Mutual Fund Search
Mutual Fund Search
Your goal is to find a mutual fund that has the following characteristics:
• 5 year rate of return – minimum of 5%
• Low initial investment – maximum of $2500
• Low expenses and fees – no load and under 1% expenses
There are numerous “Fund families” to choose from, but here are a couple that you can use. Choose others is you wish.
• Fidelity –
• Vanguard –
• Janus –
• Dreyfus –
• Franklin Templeton –
Choose a fund that meets the above criteria. Complete the following information about that fund.
Fund name - Franklin California High Yield Municipal Fund
Symbol - FCAMX
Type of Fund – Tax Free Income
Morningstar Rating and Category – 5 Star, Muni California Long
12 month Hi-Low – High-10.93 Low-10.52
Current NAV – 10.69
YTD Return – 2.98%
1 year Return – 1.86%
5 year Avg annual return – 6.43%
10 yr avg annual return – 4.72%
Expenses and Fees – .63%
Holdings (top 5) – San Joaquin Hills Transportation Corridor Agency Toll Road Revenue, Refunding
Foothill/Eastern Transportation Corridor Agency Toll Road Revenue, junior lien, Refunding,
M-S-R Energy Authority Gas Revenue
Golden State Tobacco Securitization Corp. Enhanced Tobacco Settlement Revenue
California Statewide CDA Revenue, Kaiser Permanente
Minimum Initial Investment – $10,550
1. Why might you choose a mutual fund over a stock or bond?
People who are trained in this profession handle where all of your money is put, so you can get the most money back. Mutual funds are a combination of a stock and bond.
2. Using the 10 year average return rate what would be your return on your fund if you had invested $5,000 for the last 10 years? Remember mutual funds are compounded annually at least.
$7,929.87
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