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Trending: Top 3 California Municipal Bond Funds
Justin Kuepper
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Municipal bonds have been a safe haven within fixed income markets that have...
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The information technology sector was this week’s top-performing area with a 2.63% return. The sector is up 15.41% on a year-to-date basis and is the best-performing sector. This is led by companies like Apple Inc. (AAPL) and Alphabet Inc. (GOOG), which are both up over 26% and 17%, respectively, on a YTD basis.
Explore our Mutual Fund Education section to learn more about important mutual fund concepts.
International Equities – International equities followed suit to the U.S. equity markets and ended in the positive for the week. The MSCI Developed Index had an increase of 3.12%, while the MSCI Emerging Index gained 1.74% for the week. Japan’s NIKKEI 225 continued its second week of gains, up 3.09% and closing at 19,197.
Commodities – The commodity sector showed declines for the most part, with crude oil falling $0.29 per barrel and closing at $49.33 per barrel. The price of gold also declined $21 per troy ounce to close at $1,266. Copper had the only increase, up $0.07 per pound to close at $2.61.
Be sure to read our important tips on how to invest in the right commodity-based mutual fund.
Taxable Bonds – Treasury yields showed little movement, with the two-year Treasury yield increased by 1 bps to 1.26%. The 10-year Treasury saw a decrease of 3 bps to 2.28%, while the 30-year Treasury remained flat at 2.95%.
Municipal Bonds – Municipal yields gained across the board for all maturities. The two-year AAA-rated bonds increased 3 bps to 1.01%. The 10-year AAA-rated municipal increased by 10 bps, while the 30-year increased by 12 bps. For the third week in a row, muni bond funds showed an inflow, registering $217 million last week.
Credit spreads decreased this week, with the largest spread between the five-year Treasury and the AAA-rated municipal decreasing 7 bps to 36 bps. The trend for longer-term bonds reversed this week, with the 30-year AAA-rated municipal bonds now yielding 7 bps more compared to its 30-year Treasury counterpart.
You can also read about essential tax tips for mutual funds so you are aware of key strategies to limit your tax burden.
Category | Top Subcategory | 1-Month Subcategory Return (%) | Top Subcategory Performer | Ticker | MTD Fund Return (%) | Performance Rationale |
---|---|---|---|---|---|---|
U.S. Equity Fund | Small Cap Growth | 2.89% | Jacob Micro Cap Growth Investor | JMCGX | 7.35% | The fund's largest holding is USA Technologies, Inc (USAT), which is up over 15% on a YTD basis. |
International Equity | India Equities | 5.27% | Wasatch Emerging India Institutional | WIINX | 8.49% | The fund invests in India-based companies. The BSE SENSEX Index is up over 12% YTD. |
Commodities | Broad Basket | -1.10% | TCW Enhanced Commodity Strategy I | TGGWX | -0.06% | With commodities falling this week, this fund was protected by being invested in 49% cash and the rest in bonds as a hedge. |
Taxable Bonds | Government Bonds | 1.67% | DoubleLine Long Duration Total Ret Bd I | DBLDX | 2.23% | WIth bond yields falling, the value of this bond fund increased in value. |
Municipal Bonds | High Yield Municipal Bonds | 0.81% | PIMCO High Yield Municipal Bond I | PHMIX | 1.65% | With yields dropping this week, high-yield bonds were the best-performing segment within the broad municipal bond sector. |
This fund’s largest holding is in MakeMyTrip Limited (MMYT), which is up more than 81% YTD.
Top Five Performers
The following table provides the top-performing mutual funds on a YTD basis as of April 28, 2017. Only those funds that are rated five stars by Morningstar and that generated YTD returns greater than equal to that achieved by the S&P 500 are included.
Top-Performing Fund | Ticker | Category | YTD Return (%) | Net Expense Ratio (%) | % of Assets in Top 10 Holdings | Total Assets $ (Millions) | Top Sector Invested |
---|---|---|---|---|---|---|---|
Wasatch Emerging India Institutional | WIINX | India Equities | 31.56% | 2.00% | 32.9% | $ 123 | Financial Services |
T. Rowe Price Global Technology | PRGTX | Global Equities | 22.77% | 0.90% | 61.2% | $ 3,800 | Technology |
Morgan Stanley Inst International Opp I | MIOIX | Foreign Large Cap Growth Equities | 21.97% | 1.34% | 49.3% | $ 101 | Technology |
Morgan Stanley Inst Global Opp I | MGGIX | Global Equities | 20.79% | 1.07% | 53.5% | $ 828 | Technology |
Oppenheimer Global Opportunities I | OGIIX | Global Equities | 20.45% | 0.75% | 32.8% | $ 4,500 | Technology |
Receive email updates about best performers, news, CE accredited webcasts and more.
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The information technology sector was this week’s top-performing area with a 2.63% return. The sector is up 15.41% on a year-to-date basis and is the best-performing sector. This is led by companies like Apple Inc. (AAPL) and Alphabet Inc. (GOOG), which are both up over 26% and 17%, respectively, on a YTD basis.
