OGBCX vs SAGPX Fund Comparison

A comparison between OGBCX and SAGPX based on their expense ratio, growth, holdings and how well they match their benchmark performance.

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Minafi's Take on OGBCX vs SAGPX

Here's an in depth look at the differences between JPMorgan Investor Balanced Fund Class C($OGBCX) and Principal Strategic Asset Management Conservative Growth Fund Class A($SAGPX).

To start off, here's a look at the basics of each fund. Keep an eye on the FI Score. That's a custom score from 0 to 100 that we generate based on how good this fund is for the casual investor. Most investors only need a handful of total funds in their portfolio. The higher the score, the more likely this is one of those few. Score alone isn't enough! Keep reading on to see how different (or perhaps similar) these two funds are.

  • ogbcx
  • Mutual Fund
  • Allocation
  • All-In-One

JPMorgan Investor Balanced Fund Class C

Expenses: 1.08% (Better than 0% of similar funds)

This is a bad choice for a All-In-One Allocation fund. See why »

  • sagpx
  • Mutual Fund
  • Allocation
  • All-In-One

Principal Strategic Asset Management Conservative Growth Fund Class A

Expenses: 0.63% (Better than 1% of similar funds)

This is an OK choice for a All-In-One Allocation fund. See why »

Both $OGBCX and $SAGPX are categorized as Mutual Funds. Mutual funds are often offered by 401(k) platforms and are essentially the same as ETFs. Mutual funds are generally offered by an investment platform – Fidelity has Fidelity mutual funds, Vanguard has Vanguard mutual funds. Mutual funds are ideal for retirement investing since you can invest any amount. That allows you to invest every last cent and benefit from the market.

The biggest disadvantage of mutual funds is that you're usually limited to the funds on your investment platform. If you're investing on Fidelity, you'll want to pick Fidelity mutual funds (or any ETF). Same with Vanguard. Some platforms offer mutual funds from other platforms, but they may charge a purchse or redemption fee. I'd recommend using the same platform as your funds – or stick to ETFs.

To learn more about the difference between these two, you can read about the difference between ETFs and Mutual Funds.

When evaluating a fund, the first things I look at are:

  • What it invests in
  • How much it charges in fees
  • How large the fund is

Let's look into these criteria one by one and see if either of these funds stands out.

Fund Holdings Comparison

Both of these funds are AllocationAll-In-One funds – which means they're likely both investing in about the same investments behind the scenes.

Minafi's FI Score algorithm takes into account the category and market. The more niche a fund is, the lower the score. This doesn't mean it's a worse fund, but it does mean you should stop and make sure this a fund you need to diversify your portfolio.

OGBCXSAGPX
Market Score 8.9 /10 8.4 /10
Category Score 5.0 /10 5.0 /10
Total13.913.4

A score of 10 means this is a solid market and category that almost every investor will want to have investments in. The lower the score, the more specific the investment. These scores are based on when most investors would add these funds to their portfolio. A score of 10 means that this fund (or one like it) belongs in a three-fund portfolio. The lower the score, the farther down in your portfolio a fund would go.

Winner: $OGBCX

Fee Comparison

Fees are one of the biggest killers of portfolio growth. The difference between a 2% fee and a 0.04% fee over 30 years can result in your portfolio having half the total value!

If you're just getting started investing and learning how fees impact your portfolio, I'd encourage you to read through my free investment course (specifically '2.2 - All About Fees') where I go over all the different types of fees you can be charged and how to lower them.

For these two funds, OGBCX has an expense ratio of 1.08% while SAGPX has an expense ratio of 0.63%.

Winner: $SAGPX

Fund Size Comparison

Both OGBCX and SAGPX have a similar number of assets under management. OGBCX has 4.56 Billion in assets under management, while SAGPX has 2.75 Billion.

Minafi categorizes both of these funds as large funds. Fund size is a good indication of how many other investors trust this fund. A large fund by itself doesn't mean it's a good fund, but it is one thing to consider when figuring out how to choose the right fund.

Winner: tie

Which Should You Choose? OGBCX or SAGPX?

Since both of these funds are AllocationAll-In-One funds, you'll most likely only need to invest in one of these funds – not both. Running both of these funds through Minafi's FI Score algorithm, gives OGBCX a score of 49 and SAGPX a score of 63.

Neither of these funds has an FI Score above 90 – which is a red flag. I'd look into more funds to find one with a higher FI Score.

Winner: Neither, I'd research more funds if you're looking to invest for retirement.

$OGBCX

JPMorgan Investor Balanced Fund Class C

49

Read More
Ratings
Rating TypeRating
Expense Ratio Score4/10
Expense Rating0/10
Market Score9/10
Category Score5/10
Overview
OverviewDetails
Fund TypeMutual Fund
Inception DateDec-10-1996
ExchangeNMFQS
Expense Ratio1.080%
Net Assets4.56 Billion
Yield1.34%
Holdings
DescriptionInfo
MarketAllocation
CategoryAll-In-One
Sectors
  • Basic Materials 3.54%
  • Communication Services 8.96%
  • Consumer Cyclical 11.94%
  • Consumer Defensive 6.81%
  • Energy 2.57%
  • Financial Services 16.50%
  • Healthcare 14.46%
  • Industrials 9.03%
  • Real Estate 3.62%
  • Technology 19.34%
  • Utilities 3.22%
Regions
  • Africa/Middle East 0.32%
  • Asia Developed 3.02%
  • Asia Emerging 4.33%
  • Australasia 0.61%
  • Europe Developed 10.58%
  • Europe Emerging 0.41%
  • Japan 3.47%
  • Latin America 0.93%
  • North America 73.56%
  • United Kingdom 2.77%

$SAGPX

Principal Strategic Asset Management Conservative Growth Fund Class A

63

Read More
Ratings
Rating TypeRating
Expense Ratio Score7/10
Expense Rating4/10
Market Score8/10
Category Score5/10
Overview
OverviewDetails
Fund TypeMutual Fund
Inception DateJul-25-1996
ExchangeNMFQS
Expense Ratio0.630%
Net Assets2.75 Billion
Yield1.50%
Holdings
DescriptionInfo
MarketAllocation
CategoryAll-In-One
Sectors
  • Basic Materials 3.62%
  • Communication Services 10.14%
  • Consumer Cyclical 9.56%
  • Consumer Defensive 6.96%
  • Energy 3.73%
  • Financial Services 18.55%
  • Healthcare 13.16%
  • Industrials 7.66%
  • Real Estate 7.98%
  • Technology 14.49%
  • Utilities 4.14%
Regions
  • Africa/Middle East 0.30%
  • Asia Developed 3.90%
  • Asia Emerging 4.19%
  • Australasia 1.10%
  • Europe Developed 11.06%
  • Europe Emerging 0.60%
  • Japan 4.42%
  • Latin America 0.69%
  • North America 70.95%
  • United Kingdom 2.79%

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