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According to U.S. News, the best balanced mutual fund depends on different categories, including the type of allocation. For aggressive allocation, the best balanced mutual fund is the SAAT Moderate Strategy Allocation Fund, whereas for conservative allocation James Balanced: Golden Rainbow Fund ranks highest. For moderate allocation, Mairs & Power Balanced Fund is ranked as best by U.S. News.

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Q: What are the best balanced mutual funds according to US News?
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