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Home > Financial Services > Mutual Funds > Fifth Third
Fifth Third
Fifth Third traces its origins to the Bank of the Ohio Valley, which opened its doors in Cincinnati in 1858. In 1871, that bank was purchased by the Third National Bank. With the turn of the century came the union of the Third National Bank and the Fifth National Bank, and eventually the organization became known as "Fifth Third Bank." Since its beginning, Fifth Third has provided superior customer service and followed sound banking principles.
Fifth Third Fund Family offers many mutual funds such as Fifth Third Balanced Fund, Fifth Third Bond Fund, Dividend Growth Fund etc. Fifth Third Balanced Fund seeks capital appreciation and income. The fund invests primarily in a diversifed portfolio of common and preferred stocks, U.S. government securities, convertible securities, investment-grade corporate bonds, and money market instruments. The allocation of assets normally ranges from 50 percent to 75 percent in common stock and convertibles, 25 percent to 40 percent in bonds, and 0 percent to 25 percent in money market instruments. The equity portion tends to be invested in high quality growth companies that are either large or mid-sized. The fixed income portion tends to be invested in high quality bonds with maturities ranging from overnight to 30 years in length. The fund attempts to maintain an average maturity between five and nine years.
Fifth Third Bond Fund seeks high current income. Capital growth is a secondary objective. The fund normally invests at least 80 percent of assets in investment-grade fixed-income securities, including U.S. government and corporate debt, mortgage-backed securities, and bonds convertible into common stocks. Management evaluates current yield, potential for realizing capital appreciation, and maturity and yield to maturity to select securities. The Fund reserves the right to invest up to 20 percent of its assets in other securities, such as high yield securities, foreign bonds, and money market instruments.
Fifth Third Dividend Growth Fund seeks capital appreciation. The fund principally invests in common stocks, though it may invest in investment-grade convertible securities and preferred stocks. It may invest up to 15 percent of assets in illiquid securities.
Fifth Third Equity Index seeks long-term capital appreciation with current income as a secondary objective. The fund invests primarily in companies listed on the S&P 500, and allocates its portfolio among common stocks in approximately the same weightings as the S&P 500.
Effective corporate governance and oversight are important keys to a company's success. Fifth Third has long been known for its commitment to accountability every level of its organization.
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