It's crucial for investors to be in the best-performing mutual funds to suit their investment strategies. TheStreet.com Ratings analyzes mutual funds by investment classes so investors know which ones are performing well -- and which are not.
Below is our recap of the best and worst performers in a variety of open-end mutual fund classifications for the week ending Oct. 4. All total-return figures and stock-price movements were computed over that Wednesday-to-Wednesday period.
The top-performing large-cap fund was the
Amidex35 Israel Mutual Fund (AMDEX), which grew 2.9%. Its top holding,
, advanced 2.8%. With a drubbing of 5.8% for the
John Hancock Large-Cap Equity Fund's (TAGRX) largest position of
British Energy Group
on the recent reversal in energy prices, the fund lost 2.4% of its value.
AFBA 5Star Mid Cap Fund (AFMAX) rose 2.2%; its largest holding,
, moved up 2.1%. The
Azzad Ethical Mid-Cap Fund (ADJEX) fared less well, down 1.3%, as holding
gave up 2.1%.
Buffalo Small-Cap Fund (BUFSX) improved by 2.2%, bolstered by a 4.4% bump in
. On the downside,
Ameritor Security Trust Fund (ASTRX) slid 2.7% as its position in Canada's
Northern Dynasty Minerals
was cut by 11.3%.
Insider buying by a
director added 2.2% to the stock and 2.1% to the
Hillman Focused Advantage Fund (HCMAX). The
New Century Opportunistic Portfolio (NCAPX), a fund of funds, slipped 1.4% as its largest fund holding,
iShares Goldman Sachs Natural Resources Index Fund
, gave back 3.4%.
The Wells Fargo Large Company Growth Fund (NVLCX) rose 2.9%; its biggest holding,
, skyrocketed 10.3%. On the other hand,
delinquency in financial reporting cost that company's stock 6.5%, and the
Oberweis Emerging Growth Fund (OBEGX) 1.9%.
Growth & Income
An appreciation of 3% in
IXIS-Harris Associates Large Cap Value Fund (NEFOX) higher by 1.6%. The
New Century Capital Portfolio (NCCPX), another fund of funds, fell 1.0% as crude prices pushed down its holding of
iShares Dow Jones US Energy Sector Index Fund
Rydex Dynamic OTC Fund (RYVYX), which aims to return twice as much as the
, popped 2.7% as
edged 1.8% higher. The Azzad Ethical Mid Cap Fund, which also topped the mid-cap decliners, was down by 1.3% as 4.1% was pumped out of
3.2% ascent, the
ProFunds Internet UltraSector ProFund (INPIX) jumped 5.5%. As the Dow Jones Precious Metals Index headed in the other direction by 6.4%, the
ProFunds Precious Metals UltraSector ProFund (PMPIX), which tracks 150% of the index return, was slashed by 9.6%.
Business Opportunity Value Fund (MBOVX) climbed 2.5% with the help of a 3.6% boost engineered by
. The John Hancock Large-Cap Equity Fund, which was also the large-cap loser, shed 2.4% as its second-largest holding of
became 11.4% more undervalued.
ING Emerging-Countries Fund (NECAX) rose 1.7%, and its top holding of
jumped by 6.5%. A 1.7% dip in
helped scrape 0.7% off the Templeton Institutional Fund's
Emerging-Markets Series (TEEMX).
Editor's Note: Over a three-year period, funds in sectors tend to move together, but they can diverge greatly in week-to-week performance. As this article focuses on one-week returns, it is not intended to agree with our ratings that examine time periods of as long as three years. Therefore, it is likely that either the winners or losers may disagree with our longer-term outlook. As a fund being up or down in any given week is not a reason to buy or sell that fund, please be sure any potential investment fits your long-term portfolio goals.
Kevin Baker became the senior financial analyst for TSC Ratings upon the August 2006 acquisition of Weiss Ratings by TheStreet.com, covering mutual funds. He joined the Weiss Group in 1997 as a banking and brokerage analyst. In 1999, he created the Weiss Group's first ratings to gauge the level of risk in U.S. equities. Baker received a B.S. degree in management from Rensselaer Polytechnic Institute and an M.B.A. with a finance specialization from Nova Southeastern University.