Auxier Focus (AUXFX). Morningstar describes the fund as a "go-anywhere" core holding—meaning that manager Jeffrey Auxier will invest in companies of all sizes, and sometimes bonds. The fund's average market cap is $20 billion. Bonds currently make up about a quarter of the fund's total assets. Auxier isn't afraid to stash some of its money in cash if opportunities are scarce. The fund is currently overweight in consumer goods companies like Philip Morris and Dr. Pepper Snapple Group. It has returned an annualized 7 percent over the past 10 years, and charges annual fees of 1.30 percent.
Homestead Value (HOVLX). The fund's management looks for out-of-favor companies, and once it finds them, holds on for the long haul. The fund typically holds companies for about 10 years, according to Morningstar. It is heavy on healthcare companies, with Hospira, Bristol-Myers Squibb, and Abbot Laboratories among the five largest holdings. Over the long term, the fund has consistently finished in the top half of its category, except for three calendar years over the past decade. The fund has returned an annualized 5 percent over the past 10 years. Its annual fees are 0.80 percent.