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Fund Spy: Morningstar Medalist Edition

Funds With Newer Managers Can Still Earn Medals

Old wine, new bottles.

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It's more comforting if a fund has a manager with a long track record. But even funds run by managers with shorter tenures can be Morningstar Medalists if they engender sufficient confidence in their long-term prospects. This typically occurs when the managers have had success elsewhere and are using the same approach at a new, reasonably priced fund offered by a decent parent company. Here are a few equity funds fitting that description.

 BlackRock Basic Value (MABAX) | Analyst Rating: Bronze
While Carrie King has been a named comanager on this large-value fund for nearly five years, Bart Geer--who joined the fund in October 2012--serves as the lead here. Geer brought his relative value strategy, which relies on a mix of fundamental research and quantitative screens, to this fund from a successful 12-year stint at Putnam Equity Income (PEYAX). From December 2000 through August 2012, the Putnam fund surpassed 74% of its peers as well as the Russell 1000 Value Index.

Greg Carlson does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.