How 15 major balanced funds performed
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It’s hard to recover from a market crash if you need income
This table shows how 15 major balanced funds performed from January 2007 through March. The list is rank-ordered by end value and shows the difference between investors who reinvest and the ones who are taking distributions. The figure in parentheses is the percentile rank over the preceding three years against other moderate allocation mutual funds:
I With $40,000 distributed annually Oakmark Equity & Income 1 (31) FPA Crescent (4) T. Rowe Price Capital Appreciation (5) Vanguard Wellington Admiral (27) Fidelity Balanced (44) Vanguard Balanced Index Admiral (30) Vanguard Tax-Managed Balanced (45) T. Rowe Price Balanced (30) American Funds Am. Balanced A (40) PIMCO All Asset A (6) JHancock2 Lifestyle Balanced A (33) Invesco Balanced A (64) JHT Lifestyle Balanced Series 1 (62) Dodge & Cox Balanced (68) American Funds Inc. Fund of Am. A (50)
SOURCE: Morningstar Principia, March 31
I With dividends and gains accumulated
$1,018,719 $1,216,573 $987,281 $1,189,495 $901,439 $1,101,666 $846,462 $1,035,652 $843,926 $1,037,503 $843,583 $1,034,644 $839,572 $1,024,975 $838,130 $1,031,343 $819,384 $1,010,664 $802,551 $980,933 $779,122 $968,310 $778,161 $965,525 $727,103 $910,825 $723,122 $913,085 $699,990 $882,271
Betsy Bock/Staff Artist
This table shows how 15 major balanced funds performed from January 2007 through March. The list is rank-ordered by end value and shows the difference between investors who reinvest and the ones who are taking distributions. The figure in parentheses is the percentile rank over the preceding three years against other moderate allocation mutual funds:
I With $40,000 distributed annually Oakmark Equity & Income 1 (31) FPA Crescent (4) T. Rowe Price Capital Appreciation (5) Vanguard Wellington Admiral (27) Fidelity Balanced (44) Vanguard Balanced Index Admiral (30) Vanguard Tax-Managed Balanced (45) T. Rowe Price Balanced (30) American Funds Am. Balanced A (40) PIMCO All Asset A (6) JHancock2 Lifestyle Balanced A (33) Invesco Balanced A (64) JHT Lifestyle Balanced Series 1 (62) Dodge & Cox Balanced (68) American Funds Inc. Fund of Am. A (50)
SOURCE: Morningstar Principia, March 31
I With dividends and gains accumulated
$1,018,719 $1,216,573 $987,281 $1,189,495 $901,439 $1,101,666 $846,462 $1,035,652 $843,926 $1,037,503 $843,583 $1,034,644 $839,572 $1,024,975 $838,130 $1,031,343 $819,384 $1,010,664 $802,551 $980,933 $779,122 $968,310 $778,161 $965,525 $727,103 $910,825 $723,122 $913,085 $699,990 $882,271
Betsy Bock/Staff Artist
