Final Numbers for 2013

    And the Moron called the results in 2012 "gaudy"? 2012 pales in comparison to the gains we saw in 2013.

    2013 was a year in which stocks hugely outperformed bonds or cash, so funds that were fully invested in equities show up at the top. It was a year in which domestic (USA) stocks outperformed foreign stocks, so foreign and international funds are found low on the list. It was a year in which small and mid-cap stocks outperformed larger stocks. Finally, it was a year in which quality shares tended to underperform, and in which more speculative fare tended to outperform.

    All in all, it was the best year for US stocks in nearly 20 years.

    MFM Fund of the Year? Ariel Fund. Congratulations to John Rogers and the team.

2013 Final Standings

Top 10

1. Ariel                                +44.68%
2. Kinetics Paradigm              44.07
3. Bridgeway Aggressive        42.21
4. Franklin Sm-Mid Cap        38.58
5. Janus Contrarian                38.51
6. TRP Mid Cap Growth       36.89
7. Franklin Balance Sheet      36.61
8. Col. Val. & Restructg        35.96
9. Mairs & Power Grwth       35.64
10. Fairholme                        35.54


The Great Unwashed (#11-20)

11. Sequoia                           34.58
12.Fidelity Contra                  34.15
13. Osterweis                        33.84
14. VTSMX                          33.52
15. Jenson Qty. Grwth           32.33
16. VDIGX                           31.53
17. FMI Large Cap               30.48
18. Templeton Grwth             30.15
19. Royce Special Equity       29.36
20. TRP Spectrum Grwth      28.59

The Bottom Ten

21. Mutual Shares                 28.10
22. Yacktman                       27.74
23.Dodge & Cox Int'l            26.31
24. Perkins Mid Cap Value   25.92
25. Oakmark Eq & Income   24.25
26. TRP Cap App                 22.43
27. FPA Crescent                 21.95
28. Litman-Gregy MS Int'l    21.47
29. Third Ave. Value            18.84
30. Franklin Income              14.23