[Highlights and Commentary]

Most Alarming 3-ALARM Funds
(Fund data as of December 31, 2009)

To identify the most alarming 3-ALARM funds, we examine the performance of each 3-ALARM fund in this month's database versus its respective benchmark. We give three-year performance versus benchmark a 30% weight, and we weight five-year performance 70%. We then add these two weightings for an overall "Weighted Performance Rating." The Weighted Performance Rating is useful for comparing comparative ugliness within each benchmark category, but isn't meaningful when used to compare funds in different categories.

The following table lists up to 50 funds within each benchmark category (except the Specialty category, where we list up to 10 funds in each of the eight sub-categories). The most alarming fund in each category is listed first, the next most alarming, and so on.

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View an alphabetical listing of this month's most-alarming funds

3-ALARM FundWeighted
Performance
Rating
Benchmark
Value Line (VLIFX) -8.9 Dreyf MidCap Idx
BlackRock Aurora Inv B (SSRPX) -8.5 Dreyf MidCap Idx
BlackRock Aurora Inv C (SSRDX) -8.4 Dreyf MidCap Idx
BlackRock Aurora Inv A (SSRAX) -7.7 Dreyf MidCap Idx
Virtus Small-Cap Growth B (PSMGX) -7.6 Dreyf MidCap Idx
Bridgeway Aggressive Inv 1 (BRAGX) -7.3 Dreyf MidCap Idx
Columbia Mid Cap Core Z (UMVEX) -7.2 Dreyf MidCap Idx
Fountainhead Special Value (KINGX) -6.9 Dreyf MidCap Idx
Virtus Small-Cap Growth A (PAMAX) -6.9 Dreyf MidCap Idx
Quantitative Small Cap Ord (USBNX) -6.6 Dreyf MidCap Idx
Quantitative Small Cap Instl (QBNAX) -6.3 Dreyf MidCap Idx
Electric City Value (ECVFX) -6.2 Dreyf MidCap Idx
Quaker Mid-Cap Value A (QMCVX) -5.8 Dreyf MidCap Idx
Dreyfus Active MicCap A (DNLDX) -5.7 Dreyf MidCap Idx
Aquila Rocky Mountain A (ROCAX) -5.6 Dreyf MidCap Idx
Sentinel Mid-Cap Growth B (SMGBX) -5.6 Dreyf MidCap Idx
Lord Abbett Mid-Cap Value B (LMCBX) -5.4 Dreyf MidCap Idx
Lord Abbett Mid-Cap Value C (LMCCX) -5.4 Dreyf MidCap Idx
Aquila Rocky Mountain Y (ROCYX) -5.3 Dreyf MidCap Idx
AssetMark Small/Mid Cap Value (AFSVX) -5.3 Dreyf MidCap Idx
Brandywine (BRWIX) -5.3 Dreyf MidCap Idx
Schwartz Value (RCMFX) -5.2 Dreyf MidCap Idx
Marketocracy Masters 100 (MOFQX) -5.1 Dreyf MidCap Idx
Allianz NFJ Renaissance B (PQNBX) -5 Dreyf MidCap Idx
Allianz NFJ Renaissance C (PQNCX) -5 Dreyf MidCap Idx
Sentinel Sustainable Growth Opp A (WAEGX) -5 Dreyf MidCap Idx
State Farm Small Cap Equity B (SSNBX) -5 Dreyf MidCap Idx
API Efficient Frontier Value A (ADVAX) -4.9 Dreyf MidCap Idx
Lord Abbett Mid-Cap Value P (LMCPX) -4.9 Dreyf MidCap Idx
Lord Abbett Mid-Cap Value A (LAVLX) -4.8 Dreyf MidCap Idx
Vanguard Strategic Equity (VSEQX) -4.8 Dreyf MidCap Idx
Evergreen Mid Cap Growth B (EKABX) -4.7 Dreyf MidCap Idx
AFBA 5Star Small Cap I (AFCIX) -4.6 Dreyf MidCap Idx
Performance Mid Cap Equity A (PCGCX) -4.6 Dreyf MidCap Idx
Accessor Small to Mid Cap Inv (ACSIX) -4.5 Dreyf MidCap Idx
Performance Mid Cap Equity Instl (PCGIX) -4.5 Dreyf MidCap Idx
Lord Abbett Mid-Cap Value I (LMCYX) -4.4 Dreyf MidCap Idx
TCW Value Oppty N (TGVNX) -4.4 Dreyf MidCap Idx
Allianz NFJ Renaissance A (PQNAX) -4.3 Dreyf MidCap Idx
Allianz NFJ Renaissance D (PREDX) -4.3 Dreyf MidCap Idx
Dreyfus Mid-Cap Growth F (FRSPX) -4.3 Dreyf MidCap Idx
Franklin Balance Sheet Investment A (FRBSX) -4.3 Dreyf MidCap Idx
Sentinel Mid-Cap Growth A (SNTNX) -4.3 Dreyf MidCap Idx
Al Frank Fund (VALUX) -4.1 Dreyf MidCap Idx
Allianz NFJ Renaissance Admin (PRAAX) -4.1 Dreyf MidCap Idx
Evergreen Mid Cap Growth A (EKAAX) -4.1 Dreyf MidCap Idx
FAM Equity-Income Inv (FAMEX) -4.1 Dreyf MidCap Idx
IPO Plus Aftermarket (IPOSX) -4.1 Dreyf MidCap Idx
TCW Value Oppty I (TGVOX) -4.1 Dreyf MidCap Idx
Accessor Small to Mid Cap Instl (ASMCX) -4 Dreyf MidCap Idx
     
