Royce Pennsylvania Mutual Fund (PENNX)

Royce Pennsylvania Mutual Fund (PENNX) is a domestic stock fund. This Royce Pennsylvania Mutual Fund invests mainly in small companies’ stocks with growth potential.

Royce Pennsylvania Mutual Fund (PENNX)

The investment objective of Royce Pennsylvania Mutual Fund is to provide long-term growth of capital. The mutual fund utilizes its assets to purchase the equity securities of small-cap and micro-cap companies. These companies have market capitalizations up to $2.5 billion. It may invest up to 25% of its net assets in foreign securities.

This domestic stock fund generally invests in companies that Royce believes have excellent business strengths, high internal rates of return and low leverage. It may sell securities to, among other things, secure gains, limit losses, redeploy assets into what Royce deems to be more promising opportunities and/or manage cash levels in the fund's portfolio.

Royce Fund Details

Royce fund

• Fund Inception Date: October 30, 1972
• Ticker Symbol: PENNX
• CUSIP: 780905840
• Beta (3yr): 1.19
• Rank in category (YTD): 82%
• Category: Small Growth
• Distribution: 1.17%
• Capital Gains: 0%
• Expense Ratio: 0.89%
• Net Assets: $ 6.5 billion
• Number of Years Up: 33 years
• Number of Years Down: 7 years
• Annual Turnover Rate: 22%

Updated on June 23, 2013

Top Performing Real Estate ETFs June 2013

Find top performing real estate ETFs June 2013. Check the best REIT ETFs for your investment including iShares Cohen & Steers REIT ETF, Wilshire US REIT ETF, and more.

Top Real Estate ETFs

Real estate exchange traded funds invest mainly in stocks of companies related in real estate industry. It may invest in REIT or real estate investment trust. These ETFs are typically index funds that are tracking their benchmark.

The funds have higher yield than other sector funds. From this best performing funds list, you may find each individual fund review. You can find the fund performance, expense ratio, and yield or dividend from the table below. The list is sorted based on its 1 year total return.

The top performing real estate ETFs June 2013 are:

Top Performer ETFs

1. iShares Cohen & Steers Realty Majors (ICF)
2. SPDR Dow Jones REIT (RWR)
3. Schwab US REIT ETF (SCHH)
4. Wilshire US REIT ETF (WREI)
5. iShares FTSE EPRA/NAREIT North America (IFNA)
6. iShares FTSE NAREIT Industrial/Office Capped Index (FNIO)
7. iShares FTSE NAREIT Real Estate 50 (FTY)
8. iShares FTSE NAREIT Residential Plus Capped Index (REZ)
9. First Trust S&P REIT Index (FRI)
10. Vanguard REIT Index ETF (VNQ)
11. iShares Dow Jones US Real Estate (IYR)
12. iShares FTSE NAREIT Retail Capped Index (RTL)
13. iShares FTSE NAREIT Mort Plus Capped Index (REM)
14. Market Vectors Mortgage REIT ETF (MORT)
15. PowerShares KBW Premium Yield Equity REIT (KBWY)
16. IQ U.S. Real Estate Small Cap ETF (ROOF)

Updated on June 21, 2013

Nuveen Real Estate Securities Fund (FREAX)

Nuveen Real Estate Securities Fund (FREAX) invests in companies involved in the real estate industry. It provides high yield dividend for income.

Nuveen Real Estate Securities Fund (FREAX)

The investment aim of Nuveen Real Estate Securities Fund is to achieve above average current income and long-term capital appreciation. The fund utilizes its assets to purchase income-producing common stocks of publicly traded companies engaged in the real estate industry. It expects to emphasize investments in equity REITs, although it may invest in all 3 kinds of REITs. It may invest in non-dollar denominated equity securities of foreign issuers, including emerging market issuers. It is non-diversified.

Fund Profile

FREAX fund profile

• Fund Inception Date: September 28, 1995
• Ticker Symbol: FREAX
• CUSIP: 670678705
• Beta (3yr): 0.83
• Rank in category (YTD): 39%
• Category: Real Estate
• Distribution: 1.76%
• Capital Gains: 0%
• Expense Ratio: 1.26%
• Net Assets: $ 4.8 billion
• Number of Years Up: 13 years
• Number of Years Down: 4 years
• Annual Turnover Rate: 76%

Updated on 6/19/2013

Best Retirement Income Mutual Funds 2013

Find best retirement income mutual funds 2013. Check the top mutual fund ranking and review.

Retirement Income Funds

Retirement income mutual funds invest in a mix of bonds, stocks, and cash for investors already in or near retirement. The funds are managed with conservative asset allocation strategy. The funds will provide consistent income for investors through dividend or interest income.

These best retirement income mutual funds are sorted based on its value, performance and quality. You can find various funds to invest in your financial accounts.  Please check the fund prospectus for investment risk, fund details, etc.

You may invest in your regular investment account or brokerage account, 401(k) account, traditional IRA, and Roth IRA. Please check with your brokerage or 401(k) account for details.

