Mutual Beacon ZBEGRX

Morningstar Rating

Fund Research and Analysis

by Bridget B. Hughes, CFA

Mutual Beacon may have an opportunity to further distinguish itself, but it remains an attractive long-term option nonetheless.

As global markets suffered between October 2007 and early March 2009, this flexible fund was able to pick up some new investments. Read more

Kudos

Has delivered strong long-term returns with much less volatility than rivals.

Focuses on capital preservation as much as on delivering gains. Read more

Risks

Emphasis on the market's unloved can lead the fund into troubled sectors and individual holdings.

Fund's 12b-1 fee is higher than the more common levy of 0.25%.

Performance in recent market downdraft has been worse than expected. Read more

Strategy

This fund tries to sniff out bargains among unloved and downtrodden companies. In addition to equity investments in traditional value areas, such as industrials and financials, it also buys distressed credits. Read more

Management

Michael Embler, who had been on board here since May 2005 and who had served Mutual Series as a distressed-debt expert, left the firm at the beginning of May 2009. Christian Correa joined Embler at the beginning of 2007 and remains part of the management team. Read more

Inside Scoop

Mutual Beacon is one of six Mutual Series funds, all of which use the same three-pronged investment approach. The bulk of the portfolio is invested in stocks the managers believe are undervalued. Read more

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