ProFunds UltraJapan Inv (UJPIX) -21.4 Schwab Intl Idx
JPMorgan Intrepid Japan B (CVJBX) -9.8 Schwab Intl Idx
JPMorgan Intrepid Japan A (CVJAX) -9.3 Schwab Intl Idx
Fidelity Adv Japan C (FAJCX) -9 Schwab Intl Idx
Fidelity Japan Small Co (FJSCX) -8.6 Schwab Intl Idx
Matthews Japan (MJFOX) -8.2 Schwab Intl Idx
Rydex/SGI Global 130/30 Strategy H (RYQMX) -7.6 Schwab Intl Idx
Commonwealth Japan (CNJFX) -7.2 Schwab Intl Idx
T. Rowe Price Japan (PRJPX) -7 Schwab Intl Idx
Columbia Global Value C (NCGLX) -6.9 Schwab Intl Idx
Calvert Intl Eq C (CWVCX) -6.6 Schwab Intl Idx
Hartford Intl Growth A (HNCAX) -6.5 Schwab Intl Idx
Nomura Partners The Japan S (SJPNX) -6.3 Schwab Intl Idx
Hennessy Select SPARX Japan Instl (SPARX) -6.2 Schwab Intl Idx
Hartford Intl Grth HLS IA (HNCIX) -5.9 Schwab Intl Idx
Calvert Intl Eq A (CWVGX) -5.8 Schwab Intl Idx
SEI International Trust Equity A (SEITX) -5.7 Schwab Intl Idx
Morgan Stanley Global Div Growth Secs C (GLBCX) -5.6 Schwab Intl Idx
PL Intl Value A (PFAIX) -5.1 Schwab Intl Idx
Morgan Stanley Global Div Growth Secs A (GLBAX) -4.9 Schwab Intl Idx
Morgan Stanley Global Div Growth Secs B (GLBBX) -4.9 Schwab Intl Idx
Fidelity Japan (FJPNX) -4.8 Schwab Intl Idx
Transamerica Partners Intl Equity (DVIEX) -4.8 Schwab Intl Idx
Virtus Global Opptys A (NWWOX) -4.8 Schwab Intl Idx
Morgan Stanley Global Div Growth Secs I (GLBDX) -4.6 Schwab Intl Idx
Bernstein Tax-Managed Intl (SNIVX) -4.5 Schwab Intl Idx
Goldman Sachs Concent Intl Equity B (GSEBX) -4.4 Schwab Intl Idx
Goldman Sachs Concent Intl Equity C (GSICX) -4.4 Schwab Intl Idx
AIM Global Equity A (GTNDX) -4.1 Schwab Intl Idx
ING Global Equity Div C (ICGEX) -4 Schwab Intl Idx
Laudus Rosenberg Intl Small Cap Inv (RISIX) -4 Schwab Intl Idx
Legg Mason Batterymarch Global Equity A (CFIPX) -4 Schwab Intl Idx
Putnam Intl Value B (PGNBX) -3.9 Schwab Intl Idx
Dreyfus/The Boston Co Intl Core Equity (SDIEX) -3.8 Schwab Intl Idx
Goldman Sachs Concent Intl Equity Svc (GSISX) -3.8 Schwab Intl Idx
Marshall International Stock Inv (MRISX) -3.8 Schwab Intl Idx
Putnam Global Equity B (PEQBX) -3.8 Schwab Intl Idx
AssetMark Intl Equity (AFIEX) -3.7 Schwab Intl Idx
Goldman Sachs Concent Intl Equity A (GSIFX) -3.7 Schwab Intl Idx
Ivy European Oppty B (IEOBX) -3.7 Schwab Intl Idx
Laudus Rosenberg Intl Small Cap Sel (ICSIX) -3.7 Schwab Intl Idx
Legg Mason Batterymarch International Equity Trust C (LMGEX) -3.7 Schwab Intl Idx
Dreyfus Intl Eq A (DIEAX) -3.5 Schwab Intl Idx
BB&T International Equity I (BBTIX) -3.4 Schwab Intl Idx
Goldman Sachs Equity Growth Strat B (GAPBX) -3.4 Schwab Intl Idx
Putnam Intl Equity B (POVBX) -3.4 Schwab Intl Idx
Putnam Intl Equity C (PIGCX) -3.4 Schwab Intl Idx
Dryden Intl Equity A (PJRAX) -3.3 Schwab Intl Idx
ING Global Equity Div A (IAGEX) -3.3 Schwab Intl Idx
MMA Praxis International A (MPIAX) -3.3 Schwab Intl Idx
     
