Back to Mutual Funds

Balanced Fund (SVBIX)

Daily Price as of 1/17/18

21.15 0.07 0.33

Management Team

No Photo Available
Jeffrey N. Given, CFA

On the fund since 2006
Investing since 1993

No Photo Available
Michael J. Scanlon, Jr. CFA

On the fund since 2015
Investing since 2000

No Photo Available
Lisa A. Welch

On the fund since 2016
Investing since 1986

Top Holdings (%)

as of 12/31/17
Federal National Mortgage Association 5.00
U.S. Treasury Note/Bond 3.79
Alphabet, Inc., Class A 2.87
JPMorgan Chase & Co. 2.79
Apple, Inc. 2.68, Inc. 2.68
Microsoft Corp. 2.19
Lowe's Cos, Inc. 1.88
Federal Home Loan Mortgage Corp. 1.81
Berkshire Hathaway, Inc. 1.72
The Fund’s holdings are subject to change at any time. Characteristics are expressed as a percentage of net assets except for certain closed-end funds where characteristics are expressed as a percentage of total managed assets.

All Funds (with the exception of the Money Market Fund) exclude cash and cash equivalent securities from Top holdings and Top issuers.

Goal and strategy

The fund seeks current income, long-term growth of capital and income, and preservation of capital. To pursue these goals, the fund allocates its investments among a diversified mix of debt and equity securities. With regard to the fund’s equity securities, the managers look for companies that appear to be undervalued compared to their historical valuations relative to the market. The fund’s debt securities are used to enhance current income and provide some stability.

Average Annual Total Returns1

Month-End Performance (%) as of 12/31/17
(not annualized)
Quarter-End Performance (%) as of 12/31/17
(not annualized)

Cumulative Returns

Month-End Performance (%) as of 12/31/17

The performance data shown represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so that investors' shares, when sold, may be worth more or less than their original cost. See performance data current to the most recent month-end, which may be higher or lower than that cited.

Performance figures assume that all distributions are reinvested.

Performance shown is for the share class indicated only. The performance of other share classes will vary. The Fund Operating Expenses are 0.83%.

Morningstar Rating3

Overall Rating

As of 12/31/17 the Fund was rated 4 stars out of 718 funds, 4 stars out of 670 funds and 4 stars out of 477 funds for the 3-, 5- and 10-year periods, respectively.

Overall rating is based on the 3-, 5-, and 10-year (if applicable) Morningstar Risk-Adjusted Returns and accounts for variation in a fund's monthly performance. Other classes may be rated differently.

The funds have experienced negative performance for various time periods, including, but not limited to, the 3-, 5-, or 10-year periods for which the Morningstar star ratings are issued.

For each managed product (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a 3-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return that accounts for variation in a fund’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. The top 10.0% of funds in each category, the next 22.5%, 35.0%, 22.5%, and bottom 10.0% receive 5, 4, 3, 2, or 1 star(s), respectively. The overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. The rating formula most heavily weights the 3-year rating, using the following calculation: 100% 3-year rating for 36 to 59 months of total returns, 60% 5-year rating/40% 3-year rating for 60 to 119 months of total returns, and 50% 10-year rating/30% 5-year rating/20% 3-year rating for 120 or more months of total returns. Star ratings do not reflect the effect of any applicable sales load. Past performance does not guarantee future results.

1 10/5/92 is the inception date for the oldest class of shares, Class A shares. Class R1, R3, R4 and R5 shares were first offered on 9/8/08; Class R6 shares were first offered on 9/1/11; Class R2 shares were first offered on 3/1/12; returns prior to these dates are those of the Class A shares that have been recalculated to reflect the gross fees and expenses of Class R1, R2, R3, R4, R5 and R6 shares.
2 As of the most recent month end. The Morningstar Style Box™ reveals the fund’s investment style.

For equity funds, the vertical axis shows the market capitalization, or size, of the stocks owned and the horizontal axis shows investment style (value, blend, or growth).
3 Morningstar proprietary ratings reflect risk-adjusted performance through the most recent month end. The ratings are subject to change every month.