Investors justifiably gun-shy about excessive exposure to equities will find many different levels of stock market participation in the newest crop of equity funds graded by TheStreet.com Ratings.
For those too rattled by recent market gyrations to go all-in with equity exposure, the 18 newly rated equity funds in the accompanying table range from 22% stock exposure for the conservative Schwab Retirement series of funds to several traditional domestic and foreign-focused funds that are essentially 100% committed to equities.
The quartet of Schwab "Target" funds offers a variety of exposures to equities.
The Schwab Target 2040 Fund
, aimed at younger investors with long time horizons, is 75% committed to stocks. The
Schwab Target 2010 Fund
, which is primarily for more mature clients closer to retirement, is only 54% in stocks.
The Schwab Target series funds use other mutual funds for their portfolio holdings.
Templeton Income Fund
invests worldwide, with some of its portfolio holdings in U.S. corporations. TINCX is 44% exposed to equities and 32% in fixed-income investments. The same general strategy of global investing is used by the
Absolute Strategies Fund
, which is 38% in stocks and 13% in bonds.
ASFAX's largest portfolio holdings include
Bank of New York Mellon
A fund with global scope that is almost fully invested in equities (93% to be exact, with a cash-and-equivalent cushion) is the
Century Shares Trust Fund
. Its major holdings are
While TINCX, ASFAX and CENVX invest domestically and internationally, only two of the funds on the list invest primarily overseas. The institutional
Nicholas-Applegate International Systematic Fund
- which requires a minimum initial investment of $250,000 to sit at the table - and the
ING VP Index Plus International Equity Fund
, both search for investments outside the U.S.
A more traditional offering is the
MainStay Large Cap Opportunity Fund
. Its major holdings include domestic giants such as
Johnson & Johnson
Richard Widows is a senior financial analyst for TheStreet.com Ratings. Prior to joining TheStreet.com, Widows was senior product manager for quantitative analytics at Thomson Financial. After receiving an M.B.A. from Santa Clara University in California, his career included development of investment information systems at data firms, including the Lipper division of Reuters. His international experience includes assignments in the U.K. and East Asia.