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Investors focusing on income generating investments should attempt to diversify portfolio risk and increase the prospects of steady income flows by holding securities from different asset classes, such as dividend-paying equity securities. These securities provide a steady income stream and additional diversification since their value is not dependent on the particular industry they represent. Regular dividends also reduce the negative impact of falling stock prices. Equity mutual funds offer a cheaper and convenient option for investors looking to enter this category.
Below we will share with you the 5 highest yielding Zacks #1 ranked equity funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all equity funds, then click here.
|DWS RREEF Global Real Estate Securities
|Franklin Gold and Precious Metals
|ING MFS Utilities
|Columbia International Stock
(GABUX - MF report
) seeks current income and capital growth. The majority of its assets are invested in companies operating in the utilities sector. These include companies which provide products or services for the production of electricity, gas and water as well as for the telecom industry. The equity fund has a five year annualized return of 5.67%.
The equity fund has a minimum initial investment of $1,000 and an expense ratio of 1.47% compared to a category average of 1.40%.
DWS RREEF Global Real Estate Securities (RRGAX - MF report) invests at least 80% of its assets in the real estate sector. It focuses on purchasing equity securities of operating companies as well as real estate investment trusts. These securities must be listed on recognized stock exchanges across the world. The equity fund returned 79.05% in the last one year period.
As of March 2010, this equity fund held 115 issues, with 5.84% of its total assets invested in Sun Hung Kai Properties, Ltd.
Franklin Gold and Precious Metals (FKRCX - MF report) seeks capital appreciation with current income as a secondary consideration. The majority of its assets are invested in precious metals operating companies. The fund purchases securities of such companies worldwide and concentrates on investing in foreign companies. The equity fund returned 52.41% in the last one year period and has a ten year annualized return of 20.6%.
Frederick Fromm is the fund manager and he has managed this equity fund since 2005.
ING MFS Utilties (IMUSX - MF report) invests heavily in domestic and foreign utility companies. It purchases both equity and debt securities and invest in emerging markets. The debt securities invested in must be rated investment grade or above. The equity fund returned 44.35% in the last one year period.
The equity fund has an expense ratio of 0.90% compared to a category average of 1.40%.
Columbia International Stock (CMISX) invests the majority of its assets in equity securities of foreign companies. The fund invests in companies located in at least three countries apart form the US. It focuses on developed markets but may also invest in emerging market countries. The equity fund returned 53.94% in the last one year period.
The Fund Manager is Jasmine Huang and she has managed this equity fund since 2006.
To view the Zacks Rank and past performance of all equity funds, then click here.
About Zacks Mutual Fund Rank
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. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds.