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Top 5 Balanced Mutual Funds
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ShareBalanced mutual funds offer a unique blend of growth and safety by holding a variety of instruments such as stocks, bonds and money market securities. This allows them to harness gains from rising share prices as well as to safeguard capital invested through their investment in fixed-income securities. Further, the better managed funds in this category keep the relative share between different classes of instruments flexible in order to respond better to prevailing market conditions.
Below we will share with you 5 top rated balanced mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect these mutual funds to outperform its peers in the future. To view the Zacks Rank and past performance of all balanced funds, then click here.
Transamerica Balanced A (IBALX) seeks capital appreciation with the secondary objective of current income. Common stocks constitute the majority of the fund’s investments. The remainder of its assets is utilized to purchase high quality bonds with maturity periods not exceeding 30 years. This balanced mutual fund returned 19.29% in the last one year period.
The balanced mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.73% compared to a category average of 1.00%.
Principal SAM Balanced A (SABPX) invests in fixed income and equity securities by investing primarily in other funds from the Principal stable. The balanced mutual fund has a five year annualized return of 3.49%.
The Fund Manager is Dirk R. Laschanzky and he has managed this balanced mutual fund since 2009.
MEMBERS Diversified Income A (MBLAX) seeks total return. The fund invests in a variety of instruments such as common stocks, bonds, real estate and money market securities. The majority of the funds assets are utilized to purchase bonds, with not more than 60% being invested in stocks. The balanced mutual fund may invest in ETFs and returned 9.84% in the last one year period.
As of August 2010, this balanced mutual fund held 154 issues, with 2.56% of its total assets invested in US Treasury Note 4.25%.
Delaware Foundation Moderate Allocation A (DFBAX) invests around 60% of its assets in equity and 40% of its assets in fixed-income securities. Between 10% to 60% of its assets are utilized to purchase foreign securities and not more than 15% are invested in emerging market securities. The balanced mutual fund has a ten year annualized return of 3.58%.
The balanced mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.12% compared to a category average of 1. 00%.
Thrivent Partner Worldwide Allocation A (TWAAX) seeks capital growth over the long term. The fund invests in both mature economies and developing countries and in instruments of all categories. Large cap growth and value securities issued from foreign markets constitute its major investments. This balanced mutual fund returned 10.18% in the last one year period.
Samuel R. Finkelstein is the fund manager and has managed this balanced mutual fund since 2008.
To view the Zacks Rank and past performance of all balanced mutual 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/mutualfund/
Read the full analyst report on IBALX
Read the full analyst report on SABPX
Read the full analyst report on MBLAX
Read the full analyst report on DFBAX
Read the full analyst report on TWAAX
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| Market Summary | May 26, 2012 08:40 am ET |
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