"The universe of mid-cap funds is relatively small, and these ten funds represent around 11% of the qualifying universe as a whole," said Philip Edwards, managing director at Standard & Poor's responsible for the Select Fund service. "They achieved Select Fund status not just because of their superior returns relative to their peers, but also because of a demonstrable quality and depth of management."

"The Select Fund methodology goes beyond just looking at performance statistics," Mr. Edwards said. "We want to know how the returns were achieved, and to understand the management philosophy. That way, we believe, we have a better chance of identifying funds that are more likely to be able to repeat those returns. Just looking at the performance of a fund is no longer sufficient for most investors and intermediaries needs."

The screening process involved in the funds' selection includes a screen for performance within its assigned peer group, and analysis focusing on the experience, expertise and style of the fund manager, the stability and depth of the fund management team, and also of the fund sponsor organization. In addition, Standard & Poor's also analyze the funds current and historical holdings to ensure that they match the stated philosophy and requirements of the fund.

Mid-Cap stocks are defined as those with market capitalizations between $1 and $5 billion, and tend to represent those companies that have moved beyond their initial growth phase.

S&P's Select List of Mid-Cap Growth Funds
Fund Name	Ticker	Fund Group
Citizens Trust Emerging Growth	WAEGX	Citizens Trust Funds
Dresdner RCM Growth Equity		Dresdner RCM Funds
INVESCO Dynamics	FIDYX	INVESCO Funds
Marshall Mid-Cap Growth /Y	MRMSX	Marshall Funds
MAS Mid Cap Growth /Inst	MPEGX	MAS Funds
One Group Growth Opportunities/Fiduciary	HLGEX	One Group Funds
One Group Growth Opportunities /Investor	OSGIX	One Group Funds
PIMCO Mid Cap Growth /Adm	PMCGX	PIMCO Funds
PIMCO Mid Cap Growth /Inst	PMGIX	PIMCO Funds
Putnam Vista /A	PVISX	Putnam Funds
Putnam Vista /B	PVTBX	Putnam Funds
Putnam Vista /M	PVIMX	Putnam Funds
Putnam Vista /Y	PVIYX	Putnam Funds
T Rowe Price Mid-Cap Growth	RPMGX	T Rowe Price Funds
Van Kampen Emerging Growth /A	ACEGX	Van Kampen Funds
Van Kampen Emerging Growth /B	ACEMX	Van Kampen Funds
Van Kampen Emerging Growth /C	ACEFX	Van Kampen Funds

 

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