In the Wednesday edition of the Wall Street Journal Fund Track column, Sam Mamudi took at look at how some value funds are faring this year. As of Friday, four value funds gained more than 32 percent this year and every single one of them were down at least 45 percent last year, Mamudi reports, citing Morningstar data.

Getting special mention in the article is Touchstone Large Cap Value Fund, which is up 44 percent this year, making it the biggest advancer year-to-date. The fund was down 75 percent last year. Mamudi also notes that Vanguard Capital Value Fund rose 38 percent after declining 49 percent last year. Legg Mason Opportunity Trust, run by Bill Miller, is up 31 percent this year after falling more than 65 percent in 2008.

On the growth side of the fence, Mamudi points to William Blair Small Cap Growth, which is up 32 percent this year after declining 47 percent last year.  

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