Top 10 Best Balanced Mutual Funds Part 2

Top 10 best balanced funds logo
Top 10 best balanced funds logo

Intro

This is my second or final article about Top 10 best balanced funds. I’ll list the next 5 of best balanced funds (top 6 till 10). As described before, balanced funds are very useful for various types of investors. The fund can provide some income through yield as well as capital appreciation over time. These balanced funds can invest in domestic stocks, domestic bonds, foreign stocks, convertible stocks, foreign bonds, corporate bonds, government bonds and more. The following fund may include some domestic balanced funds as well as foreign balance fund or mixture between both.

Top 10 best balanced funds:

  1. American Funds Capital Income Builder
  2. American Funds Income Fund of America
  3. Franklin Income A
  4. Vanguard Wellington
  5. American Funds American Balanced
  6. BlackRock Global Allocation
  7. First Eagle Global A
  8. Ivy Asset Strategy A
  9. Fidelity Balanced
  10. Fidelity Puritan
Note: If you miss my previous article, please read the part 1 article.

(click column header to sort results)
No  
Mutual Funds Description  
Ticker  
Morningstar rating  
Yield  
Expense ratio  
Total Asset (Bil)  
Min. To Invest  
6
BlackRock Global Allocation Inv
MDLOX
4
1.14%
1.08%
49.80
$1,000
7
First Eagle Global A
SGENX
5
1.38%
1.16%
26.95
$2,500
8
Ivy Asset Strategy A
WASAX
4
0.19%
1.05%
25.31
$500
9
Fidelity Balanced
FBALX
4
1.89%
0.61%
21.51
$2,500
10
Fidelity Puritan
FPURX
4
2.07%
0.61%
19.67
$2,500

6. BlackRock Global Allocation

BlackRock Global Allocation fund seeks to provide high total investment return. The fund invests in domestic and foreign stocks, bonds securities, and money market instruments. The investment style may vary based on market and economic conditions. It may invest <35% of total assets in below investment grade bonds. The fund may also invest in Real Estate Investment Trusts (REITs). The fund lead manager is Dennis Stattman since 1989. This fund is categorized as world allocation fund. I would consider this fund has moderate allocation with >50% asset in stocks. Investor can invest in this fund with minimum initial of $1,000. The fund expense ratio is 1.08% per year. There are front end sales charge of 5.25% and 12b1 fee of 0.25%. Investor may find other fund classes with no sales charge fee or 12b1 fee. The fund has returned 7.70% over the past year and 7.90% over the past decade based on load adjusted returns. The fund also has 4 stars Morningstar Rating.

As of February 2011, the fund asset allocation is as follows: 64.4% of equities, 27% of fixed income, and 8.7% of cash. The top 5 sectors of the fund include government, energy, financials, information technology, and materials. The top 5 countries representations are United States, Japan, United Kingdom, Canada, and Brazil. Top 10 equity holdings include SPDR Gold share, Exxon Mobil Corp, Apple Inc, Microsoft Corp, International Business Machines Co (IBM), General Electric Co, Chevron Corp, Bristol-Myers Squibb Co, Johnson & Johnson, and AT&T Inc.


7. First Eagle Global A

First Eagle Global fund is part of First Eagle fund family. The First Eagle Global fund objective is to provide long-term capital growth by investing in a range of asset classes from markets in the United States and the world. The fund invests its assets primarily in common stocks of U.S. and foreign companies in any size company like large cap, mid cap, and small cap. About 30% - 40% or more of fund assets will be invested in foreign investments. The fund is categorized as World Allocation fund (i.e. it may invest domestically or internationally).The fund lead manager is Matthew McLennan since 2008. Investor can invest in this fund with minimum initial of $2,500. The annual expense ratio of the fund is 1.16%. There are front end sales charge of 5.00% and 12b1 fee of 0.25%. Investor may find other fund classes with no sales charge fee or 12b1 fee. The fund has returned 13.95% over the past year and 4.05% over the past 3 years based on load adjusted returns. The fund also has a yield of 1.38%.

As of January 2011, the fund has the following asset class allocation: 41.4% of International Stocks, 30% of US Stocks, 13.6% of cash, 11.2% of Gold related investments, 2.6% of International currency bonds, and 1.2% of US $ bonds. This First Eagle fund also has a 5 stars rating from Morningstar. Top 5 sectors in this fund include Industrials (14.2%), Gold Related Investments (11.2%), Technology (9.7%), Financials (6.8%), and Consumer Staples (6.8%). Top 10 holdings include gold bullion, Fanuc Ltd, SMC Corp, Secom Co Ltd, Gold Fields Ltd, Microsoft Corp, Cintas Corp, Shimano Inc, and ConocoPhilips.


