Today we are featuring top-performing “Asset Allocation” balanced mutual funds, which primarily seek total return and uses an optimization model to choose the best way to distribute assets among various classes.
Investors can find such funds by checking out the entire list of the Zacks #1 Rank Asset Allocation Balanced Funds.
3 Well-balanced Picks
Legg Mason Part Lifestyle Inc A (SCAAX) was incepted in February 1996. The investment seeks high current income.
The fund invests primarily in Smith Barney mutual funds that focus on taxable fixed-income securities to generate a high level of income. The fund invests in a broad range of fixed income securities.
Steven D. Bleiberg has been lead manager at the fund since May 2006. The fund has an expense ratio of 0.79%. The fund distributes dividends monthly and capital gains annually.
Eaton Vance Emerg Mkts Loc Inc A (EEIAX) seeks total return. The fund is non-diversified and was incepted in August 2007.
The fund invests at least 80% of total net assets in securities denominated in currencies of emerging market countries, fixed income instruments issued by emerging market entities or sovereigns, and derivative instruments, denominated in or based on the currencies, interest rates, or issues of, emerging market countries. Unit holders have to make a minimum initial investment of $1,000 to enter this Zacks#1 Rank (“Strong Buy”) fund.
The fund has an expense ratio of 1.25%. As of April 2009, it has a portfolio turnover of 38%.
PIMCO All Asset All Authority Inst (PAUIX) seeks maximum real return. The fund was incepted in October 2003.
The fund normally invests all of assets in Institutional Class shares of any other fund of the Trust except the All Asset fund, Global Multi-Asset and the RealRetirement funds. It may invest in any or all of the underlying funds, but will not normally invest in every underlying fund at any particular time.
Robert D, Arnott has been lead manager of the fund since October 2003. The fund has an expense ratio of 1.91%.
Discover Many More Funds
Learn more about the new Zacks Mutual Fund Rank and discover some of the best market-beating mutual funds by browsing our mutual funds section. This part of Zacks.com offers a variety of tools, including mutual fund research, a new mutual fund screener, helpful answers to frequently asked questions and quick access to prospectuses and other information.
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.
