth Fund (MPGFX) was the standout, averaging 12.9% annual gains for the past decade.

Large-Cap Growth Funds: There are about 499 funds in this category with an average of $1.4 billion in net assets. Their returns averaged 6.0% annually in the past decade. The lead among this pack is taken by the Janus Growth & Income (JAGIX) with market cap of 6.6 billion and a solid return of (10-year average) 11.4%.

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