LOS ANGELES, Calif.--(BUSINESS WIRE)--Investor’s Business Daily (IBD), a leading financial news and research organization, today announced the results of its fifth annual Best Mutual Funds Awards. Funds named to the prestigious list were selected because they beat the broad market and surpassed benchmarks over the last one-, three-, five- and 10-year periods, a significant accomplishment for any fund.
“The award winners are highly deserving, having weathered spikes and dips in the market over the short, mid, and long term,” said Susan Warfel, managing editor of IBD. “This achievement is quite rare. Our data-driven list spotlights a variety of top-performing mutual funds across major categories that investors may consider for broad market exposure or more narrow objectives, such as investing in a specific growth sector. Congratulations to this year’s winners. We salute your consistent, superior performance.”
This year’s Best Mutual Funds Award winners were drawn from a universe of 3,374 mutual funds in operation for at least 10 years. In 2020, 691 funds beat their performance benchmark across all four periods evaluated, compared to 357 in 2019. Interestingly, of the 1,323 U.S. diversified stock mutual funds evaluated, only 139 outperformed the S&P 500 index in all four time periods.
The esteemed 2020 list spans the same 13 categories as last year. These include the six subcategories of U.S. Diversified Stock Funds: Growth Funds, Blend Funds, Value Funds, Large-Cap Funds, Mid-Cap Funds, and Small-Cap Funds. The same five mutual funds led both the U.S. Diversified Stock category and the Growth subcategory for the second consecutive year. Consistent with the last two years, no Value Funds made the 2020 list.
Other categories are Sector Funds, International Stock Funds, U.S. Taxable Bond Funds, International Bond Funds, Municipal Bond Funds and Index Funds.
The funds are ranked according to their 10-year performance.
Top Award Winners in Each Category:
U.S. Diversified Stock Funds:
- Virtus KAR Small-Cap Growth I
- T. Rowe Price New Horizons
- Fidelity Advisor Growth Opportunities M
- Akre Focus Institutional
- Fidelity OTC
Growth Funds:
- Virtus KAR Small-Cap Growth I
- T. Rowe Price New Horizons
- Fidelity Advisor Growth Opportunities M
- Akre Focus Institutional
- Fidelity OTC
Blend Funds:
- PIMCO StocksPLUS Absolute Return Institutional
- Hartford Core Equity Y
- Hartford Disciplined Equity HLS IA
- Nationwide Dynamic US Growth R6
Large-Cap Funds:
- Fidelity Advisor Growth Opportunities M
- Akre Focus Institutional
- Fidelity OTC
- Morgan Stanley Insight I
- Fidelity Growth Company
Mid-Cap Funds:
- T. Rowe Price New Horizons
- Virtus KAR Small-Cap Core I
- Baron Partners Retail
- Principal MidCap R5
- Delaware Smid Cap Growth A
Small-Cap Funds:
- Virtus KAR Small-Cap Growth I
- Lord Abbett Micro Cap Growth I
- Wasatch Ultra Growth
- AB Small Cap Growth A
- Federated Kaufmann Small Cap A
Sector Funds:
- Berkshire Focus
- T. Rowe Price Global Technology
- T. Rowe Price Comm & Tech Investor
- Delaware Healthcare I
- Fidelity Select Defense & Aerospace Portfolio
International Stock Funds:
- Morgan Stanley Institutional Global Opportunity I
- SGI Global Equity I
- Artisan Global Opportunities Inv
- Invesco Oppenheimer International Sml-Mid Company A
- Harbor Global Leaders Institutional
U.S. Taxable Bond Funds:
- AllianzGI Convertible Institutional
- Franklin Convertible Securities A
- Columbia Convertible Securities A
- PIMCO Extended Duration Institutional
- PIMCO Long-Term Credit Bond Institutional
Municipal Bond Funds:
- Nuveen High Yield Municipal Bond I
- Nuveen California High Yield Municipal Bond I
- Invesco Oppenheimer Rochester High Yield Municipal A
- Invesco Oppenheimer Rochester AMT-Free Municipal A
- Goldman Sachs High Yield Muni Institutional
International Bond Funds:
- GMO Emerging Country Debt III
- TCW Emerging Markets Income I
- Goldman Sachs Emerging Markets Debt Institutional
- T. Rowe Price Institutional Emerging Markets Bond
- Payden Emerging Markets Bond
Index Funds:
- VALIC Company I NASDAQ-100 Index
- Shelton Nasdaq-100 Index Direct
- USAA NASDAQ-100 Index
- Rydex NASDAQ-100 Inv
- Nationwide Ziegler NYSE Arca Tech100 A
To find out more about this year’s winners, read analysis of the respective categories, view the complete list of winning funds, and learn how to invest in mutual funds, please visit www.investors.com/MutualFundsAwards.
The 2020 Best Mutual Funds logo and accolades are available for licensing through Investor's Business Daily's partner, The YGS Group. For more information and ordering, please visit www.IBDlicensing.com or call 800-290-5460.
About IBD
Investor's Business Daily (IBD) is a leading financial news and research organization recognized for proprietary stock screens, comparative performance ratings and a record of identifying stock leaders as they emerge. The company takes a data-first approach to investing, educating investors about how to invest successfully using tested methods and sound research. IBD has honed its approach over the last 50 years to help investors make smarter decisions. Its stock lists have outperformed the S&P, and its presidential poll, the most accurate over the past four election cycles, was one of only two national polls to accurately predict the outcome of the 2016 Presidential Election. IBD offers a number of interactive stock research tools and provides information for investors of every level. To learn more about all that IBD has available, please visit www.investors.com.
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