As of 2015, the best balanced funds include the LKCM Balanced Fund and the Fidelity Puritan Fund, according to U.S. News and World Report. A balanced fund keeps a steady balance between holdings in both stocks and bonds, usually around a 60/40 split between stocks and bonds, explains Morningstar.Continue Reading
As of October 2014, the Bruce Fund, Dodge & Cox Balanced Fund, and State Farm Balanced Fund are among the top-rated mutual funds best positioned to outperform their peers, according to Zacks.
Balanced funds are good investment options for intermediate-term investors, explains Morningstar. Many balanced funds hold levels of bonds that are too high for many longer-term investors, although some balanced funds offer higher levels of stocks than the typical 60 percent.Learn more about Investing