With the overall market, at least as measured by the
S&P 500, down around 15%, this has been a rough year for most mutual
fund investors.
However, not all mutual funds are in the red.
Double-Digit Returns?? YES!
Here are three mutual funds that
have scored double-digit gains (not a typo) so far this year. What’s
more, they are not one-year wonders. All three have strong three-
and five-year track records.
What’s more, all three are easy to buy. All are
no-load funds, meaning there are no sales commissions. One requires
a $1,000 starting investment, and the other two have no minimum
investment.
Not a mutual fund buyer?
No problem! I’ve
included each fund’s top holdings, so you can
mimic each fund’s investing style in your own portfolios.
Simply use Seeking Alpha keep up with each fund’s portfolio
changes. Here’s how.
From Seeking Alpha’s home page (seekingalpha.com),
simply enter your fund’s ticker symbol and then select “Holdings”
from the top menu. Doing that brings up a list of your fund’s top
holdings.
Without further ado, here are the funds.
Fidelity Global Commodity Stock
(FFGCX): Fidelity Global, based in Canada, mostly holds large-cap
stocks involved in the energy, metals and agriculture industries. As
of November 16, the fund had returned 24% year-to-date, and averaged
25% and 17% annually over the past three and five years.
Biggest holdings included Exxon Mobil (XOM), Nutrien
(NTR), Chevron (CVX), Archer Daniels Midland (ADM) and CF Industries
(CF). Two on that top five list, Archer-Daniels Midland and CF
Industries, had been in the portfolio since April 2009. The most
recent addition to the top five list, Nutrien, was added in January
2018. There is no minimum opening investment requirement for this
fund.
Auer Growth (AUERX):
Despite its name, Auer mostly holds small-cap, value-priced stocks.
It’s currently overweighting energy, basic materials, and industrial
stocks. It has returned 18% year-to-date, and averaged 26% and 14%
annually over the past three and five years. Hardly buy and hold,
the annual portfolio turnover rate is 150%. In fact, most of its
current holdings have been in the portfolio less than one year.
Current biggest holdings include Cross Country Healthcare (CCRN),
Continental Resources (CLR), Diamondback Energy (FANG), ON
Semiconductor (ON) and D.R. Horton (DHI). Auer Growth requires a
$2,000 opening investment.
Fidelity Select Insurance
(FSPCX): Holds large-cap, mostly value-priced insurance company
stocks. It has returned 7% year-to-date, and averaged 14% and 12%
annually, over three and five years. Turning over only 15% of its
portfolio annually, Fidelity Select Insurance certainly falls into
the “buy and hold” camp. Biggest holdings include March & McLennan (MMC),
Travelers Companies (TRV), American International Group (AIG),
Arthur J. Gallagher (AJG), and Progressive (PGR). Of those holdings,
Travelers, added in May 2009, has been in the portfolio the longest,
while Progressive, added in July 2019, is the most recent addition.
No minimum opening investment required for this fund.
Those are my ideas. As always, past performance
doesn’t necessarily predict future returns. Do your own due
diligence. The more you know about your investments, the better your
returns.
11/22/22
