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Home > Financial Services > Mutual Funds > Coventry Group
Coventry Group
Coventry Group mutual funds provide various plans in mutual funds like 1st Source Monogram Divr Equity, Boston Equity fund, Boston Balanced fund, Signal Income A fund, Walden Social Equity and many more.
1st Source Monogram Divr Equity investment seeks capital appreciation. The Fund normally invests primarily in common stocks and securities transferable into common stocks of companies with market capitalization of $5 billion or greater which the Advisor believes are expected to show above-average revenue and earnings growth and are considered to be leaders within their industry sectors.
Boston Balanced fund seeks income and long-term capital growth. The fund invests in a mix of stocks, bonds, and money-markets. To determine asset allocation, the mentor considers macroeconomic variables including interest-rates, inflation, company profits, unemployment, the dollar, and the relative price of the securities in the market. It may invest up to 20 percent in debt rated lower than B, and up to 15 percent in foreign securities.
Boston Equity fund seeks long-term capital growth through an actively managed group of stocks. The fund invests at least 80 percent of its assets in equity securities, including common stocks, preferred stocks, securities exchangeable into common stocks, warrants and any rights to purchase common stock. The fund may invest in fixed-income securities, obligations issued by agencies of the US government, securities of foreign issuers.
Signal Income Fund seeks current income with capital preservation. The fund must invest at least 65 percent of its assets in debt securities. The fund only invests in debt securities that are in the four highest categories of a nationally recognized statistical rating organization. The fund invests in various fixed income securities.
Walden Social Equity Fund seeks long-term growth of capital. The fund will invest no less than 65 percent of assets in equity securities. It may also invest in fixed-income securities, American Depositary Receipts and European Depositary Receipts.
Coventry Group Australian Smaller Companies Fund regained 1.2 percent for the month, which was below the 2.9 percent index return for the month. The major detractor from performance was not holding Babcock and Brown, which rallied 28 percent and is now capped at over $3 billion. For the month, the Fund benefited from good gains in Australian Infrastructure Fund 7.7 percent, Coventry Group 15.0 percent, Adstream Marine 7.6 percent, and Prime TV 4.0 percent, whilst Grain Corp 12.4 percent and Cellnet 10.7 percent disappointed.
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