[Highlights and Commentary]

Most Alarming 3-ALARM Funds
(Fund data as of May 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) -11.3 Dreyf MidCap Idx
Matthew 25 (MXXVX) -9.4 Dreyf MidCap Idx
Electric City Value (ECVFX) -7.9 Dreyf MidCap Idx
Fountainhead Special Value (KINGX) -7.9 Dreyf MidCap Idx
Natixis Harris Associates Focused Value A (NRSAX) -7.9 Dreyf MidCap Idx
Legg Mason Spec Investment Prim (LMASX) -7.7 Dreyf MidCap Idx
Ariel (ARGFX) -7.5 Dreyf MidCap Idx
Phoenix Mid Cap Grth B (PSKBX) -7.3 Dreyf MidCap Idx
FAM Equity-Income (FAMEX) -7.1 Dreyf MidCap Idx
Legg Mason Opportunity Prim (LMOPX) -6.7 Dreyf MidCap Idx
SunAmerica New Century B (SEGBX) -6.7 Dreyf MidCap Idx
Flex-funds Quantex (FLCGX) -6.6 Dreyf MidCap Idx
Legg Mason Spec Investment Instl (LMNSX) -6.6 Dreyf MidCap Idx
Phoenix Mid Cap Grth A (PHSKX) -6.5 Dreyf MidCap Idx
Ariel Appreciation (CAAPX) -6.4 Dreyf MidCap Idx
AssetMark Small/Mid Cap Value (AFSVX) -6.3 Dreyf MidCap Idx
Kinetics Global (WWWEX) -6.2 Dreyf MidCap Idx
Phoenix Small-Mid Cap I (PKSFX) -6.2 Dreyf MidCap Idx
Enterprise Mergers & Acquisitions C (EMACX) -6 Dreyf MidCap Idx
FAM Value (FAMVX) -6 Dreyf MidCap Idx
Fidelity Select Retailing (FSRPX) -6 Dreyf MidCap Idx
Legg Mason Opportunity F.I. (LMOFX) -6 Dreyf MidCap Idx
SunAmerica New Century A (SEGAX) -5.9 Dreyf MidCap Idx
Nicholas (NICSX) -5.7 Dreyf MidCap Idx
Oppenheimer Mid Cap B (OMDBX) -5.7 Dreyf MidCap Idx
Oppenheimer Mid Cap C (OMDCX) -5.7 Dreyf MidCap Idx
Fidelity Select Automotive (FSAVX) -5.6 Dreyf MidCap Idx
Kirr Marbach Partners Value (KMVAX) -5.6 Dreyf MidCap Idx
Legg Mason Opportunity Instl (LMNOX) -5.6 Dreyf MidCap Idx
Enterprise Mergers & Acquisitions A (EMAAX) -5.5 Dreyf MidCap Idx
Monetta Mid-Cap Equity (MMCEX) -5.5 Dreyf MidCap Idx
RiverSource Mid Cap Growth B (IDQBX) -5.4 Dreyf MidCap Idx
MFS Mid Cap Growth B (OTCBX) -5.3 Dreyf MidCap Idx
MFS Mid Cap Growth C (OTCCX) -5.3 Dreyf MidCap Idx
Putnam Discovery Growth B (PVYBX) -5.1 Dreyf MidCap Idx
Principal Inv Mid Cap Stock C (Principal InvCCX) -5 Dreyf MidCap Idx
Oppenheimer Mid Cap A (OMDAX) -4.9 Dreyf MidCap Idx
Wells Fargo Adv C&B Mid Cap Value D (CBMDX) -4.9 Dreyf MidCap Idx
Forward Opportunities A (HSYTX) -4.8 Dreyf MidCap Idx
Putnam Discovery Growth M (PVYMX) -4.8 Dreyf MidCap Idx
Rydex Multi-Cap Core Equity H (RYQMX) -4.8 Dreyf MidCap Idx
MFS Mid Cap Growth A (OTCAX) -4.5 Dreyf MidCap Idx
Aquila Rocky Mountain A (ROCAX) -4.4 Dreyf MidCap Idx
Fidelity Select Construct & Housing (FSHOX) -4.4 Dreyf MidCap Idx
BlackRock Aurora Inv B (SSRPX) -4.3 Dreyf MidCap Idx
BlackRock Aurora Inv C (SSRDX) -4.3 Dreyf MidCap Idx
Putnam Discovery Growth A (PVIIX) -4.3 Dreyf MidCap Idx
Hennessy Cornerstone Growth (HFCGX) -4.2 Dreyf MidCap Idx
Aquila Rocky Mountain Y (ROCYX) -4.1 Dreyf MidCap Idx
Delaware American Services B (DAMCX) -4.1 Dreyf MidCap Idx
     
