10 Best Mutual Funds Of July 2023 (Forbes)"A first-rate mutual fund portfolio is diversified and holds funds that focus on U.S. stocks and bonds as well as foreign and global securities. It offers both growth and value stocks, of all different sizes by market capitalization. Some holdings are passively managed funds, others are active funds. Every fund plays a role. Most importantly, it tilts toward low-fee funds, since that helps to boost returns."