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Top Stock Funds Ranked by Risk-Adjusted Returns
Third Quarter 2014

One way to produce an easily understood marriage of risk and return for funds is to adjust the fund return for risk. Funds with high returns that have above-benchmark standard deviations will have their returns proportionally lowered, and funds with lower returns and below-benchmark standard deviations will have their returns adjusted upward proportionally.

The risk-adjusted fund table below lists the top funds by risk-adjusted arithmetic average returns. The benchmark used for return and risk is the Standard and Poor’s 500 index. The returns of all domestic stock funds were adjusted for risk and ranked.

The table reports the risk-adjusted average annual return—what the fund would have returned if it had the same risk as the market—and the average annual return for the three-year period that it did earn. Also reported is the fund’s standard deviation for comparison purposes and the market risk index. Benchmark statistics are reported at the bottom of the table.

Category Fund
Name
(Ticker)
Average
Annual
Risk-
Adjusted
Return*
(%)
Risk
Index
(1.00 = Market Risk)
Annual
Standard
Deviation*
(%)
Average
Annual
Return*
(%)
Stk-LC PRIMECAP Odyssey Stk (POSKX) 23.9 0.89 9.4 21.4
Stk-LC Parnassus Core Equity Inv (PRBLX) 23.9 0.88 9.3 21.1
Stk-LC Vanguard PRIMECAP Core Inv (VPCCX) 23.4 0.97 10.3 22.7
Stk-LC Vanguard PRIMECAP Inv (VPMCX) 23.4 1.03 10.9 24.0
Stk-LC Dodge & Cox Stock (DODGX) 23.2 1.08 11.4 25.0
Stk-MC Longleaf Partners Sm-Cap (LLSCX) 23.0 0.96 10.1 22.0
Stk-LC Vanguard Hi Div Yld Idx Inv (VHDYX) 22.9 0.88 9.3 20.2
Stk-LC Weitz Partners Value Inv (WPVLX) 22.8 0.86 9.1 19.7
Stk-LC Weitz Value Inv (WVALX) 22.7 0.85 9.0 19.2
Stk-MC AmCent Mid Cap Value Inv (ACMVX) 22.6 0.93 9.9 21.1
Stk-MC Nicholas (NICSX) 22.6 1.04 11 23.5
Stk-LC Janus Contrarian T (JSVAX) 22.5 1.11 11.8 25.1
Stk-LC Metro West AlphaTrak 500 (MWATX) 22.4 1.03 10.9 23.0
Stk-LC AMG Yacktman Service (YACKX) 22.4 0.75 8.0 16.9
Stk-LC Fidelity LC Val Enh Idx (FLVEX) 22.3 1.02 10.8 22.8
Stk-LC Fidelity Strat Div & Inc (FSDIX) 22.2 0.73 7.7 16.2
Stk-MC Akre Focus Ret (AKREX) 22.2 0.98 10.4 21.8
Stk-LC Fidelity Grth & Inc (FGRIX) 22.1 1.02 10.7 22.4
Stk-LC Vanguard Equity-Inc Inv (VEIPX) 22.1 0.91 9.7 20.2
Stk-LC Vanguard Grth & Inc Inv (VQNPX) 21.9 1.0 10.6 22.0
Stk-LC T. Rowe Price Value (TRVLX) 21.8 1.1 11.6 24.0
Stk-LC Sequoia (SEQUX) 21.8 0.89 9.4 19.3
Stk-LC AMG Yacktman Focused Svc (YAFFX) 21.8 0.74 7.9 16.2
Stk-LC Vanguard Dividend Grth Inv (VDIGX) 21.7 0.86 9.1 18.7
Stk-LC AmCent Value Inv (TWVLX) 21.7 0.96 10.2 20.9
Stk-LC Fidelity Lg Core Enhcd Idx (FLCEX) 21.7 1.0 10.6 21.7
Stk-LC Oakmark I (OAKMX) 21.7 1.09 11.5 23.6
Stk-LC Vanguard Val Idx Inv (VIVAX) 21.7 0.99 10.4 21.4
Stk-LC Fidelity Series 100 Idx (FOHIX) 21.7 0.96 10.2 20.9
Stk-LC Voya Corp Leaders Trust B (LEXCX) 21.6 0.97 10.2 20.9
Benchmarks
IDX S&P 500 21.4 1.0 10.6 21.4
IDX Russell 2000 14.3 1.44 15.2 20.5
*Over the past three years through June 30, 2014.