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The select shares of the Barr Rosenberg U.S. Small Capitalization fund, which reopened to new shareholders on March 27, lost 15.4percentt from March 10 through April 20.
They are the Laudus Rosenberg U.S. Large Capitalization fund, with $100.9 million in assets on March 31, according to Schwab; the U.S. Discovery fund, with $347 million; the International Discovery fund, $341.6 million; and the International Small Capitalization fund, $340.8 million.
In short, Magellan is closer to a medium capitalization fund manager, which is neither good nor bad just so long as stock selection is above average.
The Japan Smaller Capitalization Fund (JOF, 7.21), which describes itself as a nondiversified fund seeking long-term capital appreciation, has at least 80% of its assets selling on various Japanese exchanges.
It also aims to mobilize additional capital for IFC investments as it can make certain types of investments which the IFC cannot., the AMC managed the IFC Capitalization Fund (Equity) Fund, L.P., the IFC Capitalization (Subordinated Debt) Fund, L.P., the IFC African, Latin American, and Caribbean Fund, L.P., and the Africa Capitalization Fund, Ltd.
The cuts the Office of Management and Budget put forward Monday do not appear to include reductions to the EPA's capitalization fund, roughly $2 billion set aside as loans for states to improve sewers and drinking water infrastructure.
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For example, holding a small-capitalization stock fund along with an aggressive growth fund will likely result in duplicate holdings.
Unlike the first quarter, when there were clear-cut winners -- small-capitalization stock funds, real estate funds and emerging-market funds, to name a few -- the second quarter was "all over the map," Mr. Kinnel said.
While General Mills, which makes Cheerios, is too big a company for Ms. Hoover's small-capitalization stock fund, she does own shares of the International Multifoods Corporation, the holding company whose brands include some Pillsbury products and Hungry Jack foods.
The Freeman-Brown study found that public pension funds paid just 21 basis points for investment advice on the management of large-capitalization stock funds, compared with 52 basis points paid by investors in similar mutual funds.
Small-capitalization stock funds, which typically limit their purchases to stocks with market caps of less than $2 billion, trounced funds that buy larger companies.
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