Summer is in full swing, and the weather has really heated up all across America. To cool off, many people will pour themselves a tall glass of ice-cold lemonade. Hey, I think it’s fine if your lemons get squeezed into lemonade, but what isn’t fine is if you have lemons in your investment portfolio.
The lemons I’m talking about here are underperforming mutual funds that have earned a spot on the infamous Mutual Fund Lemon List, the list of the worst-performing mutual funds. To be classified as a lemon, a fund must pass strict screening criteria: it must underperform its peer group average for the last 12 months, as well as for the last three- and five-year periods.
The second-quarter, 2010, Lemon List includes 1,584 mutual funds totaling $715 billion in assets, and if one of the funds you own is on the list, you need to squeeze that lemon from your holdings.
Here’s a list of this quarter’s 10 sourest offenders, ranked by assets.
Ticker |
Name |
Assets ($mil) |
FDIVX |
FIDELITY DIVERSIFIED INTL FD |
25880.83 |
VWNFX |
VANGUARD |
20888.82 |
VFSUX |
VANGUARD S/T INVEST GR-ADM |
18668.30 |
VFSTX |
VANGUARD S/T INVEST GR-INV |
15943.64 |
VWNAX |
VANGUARD |
12571.79 |
RGACX |
AMERICAN GRW FD OF AMER-R3 |
12008.25 |
FDEQX |
FIDELITY DISCIPLINED EQUIT |
9440.18 |
TRBCX |
T ROWE PRICE BLUE CHIP |
9288.47 |
CIBCX |
AMERICAN CAP INCM BUILDER-C |
7689.00 |
FSHBX |
FIDELITY SHORT TERM BOND FD |
7513.03 |
To see the latest edition of the Lemon List, just go to the Lemon List website.
Hey, all you have to lose is that sour taste in your portfolio.
Log In
Forgot Password
Search