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By creating a diversified portfolio of both stocks and bonds, balanced 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.
Below we will share with you the 5 highest yielding Zacks #1 ranked balanced mutual funds. Each has earned a Zacks #1 Rank (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 balanced funds, then click here.
|Natixis Income Diversifed A||3.71%|
|Managers AMG Chicago Equity Partners Balanced||3.26%|
|Buffalo Flexible Income||2.94%|
|Mairs & Power Balanced||2.85%|
|MEMBERS Diversified Income A||2.27%|
Natixis Income Diversified A ( IIDPX - MF report ) seeks current income with capital growth as a secondary objective. The fund primarily invests in equity and fixed-income securities which generate income. It aims to holds a diversified portfolio of varied income generating securities. The balanced mutual fund has a three year annualized return of 18.62%.
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 0.88%.
Managers AMG Chicago Equity Partners Balanced (MBEAX) invests around 50-65% of its total assets in equity securities. The balance is utilized to purchase fixed-income securities such as bonds or invested in cash or cash equivalents. The balanced mutual fund has a three year annualized return of 12.42%.
The Fund Manager is David C. Coughenour and he has managed this balanced mutual fund since 2000.
Buffalo Flexible Income (BUFBX) seeks capital growth over the long term with a secondary objective of current income. The fund 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. The balanced mutual fund has a three year annualized return of 17.08%.
As of September 2011, this balanced mutual fund held 90 issues, with 6.62% of its total assets invested in Fidelity Instl MM Fds Government I.
Mairs & Power Balanced ( MAPOX - MF report ) focuses on acquiring common stock, related convertible securities as well as fixed-income securities. The fixed-income securities selected are usually rated relatively higher. The fund may also invest on convertible and non-convertible debt securities with relatively lower ratings. The balanced mutual fund has a three year annualized return of 12.89%.
The balanced mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.81% compared to a category average of 0.98%.
MEMBERS Diversified Income A ( MBLAX - MF report ) seeks both capital growth and income. The fund invests in a wide range of securities such as domestic and foreign bonds and common stock and money market securities. A maximum of 80% of its assets may be invested in bonds and up to 70% in stocks. The balanced mutual fund has a three year annualized return of 9.05%.
The Fund Manager is John H. Brown and he has managed this balanced mutual fund since 1998.
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.
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