Value Pack
This fund thinks portfolio diversity is overrated.
Don Yacktman has been a fan of value investing for years-and hisYacktman Focus fund (YAFFX) shows it. Through December 13, thefund--with only 25 stocks in its portfolio--was up more than 14percent, while other mid-cap value funds were underwater by about16 percent, according to Lipper Analytical Services.
"We buy profitable businesses that have returns on sales,low prices, and management teams that do a good job at capitalallocation," says Yacktman, who's managed the fund sinceits inception in 1997.
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