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Does Your Retirement Portfolio Hold These 3 Mutual Fund Misfires? - November 14, 2019
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You may need to start looking for a new financial advisor if your current one has put any of these high-fee, low-return "Mutual Fund Misfires of the Market" into your portfolio.
The easiest way to judge a mutual fund's quality over time is by analyzing its performance and fees. Our Zacks Rank of over 19,000 mutual funds has identified some of the worst of the worst mutual funds you should avoid, the funds with the highest fees and poorest long-term performance.
Below, you'll read about some of the funds included in our current list of "Mutual Fund Misfires of the Market." And if by chance you're invested in any of these misfires, we'll help and review some of our highest Zacks Ranked mutual funds.
3 Mutual Fund Misfires
Now, let's take a look at three market misfires.
Gabelli Focus Five Fund I (GWSIX - Free Report) : 1.46% expense ratio and 1% management fee. GWSIX is a Small Cap Value fund, and these funds are known for investing in companies with market caps under $2 billion. With a five year after-expenses return of -0.95%, you're mostly paying more in fees than returns.
Clearbridge International Value IS (LSIUX - Free Report) : 0.8% expense ratio, 0.75%. LSIUX is a part of the Non US - Equity fund category, many of which will focus across all cap levels, and will typically allocate their investments between emerging and developed markets. This fund has yearly returns of -1.33% over the most recent five years. Another fund liable of having investors pay more in charges than what they receive in return.
Cutler Fixed Income Fund - 1.57% expense ratio, 0.5% management fee. CALFX is classified as a Government - Bonds fund. These funds hold securities issued by the U.S. federal government in their portfolios, and focus across the curve, meaning the yields and interest rate sensitivity will vary. CALFX has generated annual returns of 1.1% over the last five years. Ouch!
3 Top Ranked Mutual Funds
Now that you've seen the worst Zacks Ranked mutual funds, let's have a look at some of the highest ranked funds with the lowest fees.
Artisan Global Opportunities Investor (ARTRX - Free Report) is a winner, with an expense ratio of just 1.16% and a five-year annualized return track record of 10.58%.
Fidelity Growth Strategies Fund (FDEGX - Free Report) is a stand out fund. FDEGX is an All Cap Growth mutual fund investing in a wide variety of equities, no matter the size of the company and as long as the firm exhibits growth characteristics. With five-year annualized performance of 10.1% and expense ratio of 0.54%, this diversified fund is an attractive buy with a strong history of performance.
Neuberger Berman Mid Cap Growth I (NBMLX - Free Report) has an expense ratio of 0.7% and management fee of 0.65%. NBMLX is a Mid Cap Growth mutual fund. These mutual funds choose companies with a stock market valuation between $2 billion and $10 billion. With annual returns of 11.12% over the last five years, this fund is a well-diversified fund with a long track record of success.
Bottom Line
So, there you have it - if your advisor has you invested in any of our "Mutual Fund Misfires of the Market," there is a good probability that they are either asleep at the wheel, incompetent, or (most likely) lining their pockets with high fee commissions at your financial expense.
Do You Know the Top 9 Retirement Investing Mistakes?
Whether you're planning to retire early or not, don't let investing mistakes derail your plans.
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Does Your Retirement Portfolio Hold These 3 Mutual Fund Misfires? - November 14, 2019
You may need to start looking for a new financial advisor if your current one has put any of these high-fee, low-return "Mutual Fund Misfires of the Market" into your portfolio.
The easiest way to judge a mutual fund's quality over time is by analyzing its performance and fees. Our Zacks Rank of over 19,000 mutual funds has identified some of the worst of the worst mutual funds you should avoid, the funds with the highest fees and poorest long-term performance.
Below, you'll read about some of the funds included in our current list of "Mutual Fund Misfires of the Market." And if by chance you're invested in any of these misfires, we'll help and review some of our highest Zacks Ranked mutual funds.
3 Mutual Fund Misfires
Now, let's take a look at three market misfires.
Gabelli Focus Five Fund I (GWSIX - Free Report) : 1.46% expense ratio and 1% management fee. GWSIX is a Small Cap Value fund, and these funds are known for investing in companies with market caps under $2 billion. With a five year after-expenses return of -0.95%, you're mostly paying more in fees than returns.
Clearbridge International Value IS (LSIUX - Free Report) : 0.8% expense ratio, 0.75%. LSIUX is a part of the Non US - Equity fund category, many of which will focus across all cap levels, and will typically allocate their investments between emerging and developed markets. This fund has yearly returns of -1.33% over the most recent five years. Another fund liable of having investors pay more in charges than what they receive in return.
Cutler Fixed Income Fund - 1.57% expense ratio, 0.5% management fee. CALFX is classified as a Government - Bonds fund. These funds hold securities issued by the U.S. federal government in their portfolios, and focus across the curve, meaning the yields and interest rate sensitivity will vary. CALFX has generated annual returns of 1.1% over the last five years. Ouch!
3 Top Ranked Mutual Funds
Now that you've seen the worst Zacks Ranked mutual funds, let's have a look at some of the highest ranked funds with the lowest fees.
Artisan Global Opportunities Investor (ARTRX - Free Report) is a winner, with an expense ratio of just 1.16% and a five-year annualized return track record of 10.58%.
Fidelity Growth Strategies Fund (FDEGX - Free Report) is a stand out fund. FDEGX is an All Cap Growth mutual fund investing in a wide variety of equities, no matter the size of the company and as long as the firm exhibits growth characteristics. With five-year annualized performance of 10.1% and expense ratio of 0.54%, this diversified fund is an attractive buy with a strong history of performance.
Neuberger Berman Mid Cap Growth I (NBMLX - Free Report) has an expense ratio of 0.7% and management fee of 0.65%. NBMLX is a Mid Cap Growth mutual fund. These mutual funds choose companies with a stock market valuation between $2 billion and $10 billion. With annual returns of 11.12% over the last five years, this fund is a well-diversified fund with a long track record of success.
Bottom Line
So, there you have it - if your advisor has you invested in any of our "Mutual Fund Misfires of the Market," there is a good probability that they are either asleep at the wheel, incompetent, or (most likely) lining their pockets with high fee commissions at your financial expense.
Do You Know the Top 9 Retirement Investing Mistakes?
Whether you're planning to retire early or not, don't let investing mistakes derail your plans.
If you have $500,000 or more to invest and want to learn more, click the link to download our free report, 9 Retirement Mistakes that will Ruin Your Retirement.