American Heritage (AHERX) -23.5 Schwab Intl Idx
Commonwealth Japan (CNJFX) -14.3 Schwab Intl Idx
Fidelity Japan Small Co (FJSCX) -10.6 Schwab Intl Idx
Evergreen Asset Allocation B (EABFX) -9.7 Schwab Intl Idx
Evergreen Asst Allocation C (EACFX) -9.7 Schwab Intl Idx
UBS Global Allocation B (BNPBX) -9.3 Schwab Intl Idx
Evergreen Asset Allocation A (EAAFX) -8.9 Schwab Intl Idx
Janus Adviser Worldwide S (JWGRX) -8.8 Schwab Intl Idx
Matthews Japan (MJFOX) -8.6 Schwab Intl Idx
Fidelity Adv Japan C (FAJCX) -8.4 Schwab Intl Idx
Goldman Sachs Growth & Inc Str B (GOIBX) -8.4 Schwab Intl Idx
Goldman Sachs Growth & Inc Str C (GOICX) -8.4 Schwab Intl Idx
UBS Global Allocation A (BNGLX) -8.4 Schwab Intl Idx
Janus Worldwide (JAWWX) -8.3 Schwab Intl Idx
Ivy Cundill Global Value B (ICDBX) -8.2 Schwab Intl Idx
Janus Aspen Worldwide Growth Instl (JAWGX) -8.2 Schwab Intl Idx
UBS Global Allocation Y (BPGLX) -8.1 Schwab Intl Idx
Templeton Growth C (TEGTX) -8 Schwab Intl Idx
Ivy Cundill Global Value C (ICDCX) -7.9 Schwab Intl Idx
Transamerica Templeton Global B (IGLWX) -7.7 Schwab Intl Idx
AIM Global Value B (AWSBX) -7.6 Schwab Intl Idx
Credit Suisse Global Small Cap Adv (WPVAX) -7.6 Schwab Intl Idx
Goldman Sachs Growth & Inc Str A (GOIAX) -7.6 Schwab Intl Idx
Van Kampen Global Value Equity B (MGEBX) -7.6 Schwab Intl Idx
Van Kampen Global Value Equity C (MGECX) -7.6 Schwab Intl Idx
Templeton Growth R (TEGRX) -7.5 Schwab Intl Idx
DFA Japanese Small Co I (DFJSX) -7.4 Schwab Intl Idx
Dreyfus Premier Worldwide Growth B (PGWBX) -7.4 Schwab Intl Idx
JPMorgan Intrepid Japan B (CVJBX) -7.4 Schwab Intl Idx
Oppenheimer Quest Intl B (QIVBX) -7.4 Schwab Intl Idx
Credit Suisse Global Small Cap Comm (WVCCX) -7.3 Schwab Intl Idx
Dreyfus Premier Worldwide Growth C (PGRCX) -7.3 Schwab Intl Idx
Evergreen Global Large Cap Equity B (EBGLX) -7.3 Schwab Intl Idx
Oppenheimer Quest Intl C (QIVCX) -7.3 Schwab Intl Idx
Russell Tax Managed Global Equity C (RTGCX) -7.3 Schwab Intl Idx
Credit Suisse Global Small Cap A (CPVAX) -7.2 Schwab Intl Idx
Ivy Cundill Global Value A (ICDAX) -7.2 Schwab Intl Idx
Janus Global Value (JGVAX) -7.2 Schwab Intl Idx
Templeton Growth A (TEPLX) -7.2 Schwab Intl Idx
Morgan Stanley Global Div Growth C (GLBCX) -7.1 Schwab Intl Idx
Transamerica Templeton Global A (IGLBX) -7 Schwab Intl Idx
Morgan Stanley Japan B (JPNBX) -6.9 Schwab Intl Idx
Templeton Growth Adv (TGADX) -6.9 Schwab Intl Idx
UBS Global Equity Y (BPGEX) -6.9 Schwab Intl Idx
AIM Global Value A (AWSAX) -6.8 Schwab Intl Idx
Huntington Rotating Markets A (HRIAX) -6.8 Schwab Intl Idx
Morgan Stanley Japan C (JPNCX) -6.8 Schwab Intl Idx
Oppenheimer Quest Intl N (QIVNX) -6.8 Schwab Intl Idx
Van Kampen Global Value Equity A (MGEAX) -6.8 Schwab Intl Idx
JPMorgan Intrepid Japan A (CVJAX) -6.7 Schwab Intl Idx
     
ProFunds UltraSector Mobile Telecom Svc (WCPSX) -16.9 Specialty-Commun
ProFunds UltraSector Mobile Telecom Inv (WCPIX) -15.9 Specialty-Commun
Fidelity Select Multimedia (FBMPX) -7.4 Specialty-Commun
DWS Communications B (FTEBX) -5.2 Specialty-Commun
DWS Communications C (FTICX) -5.2 Specialty-Commun
DWS Communications A (TISHX) -4.4 Specialty-Commun
DWS Communications I (FLICX) -4.1 Specialty-Commun
Fidelity Select Telecomm (FSTCX) -2.3 Specialty-Commun
     
Fidelity Select Home Finance (FSVLX) -11.7 Specialty-Financial
Senbanc (SENBX) -8.9 Specialty-Financial
Rydex Banking Adv (RYKAX) -8.2 Specialty-Financial
Rydex Banking Inv (RYKIX) -7.6 Specialty-Financial
ProFunds UltraSector Financial Svc (FNPSX) -6.6 Specialty-Financial
ProFunds UltraSector Financial Inv (FNPIX) -5.7 Specialty-Financial
AIM Financial Services C (IFSCX) -5.6 Specialty-Financial
AIM Financial Services Inv (FSFSX) -4.8 Specialty-Financial
Fidelity Select Banking (FSRBX) -4.7 Specialty-Financial
JHancock Regional Bank B (FRBFX) -3.6 Specialty-Financial
     
ProFunds Pharmaceuticals UltraSector Svc (PHPSX) -11.8 Specialty-Health
ProFunds Pharmaceuticals UltraSector Inv (PHPIX) -10.9 Specialty-Health
Saratoga Health & Biotech B (SHPBX) -5.8 Specialty-Health
Allianz RCM Biotechnology B (RBBTX) -5.6 Specialty-Health
ProFunds UltraSector Health Care Svc (HCPSX) -5.4 Specialty-Health
ProFunds UltraSector Health Care Inv (HCPIX) -4.4 Specialty-Health
Putnam Health Sciences B (PHSBX) -3.2 Specialty-Health
Putnam Health Sciences C (PCHSX) -3.2 Specialty-Health
Allianz RCM Healthcare D (DGHCX) -3 Specialty-Health
AllianceBernstein Global Health Care B (AHLBX) -2.9 Specialty-Health
     
Rydex Precious Metals C (RYZCX) -9.2 Specialty-Metals
Rydex Precious Metals Inv (RYPMX) -8 Specialty-Metals
American Century Global Gold A (ACGGX) -5.1 Specialty-Metals
American Century Global Gold Inv (BGEIX) -4.8 Specialty-Metals
RiverSource Precious Metals & Mining B (INPBX) -3.2 Specialty-Metals
Tocqueville Gold (TGLDX) -2.9 Specialty-Metals
RiverSource Precious Metals & Mining A (INPMX) -2.2 Specialty-Metals
     
