Sponsored Links 
Top Balanced Asset Allocation Funds
Print
ShareToday we are featuring top-performing "Asset Allocation" balanced mutual funds, which primarily seek total return and uses an optimization model to choose the best way to distribute assets among various classes.
Investors can find such funds by checking out the entire list of the Zacks #1 Rank Asset Allocation Balanced Funds.
3 Well-balanced Picks
Columbia LifeGoal Income A (NLFAX) was incepted in September 2003. The investment seeks current income, consistent with relative stability of principal.
The fund actively allocates its assets among fixed income and income-oriented equities, convertibles and REITs by investing in Columbia Funds and individual securities. It is designed to be part of a fixed-income portfolio to enhance returns in all interest rate environments.
Anwiti Bahuguna has been lead manager at the fund since February 2009. The fund has an expense ratio of 0.67%.
Hartford Income Allocation A (HINAX) seeks current income and, as a secondary objective, capital preservation. It typically invests in a combination of fixed income funds.
The fund uses a "fund-of-funds" approach, investing in a diversified group of the Hartford mutual funds, known as underlying funds. It may invest in funds with varying credit quality.
Unit holders have to make a minimum initial investment of $1,000 to enter this Zacks#1 Rank ("Strong Buy") fund. The fund declares and pays income dividends periodically and distributes net capital gains, if any, annually.
ING Index Plus LargeCap Equity IX A (IXSAX) seeks to outperform the total return performance of the S&P 500 index, while maintaining a market level of risk.
The fund normally invests at least 80% of net assets in stocks that are part of the S&P 500 index. It may invest in derivative instruments, including but not limited to futures contracts and options.
The fund's top holdings include ExxonMobil Corp. (XOM - Analyst Report), Procter & Gamble Co. (PG - Analyst Report) and General Electric Co. (GE - Analyst Report)
Discover Many More Funds
Learn more about the new Zacks Mutual Fund Rank and discover some of the best market-beating mutual funds by browsing our new mutual funds section. This part of Zacks.com offers a variety of tools, including mutual fund research, a new mutual fund screener, helpful answers to frequently asked questions and quick access to prospectuses and other information.
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward.
Read the full analyst report on NLFAX
Read the full analyst report on HINAX
Read the full analyst report on IXSAX
Loading Stories...
|
||||||||||||||
More Zacks Resources
More Zacks Links
| Market Summary | May 25, 2012 14:44 pm ET |
-105.39