THREE MUTUAL FUNDS WITH STABLE RESULTS
Investors desire mutual funds with consistent returns and low turnover (in terms of management). Another is portfolio managers with significant track record. Majority of mutual funds divulge details about the fund itself and its respective managers. Information is readily available but picking the best funds is another story. Below are some mutual funds that focus on capital increment in the long stretch.
Fidelity Contrafund. A capital growth seeker, the fund primarily invests in securities of firms in which its worth is not fully acknowledged by the general public, as perceived by Fidelity Investments. The actively managed fund, first handled by William Danoff in September 1990, prefers growth stocks, value stocks, or both. As of May 31, it holds net assets amounting to $107.8 billion.
Having a 0.71% expense ratio, Fidelity Contrafund has 332 holdings under management. The fund has managed to surpass the S&P 500 over the past three years, as well as recorded a year to date performance of -3.75% as of June 24.
T. Rowe Price Blue Chip Growth Fund. The fund ventures in the common stocks of mid- and large-sized blue chip firms that can render sustainable earnings growth, profitability, and sturdy market positions. T. Rowe Price Blue Chip Growth Fund, which has been supervised by Larry Puglia since 1993, boasts net assets totalling to $31.6 billion as of May 31.
The fund has 139 holdings and a 0.71% expense ratio as of May this year. Amazon and Facebook are some of its main holdings, greatly favoring the information technology sector in the fund.
Yacktman Fund. Since its introduction in 1992, Yacktman Fund trails a disciplined methodology when purchasing growth firms at affordable prices. The fund’s holdings are hugely concentrated in nature and 30% of its assets come from consumer non durable sector. Having a 0.72% expense ratio, it has $8.81 billion in net assets as of May 31.
Two months ago, the fund changed its management as Donald Yacktman became an advisor for the AMG Yacktman Focused Fund and the AMG Yacktman Fund. Yacktman Asset Management’s Jason Subotky and Stephen Yacktman took over as portfolio managers.
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