Our return places us in the top 7 percent of large-cap blend funds , said Scott Keller
, a vice president with Henssler Asset Management
, referring to the Henssler Equity Fund ( NYSE : HEQFX ) 's strategy of purchasing large companies with more than $5 billion in capitalization blended across several industries.The ranking is among a group of 749 funds , he
The tiny Henssler Equity Fund -- it has assets of $30 million -- will pass a major hurdle on July 1 , when Morningstar Inc.
will begin to rate it , Keller
Since its launch in June 1998 , the Henssler Equity Fund has had an average total return of 10.68 percent.That compares with the Standard & Poor's 500's 5.71 percent return over the same time.
The fund was hit earlier this year in the downturn.But even then , the figures it reported for the first quarter reflected a decline of 6.22 percent compared with the first quarter a year earlier , while the S&P index was down 21.68 percent at the same time.