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 – Nuveen California High Yield Municipal Bond Fund Class A
Symbol -
Type of Fund – Municipal Bond
Morningstar Rating and Category – 5 stars and the category is fund inception
12 month Hi-Low – 9.31-9.74
Current NAV – 9.56
YTD Return – +4.04% daily
1 year Return – +5.01%
5 year Avg annual return – +9.58%
10 yr avg annual return – No ten year but for life it is +4.99%
Expenses and Fees – .85% gross and net
Holdings (top 5) – 9.77%
Minimum Initial Investment – $3000
1. Why might you choose a mutual fund over a stock or bond?
Because a mutual bond is putting money into multiple things rather than putting all your eggs in one basket
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. 11,252.93
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