Q1 Lemon List Packed

April 18, 2002 (PLANSPONSOR.com) - Making Doug Fabian's latest mutual fund "Lemon List" is a dubious honor at best, but at least fund families on the First Quarter 2002 list have plenty of company.

That’s because Fabian, editor of the Maverick Advisor, features a record 540 funds on the latest list – a quarter of all equity funds. The reasons, according to Fabian: More funds now have a five-year track record, and the generally weak recent performance of large-cap core and international offerings.

On the other hand, Fabian said that many small-cap funds have been outperforming their large-cap brethren.

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The top ten funds on the latest list included:

  • AIM Value
  • MFS Massachusetts Investors A
  • Vanguard US Growth
  • Putnam Investors
  • Fidelity Aggressive Growth
  • T Rowe Price International Stock
  • Putnam Vista
  • Vanguard International Growth
  • AIM Charter
  • AXP Growth

To make the list, a fund must underperform its peer group for the last year as well as for the last three and five-year periods.