[Highlights and Commentary]

Most Alarming 3-ALARM Funds
(Fund data as of March 31, 2008)

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
ICON Consumer Discretion (ICCCX) -8.2 Dreyf MidCap Idx
Matthew 25 (MXXVX) -7.6 Dreyf MidCap Idx
Legg Mason Spec Investment Prim (LMASX) -6.9 Dreyf MidCap Idx
Natixis Harris Associates Focused Value A (NRSAX) -6.9 Dreyf MidCap Idx
Phoenix Mid Cap Grth B (PSKBX) -6.7 Dreyf MidCap Idx
FAM Equity-Income (FAMEX) -6.6 Dreyf MidCap Idx
Enterprise Mergers & Acquisitions C (EMACX) -6.3 Dreyf MidCap Idx
Electric City Value (ECVFX) -6.2 Dreyf MidCap Idx
SunAmerica New Century B (SEGBX) -6.1 Dreyf MidCap Idx
Oppenheimer Mid Cap B (OMDBX) -5.9 Dreyf MidCap Idx
Oppenheimer Mid Cap C (OMDCX) -5.9 Dreyf MidCap Idx
Phoenix Mid Cap Grth A (PHSKX) -5.9 Dreyf MidCap Idx
Legg Mason Spec Investment Instl (LMNSX) -5.8 Dreyf MidCap Idx
Ariel (ARGFX) -5.5 Dreyf MidCap Idx
Phoenix Small-Mid Cap I (PKSFX) -5.5 Dreyf MidCap Idx
AssetMark Small/Mid Cap Value (AFSVX) -5.3 Dreyf MidCap Idx
SunAmerica New Century A (SEGAX) -5.3 Dreyf MidCap Idx
Flex-funds Quantex (FLCGX) -5.2 Dreyf MidCap Idx
Oppenheimer Mid Cap A (OMDAX) -5.1 Dreyf MidCap Idx
MFS Mid Cap Growth B (OTCBX) -5 Dreyf MidCap Idx
MFS Mid Cap Growth C (OTCCX) -5 Dreyf MidCap Idx
Monetta Mid-Cap Equity (MMCEX) -5 Dreyf MidCap Idx
Kirr Marbach Partners Value (KMVAX) -4.8 Dreyf MidCap Idx
Ariel Appreciation (CAAPX) -4.5 Dreyf MidCap Idx
FAM Value (FAMVX) -4.5 Dreyf MidCap Idx
Fidelity Select Retailing (FSRPX) -4.5 Dreyf MidCap Idx
Principal Inv Mid Cap Stock C (Principal InvCCX) -4.5 Dreyf MidCap Idx
Putnam Discovery Growth B (PVYBX) -4.5 Dreyf MidCap Idx
Putnam Vista B (PVTBX) -4.5 Dreyf MidCap Idx
Delaware Trend B (DERBX) -4.3 Dreyf MidCap Idx
Delaware Trend C (DETCX) -4.3 Dreyf MidCap Idx
Putnam Vista M (PVIMX) -4.3 Dreyf MidCap Idx
Putnam Discovery Growth M (PVYMX) -4.2 Dreyf MidCap Idx
Hennessy Cornerstone Growth (HFCGX) -4 Dreyf MidCap Idx
Fountainhead Special Value (KINGX) -3.9 Dreyf MidCap Idx
Rydex Multi-Cap Core Equity H (RYQMX) -3.9 Dreyf MidCap Idx
Dreyfus Premier Midcap Stock A (DPMAX) -3.8 Dreyf MidCap Idx
Lord Abbett Mid-Cap Value B (LMCBX) -3.8 Dreyf MidCap Idx
Lord Abbett Mid-Cap Value C (LMCCX) -3.8 Dreyf MidCap Idx
Managers AMG Chicago Eq Part Mid-Cap C (MKPCX) -3.8 Dreyf MidCap Idx
Fidelity Select Automotive (FSAVX) -3.7 Dreyf MidCap Idx
Navellier Mid Cap Growth (NPMDX) -3.7 Dreyf MidCap Idx
Putnam Vista A (PVISX) -3.7 Dreyf MidCap Idx
Dreyfus Premier Midcap Stock I (DDMRX) -3.6 Dreyf MidCap Idx
MainStay Equity Income B (MEIBX) -3.6 Dreyf MidCap Idx
Putnam Discovery Growth A (PVIIX) -3.6 Dreyf MidCap Idx
Delaware Trend A (DELTX) -3.5 Dreyf MidCap Idx
Putnam Vista Y (PVIYX) -3.5 Dreyf MidCap Idx
Rydex Transportation Inv (RYPIX) -3.4 Dreyf MidCap Idx
Wells Fargo Adv C&B Mid Cap Value D (CBMDX) -3.4 Dreyf MidCap Idx
     
