A mutual fund rating is typically a measure of a fund's historical risk-adjusted performance over different time frames compared with the funds in the same category. Therefore, it’s a combination of both risk and return, which provides a comparable barometer for delivering returns based on the level of risk.
Conrad and Shilling’s top ten mutual funds list (With associated five-year returns)
1. Fidelity Contrafund: 16.85%
2. American Funds Growth Fund of America: 16.15%
3. Fidelity 500 Index Fund: 15.07%
4. American Funds Fundamental Investors Fund: 15.03%
5. Vanguard 500 Index Fund: 15.01%
6. American Funds Investment Company of America Fund: 14.71%
7. Vanguard Total Stock Market Index Fund: 14.67%
8. American Funds Washington Mutual Investors Fund: 14.36%
9. Vanguard Small Cap Index Fund: 12.92%
10. American Funds Capital World Growth & Income Fund: 10.80%
Surprisingly from the top 10 mutual funds, only three fund families are represented;
American Funds, Fidelity and Vanguard, with 50% of the top 10 being from American funds.
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