ProFunds UltraSector Mobile Telecom Svc (WCPSX) -38 Specialty-Commun
ProFunds UltraSector Mobile Telecom Inv (WCPIX) -37.5 Specialty-Commun
ProFunds Telecom UltraSector Svc (TCPSX) -5.7 Specialty-Commun
ProFunds Telecom UltraSector Inv (TCPIX) -4.8 Specialty-Commun
     
ProFunds UltraSector Financials Svc (FNPSX) -19.6 Specialty-Financial
ProFunds UltraSector Financials Inv (FNPIX) -18.9 Specialty-Financial
Fidelity Select Home Finance (FSVLX) -17.6 Specialty-Financial
Senbanc (SENBX) -10.4 Specialty-Financial
Rydex Banking Adv (RYKAX) -9.4 Specialty-Financial
Rydex Banking Inv (RYKIX) -8.9 Specialty-Financial
Wells Fargo Adv Spec Financial Svcs B (SIFBX) -5.4 Specialty-Financial
ICON Financial (ICFSX) -5.2 Specialty-Financial
Wells Fargo Adv Spec Financial Svcs C (SIFCX) -5.2 Specialty-Financial
Wells Fargo Adv Spec Financial Svcs A (SIFEX) -4.7 Specialty-Financial
     
ICON Healthcare (ICHCX) -3.6 Specialty-Health
Munder Healthcare B (MFHBX) -3.6 Specialty-Health
Munder Healthcare C (MFHCX) -3.6 Specialty-Health
Evergreen Health Care B (EHCBX) -3.1 Specialty-Health
Evergreen Health Care C (EHCCX) -3.1 Specialty-Health
Munder Healthcare A (MFHAX) -2.9 Specialty-Health
Munder Healthcare K (MFHKX) -2.9 Specialty-Health
Munder Healthcare Y (MFHYX) -2.7 Specialty-Health
Evergreen Health Care A (EHABX) -2.3 Specialty-Health
ProFunds Biotech UltraSector Svc (BIPSX) -2.2 Specialty-Health
     
ProFunds Precious Metals UltraSector Inv (PMPIX) -13.5 Specialty-Metals
Rydex Precious Metals C (RYZCX) -7.1 Specialty-Metals
Rydex Precious Metals Inv (RYPMX) -6 Specialty-Metals
DWS Gold & Precious Metals B (SGDBX) -4.9 Specialty-Metals
DWS Gold & Precious Metals C (SGDCX) -4.8 Specialty-Metals
DWS Gold & Precious Metals A (SGDAX) -4 Specialty-Metals
DWS Gold & Precious Metals S (SCGDX) -3.8 Specialty-Metals
American Century Global Gold A (ACGGX) -3.1 Specialty-Metals
American Century Global Gold Inv (BGEIX) -2.9 Specialty-Metals
RiverSource Precious Metals & Mining B (INPBX) -1 Specialty-Metals
     
