We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Balanced funds provide investors with the convenience of buying into a single fund rather than holding both equity and bond funds. This category of funds also reduces a portfolio’s volatility, while providing higher returns than pure fixed income investments.
Fund managers of such funds also enjoy the flexibility of varying the proportion of equity and fixed income investments in response to market conditions. An upswing may prompt them to hold a relatively higher share of equity in order to maximize gains; whereas a downturn sees them turning to fixed income investments to stem losses.
Hartford Balanced Income A (HBLAX - Free Report) invests around 45% of its assets in equity securities and 55% in fixed income securities. HBLAX invests mostly in common stocks of companies that have a history of above-average dividends or expectations of increasing dividends. HBLAX may invest a maximum 20% of its fixed income portion of the portfolio in domestic non-investment grade debt. The Hartford Balanced Income A fund has a three-year annualized return of 7.4%.
As of May 2016, HBLAX held 1475 issues with 6.19% of its assets invested in Us 5yr Note (Cbt) Sep16 Xcbt 20160930
American Funds American Balanced A (ABALX - Free Report) seeks long-term growth of capital. ABALX invests in both common stocks and bonds that are rated investment grade. ABALX also invests in securities that are issued by the U.S. government and its entities. Moreover, ABALX may invest in securities of issuers located in foreign lands. The fund primarily invests in common stocks of companies that are believed to provide dividend income. The American Funds American Balanced A fund has a three-year annualized return of 9%.
ABALX has an expense ratio of 0.58% compared with the category average of 0.85%.
Eaton Vance Balanced A (EVIFX - Free Report) invests its assets in common stocks and fixed-income securities. EVIFX invests in two other registered investment companies managed by Eaton Vance Management. EVIFX invests 50–75% of its assets in equity securities, and 25–50% of its assets in fixed-income securities by investing in Core Bond Portfolio. The Eaton Vance Balanced A fund has a three-year annualized return of 9.4%.
As of April 2016, EVIFX held 382 issues with 3.25% of its assets invested in US Treasury Note 3.5%.
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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
3 Best-Ranked Balanced Mutual Funds to Invest In
Balanced funds provide investors with the convenience of buying into a single fund rather than holding both equity and bond funds. This category of funds also reduces a portfolio’s volatility, while providing higher returns than pure fixed income investments.
Fund managers of such funds also enjoy the flexibility of varying the proportion of equity and fixed income investments in response to market conditions. An upswing may prompt them to hold a relatively higher share of equity in order to maximize gains; whereas a downturn sees them turning to fixed income investments to stem losses.
Below we will share with you three top-rated balanced mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all balanced funds, investors can click here to see the complete list of funds.
Hartford Balanced Income A (HBLAX - Free Report) invests around 45% of its assets in equity securities and 55% in fixed income securities. HBLAX invests mostly in common stocks of companies that have a history of above-average dividends or expectations of increasing dividends. HBLAX may invest a maximum 20% of its fixed income portion of the portfolio in domestic non-investment grade debt. The Hartford Balanced Income A fund has a three-year annualized return of 7.4%.
As of May 2016, HBLAX held 1475 issues with 6.19% of its assets invested in Us 5yr Note (Cbt) Sep16 Xcbt 20160930
American Funds American Balanced A (ABALX - Free Report) seeks long-term growth of capital. ABALX invests in both common stocks and bonds that are rated investment grade. ABALX also invests in securities that are issued by the U.S. government and its entities. Moreover, ABALX may invest in securities of issuers located in foreign lands. The fund primarily invests in common stocks of companies that are believed to provide dividend income. The American Funds American Balanced A fund has a three-year annualized return of 9%.
ABALX has an expense ratio of 0.58% compared with the category average of 0.85%.
Eaton Vance Balanced A (EVIFX - Free Report) invests its assets in common stocks and fixed-income securities. EVIFX invests in two other registered investment companies managed by Eaton Vance Management. EVIFX invests 50–75% of its assets in equity securities, and 25–50% of its assets in fixed-income securities by investing in Core Bond Portfolio. The Eaton Vance Balanced A fund has a three-year annualized return of 9.4%.
As of April 2016, EVIFX held 382 issues with 3.25% of its assets invested in US Treasury Note 3.5%.
To view the Zacks Rank and past performance of all balanced 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.