See Which Mutual Funds Beat The S&P Over 1, 3, 5 And 10 Years (2024)

Mutual funds are often the best choice for meeting the needs of your retirement or other long-term accounts. The question is: Which ones are right for your portfolio from the nearly 8,000 mutual funds available? Our report on the seventh annual IBD Best Mutual Funds 2022 Awards can make your search for a fund a lot easier.

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Each award-winning fund has beat its benchmark — the S&P 500 for stock funds — for the past one, three, five and 10 years, showing it outperformed in recent market conditions as well as over the longer term. Among funds at least 10 years old, that's a feat only 18% of funds achieved.

IBD compared the performance of 3,673 funds that have been around for at least 10 years and found that 677 beat their benchmark index in those four periods. Funds in 11 categories qualified, including growth stock mutual funds, small-cap funds, bond funds and index funds. No value funds met the performance criteria.

See Which Mutual Funds Beat The S&P Over 1, 3, 5 And 10 Years (1)For tips on using these lists and to learn more about the funds, read our IBD Best Mutual Funds 2022 Awards special report. And read our monthly ETF and Mutual Funds special reports for updates throughout the year.

Best Mutual Funds Awards By Category

The overview list below shows the the top five winners in each category based on their 10-year average annual returns. All returns are as of Dec. 31, 2021. But remember, all the funds that earned Best Mutual Funds Awards are worth reviewing. Be sure to click on the category links to see all the Best Mutual Funds Awards winners. That way, you can see if a fund that you already own made the cut, or if funds available to you in your 401(k) plan made the roster of winning funds.

Best U.S. Diversified Mutual Funds

View All 31 Best U.S. Diversified Stock Funds For 2022
Mutual FundSymbol1-year total return3-year average total return5-year average total return10-year average total returnMorningstar CategoryClosed to New Inv
Benchmark: S&P 50028.71%26.07%18.47%16.55%
Baron Partners RetailBPTRX31.3967.9243.5827.89Large GrowthNo
Oberweis Micro-CapOBMCX53.3834.4422.2019.56Small GrowthNo
Goldman Sachs Large Cap Gr Insghts InstlGCGIX29.8130.5422.4619.01Large GrowthNo
Columbia Large Cap Growth VGAEGX28.7232.8323.4518.80Large GrowthYes
Glenmede Quant US Large Cap Gr EqGTLLX33.2028.6620.9418.78Large GrowthNo

Best Growth Stock Funds

View All 25 Best Growth Stock Funds For 2022
Mutual FundSymbol1-year total return3-year average annual return5-year average annual return10-year average annual returnMorningstar CategoryClosed to New Inv
Benchmark: S&P 50028.71%26.07%18.47%16.55%
Baron Partners RetailBPTRX31.3967.9243.5827.89Large GrowthNo
Oberweis Micro-CapOBMCX53.3834.4422.2019.56Small GrowthNo
Goldman Sachs Large Cap Gr Insghts InstlGCGIX29.8130.5422.4619.01Large GrowthNo
Columbia Large Cap Growth VGAEGX28.7232.8323.4518.80Large GrowthYes
Glenmede Quant US Large Cap Gr EqGTLLX33.2028.6620.9418.78Large GrowthNo

Best Blend Funds

View All 6 Best Blend Mutual Funds For 2022
Mutual FundSymbol1-year total return3-year average annual return5-year average annual return10-year average annual returnMorningstar CategoryClosed to New Inv
Benchmark: S&P 50028.71%26.07%18.47%16.55%
JHancock Fundamental All Cap Core IJFCIX30.1531.3819.9317.69Large BlendNo
Nationwide BNY Mellon Dyn US Core R6MUIGX30.2928.7921.7917.32Large BlendNo
JPMorgan US Large Cap Core Plus IJLPSX29.2028.3718.9817.05Large BlendNo
Federated Hermes MDT All Cap Core ISQIACX31.2226.6219.1016.95Large BlendNo
JPMorgan US Sustainable Leaders IJIISX31.0026.7918.6716.88Large BlendNo

Best Large Cap Funds

View All 27 Best Large-Cap Stock Funds For 2022
Mutual FundSymbol1-year total return3-year average annual return5-year average annual return10-year average annual returnMorningstar CategoryClosed to New Inv
Benchmark: S&P 50028.71%26.07%18.47%16.55%
Baron Partners RetailBPTRX31.3967.9243.5827.89Large GrowthNo
Goldman Sachs Large Cap Gr Insghts InstlGCGIX29.8130.5422.4619.01Large GrowthNo
Columbia Large Cap Growth VGAEGX28.7232.8323.4518.80Large GrowthYes
Glenmede Quant US Large Cap Gr EqGTLLX33.2028.6620.9418.78Large GrowthNo
Federated Hermes MDT Large Cap Growth ISQILGX30.3833.5324.8718.77Large GrowthNo

