Midpack
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Hopefully no one here owns any of these - though lots of someones had to. What stuck out to me was the high expenses associated with these 'wunderfunds' in light of the recent discussions here on 401k fees stemming from The Retirement Gamble show on PBS a few weeks back. Note the expense ratios for the privilege of these awful returns - talk about 'adding insult to injury...' Some are contrarian or sector funds, but some don't appear that unusual.
'Dirty Dozen': Singling Out 12 Worst Mutual FundsNerd Wallet listed what it considers to be the 12 worst-performing mutual funds based on fees and performance. They are (with five-year annualized returns and net expense ratios):
- Oppenheimer Commodity Strategy Total Return, -14.61 percent, 2.12 percent.
- Rydex Inverse Government Long Bond Strategy, -13.7 percent, 2.4 percent.
- Ivy Global Natural Resources Fund, -12.6 percent, 2.2 percent.
- Rydex Inverse S&P 500 Strategy, -12.06 percent, 2.42 percent.
- Federated Prudent Bear, -10.48 percent, 2.5 percent.
- DWS Gold & Precious Metals, -10.16 percent, 2.03 percent.
- ALPS/Red Rocks Listed Private Equity, -9.45 percent, 3.28 percent.
- Goldman Sachs Emerging Markets Equity, -8.84 percent, 2.51 percent.
- DWS Latin America Equity, -8.74 percent, 2.53 percent.
- Dreyfus Emerging Markets, -8.42 percent, 2.57 percent.
- Rydex Precious Metals, -8.27 percent, 2.26 percent.
- AllianceBernstein International Value, -8.07 percent, 2.17 percent.
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