Enterprise Small Company Value Fund Loses Select F

“Given the strong performance of the small cap sector (during 2000 and 2001), it was expected that the fund would improve along the same lines as the peer group when, in fact, it did not,” according to Phil Edwards, Standard & Poor’s managing director of global funds research.

Edwards noted that while the fund continued to maintain a “disciplined approach of bottom-up selection,” which was critical to its original designation as a Select Fund, its managers had reported that asset allocation — specifically in telecommunications and consumer-related industries — had resulted in the recent poor performance.