St. Denis J. Villere & Co. LLC announced that its Villere Balanced Fund (VILLX) has been awarded two 2014 Lipper Fund Awards for the third consecutive year.

The fund was awarded best mixed-asset target allocation growth fund for superior performance based on risk-adjusted, consistent returns for both the three- and five-year periods ended Nov. 30, 2013, among 505 and 467 funds, respectively.

“Winning a Lipper award three years in a row is an honor that highlights our team’s dedication to our strategy. The fund is managed according to the same discipline and values that our firm has followed in managing separate accounts for our clients for more than 100 years.” said George Young, partner and portfolio manager for Villere & Co., adviser to the fund.

Villere & Co. was founded by St. Denis J. Villere in 1911 and has been operated continuously by four generations of the Villere family.