As laggard value stocks have come back into favor over the past two quarters, it has given a boost to a number of struggling mutual funds with deep-value strategies. Meanwhile, funds that land in the value Morningstar Categories but tend to hold stocks with stronger earnings-growth profiles have seen their fortunes turn for the worse. We drilled down into Morningstar's large-value category to look for funds that have had significant swings higher or lower in their category rankings. To do so, we compared funds' one-year return rankings as of Sept. 30, 2020, with their rankings six months later. These time frames featured two distinct periods in the dynamic between value and growth stocks. From Oct. 1, 2019, through Sept. 30, 2020, we captured some of the worst performance on record for value stocks when compared with growth stocks. During this period, the Morningstar US Large Value Index declined 7.1% and was left far in the dust by the Morningstar US Large Growth Index's 40.5% return.