Active management

The top 20 performers nearly doubled the gains of their peers over the period.

The 20 mutual funds in this ranking outpaced broader markets over the past year with an average gain of more than 68%.

Selective bets on undervalued stocks are paying off as unloved value and cyclical strategies fall into favor.

Over the past year, the 20 mutual funds in this ranking have an average gain of more than 100%. Their fees are also more than twice the broader industry.

ARKK, along with other funds in her lineup, is in the green after logging its longest stretch of losses since the COVID 19-spurred meltdown last year.

This group carried fees nearly three times the industry average.

Spooked by rising bond yields, traders punished the pricier parts of the equity market last week, including many of the fund's top holdings.

Funds at the top have notched triple digit returns in the last year.

The 20 funds in this ranking carried an average expense ratio of more than twice the broader industry.

The fund has returned about 42% since its April 7 launch compared to an 8.9% gain for its benchmark over the same period.