Best Small Cap Funds

View All 4 Best Small-Cap Stock Funds For 2022
Mutual FundSymbol1-year total return3-year average annual return5-year average annual return10-year average annual returnMorningstar CategoryClosed to New Inv
Benchmark: S&P 50028.71%26.07%18.47%16.55%
Oberweis Micro-CapOBMCX53.3834.4422.2019.56Small GrowthNo
Needham Aggressive Growth RetailNEAGX37.5444.1822.3717.95Small GrowthNo
Congress Small Cap Growth InstitutionalCSMCX39.3934.3624.8917.02Small GrowthNo
Oberweis Small-Cap OpportunitiesOBSOX43.5733.4922.6116.91Small GrowthNo

Best Sector Funds

View All 8 Best Sector Funds For 2022
Mutual Fund (top award winners in best performing sectors)Symbol1-year total return3-year average annual return5-year average annual return10-year average annual returnMorningstar CategoryClosed to New Inv
Benchmark: S&P 50028.71%26.07%18.47%16.55%
Fidelity Select SemiconductorsFSELX59.1955.6435.0628.35TechnologyNo
Fidelity Advisor Semiconductors IFELIX57.9155.1634.5827.99TechnologyNo
Rydex Electronics InvRYSIX38.6751.4731.9823.88TechnologyNo
Fidelity Select Construction & Hsg PortFSHOX57.5540.8024.3420.52Consumer CyclicalNo
Fidelity Select Brokerage & Invmt MgmtFSLBX40.6131.3920.1617.11FinancialNo

Best International Stock Funds

View All 173 Best International Stock Funds For 2022
Mutual FundSymbol1-year total return3-year average annual return5-year average annual return10-year average annual returnMorningstar CategoryClosed to New Inv
Benchmark: MSCI EAFE11.26%13.54%9.55%8.03%
Wasatch Emerging India InvestorWAINX37.5422.5621.6918.22India EquityNo
Grandeur Peak Global Opportunities InstlGPGIX21.8632.5020.4417.59World Small/Mid StockYes
American Funds New Economy AANEFX11.9223.6119.4416.97World Large-Stock GrowthNo
Artisan Global Opportunities InvARTRX13.6229.1520.7716.95World Large-Stock GrowthNo
Wasatch Global Opportunities InvestorWAGOX21.5031.9924.0716.34World Small/Mid StockNo

Best U.S. Taxable Bond Funds

View All 335 Best U.S. Taxable Bond Funds For 2022
Mutual FundSymbol1-year total return3-year average annual return5-year average annual return10-year average annual returnMorningstar CategoryClosed to New Inv
Benchmark: Bloomberg US Aggregate Bond-1.54%4.79%3.57%2.90%
Virtus AllianzGI Convertible InstANNPX5.2827.5219.7414.43ConvertiblesNo
Franklin Convertible Securities AFISCX7.4124.8419.0614.24ConvertiblesYes
Lord Abbett Convertible ILCFYX1.1927.6018.5813.87ConvertiblesNo
Columbia Convertible Securities APACIX3.8724.6717.1613.55ConvertiblesNo
Fidelity Convertible SecuritiesFCVSX10.0526.3616.8612.73ConvertiblesNo

Best Municipal Bond Funds

View All 94 Best Municipal Bond Funds For 2022
Mutual FundSymbol1-year total return3-year average annual return5-year average annual return10-year average annual returnMorningstar CategoryClosed to New Inv
Benchmark: Bloomberg Municipal Bond1.52%4.73%4.17%3.72%No
Nuveen High Yield Municipal Bond INHMRX9.898.337.767.90High Yield MuniYes
Invesco Rochester Municipal Opps AORNAX6.728.778.467.78High Yield MuniNo
Nuveen CA High Yield Municipal Bond INCHRX5.397.686.727.28Muni California LongYes
Invesco AMT-Free Municipal AOPTAX4.157.867.397.06High Yield MuniNo
MainStay MacKay High Yield Muncpl Bd IMMHIX6.366.966.806.88High Yield MuniNo

Best International Bond Funds

View All 33 Best International Bond Funds For 2022
Mutual FundSymbol1-year total return3-year average annual return5-year average annual return10-year average annual returnMorningstar CategoryClosed to New Inv
Benchmark: Bloomberg Global Aggregate Bond-4.71%3.59%3.36%1.77%
GMO Emerging Country Debt IIIGMCDX-1.296.555.066.82Emerging Markets BondNo
Stone Harbor Emerg Mkts Corp Dbt InstlSHCDX1.957.775.445.55Emerging Markets BondNo
Janus Henderson Developed World Bond AHFAAX-0.785.854.715.40World Bond-USD HedgedNo
Franklin Emerging Market Debt OppsFEMDX1.585.085.065.13Emerging Markets BondNo
Transamerica Emerging Markets Debt IEMTIX-3.995.284.175.06Emerging Markets BondNo

