Readers: What are Your Favorite Mutual Funds?

I know mutual funds are mostly a dinosaur product at this point, but some of them are still quite useful and every once in a while I come across one that I find to be a real value add.  That said, the mutual fund universe is enormous and I don’t follow them all.  So I am curious – what are your absolute favorite MUTUAL funds?  I am hoping to spark a little bit of a discussion about different funds and what some of you find to be the characteristics or reasons for owning an old school mutual fund.  I’ll throw an obvious candidate out there just for fun – The DoubleLine Total Return fund which has a reasonable expense structure and adds diversification through the uniqueness of Gundlach’s approach and expertise.

Thanks for any input and thoughts here!

Cullen Roche

Mr. Roche is the Founder of Orcam Financial Group, LLC. Orcam is a financial services firm offering research, private advisory, institutional consulting and educational services.

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  1. I would echo a number of the funds mentioned above (including FPA Crescent, Doublelines, Yacktman, Oppenheimer Developing Markets, and Matthews funds), but I’d also add Pimco All Asset All Allocation. Even though I find that the manager, Robert Arnott, has a highly ideologically driven understanding of monetary variables, he seems to share that to such an extent with markets that he ends up being a savvy investor.

  2. I like these:

    Matthews Growth & Income
    First Eagle Global
    Third Avenue Real Estate
    Fidelity Small-cap Discovery
    Oakmark International

    And my absolute favorite….

    Hussman Strategic Growth (JUST KIDDING!!!!!)
    -This blowhard is the worst manager ever.

  3. Wasatch Frontier Emerging Small Countries Fund (WAFMX) cannot be replicated with ETFs and is my favorite holding.

  4. Fidelity Low-Priced Stock managed by Joel Tillinghast has been a perennial winner. I also like Driehaus Emerging Markets and Permanent Portfolio.

  5. An equal weight portfolio with an excellent track record:

    The Bruce Fund
    Yacktman Focused
    SouthernSun Small Cap
    T. Rowe Price Capital Appreciation

  6. Forgot about WAVIX. Although it is new, the concept is good and I like the guys running it. Closest thing you can get to a fund run by now-retired Tom Basso.