iggie, I think you're splitting hairs. I looked it up and CGMRX had a phenomenal 2003, 89%. I don't think because CGMRX returned 3% higher over the past 5 years means it will continue to outperform, it could be the opposite over the next 5 years. What you could do though is diversify by buying both. I just own CGMFX because he has more flexibility, though I am becoming concerned about the size of the fund.