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ABALX American Funds American Balanced A

  • Fund
  • ABALX
  • Price as of: Aug 22, 2017
  • $26.62
  • + $0.14
  • + 0.53%
  • Category
  • Diversified Portfolio

ABALX - Profile

Vitals

  • YTD Return 7.3%
  • 3 Yr Annualized Return 1.3%
  • 5 Yr Annualized Return 5.9%
  • Net Assets $113 B
  • Holdings in Top 10 20.0%

52 WEEK LOW AND HIGH

$26.62
$24.51
$26.72

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.59%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 79.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$250

IRA

$25

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 7.3%
  • 3 Yr Annualized Total Return 6.2%
  • 5 Yr Annualized Total Return 11.0%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.67%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name American Funds American Balanced Fund®
  • Fund Family Name American Funds
  • Inception Date Jul 25, 1975
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Jeffrey T. Lager

Fund Description

The American Funds American Balanced Fund Class A (ABALX) is an actively managed moderate-allocation mutual fund that seeks to conserve capital while providing income and some growth. As a balanced fund it owns both stocks and bonds with the normal 60/40 tilt. ABALX holds individual stocks and bonds rather than using indexes or other funds. ABALX is primarily a U.S.-based fund, although it can purchase up to 15% in international assets.

Despite its average costs, ABALX makes for an ideal core holding in any portfolio. The fund is managed by Capital Research and Management Company.

ABALX - Performance

Return Ranking - Trailing

Period ABALX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.3% -49.2% 433.8% 24.01% 2
1 Yr 5.7% -26.7% 45.9% 29.78% 2
3 Yr 1.3% * -16.8% 11.8% 22.88% 2
5 Yr 5.9% * -11.0% 15.6% 13.61% 1
10 Yr 3.1% * -5.4% 8.2% 14.33% 1

* Annualized


Return Ranking - Calendar

Period ABALX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 4.1% -65.8% 23.3% 29.10% 2
2015 -3.7% -37.7% 48.7% 18.53% 2
2014 1.4% -59.3% 22.9% 32.98% 2
2013 19.7% -17.5% 36.4% 6.63% 1
2012 12.0% -16.2% 18.4% 8.54% 1

Total Return Ranking - Trailing

Period ABALX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.3% -49.2% 433.8% 24.14% 2
1 Yr 6.1% -28.0% 73.2% 26.45% 2
3 Yr 6.2% * -17.7% 28.2% 2.97% 1
5 Yr 11.0% * -11.3% 15.6% 3.68% 1
10 Yr 7.6% * -5.4% 8.2% 4.86% 1

* Annualized


Total Return Ranking - Calendar

Period ABALX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 6.1% -65.6% 32.0% 25.41% 2
2015 1.8% -29.3% 50.4% 4.21% 1
2014 10.3% -54.8% 25.4% 9.03% 1
2013 26.8% -16.7% 57.2% 11.26% 1
2012 18.6% -16.2% 74.5% 14.36% 1

NAV & Total Return History

ABALX - Holdings

Filings data as of: Jun 30, 2017

Concentration Analysis

ABALX Category Low Category High ABALX % Rank Quintile
Net Assets 113 B 81.4 K 113 B 0.05% 1
Number of Holdings 1589 1 12680 1.97% 1
Net Assets in Top 10 22.2 B -654 M 22.2 B 0.05% 1
Weighting of Top 10 20.0% 0.2% 318.9% 26.21% 5

Top 10 Holdings

  1. Microsoft Corp 3.86%
  2. The Home Depot Inc 2.40%
  3. Comcast Corp Class A 2.17%
  4. Berkshire Hathaway Inc A 1.83%
  5. Amazon.com Inc 1.76%
  6. Philip Morris International Inc 1.78%
  7. UnitedHealth Group Inc 1.92%
  8. E.I. du Pont de Nemours & Co 1.51%
  9. Broadcom Ltd 1.48%
  10. Coca-Cola Co 1.30%

Asset Allocation

Weighting Category Low Category High ABALX % Rank Quintile
Stocks
57.29% -1.04% 145.18% 14.57% 3
Bonds
35.11% -20.18% 171.61% 15.03% 3
Cash
6.24% -196.69% 99.77% 14.64% 3
Other
1.33% -8.15% 98.84% 13.27% 3
Preferred Stocks
0.03% -0.09% 38.07% 8.87% 4
Convertible Bonds
0.00% 0.00% 33.12% 7.64% 5

Stock Sector Breakdown

Weighting Category Low Category High ABALX % Rank Quintile
Technology
13.03% -3.41% 70.04% 4.49% 1
Financial Services
8.39% -5.62% 69.58% 13.83% 3
Consumer Cyclical
6.88% -10.33% 54.37% 10.27% 2
Consumer Defense
6.29% -2.25% 27.69% 4.44% 1
Energy
5.89% -4.44% 33.20% 4.16% 1
Healthcare
5.88% -3.68% 31.05% 13.37% 3
Communication Services
3.60% -0.84% 27.16% 2.78% 1
Industrials
3.35% -4.05% 48.84% 18.59% 4
Basic Materials
3.32% -1.58% 22.56% 6.29% 2
Real Estate
0.34% -3.46% 51.93% 18.92% 5
Utilities
0.31% -2.48% 47.20% 14.06% 5

Stock Geographic Breakdown

Weighting Category Low Category High ABALX % Rank Quintile
US
50.72% -97.12% 142.41% 9.42% 2
Non US
6.57% -11.04% 150.26% 20.04% 4

Bond Sector Breakdown

Weighting Category Low Category High ABALX % Rank Quintile
Corporate
13.08% 0.00% 83.77% 17.38% 3
Government
12.24% -82.86% 154.66% 10.93% 2
Securitized
9.11% -0.01% 39.14% 10.20% 2
Cash & Equivalents
6.84% -198.57% 99.77% 13.77% 2
Municipal
0.11% 0.00% 85.93% 7.18% 3
Derivative
0.00% -84.53% 29.40% 3.06% 4

Bond Geographic Breakdown

Weighting Category Low Category High ABALX % Rank Quintile
US
31.50% -84.81% 93.26% 12.44% 2
Non US
3.61% -57.44% 171.61% 17.25% 4

ABALX - Expenses

Operational Fees

ABALX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.59% 0.00% 165.34% 16.40% 2
Management Fee 0.23% 0.00% 2.55% 4.44% 2
12b-1 Fee 0.24% 0.00% 1.00% 1.27% 2
Administrative Fee 0.01% 0.00% 0.83% 3.81% 1

Sales Fees

ABALX Fees (% of AUM) Category Low Category High ABALX Rank Quintile
Front Load 5.75% 0.14% 5.75% 0.23% 5
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

ABALX Fees (% of AUM) Category Low Category High ABALX Rank Quintile
Max Redemption Fee N/A 0.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ABALX Fees (% of AUM) Category Low Category High ABALX Rank Quintile
Turnover 79.00% 0.00% 5609.00% 7.87% 4

ABALX - Distributions

Dividend Yield Analysis

ABALX Category Low Category High ABALX % Rank Quintile
Dividend Yield 0.4% 0.00% 11.33% 12.85% 1

Dividend Distribution Analysis

ABALX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

ABALX Category Low Category High ABALX % Rank Quintile
Net Income Ratio 1.67% -3.27% 12.91% 12.28% 2

Capital Gain Distribution Analysis

ABALX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Daily Annually

ABALX - Managers

Jeffrey T. Lager

Manager

Start Date

Mar 01, 2011

Tenure

6.34

Tenure Rank

3.5%

Jeffrey T. Lager is an equity portfolio manager at Capital Group. He has 21 years of investment experience and has been with Capital Group for 19 years. Earlier in his career, as an equity investment analyst at Capital, he covered U.S. environmental services, IT & business services, technology hardware, IT outsourcing and transaction processing companies. Before joining Capital, Jeff was a manager of investment analysis at Medical Portfolio Management in Cambridge, Massachusetts, and an associate at the Boston Consulting Group in Boston. He holds an MBA from Stanford Graduate School of Business, where he was an Arjay Miller Scholar, as well as a master’s degree in sociology and a bachelor’s degree with distinction in decision analysis from Stanford University. He also holds the Chartered Financial Analyst® designation. Jeff is based in San Francisco.


John H. Smet

Manager

Start Date

Jan 01, 1997

Tenure

20.51

Tenure Rank

0.4%

John H. Smet is a fixed-income portfolio manager at Capital Group. He has 34 years of investment experience and 32 years at Capital. Earlier in his career, as a fixed-income investment analyst at Capital, John covered mortgage-backed securities and railroads. He holds an MBA in finance and a bachelor’s degree in economics from the University of Wisconsin-Madison. He also holds the Chartered Financial Analyst® designation and is a member of the Los Angeles Society of Financial Analysts. John is based in Los Angeles.


Alan N. Berro

Manager

Start Date

Mar 01, 2006

Tenure

11.34

Tenure Rank

1.6%

Alan N. Berro is an equity portfolio manager at Capital Group. He has 30 years of investment experience and has been with Capital Group for 25 years. In this prior role as an equity investment analyst at Capital, he covered U.S. utilities, capital goods and machinery companies. Before joining Capital, he was a portfolio manager and utilities analyst for Fidelity Management and Research Company in Boston. He holds an MBA from Harvard Business School and a bachelor’s degree in economics from UCLA graduating magna cum laude. He also holds the CPA and CFA. Alan is based in Los Angeles.


Gregory D. Johnson

Manager

Start Date

Mar 01, 2003

Tenure

14.34

Tenure Rank

1.0%

Gregory D. Johnson is an equity portfolio manager at Capital Group. He has 22 years of investment experience, all with Capital Group. Earlier in his career, as an equity investment analyst at Capital, he covered U.S. merchandising, retail, restaurant and footwear companies. He holds an MBA from Columbia Business School and a bachelor’s degree in political science from the University of California, Los Angeles. Greg is based in Los Angeles.


James R. Mulally

Manager

Start Date

Mar 01, 2006

Tenure

11.34

Tenure Rank

1.6%

James R. Mulally is a senior vice president of Capital Research and Management Company as well as Capital International Limited with global fixed-income portfolio management responsibilities. He joined the organization in 1980, and from 1983 through 1988 was based in London. Prior to coming to Capital, Mr. Mulally was a research associate with the Federal Reserve Bank of Minneapolis. He received his undergraduate degree from Dartmouth College (Phi Beta Kappa) and an MBA from Columbia University Graduate School of Business. He is based in Los Angeles.


Hilda L. Applbaum

Manager

Start Date

Jan 01, 1999

Tenure

18.51

Tenure Rank

0.6%

Ms. Applbaum is a portfolio manager and senior vice president of the Capital Research and Management Company. Ms. Applbaum formerly served the California Public Employee Retirement Service.


Michael T. Kerr

Manager

Start Date

Mar 01, 2014

Tenure

3.33

Tenure Rank

5.2%

Michael T. Kerr is an equity portfolio manager at Capital Group. Earlier in his career, as an equity investment analyst at Capital, he covered global oil & gas companies and U.S. multi-utilities. Prior to joining Capital, Mike was an exploration geophysicist with Cities Service Company. He holds an MBA from Harvard Business School, where he was awarded first-year honors, and a bachelor’s degree in geological sciences from Harvard University graduating cum laude.


John R. Queen

Manager

Start Date

Jul 01, 2016

Tenure

1.0

Tenure Rank

7.0%

John R. Queen is president at Capital Research and Management Company. Prior to that, Queen is a portfolio manager with Mercury Advisors, his employer since 1997. Prior to joining the firm, he was associated with The Capital Group.


Alan J. Wilson

Manager

Start Date

Jan 23, 2016

Tenure

1.44

Tenure Rank

6.7%

Alan J. Wilson is a portfolio manager at Capital Group. He has 31 years of investment experience and has been with Capital Group for 25 years. As an equity investment analyst at Capital, he covered U.S. construction & housing, machinery & engineering, energy companies, personal care, and household products. Before joining Capital, Alan was a consultant with The Boston Consulting Group and an engineer with Texas Eastern Corp. He holds an MBA from Harvard Business School and a bachelor’s degree in civil engineering from Massachusetts Institute of Technology. Alan is based in Los Angeles.


Tenure Analysis

Category Low

0.0

Category High

49.3

Category Average

5.55

Category Mode

2.5