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BALFX American Funds American Balanced F1

  • Fund
  • BALFX
  • Price as of: Dec 09, 2016
  • $25.48
  • + $0.07
  • + 0.28%
  • Category
  • Diversified Portfolio

BALFX - