These Eight Funds Beat Up Their Benchmarks

In the large blend category, five funds are still going strong. Two, (RELEX Quote)Russell LifePoints Equity Growth Strategy and (PRSGX Quote)T. Rowe Price Spectrum Growth, are funds that invest in other mutual funds.

Three others that invest directly in stocks -- (ANCFX Quote)American Funds Fundamental Investors, (HIACX Quote)Hartford Capital Appreciation HLS and (PHGAX Quote)Target Growth Allocation -- also seem, at least for now, to be in position to keep their streaks alive.

Fundamental Investors' top holdings include Suncor Energy (SU Quote) and Microsoft (MSFT Quote); Hartford Capital Appreciation's include Google(GOOG Quote) and Companhia Vale Do Rio Doce(RIO Quote) ; Target Growth Allocation's include AT&T(T Quote) and Cisco(CSCO Quote).

However, it looks as though (CAMOX Quote)Cambiar Opportunity will finish under the Russell 1000 benchmark this year.

The large growth category gets a little interesting. Only two funds from the five remaining are in position to stay up: (AMAGX Quote)Amana Growth, a fund that complies with the Islamic principles of Sharia; and (ANEFX Quote)American Funds New Economy.

Amana Growth's top holdings include Apple (AAPL Quote) and Potash(POT Quote); New Economy's include Google and Schlumberger(SLB Quote).

Three funds from that group -- (AGTHX Quote)American Funds Growth Fund of America (a huge fund with more than $200 billion in assets), (FDCAX Quote)Fidelity Capital Appreciation and (VMRGX Quote)Vanguard Morgan Growth -- look to be finishing under the Russell 1000 Growth index this year.

But there's a surprise in the category, too: (NEFSX Quote)Natixis U.S. Diversified shows up -- but it wasn't there last year.

How did that happen? The fund's investment portfolio changed enough that Morningstar reclassified the fund from "mid-cap growth" to "large-cap growth." It hadn't had the streak beating the Russell Midcap Growth index, but had beaten the Russell 1000 Growth metric.

Natixis U.S. Diversified's top holdings include Intel (INTC Quote) and McDonalds'(MCD Quote).

Rounding out the list, (TMCGX Quote)Turner Emerging Growth is still hanging in there. The lone non-large-cap fund with a benchmark-beating streak going back to 1999, it actually fits into the small growth category.

The fund's top holdings include Decker Outdoor (DECK Quote) and Oceaneering International (OII Quote)

No value-oriented funds show up on the streaks list until it gets down to a mere three-year streak, which itself is owned by only one value fund: (EVTMX Quote)Eaton Vance Dividend Builder. That large-cap value fund has beaten the Russell 1000 Value index since 2004.

Dividend Builder's top holdings include AT&T (T Quote) and Constellation Energy.(CEG Quote).