(PUB) Investing 2015

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June 2015

Morningstar FundInvestor

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

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