Andrew Shilling

The size of their returns during the past decade belie their negative yields so far this year.

None of the leading 20 funds with a 50% to 70% equity allocation beat the gains of broader stock indexes over the past 10 years.

Not only do the 20 funds in this ranking outperform broader markets, it may be "where investors will excel going forward," according to one expert.

Outsized returns over the long- and- short-term planning horizons come with some caveats.

"The successful long-term players have the long-term tech driven trends right, and COVID just accelerated and magnified the trends," an expert says.

The long-term leaders carry fees more than twice the broader industry.

Despite long-term outperformance, many of the leading 20 have suffered short-term losses.

“Some assets are cheap for a reason,” an expert says.

Of the 50 biggest metro areas in the U.S., these were the lowest ranked for advisor pay, a study shows.

Home to more than $3 trillion, outperformance among the leaders comes with some caveats.