Top No Load Mutual Funds - Insightful Investing Newsletter - July 2003


	Top No-Load Mutual Funds Model Portfolios

	Every Quarter We Update Our Model Portfolios of Best Performing No-Load Mutual Funds, Fidelity Mutual Funds, and Vanguard Mutual Funds. Besides possible changes in Asset Allocation, we let you know of any new funds to buy for your portfolio, or previous funds to sell from your portfolio. Here are our portfolios for July of 2003.

Fidelity Investments			Return %		Conservative		Insightful
Fund Name	Symbol	Type	YTD	3 Yr	Taxable	IRA/401K	Taxable	IRA/401K
Short-Term Bond or	FSHBX	STB	2.38	7.15	20%	20%	20%	20%
Spartan Short-Interm Muni	FSTFX	STMB	1.02	5.23	20%		20%
Mortgage Securities	FMSFX	IGB	1.53	8.39	10%	10%	10%	10%
Real Estate Investments	FRESX	RE	14.83	13.26	10%	10%	10%	10%
Diversified International	FDIVX	Intl	13.87	-5.63	10%	10%	10%	10%
Equity-Income II	FEQTX	LCV	17.17	0.41	10%	10%	10%	10%
Mid-Cap Stock	FMCSX	MCG	15.81	-8.98	5%	5%	5%	5%
Value	FDVLX	MCV	18.17	9.19	5%	5%	5%	5%
Low-Priced Stock	FLPSX	SCB	17.60	15.34	10%	15%	15%	20%
Cash Reserves or	FDRXX	MM	0.56	2.97	20%	15%	15%	10%
Spartan Muni Money Mkt	FIMXX	TEMM	0.51	2.04	20%		15%
					100%	100%	100%	100%

Vanguard			Return %		Conservative		Insightful
Fund Name	Symbol	Type	YTD	3 Yr	Taxable	IRA/401K	Taxable	IRA/401K
Short-Term Corp	VFSTX	STB	3.01	7.12	20%	15%	15%	10%
Ltd-Term Tax-Ex	VMLTX	STMB	1.08	5.15	20%		15%
GNMA	VFIIX	IGB	1.09	8.39	10%	10%	10%	10%
REIT Index	VGSIX	RE	18.93	12.78	10%	10%	10%	10%
International Value	VTRIX	Intl	18.80	(5.46)	10%	10%	10%	10%
U.S. Value	VUVLX	LCV	12.55	2.43	10%	10%	10%	15%
Strategic Equity	VSEQX	MCC	22.37	3.90	10%	10%	15%	15%
Explorer	VEXPX	SCG	21.37	(5.62)	10%	15%	15%	15%
Prime Money Mkt or	VMMXX	MM	0.62	3.03	20%	15%	15%	10%
Tax Exempt Money Mkt	VMSXX	TEMM	0.62	2.15	20%		15%
					100%	100%	100%	100%

All Funds Model Portfolio			% Return		Conservative		Insightful
Fund Name	Symbol	Type	YTD	3 Yr	Taxable	IRA/401K	Taxable	IRA/401K
PIMCO Low Duration	PLDDX	STB	3.01	7.07	10%	10%	10%	10%
PIMCO Total Return Mortgage	PTMDX	IGB	1.71	9.27	10%	10%	10%	10%
Westcore Flexible Income	WTLTX	HYB	13.78	6.87	10%	10%	10%	10%
Third Ave Real Estate Value	TAREX	RE	15.60	15.79	10%	10%	10%	10%
Oakmark International	OAKIX	Intl	11.64	0.85	0%	5%	5%	5%
Julius Baer International Equity	BJBIX	Intl	8.71	(8.60)	5%	5%	5%	5%
Oakmark I	OAKMX	LCV	22.37	9.36	10%	10%	10%	10%
ABN Amro Mid Cap N	CHTTX	MCC	21.86	6.56	5%	5%	5%	5%
Yacktman	YACKX	MCV	13.87	21.33	5%	5%	5%	5%
Royce Micro-Cap Inv	RYOTX	SCC	25.49	9.92	5%	5%	5%	5%
RS Partners	RSPFX	SCC	33.00	23.45	5%	5%	5%	5%
Wasatch Small Cap Growth	WAAEX	SCG	18.39	5.70	0%	5%	5%	5%
Royce Special Equity	RYSEX	SCV	10.81	21.60	5%	5%	5%	5%
Your Brokerage Money Mkt		MM	n/a	n/a	20%	10%	10%	10%
or Tax Exempt Money Mkt		TEMM			20%		10%
					100%	100%	100%	100%

Asset Allocations For Third Quarter 2003
As we said in our fund review, interest rates have almost no place to go but up, so we are planning for interest rates to be higher by this time next year. That being said, you should place any new investments intended for bonds into Short-Term Bonds or Short-Term Municipal Bonds in your taxable accounts if you are in tax brackets above 25%. There is not a lot of difference in the performance of bond funds of similar styles, especially with short term funds, so we suggest you stay with the ones offered by your fund family or brokerage if there is one available. If you do not have that option, we have a couple of choices that should work well for you. While it is still reasonable to hold some money in Intermediate Bond Funds, it is not too early to move some of your bond assets into Short Term Bonds to get a head start on rising rates. If you need more income than these funds will generate, we suggest you move some of that money into Real Estate Funds which have similar yields to Intermediate Bonds, but are more likely to hold their value as interest rates rise.

Need help finding what you are looking for? Search our web site or the Internet.

[Home] [Jul 2003] [Jul 2003 Pg 2] [Jul 2003 Pg 3]

© Copyright 2003 - 2008 Insightful Ideas, Inc.

Site Updated August 16, 2008