10 Monthly Top Performer Closed End Funds October 2011

The market performance for this past October 2011 has been epic to say the least. Individual stocks gained at least 10% or more. Some stocks may even record between 30% and 50% returns for 1 month. This article will look into the top performing closed end funds for October 2011. The top performers include Equus Total Return (EQS) fund, Petroleum & Resources (PEO) fund, Korea Fund (KF) fund, and more.

The 10 Monthly Top Performer Closed End Funds (October 2011) are:

Monthly Top Performer CEFs Oct 2011

1. Equus Total Return (EQS)
2. Petroleum & Resources (PEO)
3. Korea Fund (KF)
4. Diamond Hill Financial Trends (DHFT)
5. BlackRock Real Asset Equity (BCF)
6. Aberdeen Chile (CH)
7. BlackRock Energy & Resources (BGR)
8. Royce Value Trust (RVT)
9. Morgan Stanley East Europe (RNE)
10. John Hancock Bank & Thrift (BTO)

updated on 10/29/2011

American Funds Growth Fund of America A (AGTHX)

American Funds Growth Fund of America fund (AGTHX) is a popular domestic stock mutual fund. The fund invests in common stocks of U.S. companies with high growth.

The following large growth stock fund is among the largest mutual funds in US with assets of $122.6 Billion. The Growth Fund of America is also popular among investor hence it offers in retirement account or regular brokerage account. Details about the fund’s review can be found below.

American Funds Growth Fund of America A (MUTF: AGTHX)

As part of American Funds fund family, the Growth Fund of America A fund objective is to deliver capital growth by investing in common stocks of best growth companies. The fund typically invest >65% of its assets in common stocks. It may also invest minority of its assets (<25%) in foreign stocks (outside the United States). This American Funds fund can invest in preferred stocks, convertibles, US Government securities, bonds, and cash equivalent. It also may invest <10% of assets in non-investment grade bonds or junk bonds.

AGTHX Fund Details

AGTHX fund details

• Fund Inception Date: November 30, 1973
• Ticker Symbol: AGTHX (Class A)
• CUSIP: 399874 10 6
• Beta (3yr): 0.96
• Rank in category (YTD): 70%
• Category: Large Growth
• Distribution Rate/ Yield: 0.51%
• Net Assets: $ 159 Billion
• Sales Load: 5.75%
• Expense Ratio: 0.69%
• Capital Gains: N/A
• Number of Years Up: 31 years
• Number of Years Down: 6 years

updated May 2017

Charlie Fernandez left Fairholme Capital Management

Charlie Fernandez, the comanager on the Fairholme mutual funds, has left the firm recently. Fernandez was the comanager of Fairholme (FAIRX) fund, Fairholme Focused Income (FOCIX) fund, and Fairholme Allocation (FAAFX) fund. This left these funds with the only manager, Bruce Berkowitz. Berkowitz is the firm’s founder. He is among one of the well-known fund’s manager. His recently bet on financial services has made the funds to underperform. Based on latest fund’s performance, the fund’s has loss 26% of its assets.

There are no details about the reason of his departure from the Fairholme firm. Fernandez joined the Fairholme fund in 2008.

Fidelity Concentrated Canadian Equity Private Pool-B Fund

The following fund is about Fidelity Concentrated Canadian Equity Private Pool B fund. This Fidelity fund has gaining popularity for Canadian. Additional fund's review can be found below.

Fidelity Concentrated Canadian Equity Private Pool-B

The Fidelity Concentrated Canadian Equity Private Pool-B fund objective is to provide excess return relative to the S&P/TSX Composite Index over a full market cycle. This Fidelity fund invests in a portfolio of Canadian equities. The portfolio is constructed with the goal of ensuring that active return is generated through stock selection.

The inception date of this investment fund is November 26, 2008 (Series B). Besides this series, there are other series of this Fidelity Canadian Concentrated Equity Private Pool fund, such as Series S5, Series S8, Series F, Series F5, Series F8, Series I, Series I5 and Series I8. Kindly note that there is another quite similar fund which is Fidelity Canadian Equity Private Pool that is available in the same range of series. This fund has a small yield of 0.35%. This dividend yield is paid annually. The annual expense ratio is 2.03%. The fund also has a front end sales load. The total fund assets are $28 Million. This fund is eligible for Canadian RRSP.

MFS International New Discovery A (MIDAX) Fund

MFS International New Discovery is one of the best small/mid cap international stock mutual funds. Similar to small US Stock fund, this foreign small/mid growth stock fund is volatile than any typical foreign large cap fund. Details about the fund review can be found below.

MFS International New Discovery A (MIDAX)

MFS International New Discovery A

The MFS International New Discovery fund objective is to provide capital appreciation. The fund generally invests in foreign equity securities, including emerging-market equity securities. It generally focuses on companies with small- to medium-capitalizations although it may invest in companies of any size. The fund also invests in derivatives. It may also enter into short sales for the fund.

The lead fund's manager of this MFS fund is David Antonelli. He has managed this fund since its inception in October 1997. Investor can invest in this fund by opening a brokerage account with $1,000 minimum initial investment and $250 for IRA account. The 12b1 of this fund is 0.25% and the front-end sales load fee is 5.75%. The expense ratio of this CCAFX fund is 1.44% per year. This fund is in the Foreign Small/ Mid Growth category.

Wells Fargo Advantage Small Cap Value Investor Fund (SSMVX)

During the growth period, US small cap stock funds can outperformed their peer, US large cap stock fund. These equity funds have higher return over the long term. One of this best US Small Cap stock fund is Wells Fargo Advantage Small Cap Value Investor fund. The fund reviews can be found below.

Wells Fargo Advantage Small Cap Value Investor (SSMVX)

Wells Fargo Advantage Small Cap Value

The Wells Fargo Advantage Small Cap Value fund investment seeks long-term capital appreciation. The fund invests >80% of net assets in equity securities of small-capitalization companies, which are defined as companies with market capitalizations within the range of the Russell 2500 Index. It can invest up to 30% of total assets in equity securities of foreign issuers through ADRs and similar investments. Furthermore, the fund can use futures, options, repurchase or reverse repurchase agreements or swap agreements, as well as other derivatives, to manage risk or to enhance return.

This Wells Fargo fund’s manager is I. Charles Rinaldi. He has been managing this Wells Fargo Advantage mutual fund since its inception in December 1997. The expense ratio of this small blend stock fund is 1.35% annualy. This fund has no 12b1 fee and no front-end sales load fee. This fund has net assets of $4.11 billion.

Top 8 Canadian Equity Mutual Funds 2011

Mutual Funds or Investment funds can be used to provide asset diversification. To diversify your portfolio, you will need to invest in best rated fund. As we know, the Canadian Equity funds have outperformed its peer, the US Equity funds.

Best Mutual Fund

The following article is about Top 10 Best Rated Canadian Equity Mutual Funds of 2011. These best rated funds include Bissett Canadian Equity Class A, RBC O'Shaughnessy All Canadian Equity, Manulife Canadian Investment Class, and more.

Top Canadian Equity Mutual Funds

Top 8 Canadian Equity Mutual Funds 2011 are:

1. Bissett Canadian Equity Class A
2. RBC O'Shaughnessy All Canadian Equity
3. Manulife Canadian Investment Class
4. Mawer Canadian Equity
5. LON Ethics (G) 100/100
6. Manulife Sr R A Canadian Investment
7. Exemplar Canadian Focus Port A
8. GWL Canadian Equity (BT) 100/100

Updated on 10/5/2011