|Expense Ratio (net)||0.76%|
|Last Cap Gain||0.00|
|Morningstar Risk Rating||Average|
|5y Average Return||N/A|
|Average for Category||N/A|
|Inception Date||May 8, 1984|
Business spending on capital goods in the United States witnessed a surge in April. The Republican tax overhaul policy and steadily rising oil prices have resulted in increased business spending. Interestingly, the Trump administration has hinted at a fresh round of tax cuts prior to the midterm election to be held in November.
Industrial production for the month of April rose 0.7%. Overall, industrial production registered year-over-year growth of 3.5%. Given such positives, we have highlighted four industrial mutual funds carrying a Zacks Mutual Fund Rank #1 (Strong Buy) or 2 (Buy).
Per the latest report from the Commerce Department, U.S. factory orders increased 1.6% in March. Under such broadly encouraging conditions, investing in mutual funds from the industrial sector seems prudent. On May 3, the Commerce Department stated that U.S. factory orders for March rose to $507.7 billion.