Amazingly, only three mid-cap value funds made our cut and the same pair of managers runs two of them.
All you can say is that either these are just great funds, or the category itself is underwhelming. No matter how you feel about the slim pickings, let's check out this trio and then look at two other solid choices that just missed making our list. First on our list is the broker-sold (LAVLX)Lord Abbett Mid-Cap Value fund, where veteran Ed von der Linde has been lead portfolio manager since its 1983 launch. He and his colleagues screen small- and mid-cap stocks, looking for those with consistently solid earnings growth. They then hold 50 to 60 stocks in which they see a reasonable valuation and at least two company- or industry-specific catalysts for higher growth. While that approach has led to both good and bad years, the fund beats more than 70% of its peers, as well as the S&P 500, over the past one, three, five and 10 years, according to Morningstar. The other two funds on our list, American Century's no-load (TWEIX)Equity Income and (TWVLX)Value funds, are both run by Phil Davidson and Scott Moore.| Mid-Cap Value All-Stars Only three funds made our cut, and two are run by the same pair of managers |
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| Fund | Five-Year Annualized Return | One-Year Return | |
| (LAVLX)Lord Abbett Mid-Cap Value | 15.8% | 8% | |
| (TWEIX)American Century Equity Income | 13.4 | 9.5 | |
| (TWVLX)American Century Value | 10.7 | 9.3 | |
| Average Peer | 10.7 | 3.2 | |
| S&P 500 | 9.2 | -16.1 | |
| Source: Morningstar, returns through Jan. 23. | |||
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