Investors looking for bargain, i.e. stocks at a discount, are mostly interested in investing in value stocks. Value stocks are stocks that tend to trade at a price that is lower than its fundamentals (i.e. earnings, book value, Debt-Equity). It is common for some investors to invest in value funds for the income or yield. However, not all value funds are comprised solely of companies that primarily use their earnings to pay dividends. Investors interested in choosing value funds for yield, should be sure to check the mutual fund yield. The mutual fund yield is the dividend payments divided by the value of the mutual fund’s shares. The mutual fund yield is available on the mutual funds quote page on the Zacks website.

Meanwhile, large cap funds usually provides a safer option for risk-averse investors, when compared to small-cap and mid cap funds. These funds have exposure to large cap stocks, providing long-term performance history and assuring more stability than what mid cap or small caps offer.

Below we will share with you 5 top rated large cap value mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect these mutual funds to outperform their peers in the future. To view the Zacks Rank and past performance of all large cap value mutual funds, investors can click here to see the complete list of funds .

Principal LargeCap Value A (PCACX) seeks long-term capital appreciation. The fund invests a lion’s share of its assets in equity securities of companies having large market capitalization during the time of purchase. It primarily invests in undervalued equity securities. It also trades portfolio securities. The large cap value mutual fund returned 10.9% in the last one year period.

The fund has an expense ratio of 0.85% as compared to category average of 1.13%.

Goldman Sachs Large Cap Value A (GSLAX) invests a major portion of its assets in a diversified portfolio of equity securities of large-cap U.S. companies having market capitalization similar to the market capitalization of companies listed in the Russell 1000 Value Index. The fund not only invests in publicly traded domestic securities, it may also invest in foreign securities. The large cap value mutual fund returned 12.6% in the last one year period.

As of December 2014, this mutual fund held 67 issues, with 4.93% of its total assets invested in General Electric Co

Harbor Large Cap Value Investor (HILVX) seeks total return in the long run. The fund invests a large portion of its assets in a diversified portfolio of large cap equity securities of about 35 to 45 companies. It may also invest a maximum 20% of its assets in securities of foreign companies, including companies located in emerging countries. The Subadvisor focusses on companies that are undervalued by the market and have higher quality business. The large cap value mutual fund returned 12.5% in the last one year period.

Howard Gleicher is the fund manager and has managed this fund since 2012.

Boston Partners All Cap Value Investor (BPAVX) invests a lion’s share of its assets in a diversified portfolio of equity securities. The fund may also invest a maximum 20% of its assets in non-U.S. dollar-denominated securities. Through purchase and sale of index and individual put and call options, the fund may hedge its overall portfolio exposure up to 40% of its total assets. The large cap value mutual fund seeks long term capital growth and has returned 14.8% in the last one year period.

The fund has an expense ratio of 0.95% as compared to category average of 1.13%.

Nuveen Large-Cap Value A (NNGAX) seeks capital growth over the long run. The fund invests a major portion of its assets in equity securities of large cap companies. These companies are defined to have market capitalization equivalent to the market capitalization of companies in the Russell 1000 Index. The large cap value mutual fund returned 16.8% in the last one year period.

Robert C. Doll is the fund manager and has managed this fund since 2013.

To view the Zacks Rank and past performance of all large cap value mutual funds, investors can click here to see the complete list of funds .

About Zacks Mutual Fund Rank

By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at  www.zacks.com/funds/mutual-funds .

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