Mutual Fund Monthly

In addition to stocks, I also follow a few dozen mutual funds. We use funds in our client accounts, and I also use them in my family's IRA accounts.

Looking at my watchlist at the end of 2Q, here are the top and bottom five funds:

• Top 5

1. Ivy Asset Strategy: +15.6%
2. CGM Focus Fund: +15.3%
3. Driehaus Emer Mkts.: +13.9%
4. Baron Partners Fund: +9.8%
5. Rainer Small/Mid: +9.1%

• Bottom 5

1. Marsico Focus Fund: -0.5%
2. Vanguard Hi-Yield: +0.5%
3. TRowe Euro&Med: +1.5%
4. TRowe New Horiz: +1.8%
5. Calamos Gr& Inc.: +2.3%
   

The standouts were small-cap, international, and energy-related funds. The biggest laggards were again large-cap growth. Many strategists have been calling for a "catch-up" period for large-cap stocks. They have been wrong for about 3 years, so I suspect this call will have its day in the sun at some point.

long all funds mentioned