witek owodun (witekowodun516)

There is a plethora of mutual funds out there that promise to work wonders for your portfolio. However, choosing among them can be a little difficult if you are not aware of the basic concept and working of mutual fund companies. Mutual funds are a good investment option for people of all age groups, especially those who have just landed a job. A mutual fund is a collective investment vehicle which pools individual investments and creates a portfolio of securities. The returns from this are given back to the investors after the expenses of the fund are accounted for. The said portfolio is managed by a group of elite fund managers whose job it is to track the movement of the stock market, the value of the investments and find new avenues to invest. The total assets managed by a fund are called Assets Under Management or AUM, the total value of a funds holdings divided by the number of shares outstanding are termed Net Asset Value or NAV, this is the price at which one unit of a fund can be purchased or redeemed by investors. So which are the funds that you should opt for in order to make your portfolio better. Let's take a look at some of the most promising funds for 2013.Wells Fargo Advantage Core Builder Series MHaving performed well in 2012 with a healthy 1-year return of over 9%, this fund by Wells Fargo seems to be well-poised for some good results in 2013 as well. It is primarily focused on the municipal bond market with 60% of its assets invested in municipal securities which are exempt from federal income tax. The remaining assets are divided between low-grade municipal securities and corporate debt securities.Total AUM: $53.99 MillionNAV: $11.71Loads if any: NoneCompany: Wells FargoPrimary Asset Allocation: Bonds (91%) YTD returns : 1.30%1-year: 9.83% 3-years: 10.41%5-years: N/A Rating: ★★★★★Top 5 Holdings➤ Puerto Rico Electric Power Authority ➤ Tennessee Energy Acquisition C Gas R ➤ Houston Tx Airport System Rev Sub Lien ➤ 10yr Us Treasury Note Futures Mar13 Xcbt ➤ Texas Mun Gas Acquisition