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The industrials sector was this week’s top-performing area, up 1.74%, and up 10.66% on a year-to-date basis. This was led by companies like 3M Co. (MMM) and Boeing Co. (BA), which are both up 7.09% and 8.89% over the last one month, respectively.
Explore our Mutual Fund Education section to learn more about important mutual fund concepts.
International Equities – International markets were mostly down for the week, with the exception of the MSCI Developed Index that had a slight increase of 0.03%. The MSCI Emerging Index had a larger decline of 1.41% for the week. Japan’s NIKKEI 225 had a decline again this week and is down 0.35% to close at 19,943.
Commodities – The commodity sector was also down across the board. Crude oil decreased $1.09 per barrel and closed at $44.74 per barrel. The price of gold decreased $15 per troy ounce to close at $1,254. Copper was also down for the week, declining $0.09 to close at $2.56.
Be sure to read our important tips on how to invest in the right commodity-based mutual fund.
Taxable Bonds – Treasury yields dropped this week, as the Fed raised rates 25 bps. The 2-year Treasury dropped 1 bps and the 10-year Treasury dropped 5 bps. The 30-year Treasury yield decreased 8 bps to 2.78%.
Municipal Bonds – Municipals remained relatively flat this week. The 2-year AAA-rated bonds increased 1 bps; the 10-year AAA-rated bonds decreased 1 bps, while the 30-year AAA-rated bonds remained unchanged. Municipal bond funds had its second week of inflows with $310 million. The largest credit spread among Treasury and muni bonds tightened to 50 bps for the 5-year securities.
|Category||Top Subcategory||1-Month Subcategory Return (%)||Top Subcategory Performer||Ticker||1-Month Fund Return (%)||Performance Rationale|
|U.S. Equity Fund||Large Cap Value||1.34%||Wells Fargo C&B Large Cap Value Admin||CBLLX||3.81%||The fund's largest holding is Abbott Laboratories (ABT), which is up over 25% on a YTD basis.|
|International Equity||Japan Equities||2.20%||Hennessy Japan Institutional||HJPIX||3.67%||The fund invests in Japanese companies, with its largest holding in Keyence Corp NPV (KYCCF), which is up over 28% YTD.|
|Commodities||Broad Basket||-3.11%||Catalyst Hedged Commodity Strategy A||CFHAX||0.64%||This fund was invested in short-term treasuries and has remained stable, while oil prices dropped.|
|Taxable Bonds||Government Bonds||3.88%||Vanguard Extended Duration Trs Idx Instl||VEDTX||6.25%||Bonds with longer maturities are increasing more in value than shorter-term bonds.|
|Municipal Bonds||Single State Municipal Bonds||1.40%||Nuveen CA High Yield Municipal Bond I||NCHRX||2.26%||With muni yields remaining relatively flat, California muni bond funds showed slight gains.|
The fund’s largest holding is in Housing Development Finance Corp Ltd (NSE:HDFC), which is up over 29% on a year-to-date basis.
Top 5 Performers
The following table provides the top-performing mutual funds on a YTD basis as of June 16, 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||Net Assets $ (Millions)||Top Sector Invested|
|Wasatch Emerging India Institutional||WIINX||India Equities||34.88%||2.00%||35.00%||$182||Financial Services|
|Morgan Stanley Inst International Opp I||MIOIX||Foreign Large Cap Growth Equities||29.20%||1.34%||50.50%||$196||Consumer Defense|
|Baron Partners Institutional||BPTIX||Mid Cap Growth Equities||28.75%||1.52%||97.60%||$1,990||Consumer Cyclical|
|T. Rowe Price Global Technology||PRGTX||Global Equities||28.67%||0.90%||54.60%||$4,890||Technology|
|Transamerica Capital Growth I||TFOIX||Large Cap Growth Equities||28.56%||0.94%||57.80%||$756||Technology|
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