As the new year rolls around, many investors are looking for the best mutual funds to add to their portfolios in 2023. With so many different mutual funds to choose from, it can be overwhelming to decide which ones are the best investment options. In this article, we’ll take a closer look at the top 10 mutual funds for 2023, based on their historical performance, fees, investment strategies, and more.
Vanguard 500 Index Fund Admiral Shares (VFIAX)
The Vanguard 500 Index Fund Admiral Shares is one of the best mutual funds to invest in for long-term growth. This fund seeks to track the performance of the S&P 500 index, which is made up of 500 of the largest companies in the U.S. The expense ratio for this fund is very low, at only 0.04%, making it a great option for cost-conscious investors.
Fidelity Contrafund (FCNTX)
The Fidelity Contrafund is a large-cap growth fund that invests in companies with high growth potential. This fund has a solid track record of outperforming its benchmark index, and its expense ratio is relatively low, at 0.86%. The fund has a relatively high minimum investment requirement of $2,500, which may not be suitable for all investors.
T. Rowe Price Blue Chip Growth Fund (TRBCX)
The T. Rowe Price Blue Chip Growth Fund is another large-cap growth fund that invests in high-quality companies with strong growth potential. This fund has a long track record of outperforming its benchmark index, and its expense ratio is relatively low, at 0.69%. The fund also has a relatively low minimum investment requirement of $2,500.
Dodge & Cox Stock Fund (DODGX)
The Dodge & Cox Stock Fund is a large-cap value fund that invests in companies with strong fundamentals and attractive valuations. This fund has a long history of outperforming its benchmark index, and its expense ratio is relatively low, at 0.52%. The fund has a minimum investment requirement of $2,500.
Fidelity Low-Priced Stock Fund (FLPSX)
The Fidelity Low-Priced Stock Fund is a mid-cap value fund that invests in companies with low stock prices but strong fundamentals. This fund has a solid track record of outperforming its benchmark index, and its expense ratio is relatively low, at 0.85%. The fund has a relatively high minimum investment requirement of $2,500.
American Funds Capital Income Builder (CAIBX)
The American Funds Capital Income Builder is a balanced fund that invests in a mix of stocks and bonds. This fund has a solid track record of generating income and capital appreciation over the long term, and its expense ratio is relatively low, at 0.58%. The fund has a minimum investment requirement of $250.
Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX)
The Vanguard Total Bond Market Index Fund Admiral Shares is a bond fund that seeks to track the performance of the Bloomberg Barclays U.S. Aggregate Float Adjusted Index. This fund has a low expense ratio, at 0.05%, and provides a diversified exposure to the U.S. bond market. The fund has a minimum investment requirement of $3,000.
PIMCO Income Fund (PONAX)
The PIMCO Income Fund is a bond fund that invests in a wide range of fixed-income securities, including government bonds, corporate bonds, and mortgage-backed securities. This fund has a solid track record of generating income for investors, and its expense ratio is relatively low, at 0.79%.
