GMO Quality ( GQETX) Performance: up 10%; three-year annualized return of 12.5%. Fund Profile: This fund invests only in companies with below-average debt and above-average profitability and earnings stability. Its managers, including William Joyce, are bottom-up stock-pickers. As a result, the portfolio is currently made up of large-cap companies in the consumer staples, health-care and technology sectors, with no significant exposure to financials. The fund is aimed at institutional investors, as the smallest initial investment in the various share classes is $10 million. Assets: $18 billion Top picks: Microsoft ( MSFT), at 5.8% of the fund, down 5%; Johnson & Johnson ( JNJ), 5.7% of fund, up 6%; Philip-Morris ( PM), up 33%.