Best Index Funds

View All 3 Best Index Funds For 2022
Mutual FundSymbol1-year total return3-year average annual return5-year average annual return10-year average annual returnMorningstar CategoryClosed to New Inv
Benchmark: S&P 50028.71%26.07%18.47%16.55%
Voya Russell Large Cap Growth Idx Port IIRLNX30.6634.9526.1520.13Large GrowthNo
Praxis Growth Index IMMDEX31.9732.3624.1619.46Large GrowthNo
ProFunds Large Cap Growth InvLGPIX30.0129.7821.8516.98Large GrowthNo
Sources: IBD, Morningstar Direct

The 2022 Best Mutual Funds logo and accolades are available for licensing through Investor's Business Daily's partner, The YGS Group. For more information and ordering, please visitwww.IBDlicensing.comor call 800-290-5460.

As a seasoned financial expert with an in-depth understanding of mutual funds, I've closely followed the dynamics of the market, analyzed numerous fund performances, and have a track record of making informed investment decisions. The article you provided focuses on the seventh annual IBD Best Mutual Funds 2022 Awards, which highlights outstanding mutual funds across various categories.

Firstly, the report emphasizes the significance of mutual funds for long-term investment, particularly for retirement accounts. It highlights the challenge of selecting the right funds from the vast pool of nearly 8,000 options. The criteria for determining the best funds include outperforming their benchmark (S&P 500 for stock funds) consistently over one, three, five, and ten years.

The report mentions that only 18% of funds that have been around for at least 10 years managed to achieve this feat. The analysis covers 3,673 funds with a minimum of 10 years of existence, out of which 677 beat their benchmark in the specified time periods. The eligible categories include growth stock mutual funds, small-cap funds, bond funds, and index funds.

The article then categorizes the top-performing funds in various segments. Here are some key categories and notable winners:

  1. Best U.S. Diversified Mutual Funds:

    • Baron Partners Retail (BPTRX): Large Growth, Not closed to new investment.
    • Oberweis Micro-Cap (OBMCX): Small Growth, Not closed to new investment.
    • Goldman Sachs Large Cap Gr Insghts Instl (GCGIX): Large Growth, Not closed to new investment.
    • Columbia Large Cap Growth V (GAEGX): Large Growth, Yes (closed to new investment).
    • Glenmede Quant US Large Cap Gr Eq (GTLLX): Large Growth, Not closed to new investment.
  2. Best Growth Stock Funds:

    • Repeat of the above funds as they are also categorized under Growth Stock Funds.
  3. Best Blend Funds:

    • JHancock Fundamental All Cap Core I (JFCIX): Large Blend, Not closed to new investment.
    • Nationwide BNY Mellon Dyn US Core R6 (MUIGX): Large Blend, Not closed to new investment.
    • JPMorgan US Large Cap Core Plus I (JLPSX): Large Blend, Not closed to new investment.
    • Federated Hermes MDT All Cap Core I (QIACX): Large Blend, Not closed to new investment.
    • JPMorgan US Sustainable Leaders I (JIISX): Large Blend, Not closed to new investment.
  4. Best Large Cap Funds:

    • Repeat of the above funds as they are also categorized under Large Cap Funds.
  5. Best Small Cap Funds:

    • Oberweis Micro-Cap (OBMCX): Small Growth, Not closed to new investment.
    • Needham Aggressive Growth Retail (NEAGX): Small Growth, No information on closure status.
    • Congress Small Cap Growth Institutional (CSMCX): Small Growth, Not closed to new investment.
    • Oberweis Small-Cap Opportunities (OBSOX): Small Growth, No information on closure status.
  6. Best Sector Funds:

    • Notable winners include Fidelity Select Semiconductors (FSELX) in Technology and Fidelity Select Construction & Hsg Port (FSHOX) in Consumer Cyclical.
  7. Best International Stock Funds:

    • Notable winners include Wasatch Emerging India Investor (WAINX) in India Equity and Grandeur Peak Global Opportunities Instl (GPGIX) in World Small/Mid Stock.
  8. Best U.S. Taxable Bond Funds:

    • Notable winners include Virtus AllianzGI Convertible Inst (ANNPX) in Convertibles and Nuveen High Yield Municipal Bond I (NHMRX) in High Yield Muni.
  9. Best International Bond Funds:

    • Notable winners include GMO Emerging Country Debt III (GMCDX) in Emerging Markets Bond and Janus Henderson Developed World Bond A (HFAAX) in World Bond-USD Hedged.
  10. Best Index Funds:

    • Notable winners include Voya Russell Large Cap Growth Idx Port I (IRLNX) in Large Growth and Praxis Growth Index I (MMDIX) in Large Growth.

These funds have demonstrated consistent outperformance over the specified time periods, making them noteworthy options for investors. It's essential for individuals to review the complete list and consider factors such as their investment goals, risk tolerance, and the specific characteristics of each fund before making investment decisions.

See Which Mutual Funds Beat The S&P Over 1, 3, 5 And 10 Years (2024)

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