The Balanced Allocation Index Fund (FRYBX) is a mutual fund that seeks to provide investors with a balanced portfolio by investing in a mix of stocks, bonds, and other assets. The fund aims to achieve a balance between growth and income, making it suitable for investors with a moderate risk tolerance. FRYBX tracks an index that is composed of a diverse range of assets, providing investors with a well-diversified and low-cost investment option. This fund is ideal for those looking for a long-term investment strategy with a focus on both capital appreciation and income generation.