Figures never lie, but they are subject to interpretation and more often, misinterpretation.
The PRI Preferred List shows the top funds in each of nine style categories: large cap, midcap, small cap, value, core and growth. We began with approximately 20,000 mutual funds and filtered them down to these 22 funds. (The procedure for doing this was explained in Pensions & Investments, Nov. 1.)
Here's how they're open to misinterpretation.