The Wall Street Journal's Fund Track column Monday touted the J.P. Morgan Income Builder Fund, a retirement investment vehicle that makes diversification its biggest asset.

The fund, launched in May 2007, invests in a mix of stocks and bonds, collateralized mortgage obligations, real-estate investment trusts, convertible bonds, emerging-market equities and global high-yield debt.

Investors are taking to the strategy and the fund's AUM has tripled this year, rising to about $64 million. Since its inception, returns have risen 0.7 percent, and the fund even had gains of 39.5 percent, beating the 26.5 percent of the S&P 500. 

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