21.   Most equity funds performed above the average of their category based on three year returns, according to Morningstar Inc., the financial publisher in Chicago.

22.   Most investors only care about how their funds are performing.

23.   Most such funds perform well when long-term interest rates fall rapidly.

24.   On the other hand, if the fund performs well, the value of your investment will increase.

25.   Or Richard S. Strong, whose Strong Discovery fund performed badly last year because of ill-timed bets against the stock market.

26.   Or Richard Strong, whose Strong Discovery fund performed badly last year because of ill-timed bets against the stock market.

27.   One fund performed better than the newsletter, the other three worse.

28.   Over all, how do sector-neutral funds perform against their indexed and actively managed siblings?

29.   Past performance, he said, offers no indication of how a fund will perform in the future.

30.   Short funds did perform markedly better in April, but their overall performance for the year remains undistinguished.