Gold-Rated Funds With Women Managers
These funds have delivered great returns and income.
Correction (March 7, 2024): This video was unpublished and reshot to correct an error. Patrice Collette was incorrectly listed as a female manager of American Funds International Growth and Income.
Russel Kinnel: There have been good women fund managers since before I started at Morningstar in the 1990s. Today most good funds have multiple managers, so it may be a little less obvious where the women managers are. Today I’ll highlight three Gold-rated funds with women managers. Two are led by well-known industry veterans Dana Emery and Mary Ellen Stanek. Let’s dive into each fund.
Gold-Rated Funds With Women Managers
1. Dodge & Cox Income DODIX
2. American Funds International Growth and Income IGAAX
3. Baird Aggregate Bond Institutional BAGIX
First, Dodge & Cox Income is a true standout. The core-plus bond fund is best known for its corporate bond sleeve, but it also has government and mortgage bonds. Dana Emery leads the fund, but the fund also counts director of fixed income Lucy Johns among the eight managers guiding the team. It’s an extraordinary fund that has produced top-quartile returns over the trailing three-, five-, 10-, and 15-year periods.
American Funds International Growth and Income is a dividend-driven fund that is very much in Capital Group’s wheelhouse. Lisa Thompson and Barbara Burtin are two of the seven portfolio managers guiding the fund. Each manager builds their portfolio independently of the others, and the fund is the combined effort of those stock picks. From the fund’s 2008 inception, it leads the category benchmark with returns of 6.2% annualized compared to 4.8% for the benchmark.
Finally, Baird Aggregate Bond manager Mary Ellen Stanek won our 2022 Outstanding Portfolio Manager award. Along with co-CIO Warren Pierson, Stanek guides the 10-person management team at this fund. Baird runs a conservative strategy that only takes modest bets versus the benchmark. The fund has been a consistent performer over the long haul and is one of the more reliable funds around.
Watch 3 Great Funds for an IRA for 2024 for more from Russ Kinnel.
The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar’s editorial policies.