Mutual Fund News Roundup: October 31

Welcome to Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience


Find the latest content and information here about the 2019 Charles Schwab Impact Conference.


Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

Roundup for October 31


Mutual Fund News Roundup: October 31

Shauna O'Brien Oct 31, 2014

Staying on top of the most important mutual fund news is important for investors. Below, we highlight some recently reported mutual fund-focused news.

Signs You May Be Paying Too Much for Your Mutual Fund

In a recent article published on Motley Fool, the concern of mutual fund expenses was addressed. Some investors tend to head towards exchange-traded funds (ETFs) for lower fees – but there may be ways for investors to lower expenses while still owning mutual funds.

According to the article, there are five signs that you are paying too much for your mutual funds.

  • Your mutual fund charges a sales load
  • Your mutual fund charges a 12b-1 fee
  • Your mutual fund has annual management fees of more than 1%
  • Your mutual fund’s long-term average returns aren’t keeping up with the fund’s benchmark
  • You can get the same fund, or a similar fund, at a lower cost elsewhere

If you are seeking lower fees, it may be a good idea to re-examine your funds. You may be able to find a better value elsewhere.

Mutual Funds with 10 Years of Positive Returns

The markets can be a tricky place for investors. During the Great Recession, many investors found themselves with major losses. But not every investment ended with disappointment. Below are three mutual funds that have increased every year for the last 10 years.

The Ariel Focus Fund: Quarterly Results

The Ariel Focus Fund fell -0.98% this quarter, compared to a 1.13% gain in the S&P Index and a -0.19% decline in the Russell 1000 Value Index.

During the quarter, Lockheed Martin (LMT) and Microsoft (MSFT) added the most gains to the fund. LMT gained a total of +14.59% and MSFT posted gains of +11.86%.

Pier 1 Imports (PIR) and Chesapeake Energy (CHK) reported the biggest losses of the quarter. PIR’s share price dropped -22.54%, while CHK fell -21.53%.

Westport Funds Releases Q3 Data

Westport Select Cap Fund’s Class R shares declined 3.43% in the third quarter, which outperformed the Russell 2000.

The fund’s decline was primarily due to a decline in the Russell 2000, which hurt the fund’s small cap holdings. However, the fund’s 16 of 24 holdings that are in the index outperformed.

Wally Weitz Comments on Pullbacks

Wally Weitz of Omaha’s Weitz Investment Management, who is known on Wall Street as a value investor, hit the jackpot over the last few weeks picking up six new stocks as they fell below benchmarks.

Weitz noted: “Six stocks in 10 days, that is usually a year and a half supply for us."

The recent pullback has given portfolio managers like Weitz a cheap buying opportunity. He noted that he is excited about opportunities and is amazed that disease, war and recession happen every few years.

For more information, click here.

Franklin Templeton Reports Q3 Results

Franklin Templeton reported a 26% rise in profits for global assets in the third quarter.

The fund is compiled of stocks, bonds and cash from countries around the world. Net income for the quarter was $640.6 million, or $1.02 a share, up from $509 million, or 80 cents per share, a year ago. Analysts expected to see EPS of 92 cents.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Please Enter Your Email
Please Select Your Advisor Type

Popular Articles

Download Our Free Report

Why 30 trillion is invested in mutual funds book