American Heritage (AHERX) -25.7 Schwab Intl Idx
Commonwealth Japan (CNJFX) -16.1 Schwab Intl Idx
Credit Suisse Japan Equity Comm (WPJGX) -12.5 Schwab Intl Idx
Credit Suisse Japan Equity Adv (WPJAX) -12.3 Schwab Intl Idx
Fidelity Adv Japan C (FAJCX) -11.1 Schwab Intl Idx
Fidelity Japan Small Co (FJSCX) -10.3 Schwab Intl Idx
Matthews Japan (MJFOX) -9.3 Schwab Intl Idx
Morgan Stanley Japan B (JPNBX) -8.8 Schwab Intl Idx
Morgan Stanley Japan C (JPNCX) -8.8 Schwab Intl Idx
Goldman Sachs Japanese Eqty C (GSJCX) -8.7 Schwab Intl Idx
UBS Global Allocation B (BNPBX) -8.7 Schwab Intl Idx
JPMorgan Intrepid Japan B (CVJBX) -8.5 Schwab Intl Idx
Janus Adviser Worldwide S (JWGRX) -8 Schwab Intl Idx
JPMorgan Intrepid Japan A (CVJAX) -7.9 Schwab Intl Idx
AIM Global Value B (AWSBX) -7.8 Schwab Intl Idx
Ivy Cundill Global Value B (ICDBX) -7.8 Schwab Intl Idx
UBS Global Allocation A (BNGLX) -7.8 Schwab Intl Idx
Ivy Cundill Global Value C (ICDCX) -7.6 Schwab Intl Idx
UBS Global Allocation Y (BPGLX) -7.6 Schwab Intl Idx
DFA Japanese Small Co I (DFJSX) -7.5 Schwab Intl Idx
Evergreen Global Large Cap Equity B (EBGLX) -7.5 Schwab Intl Idx
Janus Aspen Worldwide Growth Instl (JAWGX) -7.5 Schwab Intl Idx
Janus Worldwide (JAWWX) -7.5 Schwab Intl Idx
Transamerica Templeton Transameric Global B (IGLWX) -7.4 Schwab Intl Idx
Russell Tax Managed Global Equity C (RTGCX) -7.2 Schwab Intl Idx
Templeton Growth C (TEGTX) -7.1 Schwab Intl Idx
AIM Global Value A (AWSAX) -7 Schwab Intl Idx
DWS Japan Equity S (FJESX) -6.9 Schwab Intl Idx
Columbia World Equity B (CGUBX) -6.8 Schwab Intl Idx
Columbia World Equity C (CGUCX) -6.8 Schwab Intl Idx
Huntington Rotating Markets A (HRIAX) -6.8 Schwab Intl Idx
Ivy Cundill Global Value A (ICDAX) -6.8 Schwab Intl Idx
Evergreen Global Large Cap Equity A (EAGLX) -6.7 Schwab Intl Idx
Van Kampen Global Value Equity B (MGEBX) -6.7 Schwab Intl Idx
Van Kampen Global Value Equity C (MGECX) -6.7 Schwab Intl Idx
Goldman Sachs Growth Str B (GGSBX) -6.6 Schwab Intl Idx
Goldman Sachs Growth Str C (GGSCX) -6.6 Schwab Intl Idx
Oppenheimer Quest Intl B (QIVBX) -6.5 Schwab Intl Idx
Oppenheimer Quest Intl C (QIVCX) -6.5 Schwab Intl Idx
Templeton Growth R (TEGRX) -6.5 Schwab Intl Idx
Japan S (SJPNX) -6.4 Schwab Intl Idx
UBS Global Equity Y (BPGEX) -6.4 Schwab Intl Idx
Credit Suisse Global Small Cap Adv (WPVAX) -6.3 Schwab Intl Idx
Morgan Stanley Global Div Growth C (GLBCX) -6.3 Schwab Intl Idx
Templeton Growth A (TEPLX) -6.3 Schwab Intl Idx
Fidelity Japan (FJPNX) -6.2 Schwab Intl Idx
Putnam Global Equity B (PEQBX) -6.1 Schwab Intl Idx
Credit Suisse Global Small Cap Comm (WVCCX) -6 Schwab Intl Idx
Templeton Growth Adv (TGADX) -6 Schwab Intl Idx
Columbia World Equity A (CGUAX) -5.9 Schwab Intl Idx
     
