3rd Quarter Review of U.S. Mutual Funds

Standard & Poor's Third Quarter Review of U.S. Mutual Funds shows that all fund categories finished in positive territory. Mid-cap growth funds gained the most, returning 6.1% for the quarter while large-cap value portfolios showed the smallest increase, rising 3.6%. The S&P 500, the world's most followed index, was up 3.6% during this time period. Growth-oriented funds outperformed their value counterparts over the past three months. The average growth fund advanced 5.6% for the three months ending September 30, versus a 4.5% gain for the average value fund. However, value funds still reign supreme so far this year, gaining 5.4% versus a gain of 4.5% for the average growth fund.

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(May '04-Jun '05)