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 fund’s equity style box. In addition to diversification, blend funds are great for investors seeking a mix of growth and value investment.
Meanwhile, significant exposure to large-cap stocks makes these blend funds safer options 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 what mid or small caps offer.
Below we share with you three top-ranked large-cap blend mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of large-cap blend funds, their Zacks Rank and past performance.
TIAA-CREF Social Choice Equity Fund Retail TICRX seeks a high level of long-term return while giving importance to certain ESG criteria. TICRX achieves its objective by investing a minimum of 80% of its assets in equity securities. TIAA-CREF Social Choice Equity Fund Retail has returned 16.1% over the last one-year period.
TICRX has an expense ratio of 0.46% compared with the category average of 0.99 %.
Goldman Sachs (NYSE:GS) Equity Growth Strategy Portfolio A GAPAX invests the lion’s share of its assets in a combination of underlying funds which invest in fixed income or money market instruments. GAPAX seeks long-term growth of capital. Goldman Sachs Equity Growth Strategy Portfolio A has returned 18% over the last one-year period.
As of March 2017, GAPAX held 13 issues, with 22.77% of its assets invested in Goldman Sachs Intl Eq Insghts Instl.
American Century Equity Growth A BEQAX seeks appreciation of capital for the long term. BEQAX invests a bulk of its assets in common stocks of companies, selected on the basis of quantitative management techniques in a two-step process. American Century Equity Growth A has returned 15.3% over the last one-year period.
Claudia Musat is one of the fund managers of BEQAX since 2011.
To view the Zacks Rank and past performance of all large-cap blend Mutual Funds, investors can click here to see the complete list of funds.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>
Get Your Free (BEQAX): Fund Analysis Report
Get Your Free (GAPAX): Fund Analysis Report
Get Your Free (TICRX): Fund Analysis Report
Original post