As 2014 started, U.S. markets were at peak values. Then came a disappointing January and a sharp recovery in February and March.
To see how mutual fund managers navigated such turbulence, Bloomberg Rankings found the best-performing fund in each of the top-performing categories as of March 31. For context, we provide the return over the past year, as well as the funds' largest and best-performing holdings over the quarter. Click through to see the winners.
(Correction: An earlier version of this slideshow incorrectly identified the Dreyfus Fund as one of the top-performing mutual funds in 2014's first quarter.)
Methodology: Bloomberg Rankings identified the top-performing fund in each category. Included were U.S.-domiciled retail mutual funds with a return above 7 percent in the first quarter and at least $250 million in assets. Index funds were excluded. For bond funds, best-performing holdings and performance data for top holdings weren't available.