We went hunting for disappointments and mishaps and found seven funds that stand out. Moral: Don’t pay for halos. MainStay MacKay Government (MCSGX)This fund (mercifully closed to new investors) owns Treasury and government agency paper. Mystifyingly, the fund’s shares trade at a 16% premium to their portfolio value. Switching to the cheaper index fund would bring a large bill from the IRS.

Source: Forbes September 12, 2018 18:05 UTC