Q2 Fund Laggards Make Lemon List

July 16, 2001 (PLANSPONSOR.com) -The second quarter lemon list, which lists the 401(k) funds that have performed worse than their peer group averages, has been posted.

To make Doug Fabian’s lemon list, a fund must have underperformed its peer group average by 25% or more over the past one, three and five years.

A total of 384 funds with $254 billion in assets made the latest installment of the Lemon List, which rates performance through the end of the second quarter.

Family Matters

Dreyfus led all companies with nine funds, while Putnam led all families in terms of assets.

Putnam New Opportunity, with $21 billion in assets, is the largest fund on the list. Putnam’s Global Growth, OTC Emerging Growth and Voyager II also “made” the list.

The $12 billion Vanguard U.S. Growth fund ? which just fired the fund’s investment manager – is the second-largest fund on the list.

The latest names on the list, compiled by Fabian Investment Resources, which has published the Lemon List since 1998, ranked by asset size, are:

  • Putnam New Opportunity
  • Vanguard US Growth
  • Fidelity Aggressive Growth
  • Fidelity Adv Growth Opp
  • Putnam Global Growth
  • Fidelity Destiny I
  • Putnam OTC Emerging Growth
  • Growth Fund
  • T Rowe Price Growth & Inc
  • Putnam Voyager II

– Camilla Klein                            editors@plansponsor.com