California Securities Fraud Attorney Call Today 800-699-1881
California Securities Fraud Lawyer Firm Overview Attorney Profiles Recoveries Obtained Frequently Asked Questions Testimonials Contact Us
information center
Attorney Advertising Disclaimer
Securities
Broker Misrepresentation
Brokerage Firms Sued
FINRA
Structured Products
Hedge Fund Losses
Recognizing Investment Losses
Recovery of Investment Loss
Securities Arbitration
Reverse Convertible
Misconduct
Securities Fraud
Securities Mediation
Securities Litigation
Stock/ Investment Losses
Suitability/ Unsuitability
Unauthorized Trading
Common Claims
Products
Frequently Asked Questions
Attorney Referrals
Video Center
securities fraud blog
legal blog Click here for a free case evaluation. Read our Articles on Securities Related Issues here. have a question resources
contact us
Name:
Email:
Phone:
Are you a new client?
Message:
10 Avvo avvo badge
If you need help recovering your losses contact us today. View our complete list of brokerage firms and banks we've sued.

Poorly Performing Mutual Funds Place Money Managers in Jeopardy

The 10 worst performing mutual funds for the past three years represent a variety of investment options that have underperformed their benchmarks, leading to situations in which investors have paid continued money management fees for poor performance.

According to BankInvestmentConsultant, these are the 10 worst-performing mutual funds over the past three years, as measured on an annualized basis and compared to the funds' benchmarks:

Rank

Name

Symbol

3-Year Return

Below Benchmark

Expense Ratio

Total Assets (Millions)

10

Neuberger Berman Long Short

NLSAX

2.27%

-7.86%

1.69%

$2,791

9

Invesco Energy

IENAX

-18.54%

-8.39%

1.26%

$650

8

Catalyst Hedged Futures Strategy

HFXAX

-2.57%

-9.02%

2.17%

$2,436

7

MFS Utilities

MMUFX

1.86%

-10.35%

0.99%

$4,033

6

Ivy Science And Technology

WSTAX

6.12%

-10.78%

1.30%

$4,059

5

Virtus Equity Trend

VAPAX

-1.48%

-11.31%

1.50%

$592

4

Waddell & Reed Science & Tech

UNSCX

5.53%

-11.37%

1.27%

$3,531

3

AB All Market Real Return

AMTAX

-8.34%

-12.91%

1.30%

$1,423

2

Marketfield

MFADX

-4.70%

-14.83%

1.83%

$509

1

Pimco StocksPlus Short

PSSAX

-9.25%

-19.38%

1.04%

$2,284

This is not Ivy's first time on such a poor-returns list. In 2016, we reported Ivy High Income C (WRXHIX) as the worst-performing high-yield bond fund of the 10 largest and ranked by poorest one-year return percentage. Also on that list was PIMCO High Yield Instl (PHIYX); Pimco appears as the overall worst-performer in Pimco StocksPlus Short (PSSAX; 19.38% below benchmark).

In 2015, FINRA sanctioned former Edward Jones broker Dalas Lee Gundersen of Willows, CA for unsuitable investment recommendations and excess concentration related to investments in a related Invesco (#9) product.

Also in 2015, the SEC issued a cease-and-desist order against Virtus Investment Advisers (Virtus Equity Trend is #5) related to its mutual fund business.

If you have invested with any broker or financial adviser whose recommendation of one of the aforementioned 10 worst performing mutual funds was unsuitable given your investments objectives and risk tolerance preferences, or has over concentrated such a position in your portfolio, and this misconduct has proven harmful to your investments or interests, please call The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.

Categories: Mutual Funds, Risk, Disclosure
accolades
The Law Offices of Jonathan W. Evans & Associates - California Securities Fraud Attorney
Located at 12711 Ventura Boulevard, Suite #440 Studio City, CA 91604. View Map
Phone: (800) 699-1881 | Local Phone: (818) 760-9880.
Website: