Fund performance

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

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

Aside from their rock-bottom fees, those with the largest gains have at least one commonality: asset allocation.

The lineup of exclusively short-duration fixed-income products, taxable and municipal, still managed an overall gain.

Investors betting on a post-pandemic world are sending cash to riskier companies acutely sensitive to the economic cycle.

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

Investors are pouring money into U.S. listed products as stocks continue to reach all-time highs and the economic recovery heats up.

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

Everything from corporate earnings and inflation expectations to valuation gaps suggest the market rotation has only just begun.

The 20 funds in this ranking shed more than $793 billion over the period.