We hope that your investment advisor (if you use one) has you invested in one or all of the top-ranked mutual funds we've reviewed. With a much more diversified approach, JATIX-part of the Sector - Tech mutual fund category-gives investors a way to own a stake in the notoriously risky tech sector. Janus Henderson Global Technology I (JATIX) is an attractive fund with a five-year annualized return of 18.88% and an expense ratio of just 0.78%. 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. FCHSX has generated annual returns of 1.35% over the last five years. FCHSX is a Small Cap Blend mutual fund, and usually targets stocks with market caps of less than $2 billion, letting investors diversify their funds among other kinds of small-cap equities. Another fund guilty of having investors pay more in fees than returns.įidelity Advisor Event Driven Opportunities A (FCHSX) - 1.53% expense ratio, 0.8% management fee. This fund has an annual returns of -0.87% over the last five years. These funds' investment strategy consists of minimizing overall market exposure, while at the same time taking long positions in equities that are expected to appreciate and short positions in equities that are projected to decline. Marketfield R6 (MFRIX): 2.28% expense ratio, 1.4% management fee. With a five year after-costs return of 1.58%, you're for the most part paying more in charges than returns. CEXAX is a Small Cap Value mutual fund option, which typically invest in companies with market caps under $2 billion. Now, let's take a look at three market misfires.Ĭamelot Excalibur Small Cap Income A (CEXAX): 2.62% expense ratio and 1% management fee. 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.īelow, 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. The easiest way to judge a mutual fund's quality over time is by analyzing its performance and fees. If your advisor has you invested in any of these "Mutual Fund Misfires of the Market" with high fees and low returns, you need to rethink your advisor.
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