Those small-capitalization stocks a fund bought years ago may have graduated to mid-cap or even large-cap status.
Or a manager may have made a conscious decision to shift the fund’s focus. For example, Fairholme Fund morphed over the past year into something akin to a financial-sector fund.
So check out a fund’s current investment style at Morningstar.com, with an eye toward how it fits in with your portfolio. If a fund is no longer a good fit, consider selling.
When to Sell: The Fund Changes Its Stripes