The top mutual funds in 2013 were large-company stock funds, mid-sized company stock funds and small-company stock funds, as stated by Kiplinger. Other top mutual funds included hybrid, global stock, diversified market, sector funds and alternative funds.
The large-company stock funds included examples such as Vanguard Capital Opportunity, Donald Yacktman's funds and Bill Nygren. Bill Nygren had about 28 percent of its assets in financial stocks. The midsize company stock funds included company such as Bill Miller, which had dominated the market for over 15 years but experienced losses during the financial crisis. Legg Mason Opportunity topped the chart followed by Akre Focus and Primecap Odyssey Aggressive Growth under a low-key Los Angeles firm closed the list.
In small-company stock funds, the standouts included Bogle Small Cap Growth and T. Rowe Price New Horizons. The latter has been the market leader since 2009.
About 60 percent of large caps mutual funds underperformed. For mid-caps and small caps funds, it was just over 69 percent and 64 percent, respectively, as stated by Forbes.