Table 1. Model Mutual Fund Portfolio
Fund (Ticker) Style Market-
Cap
Size
YTD
Return
Return
Annual Return (%) Fund
Assets
($ Mil)
Exp
Ratio
(%)
1-Year
Risk-
Grade
1-Year
Risk-
Adj
Ret
(%)
1-
Year
3-
Year
10-
Year
CGM Focus (CGMFX)* Very Low Value Giant-Cap 15.4 26.5 29.4 na 2,310.9 1.07 108 15.0
Fenimore Value Fd (FAMVX) Very Low Value Mid-Cap 0.1 3.8 12.1 11.3 1,061.1 1.18 44 3.8
Meridian Growth Fund (MERDX) Very Low Value Mid-Cap 5.4 10.1 14.7 12.0 1,689.4 0.86 69 8.7
Meridian Value (MVALX) Low Value Large-Cap 4.4 7.4 13.9 16.3 1,687.5 1.08 60 7.0
Mosaic Eq Mid-Cap (GTSGX) Low Value Mid-Cap 3.4 5.1 12.4 10.4 134.3 1.25 45 5.3
Royce PA Mutual/Inv (PENNX) Low Value Small-Cap 6.1 16.4 21.1 14.2 2,444.6 0.90 66 14.0
T Rowe Price Cap Apprec (PRWCX) Low Value Giant-Cap 3.1 9.1 13.2 12.0 7,929.0 0.76 38 11.1
Northern Small Cap Value (NOSGX) High Value Small-Cap 9.8 16.7 22.0 12.5 580.3 1.00 73 7.9
Recommended funds now closed to new investors but still recommended for those who hold them
FMI Common Stock (FMIMX)** Moderate Value Small-Cap 4.0 12.9 15.4 12.5 451.5 1.21 57 12.2
Tamarack Microcap Value "S" (TMVSX)*** High Value Micro-Cap 9.4 17.5 23.0 14.4 235.0 1.07 70 14.2
Recommended substitutes for closed funds (listed by preference)
Exeter Pro Blend Extended Term A (MNBAX) Low Value Giant-Cap 5.3 10.2 11.7 9.3 423.8 1.17 34 13.7
Mairs & Power Growth (MPGFX) Very Low Value Large-Cap 2.5 8.0 13.0 13.0 2,588.5 0.70 48 8.4
Average of recommended Funds 5.7 12.0 16.8 12.6 1,794.7 1.02 46 13.6
Actual fund portfolio 6.1 12.1 16.0 13.1 1,852.4 1.04 50 12.6
Vanguard Tot Stock Mkt Idx (VTSMX) Low Value Giant-Cap 3.3 9.7 12.8 8.4 33,797.9 0.19 53 9.7
*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 6/30/2006
Source: S&P Micropal, RiskGrades.com