Agreed. This fund company got plundered by the Pilgrim & Baxter families throughout the 1980's and 1990's, and then tossed around through various changes in charter and increaes in management fees, only to emerge as a mish-mash of listless funds. The recent request by the board to completely gut this fund and sell its assets to a new fund called the Old Mutual Focused Fund (being voted on at the November 2009 shareholder's meeting) is further proof that this company and its funds are being used as a shell game for personal enrichment by the management. I regret the day I bought into this turkey and once I break even I am bailing for brighter pastures.