Because of its micro-cap focus, this fund can be quite volatile at times. In 2008, it plummeted more than 40 percent and landed near the bottom of its category. But from the market’s low on March 6, 2009, to its most recent peak on April 23, 2010, the fund doubled in value, according to Morningstar. Although Royce Micro-Cap’s main focus is U.S. stocks, management can invest a substantial amount of assets overseas. Almost a third of assets currently reside in foreign stocks, with a small portion in emerging markets like China and India. Over the past 10 years, the fund has returned an annualized 13 percent. Its annual fees are 1.54 percent.
Read more about Royce Micro-Cap.
Fidelity Small-Cap Stock (FSLCX)