The 100 Best Mutual Funds for the Long Term

Using our exclusive U.S. News Score, we've compiled the best performers in popular fund categories.

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When it comes to choosing a mutual fund, there's nothing better than a solid track record. After the market's swoon during the financial crisis, and its subsequent bounce back, funds with long-term results and trusted reputations are still the ones being sought out aggressively by investors who got burned by shortsighted bets during less-stressful economic times.

Using our exclusive U.S. News Score, we've compiled lists of the best long-term performers in some of the most popular fund categories. We chose funds with positive 10-year trailing returns and, for stock funds, names that beat the S&P 500 over that time frame.* Funds are ordered according to their U.S. News Scores as of the end of the first quarter. Our score is based on the ratings of some of the mutual fund industry's best-known analysts, including Morningstar, Lipper, Standard & Poor's, TheStreet, and Zacks. In the name of affordability, funds also have minimum investments of $25,000 or less.

Learn more about the U.S. News Score, our methodology, and all of your mutual fund investing options at www.usnews.com/funds.

LARGE-CAP VALUE

Fund Name Total Net Assets ($ mil.) 3-year return 5-year return 10-year return Morningstar Risk Rating Expense Ratio
The Yacktman Fund 2,005 8.9% 8.5% 13.6% Above Average 0.93%
Van Kampen Growth and Income 6,883 -2.5% 3.4% 4.4% Below Average 0.88%
California Investment Equity Income 22 -2.7% 3.1% 3.1% Below Average 0.97%
Amana Trust Income 1,134 2.2% 7.7% 6.1% Low 1.32%
Valley Forge 11 3.2% 5.2% 6.0% Low 1.37%
Forester Value 101 4.5% 4.2% 5.6% Low 1.35%
SunAmerica Focused Dividend Strategy 225 2.1% 5.3% 6.5% Above Average 0.94%
Prudential Jennison Equity Income 222 -0.7% 4.8% 3.5% Above Average 2.15%
Auxier Focus 108 1.1% 4.4% 6.2% Low 1.35%
Homestead Value 524 -5.0% 2.9% 5.6% Average 0.80%

See more large-value funds

LARGE-CAP GROWTH

Fund Name Total Net Assets ($ mil.) 3-year return 5-year return 10-year return Morningstar Risk Rating Expense Ratio
The Jensen Portfolio 2,540 1.2% 3.2% 3.3% Low 0.86%
Franklin Growth 3,541 0.3% 5.2% 2.3% Below Average 1.00%
Lou Holland Growth 52 1.2% 2.4% 0.5% Below Average 1.35%
Vanguard Capital Opportunity 8,875 2.0% 7.0% 3.6% Above Average 0.50%
Prudential Jennison 20/20 Focus 2,598 0.7% 7.8% 4.3% Average 1.20%
Fidelity Contrafund 66,475 -0.2% 5.4% 3.0% Low 1.01%
FMI Provident Trust Strategy 121 2.2% 6.7% 0.9% Low 1.00%
Madison Mosaic Investors 41 -1.6% 1.7% 2.5% Below Average 1.00%
Buffalo Large Cap 37 -0.5% 3.7% 0.9% Above Average 1.09%
American Funds AMCAP 19,648 -1.1% 3.3% 2.4% Below Average 0.71%

See more large growth funds

FOREIGN LARGE-CAP BLEND

Fund Name Total Net Assets ($ mil.) 3-year return 5-year return 10-year return Morningstar Risk Rating Expense Ratio
Sextant International 116 1.8% 8.7% 4.0% Below Average 1.13%
Fidelity Canada 3,967 3.4% 10.1% 10.6% High 1.13%
Ivy International Core Equity 716 -1.0% 9.0% 4.6% Average 1.64%
Vanguard International Growth 16,325 -3.4% 6.2% 2.1% Above Average 0.53%
Manning & Napier World Opportunities 5,694 -2.4% 7.8% 7.4% Average 1.17%
Scout International 5,695 -0.9% 7.7% 4.6% Low 1.02%
Thornburg International Value 18,206 -1.2% 8.0% 6.2% Low 1.34%
American Funds EuroPacific Growth 95,409 -1.2% 7.9% 3.3% Below Average 0.80%
Vanguard Total International Stock Index 27,194 -4.8% 5.6% 2.5% Above Average 0.27%
Vanguard Tax-Managed International 6,178 -6.7% 4.0% 1.4% Average 0.20%

See more foreign large-cap blend funds

SMALL-CAP BLEND

Fund Name Total Net Assets ($ mil.) 3-year return 5-year return 10-year return Morningstar Risk Rating Expense Ratio
Royce Micro-Cap 1,182 -0.5% 7.9% 10.7% Above Average 1.54%
Fidelity Small-Cap Stock 4,009 1.4% 6.3% 6.9% Above Average 0.95%
T. Rowe Price Small-Cap Stock 5,194 -1.1% 4.7% 6.4% Below Average 0.95%
Royce Heritage 233 0.2% 8.1% 8.5% Above Average 1.42%
First Focus Small Company 65 1.2% 6.3% 9.2% Low 1.43%
Lazard US Small-Mid Cap Equity 82 -0.9% 4.2% 7.5% Below Average 1.51%
Lord Abbett Small-Cap Value 3,548 2.0% 8.5% 12.0% Below Average 1.24%
Royce Pennsylvania Mutual 5,460 -2.0% 4.8% 10.1% Below Average 0.92%
FMI Focus 434 2.3% 6.6% 4.8% Above Average 1.40%
Neuberger Berman Genesis 10,009 1.1% 5.7% 10.8% Low 1.08%

MID-CAP BLEND

Fund Name Total Net Assets ($ mil.) 3-year return 5-year return 10-year return Morningstar Risk Rating Expense Ratio
The Westport Fund 293 2.3% 6.6% 6.8% Below Average 1.31%
Fidelity Low-Priced Stock 30,336 -1.1% 5.1% 11.4% Below Average 0.98%
Aston/Optimum Mid Cap 1,573 3.9% 7.6% 10.2% High 1.20%
FMI Common Stock 941 2.5% 7.8% 10.4% Below Average 1.26%
Westport Select Cap 866 -0.1% 5.2% 6.2% Below Average 1.31%
Ariel Appreciation 1,566 0.0% 3.7% 8.3% Average 1.25%
Invesco Mid Cap Core Equity 2,575 1.4% 5.3% 5.8% Low 1.24%
Dreyfus Mid-Cap Value 1,314 1.6% 6.4% 8.0% High 1.22%
California Investment S&P Mid-Cap Index 127 -1.5% 4.5% 5.7% Average 0.58%
Dreyfus Mid-Cap Index 2,101 -1.2% 4.8% 5.6% Average 0.50%

See more mid-cap blend funds

LARGE-CAP BLEND

Fund Name Total Net Assets ($ mil.) 3-year return 5-year return 10-year return Morningstar Risk Rating Expense Ratio
Fairholme 14,383 6.5% 10.1% 14.1% Above Average 1.00%
Parnassus Equity Income 2,933 4.3% 7.0% 6.1% Low 0.99%
Madison Mosaic Disciplined Equity 44 -0.5% 3.1% 3.3% Low 0.96%
Oakmark Fund 3,511 0.0% 3.6% 7.3% Above Average 1.23%
Payson Total Return 38 -1.0% 2.5% 3.0% Below Average 1.77%
Van Kampen Exchange 57 1.9% 5.2% 1.0% Above Average 0.52%
Mairs & Power Growth 2,027 -0.7% 3.2% 7.7% Below Average 0.71%
Manning & Napier Tax Managed 38 -1.3% 5.4% 4.7% Average 1.20%
Croft Value 238 -1.2% 5.5% 4.6% High 1.46%
Henssler Equity 152 -1.0% 2.6% 2.1% Below Average 1.29%

See more large-cap blend funds

DIVERSIFIED EMERGING MARKETS

Fund Name Total Net Assets ($ mil.) 3-year return 5-year return 10-year return Morningstar Risk Rating Expense Ratio
Delaware Emerging Markets 865 7.1% 14.8% 13.9% Low 1.91%
JPMorgan Emerging Markets Equity 1,038 5.0% 15.1% 10.0% Below Average 1.85%
Oppenheimer Developing Markets 12,436 8.5% 17.8% 14.3% Below Average 1.43%
Vanguard Emerging Markets Stock Index 37,440 5.0% 14.8% 10.4% Average 0.40%
Lazard Emerging Markets Equity 13,727 6.3% 16.9% 12.0% Average 1.55%
RS Emerging Markets 1,704 7.2% 18.2% 11.4% Above Average 1.61%
Bernstein Emerging Markets 2,054 2.7% 12.8% 13.3% Average 1.48%
Dreyfus Emerging Markets 990 5.8% 14.1% 12.2% Low 2.00%
Invesco Developing Markets 1,375 4.4% 17.7% 10.5% Average 1.66%
Driehaus Emerging Markets Growth 592 3.5% 17.6% 10.5% Average 1.75%

