ING Value Choice Fund (PAVAX) Class A

There are three types of large cap US stock mutual funds: large blend, large value, and large growth. Large Blend funds returns are often similar to those of the S&P 500 Index. One of the top large blend stock mutual funds is ING Value Choice fund. You can find the review below.

ING Value Choice A (PAVAX)

The investment aim of ING Value Choice fund is to achieve long-term capital appreciation. This U.S. stock fund invests mainly in undervalued equity securities of companies with varying market capitalizations of any size. It may invest include common and preferred stocks, depositary receipts, and convertible securities.

Fund Details
  • Fund Inception Date: 02/01/2005
  • Ticker Symbol: PAVAX
  • CUSIP: 44980Q708
  • Beta (3yr): 0.85
  • Rank in category (YTD): 8%
  • Category: Large Blend
  • Yield: 0.76%
  • Capital Gains: 0%
  • Expense Ratio: 1.39%
  • Net Assets: $ 832.83 million
  • Number of Years Up: 4 years
  • Number of Years Down: 2 years
  • Annual Turnover Rate: 66%
Updated on 4/10/2012

ING Value Choice fund
David B. Iben has been the fund manager since its inception in 2005. This best equity fund has 12-month dividend yield of 0.76%. It is distributed on annual basis. The annual expense ratio of this fund is 1.39%> The total net assets of this PAVAX fund are $832.83 million. The annual holdings turnover as of February 13, 2012 is 66.00%. This is a bit higher than the average in the Large Blend category (50.87%). The benchmark of this fund is Russell 3000 Value.

Top US Stock Mutual Funds 2011

Morningstar has rated this fund with 5-star rating. The YTD return of this large blend stock mutual fund is 6.91%. The fund has returned -5.27% over the past 1-year and 5.09% over the past 5-year. The worst 1-year total return was occurred in year 2008 with -36.08% and the best performance was achieved in 2009 with 55.21%. The performance of this fund since the inception is:
  • Year 2006: 26.31%
  • Year 2007: 11.41%
  • Year 2008: -36.08%
  • Year 2009: 55.21%
  • Year 2010: 24.28%
The complete classes of this equity mutual fund are Class A (PAVAX), Class C (PAVCX), Class I (PAVIX) and Class W (IVCWX). The minimum initial investment needed to start investing in the brokerage account is $1.000. Lower amount needed for IRA account ($250). There is no minimum subsequent purchase. This fund can be purchased through a range of 92 brokerages include JP Morgan, Vanguard, Merrill Lynch, E Trade Financial, Schwab Retail, Ameriprise Brokerage, Firstrade, Raymond James, Edward Jones, etc. The 12b1 fee is 0.25% and the front-end sales load fee is 5.75%.

Fund Composition

This US stock mutual fund has a total of 76 holdings as of January 2012. The top 10 stocks in its holdings are Cameco Corp (4.31%), Barrick Gold Corp (3.95%), Newmont Mining Corp (3.71%), Microsoft Corp (3.40%%), Kinross Gold Corp (2.78%), Polyus Gold International Ltd (2.69%), Chesapeake Energy Corp (2.65%), Newcrest Mining Ltd (2.47%), American International Group Inc (2.46%) and Eli Lily & Co (2.45%).

The top 5 sectors are Materials (23.40%), Energy (18.95%), Information Technology (11.93%), Financials (10.23%) and Industrials (9.60%).

Note: This fund may be limited to new investors.

The investment risks of this best US stock mutual fund are: Company Risk, Convertible Securities Risk, Currency Risk, Derivatives Instruments Risk, Foreign Investments risk, Developing and Emerging Markets Risk, Investment Model Risk, Liquidity Risk, Market Risk, Value Investing Risk, etc.

Disclosure: No Position


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