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Commentary

Value Funds Post Best Quarter vs. Growth in 20 Years

The long-term return gap between the two remains wide.

Following the worst year for large-value stock fund performance relative to growth, value funds recorded their greatest quarterly advantage in 20 years during the first three months of 2021.

While the recent gains of small-value funds pushed the Morningstar Category average ahead of small growth for the last 12 months, for other market capitalization categories, and for time frames of three years or longer, value has a considerable gap to close.