Top Rated No Load Mutual Funds for 2013
AlphaProfit Provides New Recommendations of Top Rated No Load Mutual Funds for 2013
The AlphaProfit Growth Fund model portfolio is reconstituted on May 21, 2013 with top rated no load mutual funds in the large cap, small cap, foreign, and specialty categories.
The U. S. stock market is leading most global markets and the place to invest in 2013.
Fidelity Spartan 500 Index (FUSEX) and Schwab S&P 500 Index (SWPPX) that track the S&P 500 index ($SPX) are up 18%.
The broad rally has lifted small-cap stocks as well. Small-cap funds are matching gains scored by large-cap funds.
The Fidelity Spartan Small Cap Index (FSSPX) and Schwab Small Cap Index (SWSSX) that track the Russell 2000 Index ($IWM) are each up nearly 18% too.
From a style perspective value funds dominate the list of top rated no load mutual funds in 2013.
The average value fund has gained 18% compared to the 16% gain for the average growth fund.
Foreign funds focusing on developed markets have joined the rally after a slow start.
Fidelity Spartan International Index (FSIIX) that tracks the MSCI EAFE index is up 11% after rising just 4% in the first quarter.
Emerging market funds are lagging amidst a backdrop of slowing Chinese growth and falling commodity prices. The Fidelity Spartan Emerging Markets Index (FPEMX) that tracks the FTSE Emerging Index is down a fraction.
Discussing the recent performance of the U. S. stock market, Dr. Sam Subramanian, Editor of AlphaProfit's Premium Service Investment Newsletter said, 'Corporate profits and economic growth are taking skeptics by surprise. Retail investors who have not participated in the stock price rally after the 2008 crash are now returning. Money flow into U. S. stocks, ETFs and mutual funds is surging as a result.'
U. S. stocks are up handily in the past year. Yet, the ride has not been smooth. Stock prices have been periodically rocked by worries of fiscal cliff & economic slowdown in the U. S. and debt crisis in Europe.
Steering through this up-down market, the AlphaProfit No-Load, No-Transaction-Fee Growth Model Portfolio is up 31% in the past year.
AlphaProfit subscribers benefited from gains made by top rated no load domestic mutual funds like Fidelity Small Cap Discovery (FSCRX) and Fidelity Small Cap Value (FCPVX) that are up 44% and 39%, respectively in the past 12 months.
Top rated no load foreign mutual funds Wasatch International Growth (WAIGX) and Matthews Asia Dividend (MAPIX) also advanced 45% and 34%, respectively to handily reward subscribers.
Outlook for Top Rated No Load Mutual Funds
The S&P 500 is up six straight months. Many technical measures of the U. S. market are overbought.
Nearly 90% of stocks in the S&P 500 index are trading above their 50-day moving average, approaching a two-year high of 93% set in January. Furthermore, nearly 40% of S&P 500 members traded at their 52-week high on May 15, the highest since 1993.
Dr. Subramanian is cautious in his near-term outlook and believes stocks have to consolidate recent gains before the next leg of a material advance can ensue.
Looking beyond this consolidation phase, Dr. Subramanian reckons, 'Stock prices can set new all-time highs later this year if corporate profits continue rising and inflation stays low.'
Elaborating on this bullish scenario, Dr. Subramanian says, 'U. S. stock ownership as measured by ownership of stocks, ETFs & mutual funds, and retirement plan participation is currently low. With interest rates low and opportunities in fixed-income markets relatively tepid, investors are likely to look to stocks to earn a return on capital.'
Off-late, inflation concerns appear to be receding and making matters easier for central bankers. The Federal Reserve, European Central Bank, and the Bank of Japan are engaging in coordinated, open-ended stimulus to shore up their economies without having to worry about inflation.
'Stocks run the risk of losing a key prop in low interest rates and stimulus measures if inflation ticks up', cautions Dr. Subramanian.
Dr. Subramanian sums up, 'The best buying opportunity of the year is likely to materialize in the summer months in the event an imminent consolidation phase sets the stage for a material advance later.'
Top Rated No Load Mutual Funds for 2013
AlphaProfit's no-load, no-transaction fee (NTF) growth model portfolio will be repositioned with top rated no load mutual funds on May 21. Learn more about AlphaProfit's Fidelity fund recommendations and fund model portfolios.
Since 2009, the no-load, NTF growth model portfolio has gained at a 17.3% annual rate beating the 12.9% rate for its benchmark consisting of broad U. S. and foreign indexes.
Stated differently, the AlphaProfit No Load Fund Model Portfolio has helped Premium Service subscribers earn 44% more money than index investors.
The NTF growth model portfolio's outperformance was driven by contributions from several top rated no load mutual funds.
AlphaProfit subscribers benefited from the selection of top rated no load domestic mutual funds like Janus Venture (JAVTX) and ASTON/Fairpointe Mid Cap (CHTTX) that have both gained over 170% since 2009. Among top rated no load foreign mutual funds, subscribers benefited from Westcore International Small Cap (WTIFX) and Harding Loevner International Small Company (HLMSX) that have risen over 165% and 155%, respectively.
Looking ahead to the repositioning Dr. Subramanian said, 'Our primary objective is to help subscribers protect their recent gains during the consolidation phase through asset allocation and mutual fund selection. We look forward to enabling subscribers add to these gains by increasing allocation to top rated no load mutual funds before the next leg of the bull market.'
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By Hulbert #1 rank winner Dr. Sam Subramanian
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AlphaProfit Investments, LLC is an independent investment research firm based in Sugar Land, TX. AlphaProfit publishes the AlphaProfit Sector
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