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Fund picks for 2010

Updated on December 27, 2010

The 2010 IRA portfolio

I received an E-mail from an acquaintance who suggested since I knew so much about mutual funds that I should place a portfolio of funds for an IRA for 2010 on the web. He indicated that he wished to see at year end of 2010 just how well I did. You can be rest assured I will be eating a lot of crow if this portfolio does not outperform the Standard and Poor’s 500 Index.

This portfolio is over weighted to the International area as well as the United States small cap arena. There are more concentrated portfolio funds in the 2010 portfolio than normal. I am projecting that 2010 will be a true stock pickers market. There are two specialty funds, one gold fund the other a real estate fund. These funds are kept to only five percent each. Also in this portfolio is a high yield bond fund. I seldom recommend this type of fund but I feel the time is right for a small exposure to high yield bonds. Noticeably lacking in this portfolio is significant exposure to the United States large cap sector. Large cap funds tend to do better in the later stages of an economic recovery.

2010 Fund picks

The funds are listed by percentage of a total portfolio.

All of the funds listed are no load mutual funds.

The first fund which is twenty percent of the portfolio is the Janus overseas fund symbol JAOSX. This is a five star international fund. This fund invests anywhere.

The next fund is a fund which I have owned for years and often write about its merits is the Royce Low-Priced Stock Fund Symbol RYLPX: twenty percent of the portfolio is going in this fund. This fund is up almost 13.5 percent per year over the last 15 years. This small cap fund is classified as a small cap growth fund but it’s portfolio of stocks have a definite value component.

Dropping down with fifteen percent of the portfolio is the PIMCO Low Duration Bond Fund symbol PLDDX. This is a short term bond fund which invests globally.

Seven percent of the portfolio goes to the Westcore Select Fund symbol WTSLX. This concentrated portfolio fund has an outstanding track record. This fund is classified as a mid cap growth fund but has a lot of large and small cap exposure.

Another seven percent is invested in the Lazard Emerging Markets Equity Fund symbol LZOEX. This fund invests emerging markets which could do very well in 2010.

Six percent of the portfolio is invested in the Akre Focus Fund symbol AKREX. This fund is a dark horse with a very short track record. The manager of the fund has a long track record of producing excellent results.

Five percent of the 2010 portfolio goes to the GAMCO (Gabelli) Gold fund symbol GOLDX. This is a specialty fund investing primarily in mining stocks.

Also at five percent is the Yacktman Focus Fund symbol YAFFX. This is another concentrated portfolio fund. This fund is grouped as a large value fund and most of its holdings are in the large value classification.

The Wintergreen Fund symbol WGRNX gets another five percent. This too is a concentrated portfolio fund. It is classified as a global stock fund.

Five percent of this portfolio is allocated to the Artio Global High Income symbol BJBHX. This fund is a high yield or often known as junk bond fund.

The last fund is the CGM Realty fund symbol CGMRX with five percent of the portfolio. This is a specialty fund investing in Real Estate Investment Trusts.

How well will this portfolio perform? In January 2011 we shall see! For the latest performance data on this portfolio please visit my mutual fund blog.

It is mid October with this update. The S&P 500 is up almost 7 percent year to date. The 2010 portfolio is up close to 16 percent. Look for my 2011 portfolio  in December.

2010 fund picks


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    • eovery profile image

      eovery 8 years ago from MIddle of the Boondocks of Iowa

      I like overseas funds. I have one that has done me well.

      Keep on hubbing!