(17.58) since Fall of 2003...the fund "manager" has gambled with "sector bets" that have grossly underperformed, and the selling of his top ten holdings (mostly energy, ag, and materials) has been exascerbated by forced redemptions by hedge funds....you would have been better off the past six months with an S and P Index Fund with a .08 expense ratio and a 2.2 % dividend yield....and slept a lot better at night.