More than $3.3 million
Chevron (NYSE: CVX), AT&T (NYSE: T), United Technologies (NYSE: UTX)
T. Rowe Price Equity Income (PRFDX)
1.1%
More than $1 million
ExxonMobil (NYSE: XOM), JPMorgan Chase (NYSE: JPM)
Source: Morningstar, fund company disclosures.
As you can see, these funds have held up relatively well in a market that lost money over the past decade.
Follow the true leader Granted, when things go badly for a fund, it won't necessarily make you feel much better that your fund managers lost money with you. But just maybe the added incentive of having their own money at risk will push your managers to perform just a little bit better -- and perhaps avoid pitfalls that would ensnare less careful managers.
So when you're researching a fund, take a close look to make sure you're not walking into a lion's den of conflicts of interest. If your fund manager owns a good-sized stake in your fund, you can feel more confident that you're making the smart choice.
Dan Caplinger is a contract writer for The Motley Fool.
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