Oppenheimer Commodity Strat Tot Ret C (QRACX) -17.6 Specialty-NatRes
Oppenheimer Commodity Strat Tot Ret B (QRABX) -17.5 Specialty-NatRes
Oppenheimer Commodity Strat Tot Ret A (QRAAX) -16.8 Specialty-NatRes
Oppenheimer Commodity Strat Tot Ret Y (QRAYX) -16.4 Specialty-NatRes
Credit Suisse Commodity Ret Strat Com (CRSOX) -8.2 Specialty-NatRes
PIMCO Commodity Real Ret Strat B (PCRBX) -7.8 Specialty-NatRes
PIMCO Commodity Real Ret Strat C (PCRCX) -7.7 Specialty-NatRes
PIMCO Commodity Real Ret Strat A (PCRAX) -7 Specialty-NatRes
PIMCO Commodity Real Ret Strat D (PCRDX) -7 Specialty-NatRes
ProFunds UltraSector Oil & Gas Svc (ENPSX) -6.8 Specialty-NatRes
     
ProFunds Real Estate UltraSector Svc (REPSX) -16.2 Specialty-RealEst
ProFunds Real Estate UltraSector Inv (REPIX) -15.4 Specialty-RealEst
RiverSource LaSalle Monthly Div Real Est C (SRECX) -7 Specialty-RealEst
Franklin Real Estate Securities C (FRRSX) -6.6 Specialty-RealEst
Franklin Real Estate Securities A (FREEX) -6 Specialty-RealEst
RiverSource LaSalle Monthly Div Real Est R5 (SREIX) -5.8 Specialty-RealEst
Franklin Real Estate Securities Adv (FRLAX) -5.7 Specialty-RealEst
Spirit of America Real Estate Inc & Growth A (SOAAX) -5.5 Specialty-RealEst
Davis Real Estate B (DREBX) -2.7 Specialty-RealEst
Davis Real Estate C (DRECX) -2.6 Specialty-RealEst
     
ICON Information Technology (ICTEX) -4.9 Specialty-Tech
Munder Technology B (MTFBX) -4.1 Specialty-Tech
Firsthand Technology Value (TVFQX) -4 Specialty-Tech
Morgan Stanley Technology B (IFOBX) -4 Specialty-Tech
Morgan Stanley Technology C (IFOCX) -4 Specialty-Tech
Munder Technology C (MTFTX) -4 Specialty-Tech
DWS Technology B (KTCBX) -3.9 Specialty-Tech
DWS Technology C (KTCCX) -3.6 Specialty-Tech
SunAmerica Focused Tech C (STNTX) -3.4 Specialty-Tech
AIM Technology B (ITYBX) -3.3 Specialty-Tech
     
ProFunds Utilities UltraSector Svc (UTPSX) -6.1 Specialty-Utils
ProFunds Utilities UltraSector Inv (UTPIX) -5.1 Specialty-Utils
Fidelity Telecom & Utilities (FIUIX) -3.3 Specialty-Utils
Van Kampen Utility B (VKUBX) -2.5 Specialty-Utils
Van Kampen Utility C (VKUCX) -2.5 Specialty-Utils
Putnam Global Utilities B (PUTBX) -2.2 Specialty-Utils
Putnam Global Utilities M (PUTMX) -2 Specialty-Utils
Fidelity Select Utilities Growth (FSUTX) -1.8 Specialty-Utils
Van Kampen Utility A (VKUAX) -1.8 Specialty-Utils
Fidelity Adv Utilities B (FAUBX) -1.7 Specialty-Utils
     
