• Dow Jones Industrial Index (DJIA) declined, but S&P 500 and NASDAQ showed marginal gains.

• Markets bounced back on Friday, as Donald Trump took office.

• The best-performing fund for 2017, so far, is the Invesco Gold & Precious Metals Investor (FGLDX).

• Make sure to check out the previous edition of the Weekly Roundup to get the whole picture.

U.S. Equity – U.S. equities showed little movement for the week, with the DJIA decreasing 0.32% for the week to 19,827. The S&P 500 was up slightly, gaining 0.04% for the week, and is at 2,271. The NASDAQ was one of the best performing U.S. indexes, up 0.14% for the week at 5,555 and up 3.20% year-to-date. All three indexes were down for the week through the close of Thursday. On Friday, the market saw a slight uptick as Donald J. Trump officially became the 45th president of the United States.

The consumer staples sector was the week’s best performer, up 2.05% for the week and up 1.62% for the year. As investors worry about the economy’s future, consumer staples are considered one of the more defensive sectors in the market.

International Equity – International markets were also sluggish for the week, with the MSCI Developed Index decreasing 0.47% for the week and the MSCI Emerging Index down 0.30%. Japan’s NIKKEI showed little gain, up only 0.02% for the week.

Commodities – The commodity sector was mixed, with oil declining $0.59 per barrel, or -1.11%, and closing at $52.42 per barrel. The price of gold continued its positive trend for the fourth week in a row and was up $5 per troy ounce. Copper, on the other hand, declined $0.05 per pound, or -1.88%.

Be sure to check our important tips on how to invest in the right commodity-based mutual fund.

Taxable Bonds – Long-term Treasury bond yields increased for the week, while the 2-year Treasury remained flat. Both the 10-year and 30-year Treasuries increased 7 bps and 6 bps, respectively. Now that the Fed has finally raised interest rates, it’s a good time to become familiar with how to rebalance your portfolio based on interest rate hikes.

Municipal Bonds – Short-term AAA-rated 2-year municipal yields dropped 1 bps to 1.12%. The 10-year and 30-year AAA-rated municipals both increased their yields by 12 bps from the week prior. Municipal fund flows showed second consecutive week of inflows, with a $546 million increase of assets.

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 month-to-date (MTD) fund return generated as of January 20, 2017.

Top-performing fund: Invesco Gold & Precious Metals Investor (FGLDX)

This fund is heavily invested in gold mining companies, with the top holding Torex Gold Resources Inc (TXG) which is up over 32% year-to-date.

The following table provides the top-performing mutual funds on a YTD basis, as of January 20, 2017. Only those funds that are rated 5 stars by Morningstar and that generated YTD return greater than that achieved by the S&P 500 are included.

We provide this report on a weekly basis. To stay up to date with mutual fund market events, return to our News section.