Investors looking to gain exposure to both equity and fixed income securities may consider balanced mutual funds. Also, these mutual funds are believed to provide greater returns than pure, fixed income investments while maintaining a low volatility level.
The proportion of equity and fixed income investments in these funds may also vary in response to market conditions. While managers may increase the share of fixed income securities during a downturn to avoid losses, the share of equity securities may be increased in a bullish market. Hence, these funds are expected to harness the inherent strengths of both classes of investments.
Below we share with you three top-ranked balanced mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of balanced mutual funds, their Zacks Rank and past performance.
Columbia Capital Allocation Aggressive A (AXBAX - Free Report) seeks growth of return. AXBAX is known as a "fund of funds" which primarily invests in a combination of underlying funds for which the investment manager acts as principal underwriter. The fund may also invest almost one-fifth of its assets in other funds, which include third party advised funds and exchange traded funds (ETFs), equity securities and fixed income securities. Columbia Capital Allocation Aggressive A has returned 6.8% in the last three-year period.
AXBAX has an expense ratio of 0.50% compared with the category average of 0.84%.
Brown Advisory Flexible Equity Investor (BIAFX - Free Report) invests a bulk of its assets in a wide range of portfolio of equity securities issued by medium and large market capitalization companies. The fund may also invest almost 15% of its assets in non-U.S. securities, which include emerging markets. BIAFX seeks appreciation of capital for the long run. Brown Advisory Flexible Equity Investor has returned 8.9% in the last three-year period.
R. Hutchings Vernon is the fund manager of BIAFX since 2008.
AdvisorOne CLS Global Aggressive Equity N seeks strong growth for the long run. CLACX invests the lion’s share of its assets in equity securities. The fund invests in underlying funds which look for appreciation of capital. The fund normally invests in ETFs, and in open- and close-end funds. AdvisorOne CLS Global Aggressive Equity N has returned 6.9% in the last three-year period.
As of January 2017, CLACX held 31 issues, with 8.99% of its assets invested in VanEck Vectors Morningstar Wide Moat ETF.
To view the Zacks Rank and past performance of all balanced mutual funds, investors can click here to see the complete list of funds.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Investors looking to gain exposure to both equity and fixed income securities may consider balanced mutual funds. Also, these mutual funds are believed to provide greater returns than pure, fixed income investments while maintaining a low volatility level.
The proportion of equity and fixed income investments in these funds may also vary in response to market conditions. While managers may increase the share of fixed income securities during a downturn to avoid losses, the share of equity securities may be increased in a bullish market. Hence, these funds are expected to harness the inherent strengths of both classes of investments.
Below we share with you three top-ranked balanced mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of balanced mutual funds, their Zacks Rank and past performance.
Columbia Capital Allocation Aggressive A (AXBAX - Free Report) seeks growth of return. AXBAX is known as a "fund of funds" which primarily invests in a combination of underlying funds for which the investment manager acts as principal underwriter. The fund may also invest almost one-fifth of its assets in other funds, which include third party advised funds and exchange traded funds (ETFs), equity securities and fixed income securities. Columbia Capital Allocation Aggressive A has returned 6.8% in the last three-year period.
AXBAX has an expense ratio of 0.50% compared with the category average of 0.84%.
Brown Advisory Flexible Equity Investor (BIAFX - Free Report) invests a bulk of its assets in a wide range of portfolio of equity securities issued by medium and large market capitalization companies. The fund may also invest almost 15% of its assets in non-U.S. securities, which include emerging markets. BIAFX seeks appreciation of capital for the long run. Brown Advisory Flexible Equity Investor has returned 8.9% in the last three-year period.
R. Hutchings Vernon is the fund manager of BIAFX since 2008.
AdvisorOne CLS Global Aggressive Equity N seeks strong growth for the long run. CLACX invests the lion’s share of its assets in equity securities. The fund invests in underlying funds which look for appreciation of capital. The fund normally invests in ETFs, and in open- and close-end funds. AdvisorOne CLS Global Aggressive Equity N has returned 6.9% in the last three-year period.
As of January 2017, CLACX held 31 issues, with 8.99% of its assets invested in VanEck Vectors Morningstar Wide Moat ETF.
To view the Zacks Rank and past performance of all balanced mutual funds, investors can click here to see the complete list of funds.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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