Morningstar Advisor - February/March 2009 - (Page 21) Bridgeway Blue-Chip 35 Index BRLIX The fund operates in the mega-cap arena and offers pure exposure to some of the market’s largest names. Its average market cap is $118 billion, more than 2.5 times the average market cap for the S&P 500. The fund tracks its own proprietary index of 35 equally weighted stocks, and with an expense ratio of just 0.15%, it has a lower price tag than Fidelity 100 Index FOHIX. Bridgeway Ultra-Small Co Mkt BRSIX Investors get access to the notoriously expensive (and usually high-turnover) category of micro-cap investing at a fraction of the cost of most actively managed micro-cap funds. Lead manager John Montgomery uses proprietary trading techniques to reduce transaction costs, making this a nice fit in taxable accounts. DFA U.S. Micro Cap I DFSCX Tracking the smallest 5% of U.S. exchangelisted stocks, the fund has more than 2,000 individual holdings, which help mitigate the risk in this racy category. The fund’s 0.52% expense ratio is less than the Bridgeway fund and gives it a slight leg up over that fund. DFA Emerging Markets Value I DFEVX The fund merges emerging-markets index investing with the research that suggests small-value stocks outperform their larger-growth brethren over time. The fund has one of the best 10-year records in the diversified emerging-markets category. to be nimble in buying and selling stocks. American Funds International Growth & Income IGAAX The fund’s holdings will no doubt overlap those of other American funds, but it has the look of a good portfolio anchor. Vanguard Total World Stock Index VTWSX The fund invests in the FTSE All-World Index, which has a 55% weighting in stocks outside the United States, including emerging markets. Dodge & Cox Global Stock DODWX With world economies linking up, world-stock funds like this one make a lot of sense. Artisan Opportunistic Growth ARTRX This is a promising all-cap fund from the trio that runs Artisan Mid Cap ARTMX. Its expense ratio is pricey at 1.50% but will likely come down when assets grow. Five Best New Funds of 2008 Amid the gloom of 2008, Russel Kinnel, Morningstar’s director of mutual fund research, found a few bright spots in new fund launches. Champlain Mid Cap CIPMX At just $28 million in assets, the fund allows managers Scott Brayman and Van Harissis MorningstarAdvisor.com 21 http://www.cffpinfo.com http://www.cffpinfo.com http://www.MorningstarAdvisor.com
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