There are thousands of mutual funds out there, but who wants to troll through them all for one that suits you? That's why I presented last week's
time-saving checklist for investors who would rather spend their time funding -- not finding -- the right mutual fund. This week, I've put this screening process to the test and unearthed some picks of the litter. As you remember, the five keys are:
Strong performance: beating the appropriate benchmark;
reasonable expenses: less than 1% for large-cap funds, and less than 1.5% for small-cap or mid-cap funds;
minimal turnover: 35% or less, unless the fund is in a tax-deferred account;
low risk: beta less than 1;
experienced management: fund manager at the helm for five or more years.