The fund will try to stimulate economic development and strengthen cultural institutions.

Through bankruptcy proceedings, the fund tried to take control of the company, lawsuits contend.

And some funds do not even try to use their clout to get lower fees from lawyers.

That is because most funds aren't trying to match or beat those indexes.

Some funds are trying to woo potential Japanese investors to increase their capital bases.

"Why should I reward someone who doesn't like the president, so they can use funds to try to campaign against the president?"

"If every mutual fund tried to sell everything today, the market would go down a lot."

Stocks that pass those tests may still have problems, and the funds often try to persuade the corporations to make changes.

The fund, up 0.9 percent this year, doesn't try to predict the market's overall direction.

Still, the report noted that the fund had tried to offer the most favorable terms for taxes, earnings potential and other factors.