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Top Balanced Asset Allocation Funds
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ShareToday we are featuring top-performing "Asset Allocation" balanced mutual funds, which primarily seek total return and use 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 theZacks #1 Rank Asset Allocation Balanced Funds.
3 Solid Samples
Hartford Balanced Income A A (HBLAX) seeks current income and long-term growth of capital consistent with reasonable risk. It was incepted in February 2001.
The fund seeks to achieve its investment objective by investing approximately 60% of its assets in stocks and other equity securities and approximately 40% in bonds and other debt securities rated at least Baa by Moody's or BBB by S&P or of comparable quality. While the allocation between equity and debt securities may vary, the fund will always invest at least 25% of its assets in debt securities. The fund ordinarily invests in equity securities of large companies having attractive valuations or the potential for future earnings growth.
The fund has an expense ratio of 1.25. As of July 2009, it has a portfolio turnover of 86%.
Lucius T. Hill, III has been lead manager of the fund since July 2006. Hill, III, has been with Wellington Management since 1993 and is a senior vice president with the firm.
Permanent Portfolio Fund (PRPFX) seeks to preserve and increase the purchasing power value of its shares over the long term. It was incepted in December 1982.
The funds invest a fixed target percentage of its net assets in gold, silver, Swiss franc assets, stocks of U.S. and foreign real estate and natural resource companies, aggressive growth stocks and dollar assets such as U.S. Treasury bills and bonds. The fund may invest in shares of companies of small or mid-capitalization companies.
Shareholders have to make a minimum initial investment of $1,000 to enter this Zacks #1 Rank ("Strong Buy") fund. The fund has an expense ratio of 0.84%.
Michael J. Cuggino has been lead manager of the fund since May 2003. Robertson is a vice president of T. Rowe Price Group and has been with the firm since 2002. Cuggino has been with the fund since its founding in 2002 and has held the positions of President and CEO.
Eaton Vance Emerging Mkts Loc Inc A (EEIAX) seeks total return. The fund is non-diversified and was incepted in August 2007.
The fund invests at least 80% of total net assets in securities denominated in currencies of emerging market countries, fixed income instruments issued by emerging market entities or sovereigns, and derivative instruments, denominated in or based on the currencies, interest rates, or issues of, emerging market countries.
The fund has an expense ratio of 1.25%. As of April 2009, it has a portfolio turnover of 38%.
Mark S. Venezia has been lead manager of the fund since June 2007. Venezia has been with Eaton Vance Management since 1984 and is a vice president with the firm.
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 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 HBLAX
Read the full analyst report on PRPFX
Read the full analyst report on EEIAX
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| Market Summary | Feb 10, 2012 05:48 am ET |
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