Administration April 7, 2002

Q2 Fund Laggards Make Lemon List

July 16, 2001 (PLANSPONSOR.com) -The second quarter lemon list, which lists the 401(k) funds that have performed worse than their peer group averages, has been posted.
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To make Doug Fabian’s lemon list, a fund must have underperformed its peer group average by 25% or more over the past one, three and five years.

A total of 384 funds with $254 billion in assets made the latest installment of the Lemon List, which rates performance through the end of the second quarter.

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Family Matters

Dreyfus led all companies with nine funds, while Putnam led all families in terms of assets.

Putnam New Opportunity, with $21 billion in assets, is the largest fund on the list. Putnam’s Global Growth, OTC Emerging Growth and Voyager II also “made” the list.

The $12 billion Vanguard U.S. Growth fund ? which just fired the fund’s investment manager – is the second-largest fund on the list.

The latest names on the list, compiled by Fabian Investment Resources, which has published the Lemon List since 1998, ranked by asset size, are:

  • Putnam New Opportunity
  • Vanguard US Growth
  • Fidelity Aggressive Growth
  • Fidelity Adv Growth Opp
  • Putnam Global Growth
  • Fidelity Destiny I
  • Putnam OTC Emerging Growth
  • Growth Fund
  • T Rowe Price Growth & Inc
  • Putnam Voyager II

– Camilla Klein                            editors@plansponsor.com

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