Macquarie Balanced Fund Class Y is a multi-asset mutual fund designed to achieve a balance of capital appreciation and current income. Its primary function is to offer investors broad diversification by allocating assets among equities, fixed income securities, and short-term instruments in response to prevailing market conditions. The fund typically holds a mix of medium- to large-cap companies and a diversified portfolio of bonds, including U.S. Treasury bonds, corporate debt, and mortgage-backed securities, among others. It maintains roughly 50% to 70% equity allocation, with a significant portion also dedicated to domestic fixed income and a smaller exposure to foreign securities. With over 600 individual holdings and substantial total assets, Macquarie Balanced Fund Class Y serves as a core portfolio holding for investors seeking a blend of growth and income across economic cycles. Its disciplined, balanced approach and quarterly dividend payouts make it a notable choice for those aiming to participate in both equity market appreciation and the stability of fixed income within a single fund structure.