James Balanced Golden Rainbow Fund
When it comes to picking a conservative allocation fund for your portfolio, there is no better place to turn than the James Balanced Golden Rainbow Fund (GLRBX). This five-star Morningstar-rated fund has been persistently outperforming its peers for more than two decades. Its investment mandate is to achieve total return through both growth and income while preserving capital in declining markets.
The fund primarily invests in undervalued stock and fixed-income securities with a healthy balance between the two asset classes. One of the keys to the funds success has been the leeway it gives its managers to increase or decrease the amount of stock or bond exposure in the portfolio. That way, they are able to tactically shift their strategy to adapt to changing market conditions.
With a total expense ratio of 1.07%, GLBRX is a bargain for the expertise and track record that it has provided investors for the past two decades.