|Expense Ratio (net)||0.70%|
|Category||Allocation--50% to 70% Equity|
|Last Cap Gain||0.00|
|Morningstar Risk Rating||Average|
|Beta (5Y Monthly)||1.10|
|5y Average Return||N/A|
|Average for Category||N/A|
|Inception Date||Jun 30, 1986|
David Giroux of T. Rowe Price describes what life was like during the worst moments of the stock market downturn.
While regulated business is a negative factor in many sectors, for utilities it essentially means that government regulators will allow a reasonable return on utilities’ investments. For income-hungry investors, this brings some coveted certainty.
If your financial advisor made you buy any of these "Mutual Fund Misfires of the Market" with high expenses and low returns, you need to reassess your advisor.