Fidelity Select Paper & Forest Pr (FSPFX) -24.8 Specialty-NatRes
Rydex Basic Materials Inv (RYBIX) -5.7 Specialty-NatRes
Fidelity Select Materials (FSDPX) -3.9 Specialty-NatRes
Putnam Global Natural Res B (PNRBX) -2.3 Specialty-NatRes
Putnam Global Natural Res M (PGLMX) -1.9 Specialty-NatRes
Rydex Energy Adv (RYEAX) -1.8 Specialty-NatRes
Putnam Global Natural Res A (EBERX) -1.3 Specialty-NatRes
Rydex Energy Inv (RYEIX) -1.1 Specialty-NatRes
     
Kensington Select Income A (KIFAX) -13 Specialty-RealEst
Alpine U.S. Real Estate Eqty (EUEYX) -11.2 Specialty-RealEst
Franklin Real Estate Secur C (FRRSX) -7.1 Specialty-RealEst
Kensington Strategic Realty B (KSRBX) -6.7 Specialty-RealEst
Kensington Strategic Realty C (KSRCX) -6.7 Specialty-RealEst
Franklin Real Estate Secur A (FREEX) -6.3 Specialty-RealEst
Franklin Real Estate Secur Adv (FRLAX) -6.1 Specialty-RealEst
Kensington Strategic Realty A (KSRAX) -5.9 Specialty-RealEst
Spirit of America Real Estate Inc & Growth A (SOAAX) -5.6 Specialty-RealEst
Cohen & Steers Realty Income B (CSBIX) -4.3 Specialty-RealEst
     
ProFunds Semiconductor UltraSector Svc (SMPSX) -13 Specialty-Tech
ProFunds Semiconductor UltraSector Inv (SMPIX) -12 Specialty-Tech
JHancock Technology B (FGTBX) -8.7 Specialty-Tech
JHancock Technology C (JHTCX) -8.7 Specialty-Tech
Rydex Electronics Adv (RYSAX) -8.5 Specialty-Tech
BlackRock Tech B (MBGTX) -8 Specialty-Tech
BlackRock Tech C (MCGTX) -8 Specialty-Tech
JHancock Technology A (NTTFX) -7.9 Specialty-Tech
Rydex Electronics Inv (RYSIX) -7.9 Specialty-Tech
BlackRock Tech A (MDGTX) -7.1 Specialty-Tech
     
Rydex Utilities Adv (RYAUX) -6.2 Specialty-Utils
Gabelli Utilities AAA (GABUX) -5.8 Specialty-Utils
Rydex Utilities Inv (RYUIX) -5.7 Specialty-Utils
Franklin Utilities B (FRUBX) -3.7 Specialty-Utils
Franklin Utilities C (FRUSX) -3.7 Specialty-Utils
Van Kampen Utility B (VKUBX) -3.6 Specialty-Utils
Van Kampen Utility C (VKUCX) -3.6 Specialty-Utils
Fidelity Utilities (FIUIX) -3.4 Specialty-Utils
Morgan Stanley Utilities C (UTLCX) -3.4 Specialty-Utils
Franklin Utilities A (FKUTX) -3.1 Specialty-Utils
     
Legg Mason Partners Multi Disc All Cap Growth & Value B (SPBBX) -8.7 Vang 500 Idx
Legg Mason Partners Multi Disc All Cap Growth & Value C (SPBLX) -8.7 Vang 500 Idx
Legg Mason Value Prim (LMVTX) -8 Vang 500 Idx
ING Index Plus LargeCap Equity B (NPPBX) -7.9 Vang 500 Idx
Legg Mason Partners All Cap 1 (LMGOX) -7.9 Vang 500 Idx
Kelmoore Strategy C (KSOIX) -7.7 Vang 500 Idx
Legg Mason Value FI (LMVFX) -7.4 Vang 500 Idx
Kelmoore Strategy A (KSAIX) -7 Vang 500 Idx
Legg Mason Value Instl (LMNVX) -7 Vang 500 Idx
Thompson Plumb Growth (THPGX) -6.6 Vang 500 Idx
Putnam Classic Equity B (PGIIX) -6 Vang 500 Idx
Natixis Westpeak 130/30 Growth B (NECBX) -5.9 Vang 500 Idx
CM Advisers (CMAFX) -5.8 Vang 500 Idx
Oakmark Select II (OARLX) -5.8 Vang 500 Idx
Wells Fargo Adv Large Co Growth B (NVLOX) -5.8 Vang 500 Idx
Putnam Classic Equity M (PGIMX) -5.7 Vang 500 Idx
Clipper (CFIMX) -5.5 Vang 500 Idx
Oakmark Select I (OAKLX) -5.5 Vang 500 Idx
Putnam Classic Equity A (PXGIX) -5.2 Vang 500 Idx
Boyar Value (BOYAX) -5.1 Vang 500 Idx
Natixis Westpeak 130/30 Growth A (NEFCX) -5.1 Vang 500 Idx
Weitz Value (WVALX) -5.1 Vang 500 Idx
Wells Fargo Adv Large Co Growth Z (WFLZX) -5.1 Vang 500 Idx
Fidelity Select Consumer Discretionary (FSCPX) -5 Vang 500 Idx
JHancock Classic Value B (JCVBX) -5 Vang 500 Idx
JHancock Classic Value C (JCVCX) -5 Vang 500 Idx
Legg Mason Amer Leading Prim (LMALX) -5 Vang 500 Idx
Federated American Leaders B (FALBX) -4.9 Vang 500 Idx
Federated American Leaders C (FALCX) -4.9 Vang 500 Idx
Dreyfus Premier Intrinsic Value B (BLCBX) -4.8 Vang 500 Idx
Torray Institutional (TORRX) -4.8 Vang 500 Idx
Wells Fargo Adv Large Co Growth Adm (NVLCX) -4.8 Vang 500 Idx
Fidelity Growth & Income (FGRIX) -4.7 Vang 500 Idx
Putnam Fund for Growth & Inc B (PGIBX) -4.7 Vang 500 Idx
Putnam Fund for Growth & Inc C (PGRIX) -4.7 Vang 500 Idx
Security Equity B (SEQBX) -4.7 Vang 500 Idx
Weitz Partners Value (WPVLX) -4.7 Vang 500 Idx
JHancock Growth Trends B (JGTBX) -4.5 Vang 500 Idx
SSgA Aggressive Equity (SSAEX) -4.5 Vang 500 Idx
Putnam Fund for Growth & Inc M (PGRMX) -4.4 Vang 500 Idx
Fidelity Adv Dividend Growth B (FADBX) -4.3 Vang 500 Idx
Fidelity Adv Dividend Growth C (FDGCX) -4.3 Vang 500 Idx
RiverSource Growth B (IGRBX) -4.3 Vang 500 Idx
Dreyfus Prem Intrinsic Value T (BLCAX) -4.2 Vang 500 Idx
JHancock Classic Value A (PZFVX) -4.2 Vang 500 Idx
Copley (COPLX) -4.1 Vang 500 Idx
Federated American Leaders A (FALDX) -4.1 Vang 500 Idx
State Farm Equity A Legacy (SLEAX) -4.1 Vang 500 Idx
American Growth D (AMRGX) -4 Vang 500 Idx
Federated American Leaders F (FALFX) -4 Vang 500 Idx
     
