Mutual Fund News Roundup: October 31

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Roundup for October 31


Mutual Fund News Roundup: October 31

Shauna O'Brien Oct 31, 2014

Signs You May Be Paying Too Much for Your Mutual Fund

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 Ariel Focus Fund: Quarterly Results

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

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

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

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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