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Top Income Equity Funds

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August 26, 2009 | Comment(s): 0
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Today we are featuring top-performing “Income" equity mutual funds, which primarily invest in equity securities of companies.

Investors can find such funds by checking out the entire list of the Zacks #1 Rank Income Equity Funds.

3 Strong Samples

Azzad Ethical Income (AEIFX) seeks current income and capital with long-term capital appreciation as a secondary consideration.

The fund normally invests at least 80% of assets in equity securities of dividend paying companies. It may invest in foreign securities and acceptable fixed income bank deposits or securities.

Aluminum Corp of China Ltd. (ACH - Analyst Report), Wyeth (WYE) and Buckle Inc. (BKE - Snapshot Report) are among the fund’s key holdings.

Pioneer Equity Income A (PEQIX) was incepted in July 1990. The investment seeks current income and long-term growth of capital.

The fund invests at least 80% of total assets in income producing equity securities of U.S. The remainder of the portfolio is invested in debt securities, most of which are expected to be convertible into common stocks.

John A. Carey has been lead manager at the fund since its inception. It has an expense ratio of 1.25%.

FAM Equity-Income (FAMEX) seeks current income as well as long-term capital appreciation.

The fund normally invests at least 80% of assets in income-producing stocks that pay dividends. It distributes dividends and capital gains annually.

Shareholders have to make a minimum initial investment of $2,000 to enter this Zacks#1 Rank (“Strong Buy”) fund. It has outstripped total returns of its benchmark index in the last year.

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 AEIFX

Read the full analyst report on PEQIX

Read the full analyst report on FAMEX

Top Mutual Funds from Zacks
 

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