From Nasdaq: 2024-11-19 04:45:00

Balanced funds offer convenience by combining equity and bond investments to reduce volatility and provide higher returns. Fund managers can adjust the asset allocation based on market conditions for better performance. Three top-ranked balanced mutual funds are Permanent Portfolio (PRPFX), State Farm Balanced Fund (STFBX), and BlackRock Tactical Opportunities Inv (PCBAX) with Zacks Rank #1.

Permanent Portfolio (PRPFX) aims to preserve and increase share value over the long term by investing in various assets. It has a 9% three-year annualized return and is managed by Michael Joseph Cuggino since 2003. State Farm Balanced Fund (STFBX) seeks income and growth, with a 6.7% three-year annualized return and 8.4% of assets in Apple Inc.

BlackRock Tactical Opportunities Inv (PCBAX) focuses on long-term capital appreciation through a mix of equity and fixed-income securities, boasting a 6.6% three-year annualized return and 1.06% expense ratio. Investors can access the complete list of balanced mutual funds and key information through Zacks’ free Fund Newsletter for top news and analysis.



Read more at Nasdaq: 3 Balanced Mutual Funds for Stable Returns