Today we are featuring top-performing “Growth/Income” equity mutual funds, which primarily invest in equity securities and attach equal emphasis with capital growth and current income/growth of income.
Investors can find such funds by checking out the entire list of the Zacks #1 Rank Growth/Income Equity Funds.
3 Stellar Picks
AIM Diversified Dividend A (LCEAX) was incepted in December 2001. The fund invests at least 80% of assets in dividend-paying equity securities.
The investment seeks capital growth through a total return approach, emphasizing capital appreciation, current income and principal preservation. It may act as a conservative cornerstone within a diversified portfolio.
Meggan M. Walsh has been lead manager at the fund since December 2002. The fund has topped total returns of its benchmark index in the last 1-, 3- and 5-year periods.
JP Morgan Investor Growth & Income A (ONGIX) seeks long-term capital appreciation and growth of income.
The fund primarily invests in a diversified group of mutual funds within the same group of investment companies that invest primarily in equity securities. As of March 2009, its portfolio turnover was 25%.
Unit holders need to make a minimum initial investment of $500 to enter this Zacks#1 Rank (“Strong Buy”) fund. It has an expense ratio of 0.47%.
New Century Alternative Strategies (NCHPX) seeks to provide long-term capital appreciation with as a secondary objective to earn income, while managing risk.
The fund allocates its investments among ten separate investment categories including convertible bonds arbitrage, merger arbitrage, long/short equity, natural resources and asset allocation.
It uses a flexible approach to selecting investments and is not limited by an underlying fund’s investment style, its market capitalization, or any specific average weighted maturity range.
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 new 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.