The 15 best retirement income mutual funds 2013 are:

1. Vanguard Target Retirement Income Fund (VTINX)
2. T. Rowe Price Retirement Income Fund (TRRIX)
3. Harbor Target Retirement Income Fund (HARAX)
4. USAA Target Retirement Income Fund (URINX)
5. TIAA-CREF Lifecycle Retirement Income Fund (TLRIX)
6. American Beacon Retirement Income and Appreciation Fund (AANPX)
7. TIAA-CREF Lifecycle Index Retirement Income Fund (TRILX)
8. Russell LifePoints In Retirement Fund (RZLRX)
9. Legg Mason Target Retirement Fund (LMPAX)
10. MFS Lifetime Retirement Income Fund (MLLAX)
11. American Century Asset Allocation Portfolios LIVESTRONG Income Portfolio (ARTAX)
12. JPMorgan SmartRetirement Income Fund (JSRAX)
13. Vantagepoint Milestone Retirement Income Fund (VPRRX)
14. Manning & Napier Target Income Series Fund (MTDCX)
15. BlackRock LifePath Retirement Portfolio (LPRAX)

Updated on June 17, 2013

Fidelity Select Leisure Fund (FDLSX)

Fidelity Select Leisure Fund (FDLSX) is a sector stock mutual fund. It invests in companies which operate in the leisure industries. This leisure industry is part of consumer cyclical sector.

Fidelity Select Leisure Fund (FDLSX)

The investment objective of Fidelity Select Leisure Fund is to seek capital appreciation. The stock fund invests mainly in common stocks of companies primarily engaged in the design, production, or distribution of goods or services in the leisure industries. It may invest in domestic and foreign companies. It uses fundamental analysis of factors such as financial condition and industry position, as well as market and economic conditions to select investments. The fund is non-diversified.

Fund Profile

Fidelity fund

• Fund Inception Date: May 7, 1984
• Ticker Symbol: FDLSX
• CUSIP: 316390707
• Beta (3yr): 0.91
• Rank in category (YTD): 22%
• Category: Consumer Cyclical
• Distribution: 1.20%
• Capital Gains: 0%
• Expense Ratio: 0.86%
• Net Assets: $ 372.1 million
• Number of Years Up: 23 years
• Number of Years Down: 5 years
• Annual Turnover Rate: 77%

Updated on June 15, 2013

Best Municipal Bond Mutual Funds 2013

Find best municipal bond mutual funds list for the past 5 years. You will find top muni national short mutual fund, and more.

Municipal Bond Funds

Top Funds

Municipal bond funds are investing mainly in tax free municipal bonds issued by various U.S. municipalities such as state of California, state of Texas, Los Angeles city, New York City, and more. The interests are exempt from federal income tax, it may also exempt from state and local tax. You can buy these bond funds from your brokerage such as Vanguard, Fidelity, TD Ameritrade, ETrade, etc.

Top Funds

Muni National Short

Muni national short funds utilize its assets to purchase bonds issued by state and local governments to fund public projects. The portfolios have shorter duration of less than 5 years. These muni bond funds invest in investment grade bonds of many states and sectors. The income from these bonds is tax free from federal taxes and/or state taxes in the issuing state.

Best muni national short mutual funds are:

1. RidgeWorth S/T Municipal Bond A (SMMAX) – 4.78%
2. Thornburg Limited-Term Muni A (LTMFX) – 4.52%
3. Bernstein Diversified Municipal (SNDPX) – 4.05%
4. MFS Municipal Limited Maturity A (MTLFX) – 3.93%
5. Nuveen Limited-Term Municipal Bond A (FLTDX) – 3.90%
6. AllianceBern Intermediate Diversified Municipal A (AIDAX) – 3.78%
7. Glenmede Municipal Intermediate (GTCMX) – 3.67%
8. Wells Fargo Advantage Strategic Municipal Bond A (VMPAX) – 3.58%
9. T. Rowe Price Tax-Free Short-Intermediate (PRFSX) – 3.52%

Neuberger Berman Genesis Fund (NBGNX)

Neuberger Berman Genesis Fund (NBGNX) is a mid-cap growth mutual fund. It invests mainly in U.S. companies’ stocks.

Neuberger Berman Genesis Fund (NBGNX)

The investment objective of Neuberger Berman Genesis Fund is to seek capital growth. The mutual fund invests primarily in common stocks of small-capitalization companies. The small cap companies typically have a total market value of no more than $2 billion at the time the fund first invests in them. It may continue to hold or add to a position in a stock after the company’s market value has grown beyond $2 billion. The fund seeks to reduce risk by diversifying among many companies and industries.

Fund Details

NBGNX fund details

• Fund Inception Date: 09/26/1998
• Ticker Symbol: NBGNX
• CUSIP: 641224100
• Beta (3yr): 0.95
• Rank in category (YTD): 35%
• Category: Mid-Cap Growth
• Distribution: 0.49%
• Capital Gains: 0%
• Expense Ratio: 1.03%
• Net Assets: $ 12.1 billion
• Number of Years Up: 19 years
• Number of Years Down: 5 years
• Annual Turnover Rate: 15%

Updated on June 11, 2013