Blend funds are a type of equity mutual fund which holds in its portfolio a mix of value and growth stocks. Blend funds are also known as “hybrid funds”. Blend funds aim for value appreciation by capital gains. It owes its origin to a graphical representation of a fund’s equity style box. In addition to diversification, blend funds are great picks for investors looking for a mix of growth and value investment. Meanwhile, large cap funds usually provide a safer option for risk-averse investors, when compared to small-cap and mid cap funds. These funds have exposure to large cap stocks, providing long-term performance history and assuring more stability than what mid cap or small caps offer.
Below we will share with you 3 potential large cap blend mutual funds. Each has either earned a Zacks #1 Rank (Strong Buy) or a Zacks #2 Rank (Buy) as we expect these mutual funds to outperform their peers in the future. To view the Zacks Rank and past performance of all large cap blend funds, investors can click here to see the complete list of funds.
Fidelity Large Cap Core Enhanced Index (FLCEX - Free Report) seeks capital growth over the long run. FLCEX invests a lion’s share of its assets in large cap companies listed in the S&P 500 Index. Factors including historical valuation, growth and profitability are considered before investing in a company. FLCEX aims to provide return greater than that of the S&P 500 Index. FLCEX invests in companies throughout the globe. The Fidelity Large Cap Core Enhanced Index fund returned 14.9% over the past one year.
FLCEX has an expense ratio of 0.45% as compared to category average of 1.08%.
Schwab Core Equity (SWANX - Free Report) invests a major portion of its assets in equity securities of domestic companies. SWANX seeks to maintain a portfolio which is expected to provide a higher total return than the S&P 500 Index. Though SWANX invests in companies having market capitalizations more than $500 million, SWANX allot sizable portion of its assets in large cap stocks. The Schwab Core Equity fund returned 17.2% over the past one year.
Jonas Svallin is one of the fund managers and has managed this fund since 2012.
Schroder North American Equity Advisor seeks capital appreciation over the long-term. SNAVX invests a large chunk of its assets in companies that are located or traded in North America. Though SNAVX focuses on acquiring stocks of large cap companies, the fund may also invest notable portion of its assets in mid and small cap companies. SNAVX invests in equity securities including common and preferred stocks. The Schroder North American Equity Advisor fund returned 11.6% over the past one year.
As of March 2015, this fund held 407 issues with 4.21% of its assets invested in Apple Inc.
To view the Zacks Rank and past performance of all large cap blend mutual funds, investors can click here to see the complete list of funds.
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. Pick the best mutual funds with the Zacks Rank.