U.S. Markets closed

Top 5 Zacks #1 Ranked Balanced Funds

Zacks Equity Research

Balanced funds provide investors with the convenience of buying into a single fund rather 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 5 top rated balanced mutual funds. Each has earned a Zacks #1 Rank (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.

Fidelity Global Balanced (FGBLX) invests in both domestic and foreign debt and equity instruments. A minimum of 25% of its assets are utilized to acquire debt securities, preferred stock and other fixed-income senior securities. The balanced mutual fund has a five year annualized return of 4.17%.

Ruben Calderon is the fund manager and has managed this balanced mutual fund since 2006.

Pioneer Classic Balanced A (AOBLX) seeks current income and capital appreciation. The fund invests 35% to 65% of its assets in equity and debt securities. Not more than 25% of its assets are used to purchase foreign debt securities. Up to 5% of its assets may be invested in securities issued from emerging markets. The balanced mutual fund has a five year annualized return of 5.03%.

The balanced mutual fund has an expense ratio of 1.16% compared to a category average of 0.98%.

Franklin Balanced A (FBLAX) invests in a range of dividend generating stocks, convertible instruments and debt securities. Not more than 25% of its assets may be utilized to purchase debt securities. The balanced mutual fund has a five year annualized return of 5.59%.

Edward Perks is the fund manager and has managed this balanced mutual fund since 2006.

Lord Abbett Global Allocation A (LAGEX) seeks total return. The fund invests in a combination of fixed income instruments and equity securities issued by governments and firms of different nations. It invests in a minimum of three countries, including U.S. The fund may also invest in emerging market securities. The balanced mutual fund has a five year annualized return of 3.20%.

As of December 2012, this balanced mutual fund held 273 issues, with 3.93% of its total assets invested in Walt Disney Co.

Plumb Balanced (PLBBX) invests in a wide range of common stocks and fixed income instruments. Generally, a minimum of 50% and 25% of its assets are invested in common stocks and fixed income senior securities respectively. The balanced mutual fund has a five year annualized return of 2.41%.

The balanced mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.25% compared to a category average of 0.93%.

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. Learn more about the Zacks Mutual Fund Rank.

Read the analyst report on FGBLX

Read the analyst report on AOBLX

Read the analyst report on FBLAX

Read the analyst report on LAGEX

Read the analyst report on PLBBX



View All Zacks #1 Ranked Mutual Funds

Zacks Investment Research



More From Zacks.com

  • Oklahoma Science Teacher, 22, Charged with Rape of Teenage Student After Police Barge In
    News
    Time

    Oklahoma Science Teacher, 22, Charged with Rape of Teenage Student After Police Barge In

    A 22-year-old science teacher from Oklahoma was charged with rape after sheriff’s deputies barged in on a tryst she had allegedly set up with a teenage student. Hunter Day, of Yukon, admitted to exchanging explicit texts with the boy, a student in her chemistry class at Yukon Public Schools, after police discovered her in her home surrounded by scented candles on Wednesday, the Canadian County Sheriff’s Office said. The boy was meant to meet the science teacher at her home on Wednesday and the deputies, who were given the teenager’s cellphone by his parents, sent her a message “I’m here.” Day responded, “the doors [sic] unlocked as usual,” according to authorities.

  • Forget Dividend Yield: This is the Real Way to Pick a Dividend Stock
    Business
    Motley Fool

    Forget Dividend Yield: This is the Real Way to Pick a Dividend Stock

    Nearly every investor can benefit from holding a few dividend stocks. Picking stocks for their dividends allows you to build up a lovely passive income stream: With a non-dividend stock you don't get any profit until you sell it, but a well-chosen dividend stock will keep on pumping out dividends quarter after quarter. Unfortunately, not all so-called dividend stocks live up to their promise.

