Security Fund Wins With Its Flexibility; Energy Weighting Cut; Mid Cap Value manager wants maximum assets for each dollar of cost.(MUTUAL FUNDS)(MUTUAL FUND PROFILE)

Publication: Investor's Business Daily

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COPYRIGHT 2004 Investor's Business Daily, Inc.

Byline: PAUL KATZEFF

Security Mid Cap Value Fund likes to buy smaller stocks that are undervalued relative to their assets, earnings, growth potential or cash flow.

The $378 million fund's taste for such stocks has been rewarded.

This year going into Tuesday the fund was up 19.69% vs. 13.25% for its small blend peers tracked by Morningstar and the S&P 500's 7.95%.

Over the past five years it has averaged an 18.14% yearly gain vs. 12.69% for its peers and a 1.75% loss by the S&P 500.

Manager James Schier starts his stock selection process by focusing on valuation.

"I want to maximize the assets or earnings growth I get for every dollar I spend," Schier said. "I'm looking for...

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