ProFunds UltraSector Mobile Telecom Svc (WCPSX) -23.9 Specialty-Commun
ProFunds UltraSector Mobile Telecom Inv (WCPIX) -23 Specialty-Commun
Fidelity Select Multimedia (FBMPX) -5.7 Specialty-Commun
DWS Communications B (FTEBX) -4.4 Specialty-Commun
DWS Communications C (FTICX) -4.4 Specialty-Commun
DWS Communications A (TISHX) -3.6 Specialty-Commun
DWS Communications I (FLICX) -3.3 Specialty-Commun
     
Fidelity Select Home Finance (FSVLX) -11.5 Specialty-Financial
Senbanc (SENBX) -8.7 Specialty-Financial
Rydex Banking Adv (RYKAX) -7.7 Specialty-Financial
Rydex Banking Inv (RYKIX) -7.1 Specialty-Financial
AIM Financial Services C (IFSCX) -5.6 Specialty-Financial
ProFunds UltraSector Financial Svc (FNPSX) -5.3 Specialty-Financial
AIM Financial Services Inv (FSFSX) -4.8 Specialty-Financial
Fidelity Select Banking (FSRBX) -4.4 Specialty-Financial
ProFunds UltraSector Financial Inv (FNPIX) -4.3 Specialty-Financial
Wells Fargo Adv Spec Financial Svcs C (SIFCX) -3.3 Specialty-Financial
     
ProFunds Pharmaceuticals UltraSector Svc (PHPSX) -13.1 Specialty-Health
ProFunds Pharmaceuticals UltraSector Inv (PHPIX) -12.2 Specialty-Health
Saratoga Health & Biotech B (SHPBX) -6.4 Specialty-Health
ProFunds UltraSector Health Care Svc (HCPSX) -5.8 Specialty-Health
ProFunds UltraSector Health Care Inv (HCPIX) -4.9 Specialty-Health
Putnam Health Sciences B (PHSBX) -3.7 Specialty-Health
Putnam Health Sciences C (PCHSX) -3.7 Specialty-Health
Putnam Health Sciences M (PHLMX) -3.4 Specialty-Health
Allianz RCM Healthcare D (DGHCX) -3.1 Specialty-Health
Integrity Health Sciences A (IHLAX) -3 Specialty-Health
     
Rydex Precious Metals C (RYZCX) -8.7 Specialty-Metals
Rydex Precious Metals Inv (RYPMX) -7.4 Specialty-Metals
RiverSource Precious Metals & Mining B (INPBX) -4.6 Specialty-Metals
American Century Global Gold A (ACGGX) -4.1 Specialty-Metals
American Century Global Gold Inv (BGEIX) -3.9 Specialty-Metals
RiverSource Precious Metals & Mining A (INPMX) -3.6 Specialty-Metals
Tocqueville Gold (TGLDX) -2 Specialty-Metals
AIM Gold & Prec Metals Inv (FGLDX) -0.4 Specialty-Metals
     