ProFunds UltraShort NASDAQ Inv (USPIX) -27.2 Vang Bal Idx
Rydex Inverse OTC 2x Strategy H (RYVNX) -27.2 Vang Bal Idx
Comstock Strategy C (CPFCX) -19.4 Vang Bal Idx
Comstock Strategy A (CPFAX) -18.8 Vang Bal Idx
Comstock Strategy O (CPSFX) -18.6 Vang Bal Idx
Rydex Inverse Nasdaq-100Strategy Inv (RYAIX) -15.4 Vang Bal Idx
Phoenix Market Neutral A (EMNAX) -9.9 Vang Bal Idx
Rydex Inverse Govt Long Bond Strategy C (RYJCX) -8.2 Vang Bal Idx
DWS Value Builder B (FVBBX) -6.9 Vang Bal Idx
DWS Value Builder A (FLVBX) -6.1 Vang Bal Idx
Oppenheimer Quest Bal B (QGRBX) -4.2 Vang Bal Idx
Oppenheimer Quest Bal C (QGRCX) -4.2 Vang Bal Idx
Hennessy Balanced (HBFBX) -3.9 Vang Bal Idx
SSgA Life Solutions Inc & Growth (SSLIX) -3.7 Vang Bal Idx
Legg Mason Partners Lifestyle Allocation 30% A (SBCPX) -3.5 Vang Bal Idx
Legg Mason Partners Lifestyle Allocation 50% B (SCBBX) -3.4 Vang Bal Idx
Oppenheimer Quest Bal A (QVGIX) -3.4 Vang Bal Idx
SunAmerica Balanced Assets B (SBABX) -3.3 Vang Bal Idx
SunAmerica Balanced Assets C (SBDTX) -3.3 Vang Bal Idx
Dreyfus Premier Balanced Oppty B (DBOBX) -3.2 Vang Bal Idx
Calvert Social Inv Bal B (CSLBX) -3 Vang Bal Idx
George Putnam of Boston B (PGEBX) -3 Vang Bal Idx
Merger (MERFX) -2.9 Vang Bal Idx
George Putnam of Boston M (PGEMX) -2.8 Vang Bal Idx
Principal Inv LifeTime Strat Adv Sel (PLSNX) -2.8 Vang Bal Idx
Madison Mosaic Balanced (BHBFX) -2.7 Vang Bal Idx
Principal Inv LifeTime Strat J (PLSJX) -2.7 Vang Bal Idx
Putnam Asset Alloc: Conserv A (PACAX) -2.7 Vang Bal Idx
New Covenant Balanced Income (NCBIX) -2.6 Vang Bal Idx
SunAmerica Balanced Assets A (SBAAX) -2.6 Vang Bal Idx
Legg Mason Partners Lifestyle Allocation 50% A (SBBAX) -2.5 Vang Bal Idx
Dreyfus Premier Balanced Oppty A (DBOAX) -2.3 Vang Bal Idx
George Putnam of Boston A (PGEOX) -2.3 Vang Bal Idx
AllianceBernstein Balanced B (CABBX) -2.2 Vang Bal Idx
AllianceBernstein Balanced C (CBACX) -2.2 Vang Bal Idx
Delaware Balanced A (DELFX) -2.2 Vang Bal Idx
Dreyfus Premier Balanced Oppty J (THPBX) -2.1 Vang Bal Idx
Hartford Advisers B (IHABX) -2.1 Vang Bal Idx
ING Strategic Alloc Conservative I (ALEGX) -2.1 Vang Bal Idx
Calvert Social Inv Bal A (CSIFX) -2 Vang Bal Idx
DWS Balanced B (KTRBX) -2 Vang Bal Idx
George Putnam of Boston Y (PGEYX) -2 Vang Bal Idx
Goldman Sachs Balanced C (GSBCX) -2 Vang Bal Idx
Hartford Advisers C (HAFCX) -2 Vang Bal Idx
Transamerica Partners Balanced (DVIBX) -2 Vang Bal Idx
Legg Mason Partners Lifestyle Allocation 70% B (SGRBX) -1.9 Vang Bal Idx
RiverSource Balanced B (IDMBX) -1.9 Vang Bal Idx
AIM Basic Balanced A (BBLAX) -1.8 Vang Bal Idx
AIM Basic Balanced Inv (BBLTX) -1.8 Vang Bal Idx
DWS LifeCompass Retirement A (SUCAX) -1.8 Vang Bal Idx
     
