Large-Blend Funds Take The Lead For Year-To-Date Total Returns
When it comes to domestic asset classes, the category of large blend has outpaced the others, year-to-date.
Large blend means the portfolio contains investments from throughout the spectrum of available large-cap stocks, interns of size, price and sector. In practice, this can mean that fund returns may be very similar to those of an S&P 500 index, even when investors are paying an active manager.
If large-cap stocks happen to be out of favor at any given time, a large blend fund may lag behind other asset classes.
Fortunately for large-cap investors, those stocks have been in favor this year.
Buffalo Dividend Focus Fund
A top-performing large-blend fund is the Buffalo Dividend Focus Fund (MUTF: BUFDX), with a total return of 21.82 percent so far this year.
This fund invests in dividend-paying equities, including common ad preferred stocks, rights, warrants and convertible securities. It seeks to invest at least 80 percent of its assets in dividend-paying stocks. While the fund's focus is on U.S. stocks, it may also invest up to 20 percent of net assets in American Depositary Receipts of companies based outside the U.S.
Top holdings are:
- Apple Inc. (NASDAQ: AAPL)
- Abengoa Yield PLC (NASDAQ: ABY)
- General Motors Company (NYSE: GM)
- Intel Corporation (NASDAQ: INTC)
- EQT Midstream Partners LP (NYSE: EQM)
Nuveen Concentrated Core Fund
The Nuveen Concentrated Core Fund Class A (MUTF: NCADX) is another that has held the right mix of investments in 2014, for a year-to-date total return of 20.24 percent.
The fund focuses on the larger companies in the Russell 1000 Index of domestic large-cap stocks. The manager selects investments using fundamental and quantitative analysis, and employs risk management screens, as well.
Top holdings are:
- Time Warner Cable Inc (NYSE: TWC)
- Western Digital Corp (NASDAQ: WDC)
- Aetna Inc (NYSE: AET)
- WellPoint Inc (NYSE: WLP)
- Amgen, Inc. (NASDAQ: AMGN)
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