Fidelity Select Paper & Forest Pr (FSPFX) -23.3 Specialty-NatRes
Rydex Basic Materials Inv (RYBIX) -4 Specialty-NatRes
Fidelity Select Materials (FSDPX) -3.5 Specialty-NatRes
Rydex Energy Adv (RYEAX) -2.5 Specialty-NatRes
Putnam Global Natural Res B (PNRBX) -2.4 Specialty-NatRes
Putnam Global Natural Res M (PGLMX) -2.1 Specialty-NatRes
Rydex Energy Inv (RYEIX) -1.9 Specialty-NatRes
Putnam Global Natural Res A (EBERX) -1.5 Specialty-NatRes
Morgan Stanley Natural Res B (NREBX) -1.4 Specialty-NatRes
Morgan Stanley Natural Res C (NRECX) -1.4 Specialty-NatRes
     
Kensington Select Income A (KIFAX) -14.4 Specialty-RealEst
Alpine U.S. Real Estate Eqty (EUEYX) -7.9 Specialty-RealEst
Franklin Real Estate Secur C (FRRSX) -6.9 Specialty-RealEst
Kensington Strategic Realty B (KSRBX) -6.9 Specialty-RealEst
Kensington Strategic Realty C (KSRCX) -6.9 Specialty-RealEst
Franklin Real Estate Secur A (FREEX) -6.1 Specialty-RealEst
Kensington Strategic Realty A (KSRAX) -6 Specialty-RealEst
Franklin Real Estate Secur Adv (FRLAX) -5.8 Specialty-RealEst
Spirit of America Real Estate Inc & Growth A (SOAAX) -5.7 Specialty-RealEst
Cohen & Steers Realty Income B (CSBIX) -4.4 Specialty-RealEst
     
ProFunds Semiconductor UltraSector Svc (SMPSX) -11.5 Specialty-Tech
ProFunds Semiconductor UltraSector Inv (SMPIX) -10.5 Specialty-Tech
Rydex Electronics Adv (RYSAX) -8.4 Specialty-Tech
JHancock Technology B (FGTBX) -8.1 Specialty-Tech
JHancock Technology C (JHTCX) -8.1 Specialty-Tech
Fidelity Sel Networking & Infrastruc (FNINX) -7.8 Specialty-Tech
Rydex Electronics Inv (RYSIX) -7.8 Specialty-Tech
JHancock Technology A (NTTFX) -7.4 Specialty-Tech
BlackRock Tech B (MBGTX) -6.9 Specialty-Tech
BlackRock Tech C (MCGTX) -6.9 Specialty-Tech
     
Rydex Utilities Adv (RYAUX) -5.6 Specialty-Utils
Rydex Utilities Inv (RYUIX) -5 Specialty-Utils
Gabelli Utilities AAA (GABUX) -4.9 Specialty-Utils
Morgan Stanley Utilities C (UTLCX) -3.8 Specialty-Utils
Van Kampen Utility B (VKUBX) -3.8 Specialty-Utils
Van Kampen Utility C (VKUCX) -3.8 Specialty-Utils
Franklin Utilities B (FRUBX) -3.5 Specialty-Utils
Franklin Utilities C (FRUSX) -3.5 Specialty-Utils
Fidelity Utilities (FIUIX) -3.2 Specialty-Utils
Morgan Stanley Utilities B (UTLBX) -3.2 Specialty-Utils
     
