Investors have propelled stocks at a torrid pace in response to President Trump's hopes to cut taxes and boost infrastructure spending, analysts say.
Morningstar Senior Analyst Alina Lamy reports that long-only equity mutual funds gained $177.62 million in inflows during the second week of February, the first time equity mutual funds saw net-positive weekly flows since last March when they experienced inflows of $1.45 billion.
“Optimism right after the election in November sparked U.S. equity funds and ETFs, overall, as both saw significant inflows. There was a clear reversal,” Lamy says. “Before that, outflows from the more expensive funds were larger than the inflows into the lower cost funds, so the overall flows were negative; however, the strong inflows into index funds were positive.”
The S&P 500 has continued to set records and stands nearly 12.8% higher than it was on Election Day.
Lamy notes that a majority of recent mutual fund flows have gone to fixed-income and international equity funds.
Vanguard and Fidelity have a combined 12 funds in this ranking of 20. Scroll through to see the long-only equity mutual funds that attracted the most new money over the last year. All data from Morningstar.
20. Wells Fargo Special Mid Cap Value Inst (WFMIX)
1-Yr. Return: 31.69%
5-Yr. Reutrn: 15.71%
Expense Ratio: 0.87%
Total Assets (millions): $6,386.46
19. Vanguard Extended Market Index Investor (VEXMX)
1-Yr. Return: 34.91%
5-Yr. Reutrn: 12.80%
Expense Ratio: 0.22%
Total Assets (millions): $51,148.60
18. Delaware Value Inst (DDVIX)
1-Yr. Return: 25.05%
5-Yr. Reutrn: 14.38%
Expense Ratio: 0.72%
Total Assets (millions): $14,882.05
17. Fidelity Total Market Index Investor (FSTMX)
1-Yr. Return: 26.96%
5-Yr. Reutrn: 13.72%
Expense Ratio: 0.09%
Total Assets (millions): $38,241.07
16. Loomis Sayles Growth Y (LSGRX)
1-Yr. Return: 21.40%
5-Yr. Reutrn: 15.61%
Expense Ratio: 0.66%
Total Assets (millions): $5,215.13
15. ClearBridge Large Cap Growth A (SBLGX)
1-Yr. Return: 21.47%
5-Yr. Reutrn: 15.68%
Expense Ratio: 1.11%
Total Assets (millions): $6,083.51
14. Fidelity SAI US Quality Index (FUQIX)
1-Yr. Return: 21.04%
5-Yr. Reutrn: N/A
Expense Ratio: 0.15%
Total Assets (millions): $4,331.19
13. Federated Strategic Value Dividend Instl (SVAIX)
1-Yr. Return: 12.88%
5-Yr. Reutrn: 11.64%
Expense Ratio: 0.81%
Total Assets (millions): $14,348.32
12. Vanguard Equity-Income Inv (VEIPX)
1-Yr. Return: 23.64%
5-Yr. Reutrn: 13.54%
Expense Ratio: 0.26%
Total Assets (millions): $25,874.14
11. Victory Sycamore Established Value R (GETGX)
1-Yr. Return: 31.77%
5-Yr. Reutrn: 14.46%
Expense Ratio: 1.16%
Total Assets (millions): $8,132.10
10. Janus Enterprise D (JANEX)
1-Yr. Return: 26.34%
5-Yr. Reutrn: 13.65%
Expense Ratio: 0.84%
Total Assets (millions): $11,968.54
9. Vanguard Mid Cap Index Institutional (VMCIX)
1-Yr. Return: 27.35%
5-Yr. Reutrn: 13.22%
Expense Ratio: 0.07%
Total Assets (millions): $79,891.73
8. Vanguard Small Cap Value Index Inv (VISVX)
1-Yr. Return: 37.12%
5-Yr. Reutrn: 14.47%
Expense Ratio: 0.20%
Total Assets (millions): $25,772.39
7. Fidelity SAI US Large Cap Index (FLCPX)
1-Yr. Return: 25.35%
5-Yr. Reutrn: N/A
Expense Ratio: 0.02%
Total Assets (millions): $5,002.27
6. Vanguard Small Cap Index Inv (NAESX)
1-Yr. Return: 34.20%
5-Yr. Reutrn: 13.05%
Expense Ratio: 0.20%
Total Assets (millions): $71,907.21
5. Invesco Diversified Dividend A (LCEAX)
1-Yr. Return: 19.46%
5-Yr. Reutrn: 13.89%
Expense Ratio: 0.83%
Total Assets (millions): $22,239.49
4. Fidelity 500 Index Investor (FUSEX)
1-Yr. Return: 25.26%
5-Yr. Reutrn: 13.95%
Expense Ratio: 0.09%
Total Assets (millions): $111,429.52
3. Vanguard Value Index Inv (VIVAX)
1-Yr. Return: 27.95%
5-Yr. Reutrn: 14.14%
Expense Ratio: 0.22%
Total Assets (millions): $52,231.47
2. Vanguard 500 Index Investor (VFINX)
1-Yr. Return: 25.20%
5-Yr. Reutrn: 13.88%
Expense Ratio: 0.16%
Total Assets (millions): $292,354.58
1. Vanguard Total Stock Mkt Idx Inv (VTSMX)
1-Yr. Return: 26.87%
5-Yr. Reutrn: 13.67%
Expense Ratio: 0.16%
Total Assets (millions): $517,957.76