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After rising from a 40-year high this summer, inflation recently began to decline to 8.3% in August, according to government data. In the year And while that news may seem bad, for those who have stayed with their mutual funds over the past decade, those numbers may be a bit of a speed bump in the rearview mirror.
So which funds have weathered the market pressures of the past 10 years? With an average annual return of 18.62%, all of the 10 best-performing mutual funds outperformed the markets, Morningstar data shows. By way of comparison, stock trackers like the SPDR S&P 500 ETF Trust, or SPY, had a 10-year return of roughly 13%, while the SPDR Dow Jones Industrial Average ETF, or DIA, had a return of 11.65% over the period. .
Robbie Greengold, a research analyst at Morningstar, said it’s no surprise that they’ve had the highest exposure to industries that have posted high returns over the past decade. “Across all sectors, technology stocks have had the highest returns on average,” he said. “This explains the dominance of technology funds in high-end funds. Chipmakers such as Nvidia and Broadcom have done exceptionally well, which explains the high ratings for Fidelity’s semiconductor-focused funds.”
If one only focuses on short-term returns, mutual funds can easily be overlooked. Over the past 12 months, the same top performers posted a 20.9 percent loss. That’s more than double the losses of 8.63% and 6.6% posted by peers SPY and DIA. That said, Greengold says, one year’s performance data shouldn’t be the deciding factor when analyzing any fund. “It’s extremely challenging to get a lot of insight into a fund’s prospects based on a year’s worth of fund performance.”
One thing that is hard to ignore when looking at these funds, however, is their fees. With an average base expense ratio of 125, mutual funds’ best-returning investors spend more than three times the asset-weighted average expense ratio, which was 0.40% in 2021, according to Morningstar’s latest fee study.
Mutual funds at this level have assets of at least $100 million and an investment minimum of less than $100,000. Daily returns are due from September 9. All information is from Morningstar Direct.
10. Fidelity Select Technology (FSPTX)
10-year annual return: 16.73%
YTD Return: -32.35%; 1-year return: -29.95%; 3-year annual return: 15.49%; 5-year annual return: 15.01%; 15-year. Annual Return: 13.02%; YTD net share unit flow (million): – $734.74; 1-year net dividend flow (millions): – $846.75; 3-year net dividend yield (millions): – $546.55; 5-Year Net Dividend Flows (millions): -$2,419.61; 10-year net dividend yield (millions): -$1,542.97; 15-year. Net Dividend Flow (millions): – $1,774.26; Net expense ratio: 0.67%; Minimum initial investment: N/A; Fund Amount (millions): $8,702.17; Launch date: 7/14/1981; Starting Date Manager Name: Adam Benjamin
9. Columbia Seligman Technology & Information C (SCICX)
10-year annual return: 16.89%
YTD Return: -28.04%; 1-year return: -21.08%; 3-year annual return: 17.43%; 5-year annual return: 16.16%; 15-year. Annual Return: 12.48%; YTD net share unit flow (millions): -$32.39; 1-year net dividend flow (millions): – $39; 3-year net dividend flow (millions): – $213.41; 5-year net dividend flows (millions): -$897.37l 10-year. Net Share Unit Flow (millions): -$1,296.28; 15-year. Net Dividend Flow (millions): – $1,486.25; Net expense ratio: 1.94; Minimum initial investment: $2,000; Amount (millions): 8,496.87; Launch date: 5/27/1999; Administrator Names: Paul H. Wick, Sanjay Devgan, Shekhar Pramanik, Jetil Patel, Vimal Patel and Israel Hernandez.
8. Barron’s Focused Growth Retail (BFGFX)
10-year annual return: 17.11%
YTD Return: -19.34%; 1-year return: -10.87%; 3-year annual return: 33.22%; 5-year annual return: 24.81%; YTD net share unit flow (millions): $23.86; 1-year net dividend yield (millions): $33.85; 3-year net dividend yield (millions): $80.62; 5-Year Net Share Class Flows (millions): $74.57; 10-year net dividend yield (millions): $68.59; Net expense ratio: 1.32%; Minimum initial investment: $2,000; Amount (millions): $780.51; Launch Date: 6/30/2008; Administrator names: Ronald Barron and David Barron
7. Fidelity Select Software & IT Services Portfolio (FSCSX)
10-year annual return: 17.36%
YTD Return: -26.13%; 1-year return: -27.42%; 3-year annual return: 10.9%; 5-year annual return: 15.25%; 15-year. Annual Return: 14.73%; YTD net share unit flow (millions): -$886.91; 1-Year Net Dividend Flow (millions): -$1,081.58; 3-year net dividend yield (millions): -$1,357.89; 5-Year Net Share Class Flows (millions): – $612.53; 10-year net dividend yield (millions): – $749.89; 15-year. Net Dividend Flow (millions): – $166.28; Net expense ratio: 0.67%; Minimum initial investment: N/A; Fund Amount (millions): $9,167.81; Launch date: 7/29/1985; Admin Name: Ali Khan
6. Columbia Seligman Global Technology C (SHTCX)
10-year annual return: 17.4%
YTD return: -28.53%; 1-year return: -21.71%; 3-year annual return: 17.51%; 5-year annual return: 16.14%; 15-year. Annual Return: 12.35%; YTD net share unit flow (million): – $7.53; 1-year net dividend flow (millions): – $10.65; 3-Year Net Dividend Dividend Flow (millions): – $42.21; 5-Year Net Share Class Flows (millions): – $127.52; 10-year net dividend yield (millions): – $142.65; 15-year. Net Dividend Flow (millions): – $166.94; Net expense ratio: 2.04%; Minimum initial investment: $2,000; Amount (millions): 1,567.34; Launch date: 5/27/1999; Admin Names: Paul H Wick, Sanjay Devgan, Shekhar Pramanik, Christopher Bova, Vimal Patel and Sanjiv Wadwani.
