Franklin Utilities (FKUTX)
Performance: up 14%, putting it in the top 6% of utility funds; three-year annualized return of 12.5%; 15-year average annual return of 8.2%.Fund Profile: It is described as "an oasis of calm amid market turmoil" and "old school" by Morningstar, because managers John Kohli and Blair Schmicker focus almost entirely on regulated domestic electric and natural gas utilities company stocks, while other utility funds chase telecommunications and energy companies which may boost returns but add to volatility. Franklin Utilities benefited from investors' hunt for dividend yields, as utilities stocks tend to pay healthy dividends. Assets: $3.6 billion Top picks: Southern Co. (SO), its largest holding at 4.7% of the fund, up 21%; NextEra Energy (NEE), second largest at 4%, up 14.6%; American Electric Power (AEP), 3.8% of fund, up 14.8%.
Fidelity Select Biotechnology (FBIOX) Performance: up 12.7%; three-year annualized return of 14%; 15-year average annual return of 8.6%. Fund Profile: Manager Rajiv Kaul emphasizes a mix of mid- and small-cap biotech stocks, which make up about 60% of the fund. There is risk and volatility as some companies often have few or no marketable drugs and government policy changes can affect the health-care sector dramatically. Assets: $1.2 billion Top picks: Biogen Idec (BIIB), up 64%; Alexion Pharmaceuticals (ALXN), up 58%; Pharmasset (VRUS), up 487%. Amgen (AMGN) is the largest holding, at 16%.
Select the service that is right for you!COMPARE ALL SERVICES
- $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
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV