James Balanced: Golden Rainbow R (GLRBX) Fund

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As part of conservative allocation balanced fund, James Balanced Global Rainbow R is also considered among the best balanced fund. The following article will provide the fund’s review and details such as fund’s yield, top 10 holdings, objective, and more.

James Balanced: Golden Rainbow R (Ticker: GLRBX)

The James Balanced: Golden Rainbow fund’s objective is to achieve total return through a combination of growth and income and preservation of capital in declining markets. This James Advantage fund invests mainly in undervalued foreign & domestic equity securities and in fixed income securities. It typically holds both equity securities and fixed income securities, with > 25% of assets in equity securities (stocks) and >25% of assets in fixed income securities (bonds). Some or all of equity portion of the fund may be invested in small and micro capitalization companies.

Fund Details
James Balanced: Global Rainbow R fund
  • Fund Inception Date: July 1, 1991
  • Ticker Symbol: GLRBX (Retail Class)
  • CUSIP: 470259102
  • Beta (3yr): 0.62
  • Rank in category (YTD): 29%
  • Category: Conservative Allocation
  • Distribution Rate: 1.16%
  • Net Assets: $ 1.12 billion
  • Sales Load: 0.0%
  • Expense Ratio: 1.12%
  • Capital Gains: N/A
  • Number of Years Up: 16 years
  • Number of Years Down: 3 years
Updated on 10/19/2011

Frank Brian James has been the lead fund’s manager of this fund since December 1995. He is the founder and chairman of James Investment Research. This fund was introduced to public in July 1991. This GLRBX fund requires a minimum of $2,000 to open a brokerage account in this fund with no minimum subsequent investment. For IRA account, you can start buying this fund with a minimum initial investment of $500.

This fund has no sales-load fee (i.e. also known as no load fund). The 12b1 fee is 0.25%. It has 1.16% dividend yield. The last dividend distributed in June 2011 ($0.05). It also has an annual expense ratio of 1.12%. This expense fee of this best fund is higher than the average in the Conservative Allocation fund category which is 0.90%.

This GLRBX fund has returned 10.86% over the past one year, 6.06% over the past five years and 7.26% over the past decade. Since its inception 19 years ago, this fund has achieved 16 years of positive performance. The highest return so far was in 2003 with 18.20% and the lowest in 2008 with -5.52%. Currently, the fund’s year-to-date return is 2.60% and the 5-year average return is 6.06%. This best rated fund has gained 5-stars return rating from Morningstar.

This James Balanced fund is under the management of James Advantage fund. It can be purchased from 74 brokerages such as E Trade Financial, JP Morgan, Schwab Retail, LPL SAM Eligible, Dreyfus NTF, Ameriprise Brokerage, etc. The other class of this fund is the Institutional Class (GLRIX). The CUSIP of GLRIX fund is 470259821. It has 0.88% annual expense ratio.

The top 5 equity sectors are Finance, Technology, Basic Materials, Consumer Non-Cyclical and Energy. The top 5 fixed sectors are US Treasury (47.18%), MBS (4.32%), Municipal (2.85%), Sovereign (2.47%), and Corporate (0.45%).

From the second quarter report, the top 10 equity holdings of this Best Balanced fund as of April 2011 are International Business Machine (1.25%), Dollar Tree, Inc (1.21%), Triumph Group Inc (1.11%), Cummins Inc (1.01%), Apache Corp (1.00%), Western Digital Corp (0.93%), Rent-A-Center Inc (0.93%), Chevron Corp (0.89%), FMC Corp (0.87%) and Archer Daniels Midld (0.86%).

According to the fund’s prospectus, the fund's principal risks include Equity Market Risk, Fixed Income Risk, Management Risk, Small Cap Company Risk, Foreign Investment Risk, Municipal Securities Risk, Sovereign Debt Risk and Exchange Traded Fund Risk.

Disclosure: No Position

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