See more diversified emerging markets funds

INTERMEDIATE MUNICIPAL BOND

Fund Name Total Net Assets ($ mil.) 3-year return 5-year return 10-year return Morningstar Risk Rating Expense Ratio
American Century Tax-Free Bond 1,811 4.5% 4.3% 4.9% Below Average 0.49%
Marshall Intermediate Tax-Free 282 6.0% 4.8% 5.0% Below Average 0.55%
Invesco Tax-Free Intermediate 1,745 5.5% 4.3% 4.7% Low 0.44%
Legg Mason WA Intermediate-Term Muni 1,911 4.6% 4.3% 4.7% Low 0.68%
T. Rowe Price Summit Municipal Intermediate 1,275 4.8% 4.5% 5.0% Below Average 0.50%
Schwab Tax-Free Bond 360 4.7% 4.3% 5.5% Average 0.49%
Dreyfus/Standish Intermediate Tax-Exempt Bond 107 4.5% 4.2% 4.7% Below Average 0.45%
USAA Tax-Exempt Intermediate-Term 2,853 3.9% 4.1% 5.0% Above Average 0.45%
Vanguard Intermediate-Term Tax-Exempt 28,012 4.4% 4.3% 4.9% Average 0.20%
Vanguard High-Yield Tax-Exempt 6,550 3.3% 4.1% 5.2% High 0.20%

SHORT-TERM BOND

Fund Name Total Net Assets ($ mil.) 3-year return 5-year return 10-year return Morningstar Risk Rating Expense Ratio
Lord Abbett Short-Duration Income 6,375 7.3% 5.6% 5.2% Above Average 0.68%
Thompson Plumb Bond 244 9.4% 7.2% 7.0% High 0.75%
Weitz Short-Intermediate Income 671 6.5% 5.3% 5.7% Average 0.69%
MassMutual Premier Short-Duration Bond 411 6.0% 5.3% 5.2% Average 0.56%
Delaware Limited-Term Diversified Income 1,758 7.2% 5.7% 5.6% Average 0.84%
USAA Short-Term Bond 1,512 5.6% 5.1% 4.1% Average 0.72%
Vanguard Short-Term Investment-Grade 35,812 4.9% 4.8% 5.0% Average 0.21%
Homestead Short-Term Bond 265 5.7% 5.1% 4.8% Average 0.80%
T. Rowe Price Short-Term Bond 4,679 5.1% 4.6% 4.9% Below Average 0.55%
Virtus Multi-Sector Short-Term Bond 2,636 5.5% 5.2% 6.0% High 1.12%

See more short-term bonds

INTERMEDIATE-TERM BOND

Fund Name Total Net Assets ($ mil.) 3-year return 5-year return 10-year return Morningstar Risk Rating Expense Ratio
TCW Total Return Bond 5,556 8.9% 7.5% 7.7% Below Average 0.44%
TCW Core Fixed Income 230 9.2% 6.9% 6.9% Average 0.44%
Delaware Diversified Income 6,739 9.0% 7.6% 9.2% Above Average 0.97%
USAA Income 2,464 6.5% 5.6% 6.3% Above Average 0.65%
Harbor Bond 6,816 8.9% 7.0% 7.4% Average 0.57%
Managers PIMCO Bond 1,229 8.7% 6.9% 7.4% Above Average 0.58%
Dodge & Cox Income 20,653 6.9% 6.0% 6.8% Average 0.43%
Vanguard Intermediate-Term Investment Grade 14,245 6.0% 5.4% 6.5% Above Average 0.21%
T. Rowe Price New Income 10,477 6.9% 5.9% 6.3% Average 0.67%
Earnest Partners Fixed Income 17 6.8% 5.9% 6.2% Average 0.40%

See more intermediate-term bonds

* Trailing return, total net assets, expense ratio, and Morningstar Risk Rating data are as of the end of the first quarter. Returns are annualized. Mutual funds data and categories provided by Morningstar.