By the Numbers: The Weight of the Load

Looking for a good fund that won't nickel and dime clients? Russ Kinnel, a mutual fund analyst at Morningstar, recently ranked the five-year, asset-weighted relative performance of prominent fund families, adjusted for loads. He admits that it's a tricky and imperfect endeavor particularly in the absence of breakpoint considerations and other factors, like how much of a fund's business sits in the

Looking for a good fund that won't nickel and dime clients? Russ Kinnel, a mutual fund analyst at Morningstar, recently ranked the “five-year, asset-weighted relative” performance of prominent fund families, adjusted for loads. He admits that it's a tricky and imperfect endeavor — particularly in the absence of breakpoint considerations and other factors, like how much of a fund's business sits in the cheaper institutional channel. Still, he asserts, the load-adjusted figures provide a useful guideline for advisors and their investors.

Fund company Percentile rank before loads Percentile rank after loads
PIMCO Funds 21 17
T. Rowe Price 25 22
Vanguard 32 25
American Funds 26 29
American Century 42 36
Fidelity 41 39
Hartford 24 39
Franklin Templeton 27 40
Oppenheimer Funds 30 40
Janus 70 65
Putnam 63 71
Source: Morningstar.com
Note: All rankings are based on five-year, asset-weighted performance.
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