8. Ivy Asset Strategy A

Ivy Asset Strategy fund seeks to provide long term high total return. The fund invests its assets in stocks, bonds and short-term instruments of issuers located around the world. It invests in all types of equity securities of any size company and any types of fixed-incomes or bonds. The fund may invest <100% of assets in foreign stocks. This Ivy fund may use a flexible strategy in the selection of securities such as buy or sell options, buy or sell futures contract, etc. The fund has been managed by Michael L. Avery since 1997.  The min initial investment is $500. The annual expense ratio of the fund is 1.05%. There are front end sales charge of 5.75% and 12b1 fee of 0.25%. Investor may find other fund classes with no sales charge fee or 12b1 fee in retirement account or 401k account. The fund has returned 7.79% over the past 5 years and 8.58% over the past 10 years based on load adjusted returns.

As of January 2011, this Ivy fund has the following portfolio composition: 47.82% of foreign stocks, 34.85% of domestic stocks, 12.65% of other assets, 4.54% of cash, 0.10% of corporate bonds, and 0.04% of government bonds. Top 5 sectors allocations include consumer discretionary, information technology, financials, energy, and industrials. The top 5 countries allocations include United States (42.1%), China (14.1%), Germany (6.9%), Hong Kong (5.3%), and United Kingdom (5.0%). The top 10 equity holdings include Wynn Resorts Ltd, Apple Inc, Sands China Ltd, Hyundai Motor Co, Cognizant Technology Solutions Corp, Starwood Hotels & Resorts Worldwide Inc, Standard Chartered Plc, ConocoPhillips, Halliburton Co, and Freeport-McMoRan Copper & Gold Inc.


9. Fidelity Balanced

Fidelity Balanced fund objective is to provide income and consistent capital growth with reasonable risk. This Fidelity fund invests about 60% of assets in stocks or equities and about 40% in bonds or debt securities. It invests at least 25% of total assets in fixed-income senior securities including bonds and/or preferred stocks. The fund invests in domestic and foreign issuers. This fund is categorized as moderate allocation fund. The fund expense ratio is only 0.61% per year. You will need $2,500 initial capital to invest in this Fidelity Balanced fund. It also has a yield of 1.89% per year. The fund has been managed by George D. Fischer since 2004. There is no sales charge or 12b1 fee. The fund is also available in 78 different brokerages include Fidelity Brokerage.

As of January 2011, this Fidelity fund has the following portfolio composition: 51.8% of domestic equities, 9.3% of International Equities, and 38.9% of Bonds. Top 4 country diversification includes USA, United Kingdom, Netherlands, and Canada. Major market sectors are Information Technology, Financials, Energy, Industrials, Health Care, and Consumer Staples. Top 10 fund holdings include US Treasuries notes with variety, Apple Inc, Fannie Mae Bonds, JPMorgan Chase & Co, and Procter & Gamble Co.


10. Fidelity Puritan

Fidelity Puritan fund seeks income and capital growth consistent with moderate risk. The fund invests about 60% of assets in stocks or equities and the rest in bonds and other debts (including junk bonds). It invests >25% of total assets in fixed-income senior securities (including debts and preferred stock). The fund invests in domestic securities and foreign issuers. The fund expense ratio is only 0.61% per year. You will need $2,500 initial capital to invest in this Fidelity Puritan fund. It also has a yield of 2.07% per year. The fund has been managed by Ramin Arani since 2007. There is no sales charge or 12b1 fee. The fund is also available in 79 different brokerages include Fidelity Brokerage. The fund has returned 18.17% over the past year and 4.40% over the past 5 years.

As of January 2011, this Fidelity fund has the following portfolio composition: 54.4% of domestic equities, 8.2% of International Equities, 35.2% of Bonds, and 2.2% of cash. Top 3 country diversification includes USA, United Kingdom, and Germany. Major market sectors are Information Technology, Financials, Industrials, Consumer Discretionary, and Energy. Top 10 fund holdings include Apple Inc, US Treasuries, Fannie Mae bonds, Exxon Mobil Corp, Google Inc, Citigroup Inc, and JPMorgan Chase & Co.


Disclosure: I have no affiliation with any of these funds. I also have no position in these funds. Please do your own research for additional details. Please trade and invest responsibly. Past Performance is No Guarantee of Future Results.

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