With around $100 million in assets, this is a relatively compact fund. It’s also a cautious one—as recently as the end of last month, roughly 40 percent of its portfolio was stashed away in cash. This conservative approach reflects the fund’s fears about the global economic climate and about how foreign countries will manage to curb their stimulus efforts without succumbing to sharp falloffs. The fund’s conservatism also manifests itself in a surprisingly stable portfolio, as evidenced by a 10 percent turnover ratio. Some of the fund’s biggest positions are in Canada and the United Kingdom. Its top holding, for example, is in the Canadian mining company Teck. Going forward, the fund expects to find its best opportunities in technology and healthcare.
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Large value: The Yacktman Fund (YACKX)