styles, and two bank-run mutual funds have made the grade.
Established in March, S&P's fund evaluation service picks portfolios on the basis of factors such as performance and management.
S&P recently started rating small- and mid-cap funds that mix value and growth stocks. The Dreyfus Growth and Value Fund, a mid-cap fund managed by Dreyfus Corp., a unit of Mellon Bank Corp. of Pittsburgh, is one of seven funds added to the "select" list. The Accessor Small to Mid Cap portfolio, which is managed by Accessor Capital Management, also made the list. Accessor is 25%-owned by Zions Bancorp. of Salt Lake City.
The funds earned "select" status by showing "superior, consistent returns in the past three years relative to their peers," as well as a higher degree of management excellence, Standard & Poor's said.
S&P now examines eight categories of funds for its "select" stamp. -- Cheryl Winokur