Fund Evaluator:
James Balanced: Golden Rainbow R (GLRBX)
Follow This Fund
Best Performing in Moderately Conservative Allocation Over the Last Year
| 14.4% | Hennessy Balanced Investor (HBFBX) |
| 14.4% | Fidelity Strategic Real Return (FSRRX) |
| 14.3% | Fidelity Advisor Strategic Real Ret Z (FIQDX) |
| 12.8% | Fairholme Focused Income (FOCIX) |
| 12.4% | Victory Growth and Tax Strategy (USBLX) |
Fund Details
James Balanced: Golden Rainbow R Overview
James Balanced: Golden Rainbow R (GLRBX) is an actively managed Allocation Moderately Conservative Allocation fund. James Advantage launched the fund in 1991.
The investment seeks to provide total return through a combination of growth and income and preservation of capital in declining markets. Under normal circumstances, the fund invests primarily in equity securities of foreign and domestic companies that the Adviser believes are undervalued, and in fixed income securities. The fund will normally hold both equity securities and fixed income securities, with at least 25% of its assets in equity securities and at least 25% of its assets in fixed income securities.
About James Balanced: Golden Rainbow R (GLRBX)
There are 3 members of the management team with an average tenure of 21.48 years: R. Culpepper (1998), Brian Shepardson (2001), Trent Dysert (2014). Management tenure is more important for actively managed funds than passive index funds.
The fund has 4 primary benchmarks: VettaFi US Equity 3000 TR USD index with a weighting of 100%, Bloomberg Interm US Govt/Mortgage TR USD index with a weighting of 50%, VettaFi US Eq Large/Mid-Cap 1000 TR USD index with a weighting of 25% and VettaFi US Eq Small-Cap 2000 TR USD index with a weighting of 25%. James Balanced: Golden Rainbow R has 118 securities in its portfolio. The top 10 holdings constitute 32.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
James Balanced: Golden Rainbow R is part of the Allocation global asset class and is within the Allocation fund group. James Balanced: Golden Rainbow R has 6.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 45.4%. There is 6.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 41.5% (41.5% domestic bond, 0.0% foreign bond and 0.0% convertible bond). James Balanced: Golden Rainbow R has 3.7% of the portfolio in cash.
Assets Under Management
The fund has $314 million in total assets, which is below the $561 million average for the Moderately Conservative Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
GLRBX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The James Balanced: Golden Rainbow R expense ratio is high compared to funds in the Moderately Conservative Allocation category. James Balanced: Golden Rainbow R has an expense ratio of 1.23%, which is 22% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. James Balanced: Golden Rainbow R has a portfolio turnover rate of 27%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 43% for the Moderately Conservative Allocation category.
Recently, in the month of July 2026, James Balanced: Golden Rainbow R returned -0.2%, which earned it a grade of C, as the Moderately Conservative Allocation category had an average return of -0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
James Balanced: Golden Rainbow R has a trailing yield of 1.14%, which is below the 3.29% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
James Balanced: Golden Rainbow R Grades
Year to date, the fund has returned 5.5%, 0.7 percentage points better than the category, which translates into a grade of B. The fund has returned 13.1% over the past year (grade of A), 11.5% over the past three years (grade of A) and 6.2% per year over the past five years (grade of A) and 4.8% per year over the past 10 years (grade of F).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about James Balanced: Golden Rainbow R, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
GLRBX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GLRBX Return (NAV) | -0.2% | 0.8% | 13.1% | 11.5% | 6.2% | 4.8% |
| GLRBX Grade | C | F | A | A | A | F |
| +/- Category | 0.1% | -0.4% | 2.7% | 2.1% | 1.6% | -1.1% |
| Moderately Conservative Allocation Avg | -0.3% | 1.2% | 10.4% | 9.4% | 4.6% | 6.0% |
| GLRBX Tax Cost Ratio | na | na | 1.3% | 1.0% | 1.2% | 1.3% |
GLRBX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GLRBX Return (NAV) | 5.5% | 13.2% | 12.3% | 11.5% | -12.8% | 12.7% | 1.5% | 12.1% | -10.5% | 6.0% | 4.2% |
| GLRBX Grade | B | A | A | B | C | B | F | F | F | F | F |
| +/- Category | 0.7% | 1.7% | 3.9% | 1.5% | -1.0% | 2.7% | -6.5% | -3.5% | -6.2% | -3.8% | -4.3% |
| Moderately Conservative Allocation Avg | 4.8% | 11.5% | 8.3% | 10.0% | -11.8% | 10.0% | 8.1% | 15.6% | -4.3% | 9.8% | 8.5% |
| Risk Measures | |
| Standard Deviation: | 7.6% |
| Total Risk Index: | 0.62 - Below Average |
| Category Risk Index: | 1.03 - Above Average |
| Category Risk Grade: | D (66% Rank) |
| Beta: | 0.76 |
| R-Squared: | 88% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 1.1% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $417 Mil |
| Fund Total Assets: | $ 314 Mil |
| Share Class Type: | Adv |
| Portfolio Turnover: | 27% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 27.9 years | |||
| Average Tenure: 21.5 years | |||
| Managers (Year): Culpepper R. (1998), Shepardson Brian (2001), Dysert Trent (2014) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 118 |
| % in Top 10 Holdings: | 32.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 6.1% |
Portfolio Allocation |
|
| Domestic Stock: | 45.4% |
| Foreign Stock: | 6.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 41.5% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 3.4% |
| Cash: | 3.7% |
Purchase Information
| Fund Family: | James Advantage |
| Phone Number: | 800-995-2637 |
| Website: | www.jamesfunds.com |
| Status: | Open |
| Inception Date: | July 1, 1991 |
| Min. Initial Purchase: | $2,000 |
| Min. Initial IRA Purchase: | $ 500 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.23% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.01% |
| Share Class: | James Balanced: Golden Rainbow R |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
