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 – Fidelity Blue Chip Value Fund
Symbol - FBCVX
Type of Fund – Seeks capital appreciation
Morningstar Rating and Category – 2 out of 5
12 month Hi-Low – $14.88 - $17.08
Current NAV – $16.21
YTD Return – +0.58%
1 year Return – +1.59%
5 year Avg annual return – +11.97%
10 yr avg annual return – +4.29%
Expenses and Fees – 0.83%
Holdings (top 5) –
|TEVA PHARMACEUTICAL IND ADR |
|JOHNSON & JOHNSON |
|JPMORGAN CHASE & CO |
|ORACLE CORP |
|WELLS FARGO & CO |
Minimum Initial Investment – $2,500
1. Why might you choose a mutual fund over a stock or bond?
A mutual fund combines funds of different investors and then invests money into a portfolio of stocks and bonds.
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.
$21,450
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