This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Naughty and Nice Funds, From Best to Worst

This week's sector-fund analysis marks the third annual winter holiday tradition of looking at the best- and worst-performing socially responsible funds. This year we expanded the list to include a few of the less fortunate sectors without a sufficient number of funds to warrant regular coverage.

By including the food and beverage, gaming and entertainment, health and biotechnology, and leisure industries, we highlight the 10 best- and worst-performing naughty & nice funds. Socially responsible, religiously responsible and Islamic fund categories return from last year. Environmentally responsible funds have been excluded, as they are now regularly covered within the energy group.

The worst-performing fund on our naughty & nice list is the Ave Maria Opportunity Fund (AVESX), which declined 6.45% for the five trading days ending Wednesday, Dec. 24. The fund selects companies believed to be consistent with the core values of the Roman Catholic Church. The largest holding is SPDR Gold Trust (GLD), at 4.65% of assets. Oil and gas drillers Nabors Industries (NBR), down 20.09%, and Atwood Oceanics (ATW), down 19.33%, led the decliners.

One of three socially responsible funds from the same family on today's list, The Parnassus Fund (PARNX), dropped 6.39% for the week. The fund's contrarian strategy targets out-of-favor companies.

Parnassus' holdings of homebuilders DR Horton (DHI), off 19.64%; Pulte Homes (PHM), down 13.20%; and Toll Brothers, off 12.09%; certainly fit the bill. Another position, Whole Foods Markets (WFMI), a leader in organic food retailing, gave back 17.96% on difficulties related to Federal Trade Commission integration blockages of its August 2007 purchase of Wild Oats.

The only naughty fund to make the worst-performing list this week is the Consumer Discretionary Select Sector SPDR Fund (XLY), whose tracked index has automobiles, clothes, media, hotel and other leisure industry stocks. Share losses of 32.80% at Ford (F) exceeded the 25.63% drop for the week at General Motors (GM), even though Ford opted out of the Bush administration's delayed-bankruptcy plan amounting to $13.4 billion for GM and Chrysler.

In another extraordinary move last week, the Federal Reserve used emergency powers to convert GMAC to a bank holding company. This move requires Cerberus and GM to liquidate most of their controlling interest in the finance company but frees up funds for dealership and customer car purchases.

Worst Performing Naughty & Nice Funds for the Week Ending Wednesday Dec. 24
Fund (Ticker)
Industry Focus
Fund Type
1 Week Total Return
Ave Maria Opportunity Fund (AVESX)
Religiously Responsible
Parnassus Fund/The (PARNX)
Socially Responsible
GuideStone Funds - Real Estate Securities Fund (GREZX)
Religiously Responsible
Ameritor Security Trust Fund (ASTRX)
Socially Responsible
Consumer Discretionary Select Sector SPDR Fund (XLY)
Leisure Industry Sector
Parnassus Small Cap Fund (PARSX)
Socially Responsible
Parnassus Workplace Fund (PARWX)
Socially Responsible
DFA International Value ex Tobacco Portfolio (DFVLX)
Socially Responsible
Domini European Social Equity Portfolio (DEUFX)
Socially Responsible
MMA Praxis Core Stock Fund (MMPGX)
Socially Responsible
Source: Bloomberg and Ratings
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
GRX $10.19 0.00%
HQH $24.30 0.00%
HQL $18.03 0.00%
XLY $79.21 0.00%
AAPL $94.19 0.00%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs