American Funds American Balanced Fund® Class A (ABALX)

27.70
Net Asset Value
+0.11%
1 Day
+2.03%
Year-to-Date
Overall Morningstar Rating
Allocation--50% to 70% equity
Style or Category
5.75
Sales Expenses
0.57%
Expense Ratio
Average
Morningstar Risk Rating™
Investment Objective The investment seeks conservation of capital- current income and long-term growth of capital and income. The fund uses a balanced approach to invest in a broad range of securities- including common stocks and investment-grade bonds. It also invests in securities issued and guaranteed by the U.S. government and by federal agencies and instrumentalities. In addition- the fund may invest a portion of its assets in common stocks- most of which have a history of paying dividends- bonds and other securities of issuers domiciled outside the United States.

Performance

1 month+0.44% 3 years+8.87%
3 months+2.61% 5 years+9.46%
1 year+10.16% Since inception+10.68%
Data through --

Peer Comparisonvs. Allocation--50% to 70% equity

 ABALXCategory
Performance 5-yr return+9.46%+6.85%
Expense ratio0.57%1.15%
Risk 5 year sharpe ratio1.300.94
Net assets$132.5B$3.1B
Average market cap$118.1B$69.4B
Average P/E19.519.1
Portfolio turnover95%95%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyAmerican Funds
Fund manager & tenureJohn Smet / 21 Years
Minimal initial investment$250.00
Minimum IRA investment$25.00

Holdings

U.S. stock49.37%
Fixed income39.77%
International stock7.68%
Cash3.11%
Other0.07%
Top 5 Sectors
Portfolio weighting
Industrial materials 20.02%
Financial service 16.57%
Energy 12.42%
Healthcare 11.71%
Consumer service 8.29%
Top 10 Holdings
Portfolio weighting
MSFT Microsoft3.46%
UNH UnitedHealth2.59%
HD Home Depot2.17%
BRKA Berkshire Hathaway2.13%
WFC Wells Fargo1.60%
NKE Nike1.53%
PM Philip Morris1.43%
INTC Intel1.42%
RDSB Royal Dutch Shell1.27%
AVGO Broadcom Inc1.25%