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Top 5 Balanced Mutual Funds
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ShareBy creating a diversified portfolio of both stocks and bonds, balanced mutual funds ensure that they harness the inherent strengths of both classes of instruments. Most of the competently managed funds in this category keep the proportion of assets invested in different asset classes flexible and make adjustments in keeping with prevailing market conditions. This ensures that fixed-income securities protect the portfolio from losses during a downturn while equity securities harness maximum gains from a rising market. This category of funds could be an excellent choice for investors seeking both capital growth and steady income.
Below we will share with you 5 top rated balanced mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all balanced funds, then click here.
USAA Balanced Strategy (USBSX) seeks both current income and capital appreciation. The fund holds a portfolio consisting of equity securities as well as fixed income and money market securities. It may also utilize other investments such as derivatives to enhance returns and diversify its portfolio. The balanced mutual fund has a three year annualized return of 5.29 %.
The Fund Manager is Russell A. Shtern and he has managed this balanced mutual fund since 2010.
Rainier Balanced Original (RIMBX) invests in a wide range of domestic common stocks, investment grade bonds and cash equivalent instruments. Not more than 25% of its assets may be utilized to purchase foreign securities. The balanced mutual fund has a ten year annualized return of 3.59%.
As of June 2011, this balanced mutual fund held 165 issues, with 2.54% of its total assets invested in Apple Inc.
American Century Balanced (TWBIX) seeks both capital growth and current income. Around 60% of the fund’s assets are utilized to purchase equity securities and the balance is used to acquire fixed income instruments. The balanced mutual fund returned 3.7% in the last one year period.
The balanced mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.91% compared to a category average of 1.03%.
Buffalo Balanced (BUFBX) invests in a mix of domestic common and preferred stocks, convertible securities, and debt. The fund’s debt investments may be rated as well as unrated and may include securities rated below investment grade. The balanced mutual fund has a five year annualized return of 3.76%.
The Fund Manager is John C. Kornitzer and he has managed this balanced mutual fund since 2003.
Natixis Income Diversified A (IIDPX) seeks current income with a secondary objective of capital growth. The fund invests in equity and fixed-income securities which generate income. It aims to holds a wide range of varied income generating securities. The balanced mutual fund has a three year annualized return of 8.33%.
The balanced mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.19% compared to a category average of 0.90%.
To view the Zacks Rank and past performance of all balanced mutual funds, then click here.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds.
Read the full analyst report on USBSX
Read the full analyst report on RIMBX
Read the full analyst report on TWBIX
Read the full analyst report on BUFBX
Read the full analyst report on IIDPX
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| Market Summary | May 26, 2012 16:22 pm ET |
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