Fund Times: Bridgeway Fund Tops the Charts in 2006
Plus, Fidelity Magellan manager invests at least $1 million, and more.
Micro-cap funds now claim a number of the top spots in the year-to-date performance tables for U.S. stock funds. Micro-cap funds have held up better than some other areas that had been top performers going into May. (To run the screen for yourself, go to our Fund Quickrank tool and selet U.S. Stock Funds and Total return %: Year-to-date.)
As of June 5, 2006, the U.S. stock fund list is topped by Bridgeway Ultra-Small Company (BRUSX), which is up an impressive 20.8% for the year to date. Lead manager John Montgomery runs quantitative screens that focus on companies whose market caps fit into the smallest decile of NYSE listings. By closing the fund at a modest size, Montgomery has been able to maintain the fund's strong record.
Russel Kinnel does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.