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April 12, 2004 at 08:00 PM
Quick Take: A middle-of-the-road growth strategy that is considerate of stock valuations suits Bert Boksen, manager of Heritage Aggressive Growth Fund/A (HAGAX). Asked about the fund’s strong returns, Boksen said: “We diversify the portfolio, and try not to hit home runs.”
The fund’s long-term record is competitive. For the five-year period through last year, Heritage Aggressive Growth rose 12.1%, on average, versus 3.1% for its mid-cap growth peers. It is in the top quartile for four out of the past five years. Lower expenses help the fund’s overall returns. The portfolio charges 1.48% of assets, versus 1.81% for the peer group.
