There’s an expectation that we get more out of expensive purchases. That isn’t always the case, though. When it comes to mutual funds, fees can vary quite a bit. These management fees pay for the continual reshuffling of stocks composing the fund.
Some funds charge low fees and boast high returns. This is a major win for investors who want to maintain as much of their earnings as possible. But what can be said about funds managed in the opposite way? Sadly, there are some mutual funds that charge high fees and offer sub-par performance.
Credio wanted to find the mutual funds investors shouldn’t bother with. First, we looked at funds with 10-year ratings of just one (out of five). This indicates that a fund is the worst relative to others of the same investment style. Next, we sorted those funds by expense ratio. These funds will offer meager returns and consume much of what you do earn in fees.
#20. YCVTX – API Efficient Frontier Value
2.44% Expense Ratio
Ten-Year Annualized Return: 2.52%
Ten-Year Performance Rating: 1 out of 5
Investment Style: Mid-Cap Blend
#19. TGFRX – Tanaka Growth
2.45% Expense Ratio
Ten-Year Annualized Return: 4.82%
Ten-Year Performance Rating: 1 out of 5
Investment Style: Mid-Cap Growth
#18. JMCGX – Jacob Micro Cap Growth Investor
2.45% Expense Ratio
Ten-Year Annualized Return: 4.04%
Ten-Year Performance Rating: 1 out of 5
Investment Style: Small Growth
#17. MPERX – Midas Perpetual Portfolio
2.47% Expense Ratio
Ten-Year Annualized Return: 1.36%
Ten-Year Performance Rating: 1 out of 5
Investment Style: World Allocation
#16. IPOSX – Global IPO
2.50% Expense Ratio
Ten-Year Annualized Return: 1.51%
Ten-Year Performance Rating: 1 out of 5
Investment Style: Mid-Cap Growth
#15. USCOX – US Global Investors China Region
2.51% Expense Ratio
Ten-Year Annualized Return: 2.53%
Ten-Year Performance Rating: 1 out of 5
Investment Style: China Region
#14. PAGTX – Pacific Advisors Large Cap Value
2.64% Expense Ratio
Ten-Year Annualized Return: 3.82%
Ten-Year Performance Rating: 1 out of 5
Investment Style: Large Blend
#13. SIEYX – Saratoga International Equity
2.78% Expense Ratio
Ten-Year Annualized Return: -1.73%
Ten-Year Performance Rating: 1 out of 5
Investment Style: Foreign Large Blend
#12. PAABX – Pacific Advisors Balanced
2.84% Expense Ratio
Ten-Year Annualized Return: 1.10%
Ten-Year Performance Rating: 1 out of 5
Investment Style: Aggressive Allocation
#11. MIDSX – Midas
2.97% Expense Ratio
Ten-Year Annualized Return: -10.56%
Ten-Year Performance Rating: 1 out of 5
Investment Style: Equity Precious Metals
#10. CNGLX – Commonwealth Global
3.08% Expense Ratio
Ten-Year Annualized Return: 2.10%
Ten-Year Performance Rating: 1 out of 5
Investment Style: World Stock
#9. CNREX – Commonwealth Real Estate Securities
3.20% Expense Ratio
Ten-Year Annualized Return: 2.48%
Ten-Year Performance Rating: 1 out of 5
Investment Style: Real Estate
#8. SFPAX – Saratoga Financial Service
3.40% Expense Ratio
Ten-Year Annualized Return: -2.13%
Ten-Year Performance Rating: 1 out of 5
Investment Style: Financial
#7. PAMVX – Pacific Advisors Mid Cap Value
3.42% Expense Ratio
Ten-Year Annualized Return: -0.34%
Ten-Year Performance Rating: 1 out of 5
Investment Style: Mid-Cap Blend
#6. MISEX – Midas Magic
3.49% Expense Ratio
Ten-Year Annualized Return: 5.55%
Ten-Year Performance Rating: 1 out of 5
Investment Style: Large Growth
#5. CNJFX – Commonwealth Japan
3.49% Expense Ratio
Ten-Year Annualized Return: -1.46%
Ten-Year Performance Rating: 1 out of 5
Investment Style: Japan Stock
#4. APHAX – Hatteras Alpha Hedged Strategies
3.49% Expense Ratio
Ten-Year Annualized Return: -0.25%
Ten-Year Performance Rating: 1 out of 5
Investment Style: Multialternative
#3. PADGX – Pacific Advisors Government Secs
3.50% Expense Ratio
Ten-Year Annualized Return: 0.27%
Ten-Year Performance Rating: 1 out of 5
Investment Style: Intermediate-Term Bond
#2. NYSAX – Nysa
4.57% Expense Ratio
Ten-Year Annualized Return: -6.32%
Ten-Year Performance Rating: 1 out of 5
Investment Style: Small Blend
#1. AMRAX – American Growth One
5.30% Expense Ratio
Ten-Year Annualized Return: 2.23%
Ten-Year Performance Rating: 1 out of 5
Investment Style: Large Growth