MONEY's annual report on the year's most important funds.
(MONEY Magazine) - Welcome to MONEY's annual report on the year's most important funds. The 725 stock funds have combined assets in excess of $3.7 trillion and hold 87% of all the wealth in stock funds. The 275 bond entries, with $846 billion, represent 71% of bond fund dollars. To see how the funds you own--or those you are considering--fared, read on.
The Year in Review
By mid-December, stock funds had returned an average 9.4% for 2005. (Not bad, considering the five-year annual average is 3.5%.) But fund returns varied wildly, just as market results did: The S&P 500 rose by 4.9%, just half the 9.9% gain posted by international stocks. The year's big fund winners have rising oil prices to thank: Natural-resources and emerging markets funds were up 46% and 30%, respectively, and dominate the lists of top-performing stock funds on page 90. Fixed income, meanwhile, didn't fare as well. Amid continued interest-rate increases and stagnant long-term yields, the average bond fund earned only 1.7% through Dec. 15.
On the pages that follow, you'll find returns and other key information for 1,000 of the biggest stock and bond funds, a list that also includes all of the MONEY 65 actively managed and index funds. Having trouble locating a fund? Some have merged; others may simply have changed their names. Check with your fund company. For more on funds, including screening tools and news, go to cnnmoney.com/funds.
Top Performers: Stock Funds
Top Performers: Bond Funds
NOTES: Returns are through Dec. 15. Averages are for funds in Lipper's database.  Annualized. SOURCE: Lipper, New York; 877-955-4773.
• Stock Fund Peer-Group Abbreviations
AU Gold-oriented B Balanced CV Convertible securities EI Equity income EM Emerging markets EU European region FS Financial services FX Flexible portfolio GL Global GS Global small-cap/midcap GX Global flexible portfolio H Health/biotechnology I Income IF International IS Intl. small-cap/midcap JA Japanese LCC Large-cap core LCG Large-cap growth LCV Large-cap value LT Latin American MCC Midcap core MCG Midcap growth MCV Midcap value MLC Multicap core MLG Multicap growth MLV Multicap value NR Natural resources PC Pacific region RE Real estate SCC Small-cap core SCG Small-cap growth SCV Small-cap value SE Specialty diversified equity SP S&P 500 index ST Science and technology TL Telecommunications UT Utilities XJ Pacific ex-Japan
• Bond Fund Peer-Group Abbreviations
A Corporate A-rated ARM Adj.-rate mortgage AZ Arizona muni BBB Corp. BBB-rated CA California muni CAI Calif. insured muni CAT Calif. intm. muni EMD Emerging markets FL Florida muni FLX Flexible income GB General GLI Global income GM Gen. muni GNM GNMA GUS Gen. U.S. gov. GUT Gen. U.S. Treasury HM High-yield muni HY High current yield IID Intm. inv. grade IMD Intm. muni INI Intl. income IUG Intm. U.S. gov. IUT TIPS LP Loan participation MA Mass. muni MD Maryland muni MDI Insured muni MI Michigan muni MSI Multisector income NJ New Jersey muni NY New York muni NYT N.Y. intm. muni OH Ohio muni OSS Other states short-intm. muni PA Pennsylvania muni SID Short inv. grade SII Short-intm. inv. grade SIM Short-intm. muni SIU Short-intm. U.S. gov. SMD Short muni SUS Short U.S. gov. SUT Short U.S. Treasury USM U.S. mortgage USO Ultrashort obligations