21.   Instead, they indicate how much risk a fund took to achieve performance within its class.

22.   Investors should also be cautious about funds with unusually high yields, because such funds may be taking many risks, fund executives say.

23.   Is the fund now taking on a warmer, fuzzier hue?

24.   Like little kids, young funds will take chances.

25.   Mason Hawkins, co-manager of the fund, explained that the fund was taking profits on several stocks that it believed were fully valued.

26.   Most British pension funds still take that route, though some are starting to adopt a more public approach.

27.   Most of the good news could be found at Fidelity Investments, where funds took half the top positions.

28.   Not all index funds take home blue ribbons.

29.   Of greater concern, the fund has taken some very big positions.

30.   Once the fund takes a short position, Tice and his team do not intend to write up the investment for institutional investors.