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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 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, investors can click here to see the complete list of funds.
Villere Balanced (VILLX - MF report) seeks capital appreciation over the long term. The fund purchases domestic common stocks as well as fixed income securities of high quality. These common stocks must have been issued by companies with market capitalizations of $150 million or more. The balanced mutual fund returned 8.83% in the last one year period.
The balanced mutual fund has a minimum initial investment of $2,000 and an expense ratio of 1.11% compared to a category average of 0.98%.
Weitz Balanced (WBALX - MF report) invests 50% to 75% of its assets in common stocks, rights warrants and convertible preferred stock. A minimum of 25% of the fund’s assets are utilized to purchase fixed-income securities rated investment grade. The balanced mutual fund returned 2.27% in the last one year period.
The fund manager is Bradley P. Hinton and he has managed this balanced mutual fund since 2003.
Victory Balanced A (SBALX - MF report) seeks to provide current income and capital appreciation over the long term. Between 40 to 75% of the fund’s assets are utilized to purchase equity and convertible securities and at least 25% of its assets are invested in debt and preferred stock. The balanced mutual fund returned -2.31% in the last one year period.
The balanced mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.11% compared to a category average of 0.98%.
Mairs & Power Balanced (MAPOX - MF report) focuses on acquiring common stock, related convertible securities as well as fixed-income securities. The fund focuses on acquiring investment grade fixed-income securities with higher ratings. It may also invest in convertible and non-convertible securities with lower ratings. The balanced mutual fund returned 3.22% in the last one year period.
As of December 2011, this balanced mutual fund held 186 issues, with 2.91% of its total assets invested in 3M Co.
American Century Balanced (TWBIX - MF report) 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 5.43% in the last one year period.
The Fund Manager is Robert Gahagan and he has managed this balanced mutual fund since 2005.
To view the Zacks Rank and past performance of all balanced mutual funds, investors can click here to see the complete list of funds.
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.