I'm not a fan of the 5.75% front end load for the A shares of this fund. It takes many years of outperformance for a fund to make up for that up-front hit. Add to that, I think the ER is high, and includes a 12b-1 fee in addition to the front end load.
Combining separate equity and bond funds to achieve desired MA fund objectives is a great idea but I found it requires a good amount of discipline to execute. It may work for buy and holders but those that look at their portfolio everyday often, it is difficult not to compare each fund's performance against its own category and cause execution drift. If anybody wants to try the idea, I suggest opening a separate account just for the idea so it will be a good, continuous reminder why you have the two funds in it.