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According to the article, there are five signs that you are paying too much for your mutual funds.
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.
|Symbol||Mutual Fund||10 Year Return|
|WICAX||InvestEd Conservative Portfolio||25%|
|NSTAX||Neuberger Berman Strategic Income Fund Class A||16%|
|TGMNX||TCW Total Return Bond Fund Class N||7%|
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%.
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.
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.
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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.
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