ING Index Plus LargeCap Equity B (NPPBX) -9.5 Vang 500 Idx
Legg Mason Partners Multi Disc All Cap Growth & Value B (SPBBX) -9 Vang 500 Idx
Legg Mason Partners Multi Disc All Cap Growth & Value C (SPBLX) -8.9 Vang 500 Idx
Legg Mason Partners All Cap 1 (LMGOX) -8.2 Vang 500 Idx
Kelmoore Strategy C (KSOIX) -7.5 Vang 500 Idx
Natixis Westpeak 130/30 Growth B (NECBX) -7.4 Vang 500 Idx
Kelmoore Strategy A (KSAIX) -6.8 Vang 500 Idx
Natixis Westpeak 130/30 Growth A (NEFCX) -6.6 Vang 500 Idx
Forester Value (FVALX) -6.2 Vang 500 Idx
Oakmark Select II (OARLX) -6.2 Vang 500 Idx
Legg Mason Value Prim (LMVTX) -6 Vang 500 Idx
Putnam Classic Equity B (PGIIX) -5.9 Vang 500 Idx
Oakmark Select I (OAKLX) -5.8 Vang 500 Idx
Putnam Classic Equity M (PGIMX) -5.6 Vang 500 Idx
Phoenix Capital Growth B (PGTBX) -5.5 Vang 500 Idx
Wells Fargo Adv Large Co Growth B (NVLOX) -5.4 Vang 500 Idx
Legg Mason Value FI (LMVFX) -5.3 Vang 500 Idx
Putnam Voyager B (PVOBX) -5.3 Vang 500 Idx
Putnam Voyager C (PVFCX) -5.3 Vang 500 Idx
Federated American Leaders B (FALBX) -5.2 Vang 500 Idx
Federated American Leaders C (FALCX) -5.2 Vang 500 Idx
Putnam Growth Opporty B (POGBX) -5.2 Vang 500 Idx
Putnam Growth Opporty C (POGCX) -5.2 Vang 500 Idx
Security Equity B (SEQBX) -5.2 Vang 500 Idx
Thompson Plumb Growth (THPGX) -5.2 Vang 500 Idx
Putnam Classic Equity A (PXGIX) -5.1 Vang 500 Idx
Fidelity Select Consumer Discretionary (FSCPX) -5 Vang 500 Idx
Legg Mason Value Instl (LMNVX) -5 Vang 500 Idx
Putnam Voyager M (PVOMX) -5 Vang 500 Idx
Phoenix Capital Growth A (PHGRX) -4.8 Vang 500 Idx
Putnam Tax Smart Equity B (PBTSX) -4.8 Vang 500 Idx
Torray Institutional (TORRX) -4.8 Vang 500 Idx
Clipper (CFIMX) -4.7 Vang 500 Idx
SSgA Aggressive Equity (SSAEX) -4.7 Vang 500 Idx
Putnam Research B (PRFBX) -4.6 Vang 500 Idx
Putnam Research C (PRACX) -4.6 Vang 500 Idx
Wells Fargo Adv Large Co Growth Z (WFLZX) -4.6 Vang 500 Idx
White Oak Select Growth (WOGSX) -4.6 Vang 500 Idx
MMA Praxis Core Stock B (MMPGX) -4.5 Vang 500 Idx
Putnam Voyager A (PVOYX) -4.5 Vang 500 Idx
Weitz Value (WVALX) -4.5 Vang 500 Idx
Credit Suisse Large Cap Growth C (CUCCX) -4.4 Vang 500 Idx
Federated American Leaders A (FALDX) -4.4 Vang 500 Idx
Federated American Leaders F (FALFX) -4.4 Vang 500 Idx
Fidelity Growth & Income (FGRIX) -4.4 Vang 500 Idx
Putnam Growth Opporty A (POGAX) -4.4 Vang 500 Idx
Security Equity A (SECEX) -4.4 Vang 500 Idx
Weitz Partners Value (WPVLX) -4.4 Vang 500 Idx
Copley (COPLX) -4.3 Vang 500 Idx
DWS Equity Partners B (FEPBX) -4.3 Vang 500 Idx
     
