Today we are featuring top-performing "equity income" mutual funds that target returns through investments in common stock.
Investors can find such funds by checking out the entire list of the Zacks #1 Rank Equity Income Funds list.
3 Select Picks
Federated Market Opportunity A (FMAAX - Free Report) seeks to provide absolute returns with a low correlation to the U.S. equity market by investing globally in a wide variety of asset classes.
The fund may sell securities short and have an overall net long or short position relative to particular asset classes. FMAAX focuses on domestic and foreign securities (both debt and equity) that are undervalued or out of favor. As of October 2008, its portfolio turnover was 255%.
The fund's top holdings include Yamana Gold Inc. (YRI), Goldcorp Inc. (G) and iShares MSCI EAFE Index.
Forester Value Fund (FVALX - Free Report) was incepted in September 1999 and seeks maximum long-term capital growth. This diversified, no-load mutual fund emphasizes on capital protection in unfavorable market conditions.
FVALX focuses on companies that trade at prices lower than their potential earnings. It distributes dividends and capital gains annually. The fund has outpaced its benchmark index in the 1-, 3-and 5-year periods.
Forester Value Fund has been managed by Thomas H. Forester since its inception. Its key holdings include Kraft Foods Inc. (KFT), Pfizer Inc. (PFE) and AT&T Inc. (T).
Delaware Conservative Allocation A (DFIAX - Free Report) seeks a combination of current income and preservation of capital with capital appreciation. The fund typically allocates about 40% of its net assets in equity securities and about 60% in fixed-income securities.
It may invest up to 50% of net assets in foreign securities and up to 10% in emerging-market securities. DFIAX offers dividends quarterly and distributes capital gains in December.
The fund's top holdings include ishares MSCI EAFE Growth Index, Google Inc. (GOOG) and Procter & Gamble Co. (PG). The Zacks#1 Rank ("Strong Buy") fund has an expense ratio .81%.
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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.