Top five and bottom five value funds in 2000

Large value

UAM Clipper Focus Inst 38.63%

Kemper-Dreman High Return Equity A 35.31%

Clipper 33.14%

Vontobel U.S. Value 29.50%

MFS Equity Income A 25.86%

Trent Equity -35.58%

Rydex Basic Materials Inv -26.78%

UAM PIC Twenty Portfolio Inst -23.70%

Buttonwood Capital Appreciation -21.08%

Neuberger Berman Guardian Inv -21.02%

Mid-cap value

CRM Mid Cap Value Instl 44.05%

Lord Abbett Mid-Cap Value A 40.61%

SG Cowen Income+Growth A 38.64%

Mercury HW Mid-Cap Value I 34.90%

UAM C&B Mid Cap Equity Instl 33.76%

Icon Materials -27.33%

Alliance A -18.69%

Phoenix-Engemann Value 25 A -17.56%

Fidelity Select Automotive -11.85%

Kemper Horizon 20+ A -11.80%

Small value

Boston Partners Long/Short Eq Instl 47.41%

Boston Partners Sm Cap Value II Instl 37.44%

American Century Small Cap Value Inv 29.92%

State Street Research Aurora A 27.99%

N/I Numeric Investors Small Cap Value 27.67%

Corbin Small-Cap Value -22.44%

Fairmont -18.16%

Eclipse Small Cap Value -12.24%

Heartland Value Plus -10.76%

FPA Capital -9.97%

*Data as of Dec. 15, 2000

Source: Morningstar