Investors looking for a bargain, i.e., stocks at a discount, are mostly interested in investing in value stocks. Value stocks are stocks that tend to trade at a price that is lower than its fundamentals (i.e. earnings, book value, Debt-Equity). It is common for some investors to invest in value funds for the income or yield. However, not all value funds are comprised solely of companies that primarily use their earnings to pay dividends. Investors interested in choosing value funds for yield, should be sure to check the mutual fund yield. The mutual fund yield is the dividend payments divided by the value of the mutual fund’s shares. Meanwhile, large cap funds usually provide a safer option for risk-averse investors, when compared to small-cap and mid cap funds. These funds have exposure to large cap stocks, providing long-term performance history and assuring more stability than what mid cap or small caps offer.

Below we will share with you 5 best-rated large cap value mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) as we expect these mutual funds to outperform their peers in the future. To view the Zacks Rank and past performance of all large cap value funds, investors can click here to see the complete list of funds.

Sterling Capital Behavioral Large Cap Value Equity A (BBTGX - MF report) invests a large chunk of its assets in securities of large cap companies having market capitalizations similar to those listed in the Standard & Poor's 500 Index. BBTGX focuses on acquiring common stocks of companies located in the US. BBTGX may invest in REITs. The Sterling Capital Behavioral Large Cap Value Equity A fund has a three-year annualized return of 10.6%.

BBTGX has an expense ratio of 1.06% as compared to category average of 1.11%.

Vanguard US Value Investor (VUVLX - MF report) seeks capital growth over the long run. VUVLX invests 100% of its assets in common stocks of domestic companies that are believed to be undervalued. VUVLX invests in securities of companies having market capitalizations between large and mid cap size that are expected to have an impressive growth prospect as well as favorable valuations. The Vanguard US Value Investor fund has a three-year annualized return of 13.9%.

As of June 2015, VUVLX held 240 issues with 3.54% of its assets invested in Exxon Mobil Corporation (XOM).

Northern Large Cap Value (NOLVX - MF report) invests a lion’s share of its assets in large cap companies. Companies with market capitalizations identical to those included in the Russell 1000 Value Index are considered as large cap companies by NOLVX’s advisors. The Northern Large Cap Value fund has a three-year annualized return of 11%.

Sridhar Kancharla is one of the fund managers and has managed NOLVX since July, 2015.

Goldman Sachs Large Cap Value Insights A (GCVAX - MF report) seeks long-term capital appreciation. GCVAX invests in securities of companies having market capitalizations within range of the Russell 1000 Index. GCVAX invests in securities of domestic firms and foreign firms that are traded in the US. GCVAX may also invest in fixed income producing securities. The Goldman Sachs Large Cap Value Insights A fund has a three-year annualized return of 12.2%.

GCVAX has an expense ratio of 0.96% as compared to category average of 1.11%.

TIAA-CREF Large-Cap Value Retail (TCLCX - MF report) invests a major portion of its assets in large cap US companies that are believed to be undervalued compare to their industry peers. TCLCX uses market capitalization range of the Russell 1000 Value Index to select large cap companies. TCLCX may invest a maximum of 20% of its assets in non-US securities. The TIAA-CREF Large-Cap Value Retail fund has a three-year annualized return of 11.1%.

As of June 2015, TCLCX held 195 issues with 3.11% of its assets invested in Bank of America Corporation.

To view the Zacks Rank and past performance of all large cap value mutual funds, investors can click here to see the complete list of funds.