Barron's Intervew With David WInters - Wintergreen Advisers

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Interview With David Winters, CEO, Wintergreen Advisers

Winters believes in running a concentrated portfolio, and the Wintergreen Fund (WGRNX) has only about 50 holdings. The top 10 account for roughly half of the $1.6 billion under management. In 2006 Wintergreen returned a total 20.1%, in the middle of Morningstar's world-equity category. Last year it clocked a total return of 21.1%, placing in the top 10% of its peer group. So far this year the fund is down 5% amid a challenging market for equities, though it ranks near the top of its peer group once again. While the selloff in stocks has been painful, Winters prefers to focus on the abundant bargains now available to value investors. He should know.

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