|Expense Ratio (net)||0.68%|
|Morningstar Risk Rating||★★|
|Last Cap Gain||0.00|
|Inception Date||May 17, 1967|
|Average for Category||N/A|
Mutual funds have gotten lost in the shuffle amidst the explosion of exchange-traded funds (ETFs). Some mutual fund managers are just long-term, solid, go-to people who weren’t about to abandon their products because of competition. There are also many investors who just prefer to stick with mutual funds, and aren’t inclined to rush into ETFs.
Discover which five mutual funds are the largest investors in Electronic Arts, Inc., one of the largest and best-known creators of video games.
While it's true that most funds won't beat market indexes over long stretches after accounting for fees, here's a closer look at a handful of Morningstar Medalists that did.
Below we share with you three top-rated large-cap blend mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy)
Fidelity Investments said on Thursday its financial services operating profit rose 19.5 percent to $3.5 billion in 2016 despite massive withdrawals of investor money from its actively managed stock funds. By contrast, Fidelity's investment-grade bond funds beat 67 percent of peers. Revenue totaled $15.9 billion in 2016, an increase of 3.4 percent over 2015, according to Boston-based Fidelity, which is controlled by the family of Chairman Abigail Johnson.
Financial pundits shouted about record high levels for the stock market in 2016, but for actively managed stock mutual funds there was another record, one they would rather keep quiet: the largest amount of net withdrawals ever recorded. U.S.-based actively managed stock funds suffered $288 billion in withdrawals year-to-date through November, the largest on record, according to Thomson Reuters Lipper service. On the passive side, stock index mutual funds and equity exchange-traded funds each attracted about the same amount of new cash, more than $112 billion apiece in 2016, Lipper said.