Berwyn Income Fund
Berwyn Income Fund (MUTF:BERIX) is a balanced fund leaning toward income when it comes to its portfolio composition. With 30% in common stocks and another 6% in preferred shares, the $1.5 billion, 26-year-old fund might be conservative in its investing, but its five-star rating from Morningstar is well deserved.
Since inception, Berwyn Income has achieved an annualized total return of 9%. During the past 10 years, it has achieved a similar return to the S&P 500 with far less risk.
Most importantly, its annual expense ratio is 0.64% — considered low among its conservative allocation peers.