The Individual Investor’s Guide to the Top Mutual Funds 2026

• Learn about 2025 mutual fund performance trends

• Understand which fund categories led and lagged in 2025

• Discover industry changes and how to use AAII’s mutual fund guide

Last year continued three trends we saw in 2023 and 2024. First, most mutual fund categories realized gains in 2025.

Second, equity funds saw further outflows. Investors, on balance, withdrew dollars from both domestic and foreign mutual funds throughout 2025.