5 Top-Performing Mutual Funds for 10 Years

3. VALIC Company I Nasdaq-100 Index Fund (NASDAQ:VCNIX)

Ten-Year Gain: 18.24%
MorningStar Rating: 5 Star

VALIC Company I Nasdaq-100 Index Fund (NASDAQ:VCNIX) is another five-star mutual fund, according to MorningStar ratings, that strives to generate long-term capital growth. It invests most of its holdings in large-cap companies focusing on those listed on the Nasdaq 100 index.

Given that it invests nearly 80% of its assets in stocks in the Nasdaq 100, its performance tends to align with that of the benchmark index. Microsoft Corporation (NASDAQ:MSFT) stock remains its biggest holding in the index, followed by Apple Inc. (NASDAQ:AAPL) and Amazon.com, Inc. (NASDAQ:AMZN). It also boasts of holdings in NVIDIA Corporation (NASDAQ:NVDA) and Meta platforms. The five stocks account for 42% of the mutual fund portfolio.

With nearly half of its holding in some of the biggest tech companies explains, the fund’s strong performance depicted by 42.50% year-to-date gain. Additionally, the fund has an average 18.24% return over the past ten years.