Fidelity Growth & Income (FGRIX) -8.1 Vang 500 Idx
Fifth Third Structured Large Cap Plus A (KNVIX) -6.3 Vang 500 Idx
Fifth Third Structured Large Cap Plus I (KNVEX) -6.1 Vang 500 Idx
DWS Strategic Value B (KDHBX) -5.5 Vang 500 Idx
AllianceBernstein Value C (ABVCX) -5.4 Vang 500 Idx
DWS Strategic Value C (KDHCX) -5.4 Vang 500 Idx
Transamerica Partners Large Value (DVEIX) -5.4 Vang 500 Idx
ICON Core Equity I (ICNIX) -5.2 Vang 500 Idx
State Farm Equity A Legacy (SLEAX) -5.2 Vang 500 Idx
Transamerica Partners Instl Large Value (DIVIX) -5.2 Vang 500 Idx
Goldman Sachs Structured Large Cap Value C (GCVCX) -5.1 Vang 500 Idx
AssetMark Large Cap Value (AFLVX) -5 Vang 500 Idx
Pioneer Value B (PBOTX) -4.8 Vang 500 Idx
Principal Large Cap Value III R2 (PPSNX) -4.8 Vang 500 Idx
DWS Strategic Value A (KDHAX) -4.7 Vang 500 Idx
Principal Large Cap Value III J (PLVJX) -4.7 Vang 500 Idx
DWS Strategic Value S (KDHSX) -4.6 Vang 500 Idx
Principal Large Cap Value III A (PPVAX) -4.6 Vang 500 Idx
Principal Large Cap Value III R3 (PPSFX) -4.6 Vang 500 Idx
Goldman Sachs Structured Large Cap Value A (GCVAX) -4.4 Vang 500 Idx
Principal Large Cap Value III R4 (PPSSX) -4.4 Vang 500 Idx
Monteagle Select Value (MVEIX) -4.2 Vang 500 Idx
Dreyfus S&P Stars B (BSPBX) -3.8 Vang 500 Idx
ProFunds Large Cap Value Inv (LVPIX) -3.8 Vang 500 Idx
Sparrow Growth A (SGFFX) -3.8 Vang 500 Idx
Alpine Dynamic Dividend (ADVDX) -3.7 Vang 500 Idx
Dreyfus S&P Stars C (BSPCX) -3.7 Vang 500 Idx
Pioneer Value A (PIOTX) -3.7 Vang 500 Idx
Goldman Sachs Structured U.S. Equity B (GSSBX) -3.6 Vang 500 Idx
Goldman Sachs Structured U.S. Equity C (GSU.S.X) -3.6 Vang 500 Idx
Quantitative Long/Short Ord (USBOX) -3.6 Vang 500 Idx
Target Large Cap Value T (TALVX) -3.5 Vang 500 Idx
Principal Large Cap Value B (PCCBX) -3.4 Vang 500 Idx
AIM Constellation B (CSTBX) -3.3 Vang 500 Idx
AIM Constellation C (CSTCX) -3.3 Vang 500 Idx
AIM Select Equity B (AGWBX) -3.2 Vang 500 Idx
AIM Select Equity C (AGWCX) -3.2 Vang 500 Idx
AllianceBernstein Growth & Income B (CBBDX) -3.2 Vang 500 Idx
AllianceBernstein Growth & Income C (CBBCX) -3.1 Vang 500 Idx
SunAmerica Focused Growth & Inc C (FOGTX) -3.1 Vang 500 Idx
SunAmerica Focused Growth & Income B (FOGBX) -3.1 Vang 500 Idx
Principal Large Cap Blend I B (PBLBX) -3 Vang 500 Idx
BB&T Large Cap I (BBISX) -2.9 Vang 500 Idx
Goldman Sachs Structured U.S. Equity A (GSSQX) -2.9 Vang 500 Idx
TCW Focused Equities N (TGFVX) -2.9 Vang 500 Idx
Accessor Value Instl (AVAIX) -2.8 Vang 500 Idx
American Century Inc & Growth C (ACGCX) -2.8 Vang 500 Idx
Goldman Sachs Structured Tax Mgd Equity B (GCTBX) -2.8 Vang 500 Idx
SunAmerica Value B (SSVBX) -2.8 Vang 500 Idx
USAA Income Stock (USISX) -2.8 Vang 500 Idx
     
