If the market continues to recover, such a mix might get left behind. If the recent bounce is a fake-out bear trap rally, this fund might be very useful. Heppelmen's evident skill is a plus. Managers James Jundt and son Marcus practiced their craft well in the recent pullback. Interestingly, its tax-impact, with all that turnover before perceived market corrections, is a manageable 5.4.
Valuations place it squarely in the growth camp.
Copyright 2000 Thurman Smith. All rights reserved. Thurman Smith is an asset manager in Boston specializing in growth funds and editor of Equity Fund Outlook, a monthly subscription newsletter that rates over 250 growth funds on the basis of management skill. Equity Fund Outlook is highly rated by the Hulbert Financial Digest. For detailed fund information and comparisons, risk, rankings, and performance, click here .