The Best Mutual Funds for a Jittery Market
Every month, TheStreet.com Ratings ranks a huge list of open-end stock mutual funds based on our proprietary risk-adjusted return model. Sometimes the funds that steadily outpace all the others can be quite revealing.
As of Jan. 31, the top-rated open-end stock fund this month is the Permanent Portfolio Fund (PRPFX). The fund's stated objective is to preserve long-term purchasing power with a portfolio of gold, silver and Swiss francs as well as natural resource companies.
This is just the type of portfolio you would expect to do well in these jittery times. Below are the other funds making our top-10 list.
The second-place fund, Ivy Asset Strategy Fund (WASAX), hit the right mix of sectors with 11.3% mining, 10.9% diversified financial services, 9.4% telecommunications, 5/9% oil and gas, 5.4% alternative energy sources and 4.4% agriculture.This past year was the right time to be long a global portfolio of fund holdings such as Monsanto (MON) up 120.43%, Rio Tinto (RTP) up 103.59%, Nintendo (NTDOY) up 69.13%, Transocean (RIG) up 68.41% and Sunpower (SPWR) up 48.85%. The PIMCO All Asset All Authority A Fund (PAUAX) is included in the list of stock funds, even though it has only about one-third of 1% invested directly in equities, because it's a fund of PIMCO funds, some of which are PIMCO StockPlus funds that track various international equity indices with the use of derivative securities. Finally, it is notable that a contrarian fund such as the Prudent Bear Fund (BEARX) managed to climb into the top 10 by selling short equities securities. The fund does bet on some stocks going up, mostly Canadian mining shares. Over the last 12 months, holdings such as Canplats Resources (CPQRF) soared 614%, Duran Ventures (DUVNF) leaped 391% and East Asia Minerals (EAIAF) popped 292%.
|Fund (Ticker) Rating||Total Return 3 Year||Total Return 1 Year||Total Return 1 Month||Investment Objective|
|Permanent Portfolio Fund (PRPFX) A+||13.09%||13.53%||2.64%||Asset Allocation - Domestic|
|Ivy Fund-Asset Strategy A (WASAX) A+||26.80%||35.86%||-2.41%||Asset Allocation - Domestic|
|Pinnacle Value Fund (PVFIX) A+||11.34%||8.16%||-2.70%||Growth - Domestic|
|J Hancock Balanced A (SVBAX) A+||16.15%||18.24%||-3.00%||Balanced - Domestic|
|PIMCO All Asset All Authority A (PAUAX) A+||7.34%||13.19%||3.10%||Asset Allocation - Domestic|
|BB&T Equity Income A (BAEIX) A+||13.58%||4.92%||-2.07%||Equity Income|
|Prudent Bear Fd (BEARX) A+||9.07%||17.78%||2.39%||Growth - Domestic|
|BlackRock Glb Allocation Inv A (MDLOX) A+||14.12%||14.14%||-1.72%||Asset Allocation - Global|
|Fidelity Adv Consumer Staples A (FDAGX) A+||12.91%||10.73%||-6.00%||Growth - Domestic|
|AllianceBern Utility Income A (AUIAX) A+||18.30%||13.89%||-5.72%||Sector Fund - Utility|
Read this for an explanation of our ratings,
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV