In this piece, we will take a look at the ten best mutual funds in 2023. For more mutual funds, head on over to 20 Best Mutual Funds in 2023.
10. ProFunds UltraNASDAQ-100 Fund (UOPSX)
Trailing Year to Date Return: 22.57%
ProFunds UltraNASDAQ-100 Fund (UOPSX) is part of the ProFunds fund family. It has invested 79% of its holdings in stocks, and the remainder in cash and convertibles. The fund is registered in Columbus, Ohio and it has net assets of $476 million. Some of its largest investments are in Apple Inc. (AAPL), Microsoft Corporation (NASDAQ:MSFT), and Amazon.com, Inc. (NASDAQ:AMZN).
9. Rydex NASDAQ-100 2x Strategy Fund Class C (RYCCX)
Trailing Year to Date Return: 22.70%
Rydex NASDAQ-100 2x Strategy Fund Class C (RYCCX) is a mutual fund with $480 million in net assets and is part of the Ryder Funds family. It was set up in 2004 and has around 84% of its portfolio invested in stocks.
8. Ultra NASDAQ-100 ProFunds Investor Class (UOPIX)
Trailing Year to Date Return: 22.83%
Ultra NASDAQ-100 ProFunds Investor Class (UOPIX) is a ProFunds fund that was set up in 1997. The fund has $477 million in net assets and investments in Apple Inc. (AAPL), Microsoft Corporation (NASDAQ:MSFT), and Amazon.com, Inc. (NASDAQ:AMZN).
7. Rydex Dynamic Fds, Nasdaq – 100 2x Strategy Fd Cl H (RYVYX)
Trailing Year to Date Return: 22.89%
Rydex Dynamic Fds, Nasdaq – 100 2x Strategy Fd Cl H (RYVYX) is a Rydex Funds fund and is registered in Rockville, Maryland. Roughly 84% of its portfolio is invested in stocks and the fund was set up in 2004. Most of its top investments are in large cap American technology companies.
6. Rydex Dynamic Fds, Nasdaq – 100 2x Strategy Fd Cl A (RYVLX)
Trailing Year to Date Return: 22.89%
Rydex Dynamic Fds, Nasdaq – 100 2x Strategy Fd Cl A (RYVLX) is another Rydex Fund. It has $480 million in net assets, was set up in 2004, and has allocated 84% of its portfolio to the stock market. Investments in Apple Inc. (AAPL) and Microsoft Corporation (NASDAQ:MSFT) account for more than one fifth of its stock portfolio.
5. Fidelity Select Semiconductors Portfolio (FSELX)
Trailing Year to Date Return: 27.24%
Fidelity Select Semiconductors Portfolio (FSELX) is part of the Fidelity Investments fund family. It has a whopping $7.75 billion in net assets and focuses primarily on the chip sector. The fund’s largest shareholding is in NVIDIA Corporation (NASDAQ:NVDA) which represents close to a quarter of its stock portfolio.
4. Fidelity Advisor Semiconductors Fund Class M (FELTX)
Trailing Year to Date Return: 27.37%
Fidelity Advisor Semiconductors Fund Class M (FELTX) is another semiconductor fund part of Fidelity Investments that focuses on the semiconductor industry. It has a $902 million net asset value with 97% of the portfolio invested in stocks. NVIDIA Corporation (NASDAQ:NVDA)’s shares account for more than a quarter of the stock investments.
3. Fidelity Advisor Semiconductors Fund (FELAX)
Trailing Year to Date Return: 27.44%
Fidelity Advisor Semiconductors Fund (FELAX) has $902 million in net assets and was set up in 2000. It is registered in Boston, Massachusetts, and like other Fidelity Investments semiconductor funds, has 97% of the portfolio invested in the stock market with NVIDIA Corporation (NASDAQ:NVDA) being the largest stock pick.
2. Fidelity Advisor Semiconductors Fund (FELIX)
Trailing Year to Date Return: 27.5%
Fidelity Advisor Semiconductors Fund (FELIX) is virtually similar to other Fidelity Investments semiconductor mutual funds. It was also set up in 2000 and is a dividend paying mutual fund that is registered in Boston, Massachusetts. Apart from NVIDIA Corporation (NASDAQ:NVDA) some of its other investments are in NXP Semiconductors N.V. (NASDAQ:NXPI) and ON Semiconductor Corporation (NASDAQ:ON).
1. Fidelity Advisor Semiconductors Fund Class Z (FIKGX)
Trailing Year to Date Return: 27.55%
Fidelity Advisor Semiconductors Fund Class Z (FIKGX) is a semiconductor mutual fund that focuses on financial, economic, and industry conditions to choose its investment picks. Its stock market portfolio concentration is similar to other Fidelity semiconductor funds.
Disclosure: None. You can also take a look at 10 High Growth Low Dividend Stocks to Buy and 12 Small Cap Stocks with Insider Buying.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below
