Large value: The Yacktman Fund (YACKX)
As of Feb. 24, 2010
In 1991, Don Yacktman was named Morningstar’s portfolio manager of the year. But by the late ’90s, even his own board of directors thought he’d lost his touch, and amidst terrible performance, they tried to unseat him as manager of this fund. But the 2000s have been a different story. Notably, the fund’s returns for the trailing 10 years land it in the top percentile of Morningstar’s large-value category. Lately, Yacktman’s unique breed of value investing has given him a sweet spot for soft drinks: At the end of 2009, he had 9 percent of the fund’s portfolio invested in Pepsi and 7 percent in Coke. Since 2002, Yacktman’s son Stephen has been a comanager for the fund.
Read More About the Yacktman Fund.