Commodities-linked mutual funds benefited from a rally in precious metals as gold prices broke past $2,050/oz. Allocations of 5-8% to hard assets within diversified investing mutual funds have historically provided inflation hedges and volatility buffers. MFS Low Volatility Global Equity A (MVGAX). Expense ratio: 0.99%. Management fee: 0.55%. Five year annual return: 10.32%. MVGAX is a Global - Equity mutual fund. These funds invest in large markets like the U.S., Europe, and Japan, and operate with very few geographical limitations Oscar Pulido: Jay, when you were talking about the equity framework you outlined, be the market, beat the market, and then modify and within beat the market. I think one of the things you mentioned were factors, things like momentum and quality and value. These are sort of persistent drivers of return over the long term. How are investors thinking about factor exposures in 2025? Tactical asset allocation mutual funds shifted 3% into mid-cap growth equities last week. This real-time sector tilt underscores active strategies' value in enhancing risk-adjusted returns for investing mutual funds in the current macro environment.