Which Funds Had Big Swings in 10-Year Performance Rankings?
There have been quite a few flip-flops in this turbulent year.
Commentary
Mentioned: Templeton Global Bond A (TPINX)
, Hennessy Focus Investor (HFCSX)
, Invesco Senior Floating Rate A (OOSAX)
, Artisan International Small-Mid Investor (ARTJX)
, Arch Resources Inc (ARCH)
, Microsoft Corp (MSFT)
, Glenmede Quant US Large Cap Core Eq (GTLOX)
, American Century Focused Dynamic Gr R (ACFCX)
, Delaware Ivy Emerging Markets Equity I (IPOIX)
, Templeton Global Total Return Adv (TTRZX)
It was a turbulent year across financial markets, and a handful of mutual funds were taken for a ride in 2020 when it came to their performance rankings.
In general, fund rankings--which show a fund's performance compared with other funds in their Morningstar Categories--tend to not move much over the course of a year, especially for longer-term track records. However, dramatic reversals in markets, such as what investors experienced in 2020, can lead some funds with heavy portfolio tilts to see a sudden shift higher or lower.
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Katherine Lynch does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.