Balanced Fund : Overview

Fund Statistics

As of June 30, 2019
Total Net Assets (Millions) $83.9
Net Asset Value (NAV) as of 08/22/19 $14.32
Expense Ratio (Gross | Net) %* 0.97 | 0.70
Sales Charges None
Redemption Charge None
Minimum Investment $1,000,000
Ticker Symbol WBAIX
CUSIP Number 94904P815
Fund Number 5400
Inception Date October 1, 2003
Fund Manager

Morningstar Rating :

As of July 31, 2019

Morningstar Quantitative Rating :

As of June 30, 2019

Morningstar Style Box :

As of July 31, 2019
Allocation--30% to 50% Equity

Balanced Fund Objective

The Balanced Fund is a no-load stock and bond fund. The goal of the fund is preservation of capital and long-term growth. The Balanced Fund generally invests at least 25% of its assets in common stocks and securities that are convertible to stock. At least 25% of total assets is invested in investment-grade bonds to offer income opportunities. The Fund may also invest up to 20% of its total assets in unrated or non-investment grade fixed income securities.

*As of 3/29/19

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The Morningstar RatingTM for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product›s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Balanced Fund was rated against the following numbers of Allocation--30% to 50% Equity funds over the following time periods: 463 funds in the last three years, 367 funds in the last five years, and 261 funds in the last ten years. Past performance is no guarantee of future results.