Investment adviser Doug Fabian warned investors of load funds in his most recent installment of his
Fabian, editor of the 26-year old investment advisory service, Successful Investing, publishes the list once a quarter. To make the list, a lemon must trail its benchmark by 25% for the past 12 months and underperform for the past three- and five-year periods.
The 601 funds on the list total $137 billion in assets under management.
The Janus Worldwide Fund made its lemon debut but also shot right up to the top slot of the list. In less than three years the fund has dropped $31 billion, or 73.5% of its total asset value.
Also making the top 10 list were Oppenheimer Rochester Fund Municipals, Fidelity Advisor Equity Growth, AIM Premier Equity B, American Express Financial AXP Bond A, Vanguard LS Growth, Prudential Growth, MFS Capital Opportunities, AIM Balanced Fund and the Oppenheimer Capital Income.
