Bruce Fund (BRUFX)

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.

Bruce Fund (MUTF: BRUFX)

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.

Bruce fund details
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 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.


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