ProFunds UltraShort NASDAQ Inv (USPIX) -27 Vang Bal Idx
Rydex Inverse OTC 2x Strategy H (RYVNX) -26.9 Vang Bal Idx
Comstock Strategy C (CPFCX) -19.3 Vang Bal Idx
Comstock Strategy A (CPFAX) -18.6 Vang Bal Idx
Comstock Strategy O (CPSFX) -18.3 Vang Bal Idx
Rydex Inverse Govt Long Bond Strategy C (RYJCX) -12.1 Vang Bal Idx
Phoenix Market Neutral A (EMNAX) -10.8 Vang Bal Idx
Laudus Rosenberg Value Long/Short Eq Inv (BRMIX) -7.4 Vang Bal Idx
DWS Value Builder B (FVBBX) -6 Vang Bal Idx
DWS Value Builder A (FLVBX) -5.2 Vang Bal Idx
Merger (MERFX) -3.9 Vang Bal Idx
Oppenheimer Quest Bal B (QGRBX) -3.9 Vang Bal Idx
Oppenheimer Quest Bal C (QGRCX) -3.9 Vang Bal Idx
Aston Balanced N (CHTAX) -3.8 Vang Bal Idx
SunAmerica Balanced Assets B (SBABX) -3.8 Vang Bal Idx
Legg Mason Partners Lifestyle Allocation 30% A (SBCPX) -3.7 Vang Bal Idx
Legg Mason Partners Lifestyle Allocation 50% B (SCBBX) -3.7 Vang Bal Idx
SunAmerica Balanced Assets C (SBDTX) -3.7 Vang Bal Idx
SSgA Life Solutions Inc & Growth (SSLIX) -3.5 Vang Bal Idx
SEI Asset Alloc Diver Conserv Inc A (SACIX) -3.3 Vang Bal Idx
T. Rowe Price Tax-Effic Bal (PRTEX) -3.3 Vang Bal Idx
Hennessy Balanced (HBFBX) -3.2 Vang Bal Idx
Oppenheimer Quest Bal A (QVGIX) -3.1 Vang Bal Idx
Calvert Social Inv Bal B (CSLBX) -3 Vang Bal Idx
SunAmerica Balanced Assets A (SBAAX) -3 Vang Bal Idx
Evergreen Balanced B (EKBBX) -2.9 Vang Bal Idx
Legg Mason Partners Lifestyle Allocation 50% A (SBBAX) -2.9 Vang Bal Idx
Citizens Balanced (CFBLX) -2.8 Vang Bal Idx
Dreyfus Premier Balanced Oppty B (DBOBX) -2.8 Vang Bal Idx
George Putnam of Boston B (PGEBX) -2.8 Vang Bal Idx
New Covenant Balanced Income (NCBIX) -2.8 Vang Bal Idx
DWS Balanced B (KTRBX) -2.7 Vang Bal Idx
Principal Inv LifeTime Strat Adv Sel (PLSNX) -2.7 Vang Bal Idx
Principal Inv LifeTime Strat J (PLSJX) -2.7 Vang Bal Idx
George Putnam of Boston M (PGEMX) -2.6 Vang Bal Idx
Putnam Asset Alloc: Conserv A (PACAX) -2.6 Vang Bal Idx
Diversified Balanced Inv (DVIBX) -2.3 Vang Bal Idx
AllianceBernstein Balanced B (CABBX) -2.2 Vang Bal Idx
AllianceBernstein Balanced C (CBACX) -2.2 Vang Bal Idx
DWS Balanced A (KTRAX) -2.2 Vang Bal Idx
Evergreen Balanced A (EKBAX) -2.2 Vang Bal Idx
Hartford Advisers B (IHABX) -2.2 Vang Bal Idx
DWS LifeCompass Retirement A (SUCAX) -2.1 Vang Bal Idx
Goldman Sachs Balanced C (GSBCX) -2.1 Vang Bal Idx
Hartford Advisers C (HAFCX) -2.1 Vang Bal Idx
Oppenheimer Balanced B (OASBX) -2.1 Vang Bal Idx
Oppenheimer Balanced C (OASCX) -2.1 Vang Bal Idx
Robeco Boston Partners Long/Short Equity Inv (BPLEX) -2.1 Vang Bal Idx
Dreyfus Founders Balanced F (FRINX) -2 Vang Bal Idx
Dreyfus Premier Balanced Oppty A (DBOAX) -2 Vang Bal Idx
     