Explore our Mutual Fund Education section to learn more about important mutual fund concepts.
International Equities – International equities followed suit to the U.S. equity markets and ended in the positive for the week. The MSCI Developed Index had an increase of 3.12%, while the MSCI Emerging Index gained 1.74% for the week. Japan’s NIKKEI 225 continued its second week of gains, up 3.09% and closing at 19,197.
Commodities – The commodity sector showed declines for the most part, with crude oil falling $0.29 per barrel and closing at $49.33 per barrel. The price of gold also declined $21 per troy ounce to close at $1,266. Copper had the only increase, up $0.07 per pound to close at $2.61.
Be sure to read our important tips on how to invest in the right commodity-based mutual fund.
Taxable Bonds – Treasury yields showed little movement, with the two-year Treasury yield increased by 1 bps to 1.26%. The 10-year Treasury saw a decrease of 3 bps to 2.28%, while the 30-year Treasury remained flat at 2.95%.
Municipal Bonds – Municipal yields gained across the board for all maturities. The two-year AAA-rated bonds increased 3 bps to 1.01%. The 10-year AAA-rated municipal increased by 10 bps, while the 30-year increased by 12 bps. For the third week in a row, muni bond funds showed an inflow, registering $217 million last week.
Credit spreads decreased this week, with the largest spread between the five-year Treasury and the AAA-rated municipal decreasing 7 bps to 36 bps. The trend for longer-term bonds reversed this week, with the 30-year AAA-rated municipal bonds now yielding 7 bps more compared to its 30-year Treasury counterpart.
You can also read about essential tax tips for mutual funds so you are aware of key strategies to limit your tax burden.
Category | Top Subcategory | 1-Month Subcategory Return (%) | Top Subcategory Performer | Ticker | MTD Fund Return (%) | Performance Rationale |
---|---|---|---|---|---|---|
U.S. Equity Fund | Small Cap Growth | 2.89% | Jacob Micro Cap Growth Investor | JMCGX | 7.35% | The fund's largest holding is USA Technologies, Inc (USAT), which is up over 15% on a YTD basis. |
International Equity | India Equities | 5.27% | Wasatch Emerging India Institutional | WIINX | 8.49% | The fund invests in India-based companies. The BSE SENSEX Index is up over 12% YTD. |
Commodities | Broad Basket | -1.10% | TCW Enhanced Commodity Strategy I | TGGWX | -0.06% | With commodities falling this week, this fund was protected by being invested in 49% cash and the rest in bonds as a hedge. |
Taxable Bonds | Government Bonds | 1.67% | DoubleLine Long Duration Total Ret Bd I | DBLDX | 2.23% | WIth bond yields falling, the value of this bond fund increased in value. |
Municipal Bonds | High Yield Municipal Bonds | 0.81% | PIMCO High Yield Municipal Bond I | PHMIX | 1.65% | With yields dropping this week, high-yield bonds were the best-performing segment within the broad municipal bond sector. |
This fund’s largest holding is in MakeMyTrip Limited (MMYT), which is up more than 81% YTD.
Top Five Performers
The following table provides the top-performing mutual funds on a YTD basis as of April 28, 2017. Only those funds that are rated five stars by Morningstar and that generated YTD returns greater than equal to that achieved by the S&P 500 are included.
Top-Performing Fund | Ticker | Category | YTD Return (%) | Net Expense Ratio (%) | % of Assets in Top 10 Holdings | Total Assets $ (Millions) | Top Sector Invested |
---|---|---|---|---|---|---|---|
Wasatch Emerging India Institutional | WIINX | India Equities | 31.56% | 2.00% | 32.9% | $ 123 | Financial Services |
T. Rowe Price Global Technology | PRGTX | Global Equities | 22.77% | 0.90% | 61.2% | $ 3,800 | Technology |
Morgan Stanley Inst International Opp I | MIOIX | Foreign Large Cap Growth Equities | 21.97% | 1.34% | 49.3% | $ 101 | Technology |
Morgan Stanley Inst Global Opp I | MGGIX | Global Equities | 20.79% | 1.07% | 53.5% | $ 828 | Technology |
Oppenheimer Global Opportunities I | OGIIX | Global Equities | 20.45% | 0.75% | 32.8% | $ 4,500 | Technology |
Receive email updates about best performers, news, CE accredited webcasts and more.
News
Justin Kuepper
|
Municipal bonds have been a safe haven within fixed income markets that have...
Kristan Wojnar, RCC™
|
We are exploring the topics of virtual nonverbal communication, getting your blogs to...
Justin Kuepper
|
Let’s take a look at a few key pieces of advice to stop...
Find out why $30 trillon is invested in mutual funds.
Download our free report
Find out why $30 trillon is invested in mutual funds.
Download our free report
Find out why $30 trillon is invested in mutual funds.
Mutual Fund Education
Justin Kuepper
|
Let's take a closer look at how ESG investments have outperformed during the...
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|
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|
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