Villere Balanced Fund
You probably haven’t heard of this fund. The Villere Balanced Fund (MUTF:VILLX) is run out of New Orleans by the Villere family, which has been a part of the Big Easy’s investment community since 1911. With net total assets of just $484 million, VILLX has a mandate to invest 60% to 70% of those funds in domestic stocks with a minimum market capitalization of $150 million and 30% to 40% of its assets in equity and fixed-income securities that generate sufficient income.
At the end of February, VILLX’s largest holding with a weighting of 4.07% was 3D Systems (NYSE:DDD). Primarily a growth investor, Villere’s portfolio is spread quite evenly between microcap, small-cap, midcap and large-cap stocks. Over the past decade, it has achieved an annual total return of 9.1% — 250 basis points higher than the benchmark index for balanced funds.
As of this writing, Will Ashworth did not hold a position in any of the aforementioned securities.