  • Louis Farrakhan Calls On Trump to 'Repent' for America's 'Evils'
    Politics
    Time

    Louis Farrakhan Calls On Trump to 'Repent' for America's 'Evils'

    Farrakhan, in a wide-ranging, two-hour speech at the Watergate Hotel, touched on issues as varied as North Korea, race relations and relations between Muslims in the Middle East in what he called an address to Trump. “Mr. President, you won’t make America great again, not in our time,” said Farrakhan, 84, referring to the president’s “Make America Great Again” campaign slogan.

  • When an Amateur Challenges a ​Chess Grandmaster
    Business
    WSJ

    When an Amateur Challenges a ​Chess Grandmaster

    Self-described "obsessive learner" Max Deutsch challenged grandmaster Magnus Carlsen to a game of chess. What could possibly go wrong? Video: George Downs/WSJ. Photo: Gordon Welters for The Wall Street Journal

  • Broadcom CEO Hock Tan Is Going to Buy Qualcomm Eventually
    Business
    The Street

    Broadcom CEO Hock Tan Is Going to Buy Qualcomm Eventually

    "Hock Tan gets his man," TheStreet's Jim Cramer said on CNBC's "Stop Trading" segment Friday regarding Broadcom (AVGO) CEO Hock Tan, in reference to the company's attempted buyout of Qualcomm (QCOM) . He says Tan will eventually get his wish. Broadcom previously made a $70 per share offer to acquire Qualcomm, valuing the latter at roughly $103 billion. Qualcomm rejected the offer, saying it wasn't enough and even if it was, the tie-up would likely face regulatory hurdles. Interestingly enough, both companies face other M&A situations. On Friday morning, Broadcom closed its $5.5 billion acquisition of Brocade. In Qualcomm's case, the company's much larger $47 billion deal to acquire NXP Semiconductors

  • Saudi Sheikdown: Arrested Royals Offered A Deal - Your Money For Your Freedom
    World
    Oilprice.com

    Saudi Sheikdown: Arrested Royals Offered A Deal - Your Money For Your Freedom

    As we noted shortly after the Crown Prince’s purge of potential rivals within Saudi Arabia’s sprawling ruling family, while the dozens of arrests were made under the pretext of an "anti-corruption crackdown", Mohammed bin Salman’s ulterior motive was something else entirely: Replenishing the Kingdom’s depleted foreign reserves, which have been hammered for the past three years by low oil prices, with some estimating that the current purge could potentially bring in up to $800 billion in proceeds. Saudi authorities are negotiating settlements with princes and businessmen held over allegations of corruption, offering deals for the detainees to pay for their freedom, people briefed on the discussions say. The arrangements, which have already seen some assets and funds handed over to the state, provide an insight into the strategy behind Crown Prince Mohammed bin Salman’s dramatic corruption purge.

  • Don’t look now, but the Republican tax bill will cut $25 billion from Medicare next year
    Politics
    Quartz

    Don’t look now, but the Republican tax bill will cut $25 billion from Medicare next year

    As both candidate and president, Donald Trump promised not to cut either Medicaid or Medicare, the government health-insurance programs for the poor and the elderly. The Republican party’s tax reform proposal, however, looks set to break that promise. Republican leaders want their tax bill to end the individual mandate, the requirement for all Americans to have health insurance.

  • Apple Design Chief Jonathan Ive on the iPhone X: We Had to Solve ‘Extraordinarily Complex Problems’
    Technology
    Time

    Apple Design Chief Jonathan Ive on the iPhone X: We Had to Solve ‘Extraordinarily Complex Problems’

    Apple helped bring personal computers into the home with its early Macs, revolutionized the way we listen to music with the iPod, and put a supercomputer in everyone’s pocket with the iPhone. In 2017, the Cupertino, Calif. company came for the smartphone—again —with its iPhone X, one of TIME’s 25 Best Inventions of the Year. It’s the biggest change Apple has made to the iPhone in years, and a necessary one for the world’s most valuable brand.

  • 3 Income Sources that Earn You Social Security Credits (and 2 that Don't)
    Business
    Motley Fool

    3 Income Sources that Earn You Social Security Credits (and 2 that Don't)

    In order to qualify for Social Security retirement benefits, you need to have a high enough earnings record to meet the minimum requirements. The problem is, not all kinds of income count as Social Security earnings. Work credits are the measuring stick that the Social Security Administration uses to decide whether you've accrued enough earnings to qualify for benefits.

