MutualFunds.com provides weekly information about any material impact on the mutual funds industry due to major economic and corporate events around the world. In addition, performance statistics on the top funds and fund categories are also provided.
- Both U.S. and international equities all bounced back this week.
- The best-performing fund for 2018 on a year-to-date basis is Leland Thomson Reuters Vntr Cptl Idx I (LDVIX).
- Broad basket commodities is the best-performing mutual funds subcategory based on rolling-month returns.
- Make sure to check out the previous edition of the Weekly Roundup to keep track of changing trends in the mutual funds space.
U.S. Equities – U.S. equity markets all bounced back from last week’s declines, with the Dow Jones Industrial Average increasing by 1.79% to close at 24,360 and is now down 1.45% on a year-to-date basis. The S&P 500 also had a gain of 1.99% for the week to close at 2,656, and is down 0.65% year-to-date. The NASDAQ Composite increased 2.77% to close at 7,107. The NASDAQ is the best-performing index among major indices on a year-to-date basis and is up 2.94%.
The best-performing sector was energy for the second week in a row, up 6.03%. This sector consists of companies like Exxon Mobil Corp (NYSE:XOM), which was up 4.90% for the week.
International Equities – The international markets were also up this week, with the MSCI Developed Market Index up 1.49% to close at 2,042. The MSCI Emerging Market Index had a gain of 0.74% to close at 1,170. Japan’s Nikkei 225 also saw an increase this week of 0.98% to close at 21,779.
Commodities – The commodities markets were all up this week, with crude oil seeing a large gain of $5.33 per barrel to close at $67.39. The price of gold increased by $13 per troy ounce to close at $1,345. Copper prices also increased slightly by $0.01 to close at $3.07.
Be sure to read our important tips on how to invest in the right commodity-based mutual fund.
Taxable Bonds – Treasury yields were all up again this week, with the 2-year Treasury increasing by 10 bps and is now yielding 2.37%. The 10-year Treasury yield gained by 7 bps and now yields 2.84%. The 30-year Treasury increased by 2 bps and now yields 3.04%.
Municipal Bonds – Municipal yields were mostly down this week, with the exception of the 2-year AAA-rated bonds that increased by 3 bps to yield 1.76%. The 10-year AAA-rated bonds saw a decrease of 4 bps, while the 30-year AAA-rated bonds dropped 2 bps and yields 2.99%. Municipal bond funds saw outflows of $372 million this week, making this the second week of outflows in a row. The largest credit spread for the two-year securities increased to 61 bps for the week.
Be sure to read important tips on how to invest in the right commodity-based mutual fund.
Performance Snapshot: Top Fund Category
The following table provides a list of the top-performing mutual fund subcategories for the previous week within the broader categories of the industry. In each of these subcategories, we have listed the top mutual funds based on the one-month return generated as of April 13, 2018.
|Category||Top Subcategory||1-Month Subcategory Return (%)||Top Subcategory Performer||Ticker||1-Month Fund Return (%)||Performance Rationale|
|U.S. Equity Fund||Small Cap Value Equities||-1.97%||Small Cap Value||SCAPX||2.77%||The fund's largest holding is Express Inc. (NYSE:EXPR), which is up over 9.42% for month-to-date April.|
|International Equity||Europe Equities||0.76%||Shelton European Growth & Income Direct||EUGIX||3.23%||The fund's second largest holding is LVMH Moet Hennessy Louis Vuitton SE (OTC:LVMHF), which is up over 18% YTD.|
|Commodities||Broad Basket||2.42%||Rydex Commodities Strategy A||RYMEX||5.99%||With commodities all up big this week, this fund benefitted by having exposure to oil.|
|Taxable Bonds||Long Government||1.42%||Vanguard Extended Duration Trs Idx Instl||VEDTX||2.49%||Longer maturity bonds saw the biggest gain this week.|
|Municipal Bonds||High Yield Municipal Bonds||0.99%||Oppenheimer Rochester Shrt Dur HY Muni B||OIMBX||3.68%||Shorter duration high yield bond funds saw the largest increase in price.|
Performance Snapshot: Top Fund
Leland Thomson Reuters Vntr Cptl Idx I (LDVIX)
One of the fund’s largest holdings is Adobe Systems Inc. (NASDAQ:ADBE), which is up over 29% on a year-to-date basis.
Top 5 Performers
The following table provides the top-performing mutual funds on a YTD basis as of April 13, 2018. Only those funds that are rated five stars by Morningstar and that generated YTD returns greater than or equal to that achieved by the S&P 500 are included.
|Name||Ticker||Category||YTD %||Net Expense Ratio||% of Assets in Top 10 Holdings||Total Assets $ (Millions)||Top Sector Invested|
|Leland Thomson Reuters Vntr Cptl Idx I||LDVIX||Large Blend||12.55%||1.74%||21.20%||$41||Technology|
|Copley||COPLX||Large Cap Value Equities||11.11%||7.07%||67.30%||$93||Utilities|
|ClearBridge Select IS||LCSSX||Mid Cap Growth Equities||10.31%||2.02%||28.80%||$45||Technology|
|Virtus KAR Small-Cap Growth I||PXSGX||Small Cap Growth Equities||10.20%||1.25%||49.50%||$2,520||Technology|
|PRIMECAP Odyssey Aggressive Growth||POAGX||Mid-Cap Growth||9.95%||0.64%||33.60%||$10,800||Healthcare|
We provide this report on a weekly basis. To stay up to date with mutual fund market events, return to our News section.