ProFunds UltraShort NASDAQ Inv (USPIX) -21.2 Vang Bal Idx
Rydex Dynamic InverseNASDAQ-100 2x Strategy H (RYVNX) -20.2 Vang Bal Idx
ProFunds UltraBear Svc (URPSX) -12.2 Vang Bal Idx
ProFunds UltraBear Inv (URPIX) -11.3 Vang Bal Idx
Rydex Inverse S&P 500 2x Strategy H (RYTPX) -10.6 Vang Bal Idx
Oppenheimer Balanced B (OASBX) -8.5 Vang Bal Idx
Oppenheimer Balanced C (OASCX) -8.5 Vang Bal Idx
Oppenheimer Capital Income B (OPEBX) -7.8 Vang Bal Idx
Oppenheimer Capital Income C (OPECX) -7.8 Vang Bal Idx
Rydex Inverse NASDAQ-100Strategy Inv (RYAIX) -7.6 Vang Bal Idx
Oppenheimer Capital Income A (OPPEX) -7 Vang Bal Idx
Old Mutual Analytic Defensive Equity Z (ANDEX) -6.9 Vang Bal Idx
ICON Long Short I (IOLIX) -6.2 Vang Bal Idx
James Market Neutral (JAMNX) -5.2 Vang Bal Idx
Vantagepoint Asset Alloc (VPAAX) -4.8 Vang Bal Idx
SunAmerica 2020 High Watermark A (HWKAX) -4.6 Vang Bal Idx
Vanguard Asset Allocation (VAAPX) -4.5 Vang Bal Idx
Vanguard Asset Allocation Adm (VAARX) -4.4 Vang Bal Idx
GAMCO Westwood Income AAA (WESRX) -4 Vang Bal Idx
AllianceBernstein Balanced B (CABBX) -3.7 Vang Bal Idx
AllianceBernstein Balanced C (CBACX) -3.7 Vang Bal Idx
Wells Fargo Adv Asset Alloc B (SASBX) -3.5 Vang Bal Idx
SunAmerica Balanced Assets B (SBABX) -3.3 Vang Bal Idx
SunAmerica Balanced Assets C (SBDTX) -3.3 Vang Bal Idx
SunAmerica Focused Bal Strat B (FBABX) -3.1 Vang Bal Idx
BlackRock Balanced Cap B (MBCPX) -3 Vang Bal Idx
SunAmerica Focused Bal Strat C (FBACX) -3 Vang Bal Idx
AllianceBernstein Balanced A (CABNX) -2.9 Vang Bal Idx
BlackRock Balanced Cap C (MCCPX) -2.9 Vang Bal Idx
Wells Fargo Adv Asset Alloc A (SFAAX) -2.8 Vang Bal Idx
SunAmerica Focused Equity & Eq Strat C (FFICX) -2.7 Vang Bal Idx
SunAmerica Balanced Assets A (SBAAX) -2.6 Vang Bal Idx
Munder Asset Allocation Balanced K (MUBKX) -2.5 Vang Bal Idx
RiverSource Strategic Allocation B (IMRBX) -2.5 Vang Bal Idx
Principal LifeTime Strat Inc R2 (PLSNX) -2.4 Vang Bal Idx
BlackRock Balanced Cap A (MDCPX) -2.2 Vang Bal Idx
Munder Asset Allocation Balanced Y (MUBYX) -2.2 Vang Bal Idx
Principal LifeTime Strat Inc J (PLSJX) -2.2 Vang Bal Idx
SSgA Life Solutions Balanced (SSLBX) -2.2 Vang Bal Idx
SunAmerica Focused Equity & Eq Strat A (FFEAX) -2.1 Vang Bal Idx
Morgan Stanley Balanced C (BGRCX) -2 Vang Bal Idx
BlackRock Balanced Cap I (MACPX) -1.9 Vang Bal Idx
Dryden Asset Allocation Z (PABFX) -1.9 Vang Bal Idx
Hennessy Balanced (HBFBX) -1.9 Vang Bal Idx
Vanguard Market Neutral Inv (VMNFX) -1.8 Vang Bal Idx
Fifth Third LifeModel Moderate A (LMDAX) -1.7 Vang Bal Idx
ING Strategic Alloc Conservative I (ALEGX) -1.7 Vang Bal Idx
RiverSource Strategic Allocation A (IMRFX) -1.7 Vang Bal Idx
New Covenant Balanced Income (NCBIX) -1.6 Vang Bal Idx
DWS LifeCompass Retirement A (SUCAX) -1.5 Vang Bal Idx
     
