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Clipper Fund Joins Large-Value Picks

Meanwhile, three offerings move off the category's picks list.

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Morningstar has added the august Clipper Fund to our list of  large-value Fund Analyst Picks.

Clipper Fund (CFIMX) has steadily navigated the treacherous waters of the recent bear market. Management's valuation discipline kept it out of the go-go growth stocks that paced the market in 1998 and 1999, but shareholders aren't complaining these days. While the S&P 500 was dropping a combined 20% in 2000 and 2001, Clipper managed a 50%-plus cumulative return. Moreover, the fund posted only a slight loss for the year to date through July 2, 2002, leaving it ahead of 97% of its rivals.

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

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