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Value Added

Here's a midcap fund that's more than just middle of the road.

This story appears in the November 2003 issue of Entrepreneur. Subscribe »

No matter how you slice it, buying low and selling high is howthe big guns on Wall Street make their money. When it comes tomutual funds, the same is true- if the fund has a valuebent.

David Wallack, portfolio manager of the T. Rowe Price Mid-CapValue Fund (TRMCX), understands market challenges. His grasp ofdownside risk- upside potential- rewarded fundshareholders: Over the past three years, ending July 31, thefund's average annual total return was 13.09 percent, accordingto Lipper. In addition, it's garnered four out of five possibleLipper Leaders checks, scoring it tops in total return, consistentreturns, preservation of capital and expenses.

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