  • These are the biggest money mistakes you can make at every age
    Lifestyle
    Yahoo Finance Canada

    These are the biggest money mistakes you can make at every age

    (Getty Images) Financial literacy is lifelong learning. We’re always faced with new challenges on how to save, invest and manage our money.  Mistakes can be made at any age, regardless of how savvy we are with our cash.  Here are some of the most common

  • Roy Moore's Democratic Challenger Surges Ahead in New Poll — Thanks to Women
    Politics
    Time

    Roy Moore's Democratic Challenger Surges Ahead in New Poll — Thanks to Women

    While Republican Senate candidate Roy Moore has remained defiant amid a controversy over allegations of sexual misconduct, a Fox News poll released Thursday showed his support has dropped significantly in recent days. Moore trails Democrat Doug Jones by 8 points among likely voters in the upcoming Dec. 12 Alabama special election, according to the poll, with 50% saying they would vote for Jones and 42% saying they would vote for Moore. Moore appears to have lost a significant amount of support from women voters.

  • Trade of the Day: Celgene Corporation Attempts a Breakout
    Business
    InvestorPlace

    Trade of the Day: Celgene Corporation Attempts a Breakout

    Shares of large-cap biotechnology stocks as a group and as represented by the iShares Nasdaq Biotechnology ETF (NASDAQ:IBB) rallied on Thursday  as a broader risk-on feel came back to the world of U.S. equities. This is clearly visible on the multiyear weekly chart.

  • Walmart just proved why Amazon had to buy Whole Foods
    Finance
    Yahoo Finance

    Walmart just proved why Amazon had to buy Whole Foods

    Walmart’s (WMT) third-quarter earnings crushed expectations. And a key area of growth for the company was its food business, which had its strongest quarter in almost six years. CEO Doug McMillan said the company’s fresh meat, bakery and produce segments

  • JPMorgan Chase Is Worried About the Stock Market
    Business
    Motley Fool

    JPMorgan Chase Is Worried About the Stock Market

    A little over two weeks ago, the head of JPMorgan Chase's (NYSE: JPM) investment bank issued a rare warning about the state of the stock market, telling research analysts at Keefe, Bruyette, and Woods that the bank is anticipating a "painful market correction in the near future," according to Business Insider. You can get a sense for this by looking at the S&P Volatility Index (VOLATILITYINDICES: ^VIX), otherwise known as the VIX, an index that tracks expected stock market volatility over the next 30 days, with a higher number implying higher expected volatility.

  • FBI reveals Uranium One investigation informant
    Politics
    Fox Business Videos

    FBI reveals Uranium One investigation informant

    Fox News national security strategist Sebastian Gorka on the FBI informant regarding Uranium One deal.

  • Apple's Diversity Chief Is Leaving After Only 6 Months
    Business
    Fortune

    Apple's Diversity Chief Is Leaving After Only 6 Months

    Apple’s diversity chief is leaving the company after holding the job for only six months. Denise Young Smith, a 20-year Apple veteran was most recently the company’s vice president of diversity and inclusion, is stepping down, Apple confirmed. Unlike her predecessor, Christie Smith will not directly report to CEO Tim Cook, but rather to Deirdre O’Brien, who is Apple’s human resources chief.

  • ConocoPhillips (COP): An Off-the-Radar Potential Winner
    Finance
    Zacks

    ConocoPhillips (COP): An Off-the-Radar Potential Winner

    It commonly happens in stock investing that investors miss the chance of buying winning stocks that they knew would stand out. One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is ConocoPhillips COP. This year’s expected earnings growth over the prior year is 120.4%, which should ultimately translate into price appreciation.

