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3 Large-Cap Blend Mutual Funds to Add to Your Portfolio
We have highlighted ETFs that should benefit from a strengthening dollar and the ones that will lose.
Large-cap blend mutual funds seek to offer value appreciation through capital gains with relatively less volatility by investing in both value and growth stocks. Blend funds, also known as hybrid funds, owe their origin to a graphical representation of a funds equity style box. In addition to diversification, blend funds are great for investors seeking a mix of growth and value.
Meanwhile, significant exposure to large-cap stocks makes these blend funds safer for risk-averse investors than small-cap and mid-cap funds. Companies with market capitalization above $10 billion are generally considered large-cap firms. Also, these funds are believed to provide long-term performance history and assure more stability than mid or small caps.
Below we share with you three top-ranked large-cap blend mutual funds. Each has earned aZacks Mutual Fund Rank 1(Strong Buy) and is expected to outperform its peers in the future. Investors canclick here to see the complete list of large-cap blend funds, their Zacks Rank and past performance.
TIAA-CREF Social Choice Equity RetirementTRSCX seeks high returns over the long run that highlight the performance of the entire U.S. stock market, indicated by the funds benchmark, the Russell 3000 Index. TRSCX attains its ESG criteria by investing in companies included in its benchmark. TIAA-CREF Social Choice Equity Retirement has one-year annualized returns of 14.9%.
TRSCX has an expense ratio of 0.43% compared with the category average of 0.93%.
Schwab Core EquitySWANX seeks appreciation of capital for the long run. SWANX invests a bulk of its assets in equity securities of domestic companies. The fund generally targets companies with market cap of more than $500 million. It seeks to maintain a portfolio of companies whose performance is expected to beat that of the broader S&P 500 index in the long run. Schwab Core Equity has one-year annualized returns of 14.5%.
As of June 2018, SWANX held 129 issues, with 4.21% of its assets invested in Apple Inc.
American Century Income and Growth InvestorBIGRX seeks growth of capital for the long run. Management of the fund uses quantitative management techniques. First, the fund focuses on domestic companies that have market-cap of $2 billion or greater for investment. And second, a portfolio of stocks is made from those companies that offer strong balance between risk and expected return. American Century Income and Growth Investor has one-year annualized returns of 16.9%.
Brian L. Garbe is one of the fund managers of BIGRX since 2010.
To view the Zacks Rank and past performance of all large-cap blend Mutual Funds, investors canclick here to see the complete list of funds.
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