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Best and Worst Mutual Funds of 2011

By Ben Steverman and Wei Lu - 2011-12-16T23:15:45Z

Photograph by Jin lee/Bloomberg

Company Symbol % Change
KKR Financial Holdings LLC KFN:US 0.00
Bank of America Corp BAC:US 2.20
Teleflex Inc TFX:US -0.52
Cooper Cos Inc/The COO:US -0.52
Cognizant Technology Solutions Corp CTSH:US -0.25
ANSYS Inc ANSS:US 1.23
Sears Holdings Corp SHLD:US 1.41
BioMarin Pharmaceutical Inc BMRN:US 0.74
BioScrip Inc BIOS:US -3.00
priceline.com Inc PCLN:US 0.36
Alliance Data Systems Corp ADS:US 0.70
VeriFone Systems Inc PAY:US 0.70
OM Group Inc OMG:US -2.83
Herbalife Ltd HLF:US -2.09
Valeant Pharmaceuticals International Inc VRX:CN 1.60
United Continental Holdings Inc UAL:US -0.41
International Rectifier Corp IRF:US 1.15
Ford Motor Co F:US -0.10
Lorillard Inc LO:US -0.74
Berkshire Hathaway Inc BRK/A:US 0.27
VCA Antech Inc WOOF:US 0.48
Bristol-Myers Squibb Co BMY:US 0.37
Cepheid Inc CPHD:US -1.02
Teva Pharmaceutical Industries Ltd TEVA:IT -0.80
HMS Holdings Corp HMSY:US 0.69
Whole Foods Market Inc WFM:US 1.47
Clicksoftware Technologies Ltd CKSW:US -1.12
H&R Block Inc HRB:US -0.34
CONMED Corp CNMD:US -1.26
Cubist Pharmaceuticals Inc CBST:US -1.55
Merck & Co Inc MRK:US -0.37
Perrigo Co PRGO:US 0.81
GP Strategies Corp GPX:US -1.11
EchoStar Corp SATS:US 1.44
Waste Connections Inc WCN:US 0.00
AT&T Inc T:US -0.27
Apple Inc AAPL:US -0.77
LKQ Corp LKQ:US -0.45
SBA Communications Corp SBAC:US 0.67
LKQ Corp LKQX:US 0.00
Hexcel Corp HXL:US -0.20
Kaiser Aluminum Corp KALU:US -1.36
Mastercard Inc MA:US 0.70
DISH Network Corp DISH:US -0.42
TJX Cos Inc TJX:US 0.60
Alexion Pharmaceuticals Inc ALXN:US 4.26
Weight Watchers International Inc WTW:US 2.64
Verizon Communications Inc VZ:US 0.12
National Oilwell Varco Inc NOV:US -0.66
eBay Inc EBAY:US -0.73
Finisar Corp FNSR:US 0.62
Assured Guaranty Ltd AGO:US -0.89
Brightpoint Inc CELL:US -0.39
Apollo Group Inc APOL:US -1.63
Wells Fargo & Co WFC:US 0.86
American International Group Inc AIG:US -0.37
JPMorgan Chase & Co JPM:US 4.61
12 of 23

The Worst of the Worst

Most active fund managers fell behind their alternative -- low-cost equity index funds -- in the past year. The average actively managed fund lost 2.4 percent in 2011 to Dec. 2, while the S&P 500 provided a total return of about 1 percent. In 2010, the average fund returned 19 percent, beating the S&P 500 by more than four percentage points.

Thus, this year's worst-performing funds are much more typical of their industry than the best funds. In fact, Bloomberg Rankings' list of the year's worst funds includes two of the fund world's most prominent managers, Fairholme Fund's Bruce Berkowitz and CGM's G. Kenneth Heebner.

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