Table 1. Model Mutual Fund Portfolio
Fund (Ticker) Style Market-
Cap
Size
YTD
Ret
Annual Return (%) Fund
Assets
($ Mil)
Exp
Ratio
(%)
1-
Yr
Risk-
Grade
1-
Yr
Risk-
Adj
Ret
(%)
1-
Yr
3-
Yr
10-
Yr
CGM Focus (CGMFX)* Very Low Value Large-Cap 14.3 28 17.2 na 1,104.30 1.12 130 19.5
Fenimore Value Fd (FAMVX) Moderate Value Mid-Cap 1.7 11.5 11.7 12.8 1,010.20 1.2 66 13.5
Meridian Growth Fund (MERDX) Low Value Mid-Cap -4.0 2.7 11 13.1 1,659.90 0.88 87 2.7
Meridian Value (MVALX) High Value Mid-Cap 0.1 8 12.8 20.2 2,235.60 1.09 72 8.7
Mosaic Eq Mid-Cap (GTSGX) Moderate Value Mid-Cap -1.0 10.8 11.4 11.1 136.4 1.24 72 11.9
Royce PA Mutual/Inv (PENNX) High Value Small-Cap 2.6 13.9 14.9 13.9 1,405.70 0.89 75 15.1
T Rowe Price Cap Apprec (PRWCX) Moderate Value Giant-Cap 1 10.7 12.6 12.7 6,120.40 0.78 53 14.7
Thompson Plumb Growth (THPGX) Low Value Giant-Cap -4.5 -4.2 7.4 14.2 1,234.80 1.05 97 -3.1
Recommended funds now closed to new investors but still recommended for those who hold them
FMI Common Stock (FMIMX)** High Value Small-Cap 0.8 9.2 11.6 12.9 431.3 1.23 74 9.8
Tamarack Microcap Val "S" (TMVSX)*** High Value Micro-Cap 0 11.8 14.8 14.4 217.8 1.03 84 11.8
Recommended substitutes for closed funds (listed by preference)
Exeter Pro Blend Ext Term A (MNBAX) Low Value Giant-Cap 2.7 11.4 11.6 9.7 330.4 1.17 55 15.3
Mairs & Power Growth (MPGFX) Moderate Value Giant-Cap -1.0 6 11.5 15.5 2,367.00 0.73 70 6.4
Average of recommended funds     1.1 10 12.4 13.7 1,521.20 1.03 73 10.9
Vanguard 500 Idx/Inv (VFINX) Low Value Giant-Cap -0.9 6.2 8.2 9.9 80,358.90 0.18 84 6.2
*CGM Focus (CGMFX) replaces Royce Premier/Inv (RYPRX) during 2005 mid-year review.

**Closed to new investors on April 15, 2004.

***Tamarack Micro Cap Value Fund was originally recommended when it was the Babson Shadow Stock Fund (SHSTX). Since recommendation, the fund has been converted into a multi-class fund. Shareholders of the fund prior to the conversion are able to purchase additional shares without a load; new shareholders must purchase a class of shares that carry a load. Since we don't recommend funds carrying loads for this portfolio, we consider it closed to new shareholders.

Data as of 6/30/2005.

Sources: S&P Micropal, RiskGrades.com.