Frontier MicroCap (FEFPX) -36.5 Vang SmCap Idx
Van Wagoner Emerging Growth (VWEGX) -21.6 Vang SmCap Idx
Van Wagoner Small Cap Growth (VWMCX) -21.3 Vang SmCap Idx
Calvert New Vision Small Cap A (CNVAX) -10.6 Vang SmCap Idx
SunAmerica Growth Oppty B (SGWBX) -9.2 Vang SmCap Idx
MainStay Small Cap Growth B (MSOBX) -8.5 Vang SmCap Idx
SunAmerica Growth Oppty A (SGWAX) -8.5 Vang SmCap Idx
CNI Charter RCB Small Cap Value R (RCBSX) -8 Vang SmCap Idx
MainStay Small Cap Value B (MSPBX) -7.9 Vang SmCap Idx
MainStay Small Cap Growth A (MSMAX) -7.7 Vang SmCap Idx
Oberweis Emerging Growth (OBEGX) -7.6 Vang SmCap Idx
Goldman Sachs Structured Sm Cap Equity B (GCSBX) -7.4 Vang SmCap Idx
MainStay Small Cap Growth I (MSSIX) -7.4 Vang SmCap Idx
SSgA Small Cap (SVSCX) -7.2 Vang SmCap Idx
Delaware Small Cap Growth C (DSCCX) -7.1 Vang SmCap Idx
Dreyfus Premier Future Leaders B (DFLBX) -7.1 Vang SmCap Idx
Undiscovered Mgrs Small Cap Growth Inst (USRLX) -7.1 Vang SmCap Idx
Allegiant Multi-Factor Sm Cap Value A (AMRRX) -7 Vang SmCap Idx
Allegiant Multi-Factor Sm Cap Value I (AMRIX) -6.8 Vang SmCap Idx
DWS Small Cap Growth A (SSDAX) -6.8 Vang SmCap Idx
MassMutual Premier Small Company Opp A (DLBMX) -6.7 Vang SmCap Idx
Steward Small-Cap Equity Indv (TRDFX) -6.7 Vang SmCap Idx
Quaker Small Cap Growth B (QSGBX) -6.6 Vang SmCap Idx
JHancock Small Cap Equity B (SPVBX) -6.5 Vang SmCap Idx
JHancock Small Cap Equity C (SPVCX) -6.5 Vang SmCap Idx
Navellier Aggress Micro Cap (NPMCX) -6.5 Vang SmCap Idx
Target Small Cap Growth (TASGX) -6.5 Vang SmCap Idx
Dreyfus Emerging Leaders (DRELX) -6.3 Vang SmCap Idx
MassMutual Premier Small Company Opp S (MSCDX) -6.3 Vang SmCap Idx
Evergreen Special Equity I (ESDDX) -6.2 Vang SmCap Idx
Goldman Sachs Structured Sm Cap Equity I (GCSIX) -6.2 Vang SmCap Idx
LKCM Aquinas Small Cap (AQBLX) -6.2 Vang SmCap Idx
Aston/Veredus Aggressive Growth N (VERDX) -5.9 Vang SmCap Idx
Bjurman Barry Micro-Cap Growth (BMCFX) -5.8 Vang SmCap Idx
Seligman Frontier B (SLFBX) -5.8 Vang SmCap Idx
Seligman Frontier D (SLFDX) -5.8 Vang SmCap Idx
JHancock Small Cap Equity A (SPVAX) -5.7 Vang SmCap Idx
Franklin Small Cap Growth II B (FBSGX) -5.6 Vang SmCap Idx
Franklin Small Cap Growth II C (FCSGX) -5.6 Vang SmCap Idx
Tocqueville Small Cap Value (TSCVX) -5.6 Vang SmCap Idx
DWS Small Cap Value S (SCSUX) -5.5 Vang SmCap Idx
JHancock Small Cap A (DSISX) -5.1 Vang SmCap Idx
MainStay Small Cap Oppty A (MOPAX) -5.1 Vang SmCap Idx
MFS New Discovery B (MNDBX) -5 Vang SmCap Idx
MFS New Discovery C (MNDCX) -5 Vang SmCap Idx
Seligman Frontier A (SLFRX) -5 Vang SmCap Idx
Batterymarch US Small Cap Equity I (LMSIX) -4.9 Vang SmCap Idx
DWS Small Cap Core S (SSLCX) -4.9 Vang SmCap Idx
Pioneer Growth Opp A (PGOFX) -4.9 Vang SmCap Idx
Citizens Small Cap Core Growth (CSCSX) -4.8 Vang SmCap Idx
Thanks to FundAlarm reader George Sawdy for his assistance in
developing the weighting system used in this table.