Bruce fund (BRUFX) is among the top performer and best rated
moderate allocation balanced fund. It invests in bonds and stocks. You may find
the fund review below.
The minimum balance needed to open a brokerage account in
this fund is $1,000 with $500 minimum subsequent investment. For retirement
(IRA) account or tax deferred account, please check with your account administrator. According to the fund’s website,
this fund is currently not available for sale in Nebraska or Texas. For 2011 year-to-date, this BRUFX fund has
returned 9.49%. This 5 stars rated fund has returned 23.93% over the past year,
and 17.19% over the past decade. There is no other class available for this
best rated fund.
The Bruce fund objective is to achieve long-term capital
appreciation. The fund invests primarily in domestic common stocks and bonds, including
convertible bonds and zero coupon treasury government bonds. This Bruce fund
invests in domestic common stocks of any capitalization where the overriding
strategy is long-term capital appreciation. It may also invest in foreign
securities.
Rated forth in the best funds of Forbes list, this Bruce
fund has been managed by Robert B. Bruce since its inception in October 1983. He
has been president of Bruce & Company since 1974. This moderate allocation
balanced fund is categorized in Moderate Allocation category. The fund has no management
fee and no front-end sales load fee.
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| Bruce fund details |
The top holdings of this balanced mutual fund as of June 2011
represent 35.34% of the total portfolio. The assets allocation of BRUFX fund is
40.33% in Stock, 25.73% in Bond, 16.95% in Cash and 16.99% in Other. The top
sectors of Bruce Fund are Healthcare (17.14%), Consumer Cyclical (14.94%),
Industrials (13.32%), Technology (12.22%) and Utilities (11.92%).
Disclosure: No Position
If you are interested in balanced fund, please check my previous articles.
If you are interested in balanced fund, please check my previous articles.
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