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!