5. Columbia Global Technology Growth C (CTHCX)
10-year annual return: 17.55%
YTD Return: -29.93%; 1-year return: -27.82%; 3-year annual return: 11.5%; 5-year annual return: 13.93%; 15-year. Annual Return: 11.1%; YTD net share unit flow (millions): -$25.59; 1-year net dividend flow (millions): – $33.1; 3-year net dividend yield (millions): – $58.74; 5-Year Net Dividend Flows (millions): -$45.46; 10-year net dividend yield (millions): -$9.33; 15-year. Net Dividend Flow (millions): – $16.91; Net expense ratio: 1.93%; Minimum initial investment: $2,000; Amount (millions): $2,102.21; Launch date: 10/13/2003; Admin Name: Rahul Narang
4. Vanguard Information Technology Index Admiral (VITAX)
10-year annual return: 17.79%
YTD Return: -25.59%; 1-year return: -20.33%; 3-year annual return: 16.91%; 5-year annual return: 18.96%; 15-year. Annual Return: 13.48%; YTD net share unit flow (millions): -$249.17; 1-year net dividend yield (millions): $36.95; 3-year net dividend yield (millions): $1,547.98; 5-Year Net Share Class Flows (millions): $2,509.27; 10-year net dividend yield (millions): $3,016.84; 15-year. Net Share Class Flow (millions): $3,078.87; Net expense ratio: 0.1%; Minimum initial investment: $100,000; Amount (millions): $42,359.07; Launch date: 3/25/2004; Administrator names: Walter Nejman and Nick Birkett
3. Fidelity Advisor Semiconductors C (FELCX)
10-year annual return: 20.39%
YTD Return: -35.26%; 1-year return: -21.4%; 3-year annual return: 19.94%; 5-year annual return: 18.88%; 15-year. Annual Return: 12.41%; YTD net share unit flow (millions): -$0.74; 1-year net dividend yield (millions): $7.41; 3-year net dividend yield (millions): $1.58; 5-Year Net Dividend Flows (millions): – $7.43; 10-year net dividend yield (millions): $17.87; 15-year. Net Share Unit Flow (millions): $14.61; Net expense ratio: 1.79%; Minimum initial investment: N/A; Amount (millions): $751.4; Launch date: 12/27/2000; Admin Name: Adam Benjamin
2. Fidelity Select Semiconductors (FSELX)
10-year annual return; 21.95
YTD Return: -34.86%; 1-year return: -20.28%; 3-year annual return: 21.53%; 5-year annual return: 20.5%; 15-year. Annual Return: 13.99%; YTD net share unit flow (million): -$310.63%; 1-year net dividend yield (millions): $788.95%; 3-year net dividend yield (millions): $821.02%; 5-Year Net Share Class Flows (millions): $224.51%; 10-year net dividend yield (millions): $510.95%; 15-year. Net Share Unit Flow (millions): -$165.79%; Net expense ratio: 0.68%; Minimum initial investment: N/A; Fund Amount (millions): $6,535.66; Launch date: 7/29/1985; Admin Name: Adam Benjamin
1. Baron Partners Retail (BPTRX)
10-year annual return: 23.12%
YTD Return: -23.42%; 1-year return: -8%; 3-year annual return: 41.71%; 5-year annual return: 29.86%; 15-year. Annual Return: 14.53%; YTD net share unit flow (millions): -$73; 1-year net dividend flow (millions): – $62.76; 3-year net dividend yield (millions): – $399.47; 5-year net share class flows (millions): – $650.71; 10-year net dividend yield (millions): – $875.17; Net expense ratio: 1.36%; Minimum initial investment: $2,000; Fund Amount (millions): $6,614.93; Launch date: 4/30/2003; Admin names: Ronald Barron and Michael Barron
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