Frontier MicroCap (FEFPX) -33.5 Vang SmCap Idx
SSgA Small Cap (SVSCX) -9.5 Vang SmCap Idx
Munder Small-Cap Value B (MCVBX) -8.6 Vang SmCap Idx
Hennessy Cornerstone Growth (HFCGX) -8.5 Vang SmCap Idx
Munder Small-Cap Value C (MCVCX) -8.5 Vang SmCap Idx
Rockland Small Cap Growth (RKGRX) -8 Vang SmCap Idx
Munder Small-Cap Value A (MNVAX) -7.9 Vang SmCap Idx
Munder Small-Cap Value K (MCVKX) -7.9 Vang SmCap Idx
Allegiant Multi-Factor Sm Cap Value A (AMRRX) -7.8 Vang SmCap Idx
Allegiant Multi-Factor Sm Cap Value I (AMRIX) -7.6 Vang SmCap Idx
Munder Micro-Cap Equity C (MMECX) -7.6 Vang SmCap Idx
Munder Small-Cap Value Y (MCVYX) -7.6 Vang SmCap Idx
Dreyfus Emerging Leaders (DRELX) -7.5 Vang SmCap Idx
Munder Micro-Cap Equity B (MMEBX) -7.5 Vang SmCap Idx
Bridgeway Micro-Cap Limited (BRMCX) -7.4 Vang SmCap Idx
Dreyfus Small Cap Value B (DSVBX) -7.4 Vang SmCap Idx
Calvert New Vision Small Cap A (CNVAX) -7.3 Vang SmCap Idx
Dreyfus Small Cap Value A (DSVAX) -6.8 Vang SmCap Idx
American Century Small Co Adv (ASQAX) -6.7 Vang SmCap Idx
Virtus Disciplined Small Cap Opp A (HSCZX) -6.7 Vang SmCap Idx
Dreyfus Small Cap Value I (DSVRX) -6.5 Vang SmCap Idx
Virtus Disciplined Small Cap Opp I (HSCIX) -6.5 Vang SmCap Idx
American Century Small Co Inv (ASQIX) -6.4 Vang SmCap Idx
Goldman Sachs Structured Sm Cap Equity B (GCSBX) -6.4 Vang SmCap Idx
Putnam Small Cap Value B (PSLBX) -6.4 Vang SmCap Idx
American Century Small Co Inst (ASCQX) -6.2 Vang SmCap Idx
Target Small Cap Growth T (TASGX) -6 Vang SmCap Idx
BlackRock Small Cap Value Inv B (CCVBX) -5.7 Vang SmCap Idx
DWS Small Cap Core S (SSLCX) -5.7 Vang SmCap Idx
Putnam Small Cap Value A (PSLAX) -5.7 Vang SmCap Idx
Bridgeway Ultra-Small Co. Market (BRSIX) -5.6 Vang SmCap Idx
Nuveen NWQ Small Cap Value C (NSCCX) -5.6 Vang SmCap Idx
Putnam Small Cap Value Y (PYSVX) -5.5 Vang SmCap Idx
Bridgeway Small Cap Growth (BRSGX) -5.4 Vang SmCap Idx
Goldman Sachs Structured Sm Cap Equity I (GCSIX) -5.3 Vang SmCap Idx
Principal Ptr Small Cap Val I R2 (PPKNX) -5.3 Vang SmCap Idx
Dryden Small Cap Core Equity C (PQVCX) -5.2 Vang SmCap Idx
Managers Special Equity Managers (MGSEX) -5.2 Vang SmCap Idx
Putnam Small Cap Growth A (PNSAX) -5.2 Vang SmCap Idx
Pacific Cap Small Cap C (PCCCX) -5.1 Vang SmCap Idx
Scout TrendStar Small Cap Fund (TRESX) -5.1 Vang SmCap Idx
SunAmerica Focused Small-Cap Value B (SSSBX) -5.1 Vang SmCap Idx
BlackRock Small Cap Val Svc (PSESX) -5 Vang SmCap Idx
BlackRock Small Cap Value Inv A (PSEIX) -5 Vang SmCap Idx
BlackRock Value Opptys B (MBSPX) -5 Vang SmCap Idx
BlackRock Value Opptys C (MCSPX) -5 Vang SmCap Idx
Managers Special Equity I (MSEIX) -5 Vang SmCap Idx
SunAmerica Focused Small-Cap Value C (SSSTX) -5 Vang SmCap Idx
James Small Cap (JASCX) -4.9 Vang SmCap Idx
Virtus Disciplined Small Cap Value A (HSVZX) -4.9 Vang SmCap Idx
Thanks to FundAlarm reader George Sawdy for his assistance in
developing the weighting system used in this table.