If you're considering mutual funds for your investment portfolio or retirement account, this list highlights the best large-cap stock funds to consider now, based on each fund outperforming the S&P 500 over the past one-, three-, five- and 10-year periods.
Shaded cells in the table below indicate the best-of-the-best funds based on 10-year performance. Of 697 large-cap stock funds at least 10 years old, 12 of them, or just under 2%, won IBD Best Mutual Funds 2024 awards.
Large-cap stocks are shares of companies with a market capitalization value of more than $10 billion. Generally, large, established companies are considered safer investments than smaller companies.
For more details, read about how the best mutual funds deliver benchmark-beating returns, and see the full 2024 list of IBD's Best Mutual Funds in every category, including bond funds, diversified stock funds, blend and index funds, and breakouts of midcap and small-cap funds.
All returns are as of Dec. 31, 2023.
Best Large-Cap Stock Funds
| Fund | Symbol | 1-year total return | 3-year average annual return | 5-year average annual return | 10-year average annual return | Morningstar category | Annual report net expense ratio |
|---|---|---|---|---|---|---|---|
| Benchmark: S&P 500 | 26.29% | 10% | 15.69% | 12.03% | |||
| Federated Hermes MDT Large Cap Growth IS | QILGX | 39.62 | 11.09 | 20.14 | 13.92 | US Fund Large Growth | 0.74% |
| JPMorgan U.S. GARP Equity I | JPGSX | 42.03 | 10.45 | 17.32 | 13.52 | US Fund Large Growth | 0.59 |
| GMO Quality IV | GQEFX | 30.06 | 11.68 | 16.82 | 13.48 | US Fund Large Blend | 0.45 |
| Elfun Trusts | ELFNX | 34.49 | 10.23 | 17.82 | 12.89 | US Fund Large Growth | 0.18 |
| Pear Tree Quality Ordinary | USBOX | 29.22 | 11.45 | 16.59 | 12.82 | US Fund Large Blend | 1.19 |
| Cantor Growth Equity A | FICGX | 28.68 | 10.41 | 16.46 | 12.62 | US Fund Large Growth | 1.17 |
| Goldman Sachs Flexible Cap Institutional | GILLX | 28.36 | 10.58 | 16.71 | 12.47 | US Fund Large Blend | 0.59 |
| T. Rowe Price U.S. Equity Research | PRCOX | 29.8 | 10.49 | 16.44 | 12.39 | US Fund Large Blend | 0.45 |
| JPMorgan US Large Cap Core Plus I | JLPSX | 29.82 | 10.98 | 17.49 | 12.21 | US Fund Large Blend | 1.54 |
| JHancock Fundamental All Cap Core I | JFCIX | 34.78 | 10.37 | 18.56 | 12.19 | US Fund Large Blend | 0.83 |
| Putnam Core Equity Fund Y | PMYYX | 27.99 | 12.08 | 17.03 | 12.15 | US Fund Large Blend | 0.73 |
| BNY Mellon Large Cap Securities Inc | DREVX | 31.06 | 11.05 | 17.1 | 12.09 | US Fund Large Growth | 0.71 |
Sources: IBD, Morningstar Direct
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