Frontier MicroCap (FEFPX) -33.4 Vang SmCap Idx
Van Wagoner Emerging Growth (VWEGX) -18.8 Vang SmCap Idx
Van Wagoner Small Cap Growth (VWMCX) -17.9 Vang SmCap Idx
Bjurman Barry Small-Cap Growth (BBSFX) -11.8 Vang SmCap Idx
Calvert New Vision Small Cap A (CNVAX) -10.1 Vang SmCap Idx
Undiscovered Mgrs Small Cap Growth Instl (USRLX) -9.7 Vang SmCap Idx
SunAmerica Growth Oppty B (SGWBX) -9.3 Vang SmCap Idx
SunAmerica Growth Oppty A (SGWAX) -8.6 Vang SmCap Idx
MainStay Small Cap Growth B (MSOBX) -8 Vang SmCap Idx
Dreyfus Premier Future Leaders B (DFLBX) -7.9 Vang SmCap Idx
Goldman Sachs Structured Sm Cap Equity B (GCSBX) -7.9 Vang SmCap Idx
CNI Charter RCB Small Cap Value R (RCBSX) -7.8 Vang SmCap Idx
Bjurman Barry Micro-Cap Growth (BMCFX) -7.7 Vang SmCap Idx
MainStay Small Cap Value B (MSPBX) -7.7 Vang SmCap Idx
Oberweis Emerging Growth (OBEGX) -7.7 Vang SmCap Idx
Delaware Small Cap Growth C (DSCCX) -7.4 Vang SmCap Idx
Allegiant Multi-Factor Sm Cap Value A (AMRRX) -7.3 Vang SmCap Idx
MainStay Small Cap Growth A (MSMAX) -7.2 Vang SmCap Idx
Allegiant Multi-Factor Sm Cap Value I (AMRIX) -7 Vang SmCap Idx
JHancock Small Cap Equity B (SPVBX) -7 Vang SmCap Idx
JHancock Small Cap Equity C (SPVCX) -7 Vang SmCap Idx
Navellier Aggress Micro Cap (NPMCX) -7 Vang SmCap Idx
MainStay Small Cap Growth I (MSSIX) -6.9 Vang SmCap Idx
Tocqueville Small Cap Value (TSCVX) -6.9 Vang SmCap Idx
Goldman Sachs Structured Sm Cap Equity I (GCSIX) -6.7 Vang SmCap Idx
SSgA Small Cap (SVSCX) -6.7 Vang SmCap Idx
Target Small Cap Growth (TASGX) -6.5 Vang SmCap Idx
Neuberger Berman Fasciano In (NBFSX) -6.4 Vang SmCap Idx
Schwartz Value (RCMFX) -6.3 Vang SmCap Idx
Dreyfus Emerging Leaders (DRELX) -6.2 Vang SmCap Idx
JHancock Small Cap Equity A (SPVAX) -6.2 Vang SmCap Idx
Phoenix Small Cap Value B (PDSBX) -6.1 Vang SmCap Idx
Evergreen Special Equity I (ESDDX) -6 Vang SmCap Idx
Legg Mason U.S. Small Val Prim (LMSVX) -6 Vang SmCap Idx
Aston/Veredus Aggressive Growth N (VERDX) -5.9 Vang SmCap Idx
MassMutual Premier Small Company Opp A (DLBMX) -5.9 Vang SmCap Idx
Steward Small-Cap Equity Indv (TRDFX) -5.9 Vang SmCap Idx
Bridgeway Micro-Cap Limited (BRMCX) -5.8 Vang SmCap Idx
DWS Small Cap Growth A (SSDAX) -5.8 Vang SmCap Idx
HighMark Small Cap Value Ret A (HASVX) -5.8 Vang SmCap Idx
Wells Fargo Adv Small Co Value B (SCVBX) -5.8 Vang SmCap Idx
LKCM Aquinas Small Cap (AQBLX) -5.7 Vang SmCap Idx
MainStay Small Cap Oppty A (MOPAX) -5.7 Vang SmCap Idx
DWS Small Cap Value S (SCSUX) -5.6 Vang SmCap Idx
MassMutual Premier Small Company Opp S (MSCDX) -5.6 Vang SmCap Idx
HighMark Small Cap Value Fid (HMSCX) -5.5 Vang SmCap Idx
JHancock Small Cap A (DSISX) -5.5 Vang SmCap Idx
Phoenix Small Cap Value A (PDSAX) -5.3 Vang SmCap Idx
Mainstay Small Cap Oppty I (MOPIX) -5.2 Vang SmCap Idx
Oberweis Micro-Cap (OBMCX) -5.2 Vang SmCap Idx
Thanks to FundAlarm reader George Sawdy for his assistance in
developing the weighting system used in this table.