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Five Hidden Gems That Are Obscured by Past Failures

Don't overlook these five funds just because previous managers had poor performance.

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Sometimes even five years isn't enough to make people forget about a fund's poor history.

A couple of weeks ago I mentioned that  Loomis Sayles Small Cap Growth (LCGRX) was a good fund that no one had noticed because its strong five-year record was obscured by a still crummy 10-year number. Thus, the fund had just $132 million in assets. Management had only been on board for six years, so that didn't make sense.

That made me curious whether there were other funds like that. I found five that fit the bill. It's a handy list because you're finding funds that have a lot of promise yet still have a modest asset base.

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Russel Kinnel does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.