|Expense Ratio (net)||0.65%|
|Last Cap Gain||0.00|
|Morningstar Risk Rating||High|
|Beta (3Y Monthly)||1.28|
|5y Average Return||N/A|
|Average for Category||N/A|
|Inception Date||Nov 1, 2004|
Today, Morningstar revealed the winners of the 2019 Morningstar Awards for Investing Excellence in three categories: Outstanding Portfolio Manager, Rising Talent, and Exemplary Stewards. The winners of each award demonstrate the industry's very best attributes, including investment skill, the courage to differ from the consensus to benefit investors, and an alignment of interests with the strategies' investors. The Outstanding Portfolio Manager nominees have distinguished themselves over the long haul by delivering excellent returns to their investors, while the nominees for the Rising Talent award include portfolio managers who have excelled over shorter tenures and shown great future promise.
Kiplinger's coverage of mutual funds dates back to the 1950s, and we've been putting together a list of our favorite no-load mutual funds since 2004, drawing on the broad experience of our editors. We believe in holding funds rather than trading them, so we focus on promising funds with solid long-term records - and managers with tenures to match.A good garden will feature a mix of tall evergreens, midsize perennial flowering plants, fast-growing ground covers and maybe a showy piece such as a sculpted topiary. Some require regular tending (an annual pruning, say), while others can be left alone. Some might flower in the spring; others blaze with richly hued foliage in the fall. Each plant is chosen for its individual merits, but together they form a beautiful garden.Assembling a portfolio of mutual funds is much the same. We consider several variables and a mix of strategies when we select the Kiplinger 25, our favorite actively managed no-load funds. We think they're the cream of the crop, although they might not all be appropriate for your portfolio. The group is a diverse collection that ranges across large- and small-company funds, foreign and U.S. holdings, and high-yield and mortgage-backed bonds. Just like a mix of plant varieties, they thrive at different times and in different conditions.Here is an introduction to each of these 25 low-fee mutual funds: what makes them tick, and what kind of returns they've delivered. SEE ALSO: The 27 Best Mutual Funds in 401(k) Retirement Plans
Due in large part to the competitive threat from index funds and exchange-traded funds (ETFs), fees across the fund universe, including actively managed mutual funds, are declining.