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The information technology sector was this week’s top-performing area again, up 1.39%. The sector is up 17.02% 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 32% and 26%, respectively, on a YTD basis.
Explore our Mutual Fund Education section to learn more about important mutual fund concepts.
International Equities – International equities, like the U.S. equity markets, also showed gains and ended in the positive for the week. The MSCI Developed Index had an increase of 1.86%, while the MSCI Emerging Index had a more modest gain of 0.08% for the week. Japan’s NIKKEI 225 continued its third week of gains, up 1.30% and closing at 19,446.
Commodities – The commodity sector showed big declines this week, with crude oil falling $3.11 per barrel and closing at $46.22 per barrel. The price of gold declined $41 per troy ounce to close at $1,225. Copper was also down $0.08 per pound to close at $2.53.
Be sure to read our important tips on how to invest in the right commodity-based mutual fund.
Taxable Bonds – Treasury yields jumped this week, with the two-year Treasury yield increasing by 5 bps to 1.31%. The 10-year and 30-year bonds saw an increase in yields of 7 bps and 4 bps, respectively.
Municipal Bonds – These remained mostly flat, with 30-year bonds showing a moderate rise in yield of 2 bps. While muni bonds continued on its fourth week of net positive fund flows, credit spread increased. The spread between the 5-year Treasury and AAA-rated muni bonds widened to 44 bps; however, 30-year AAA-rated muni bonds managed to yield 5 bps more than its 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||Large Cap Growth||3.20%||Zevenbergen Genea Institutional||ZVGIX||7.61%||The fund's largest holding is Amazon, Inc. (AMZN), which is up over 26% on a YTD basis.|
|International Equity||Europe Equities||6.36%||Columbia Acorn European Z||CAEZX||9.47%||The fund invests in European-based companies, like those invested in the Euro STOXX 50 Index that is up over 8% month-to-date.|
|Commodities||Broad Basket||-4.34%||Catalyst Hedged Commodity Strategy I||CFHIX||-0.37%||With commodities falling again this week, this fund was protected by being invested in 39% cash and 26% bonds as a hedge.|
|Taxable Bonds||Emerging Markets Bonds||1.19%||Ashmore Emerging Mkts Corp Debt A||ECDAX||2.66%||WIth bond yields gaining this week, emerging markets bonds did not decline as much as U.S.-based funds.|
|Municipal Bonds||High Yield Municipal Bonds||0.75%||Oppenheimer Rochester® High Yld Muni B||ORNBX||1.28%||With yields staying flat this week, high-yield bonds were the best-performing area of the municipal bond sector.|
This fund’s largest holding is in MakeMyTrip Limited (MMYT), which is up more than 66% YTD.
Top 5 Performers
The following table provides the top-performing mutual funds on a YTD basis, as of May 5, 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.
|Top-Performing Fund||Ticker||Category||YTD Return (%)||Net Expense Ratio (%)||% of Assets in Top 10 Holdings||Net Assets $ (Millions)||Top Sector Invested|
|Wasatch Emerging India Institutional||WIINX||India Equities||32.00%||2.00%||35.00%||$154||Financial Services|
|T. Rowe Price Global Technology||PRGTX||Global Equities||24.51%||0.90%||54.60%||$4,030||Technology|
|Morgan Stanley Inst International Opp I||MIOIX||Foreign Large Cap Growth Equities||23.84%||1.34%||49.30%||$138||Technology|
|Morgan Stanley Inst Growth IS||MGRPX||Large Cap Growth Equities||22.73%||0.54%||56.90%||$3,510||Technology|
|Morgan Stanley Inst Global Opp I||MGGIX||Global Equities||22.54%||1.07%||53.50%||$828||Technology|
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Money Market Funds