  • Cracks Are Showing in Chesapeake Energy Corporation Stock Price
    Business
    InvestorPlace

    Cracks Are Showing in Chesapeake Energy Corporation Stock Price

    2017 has delivered a frustrating one-two punch to Chesapeake Energy Corporation (NYSE:CHK). The CHK stock price sank for most of the year after briefly clearing $8 in December. Then, when oil prices finally rallied, boosting stocks in the sector, CHK seemed left out. In contrast, Devon Energy Corp (NYSE:DVN), also based in Oklahoma City, has seen a 32% jump off its lows and now has lost just 17% of its value in 2017.

  • Business
    InvestorPlace

    The Apple Inc. Conundrum: Buy Now or Forever Hold Your Peace

    What greater conundrum does the value investor have but to choose whether to buy Apple Inc. (NASDAQ:AAPL) stock now, wait for a better entry or just hide in the closet and forget about it? It’s not like APPL stock hasn’t had its share of setbacks. A couple of years back, AAPL stock was sitting in the 90’s and people were saying the best days of AAPL stock were behind it.

  • 2 Stocks With Strong Double-Digit Dividend Growth
    Business
    Motley Fool

    2 Stocks With Strong Double-Digit Dividend Growth

    Sometimes, dividend investors' focus on stocks with meaningful dividend yields can distract them from promising under-the-radar opportunities for income growth. Case in point: Both Visa (NYSE: V) and Intuit (NASDAQ: INTU) have relatively unimpressive dividend yields, but their dividend growth potential is excellent. Here's a closer look at each of these dividend stocks, and why income investors may want to consider putting both of these companies on their watchlists.

  • Warren Buffett's Buying These Top Stocks Now
    Business
    Motley Fool

    Warren Buffett's Buying These Top Stocks Now

    Warren Buffett's Berkshire Hathaway (NYSE: BRK-A)(NYSE: BRK-B) just filed its quarterly holdings with the SEC, and that filing provides us with an opportunity to get inside the head of the world's best investor -- and potentially follow his footsteps into some profit-friendly stock picks. In the third quarter, the Oracle of Omaha didn't add any new stocks to Berkshire Hathaway's stock portfolio, but he did increase his bets on Apple Inc. (NASDAQ: AAPL), Monsanto (NYSE: MON), and Synchrony Financial (NYSE: SYF).

  • New $200,000 Tesla Roadster speeds in front of electric big-rig truck
    Business
    Reuters

    New $200,000 Tesla Roadster speeds in front of electric big-rig truck

    By Alexandria Sage HAWTHORNE, Calif. (Reuters) - Tesla Inc upstaged its own debut of an electric heavy duty truck on Thursday when a red Roadster pulled out of the big rig's trailer and Chief Executive Elon Musk said the new $200,000 sports car would be the fastest production car ever. As the presentation appeared to end, the Tesla Semi opened its trailer, and the Roadster drove out.

  • Suit Up and Buy Under Armour Inc Like a Champ
    Business
    InvestorPlace

    Suit Up and Buy Under Armour Inc Like a Champ

    It’s been a downhill sprint for Under Armour Corp (NYSE:UAA, NYSE:UA) and its investors. Puns aside, it’s been ugly for UA stock. InvestorPlace’s Laura Hoy does a nice job of detailing Under Armour’s woes on items from dropping the ball in North America to a management team that appears to be on the roster for Wall Street’s bears given its disappointing misstep into the wearables market — and now, plans to build “the greatest retail store in the world” by 2019.

  • Top Dividend Picks For The Day
    Business
    Simply Wall St.

    Top Dividend Picks For The Day

    Commonwealth Bank of Australia, Westpac Banking, and Australia and New Zealand Banking Group are three of the best paying dividend stocks for creating diversified portfolio income. A sizeable part of portfolio returns can be produced by dividend stocks

  • Options Traders Expect Huge Moves in Advanced Micro Devices (AMD) Stock
    Finance
    Zacks

    Options Traders Expect Huge Moves in Advanced Micro Devices (AMD) Stock

    Investors in Advanced Micro Devices, Inc. AMD need to pay close attention to the stock based on moves in the options market lately. What is Implied Volatility? Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.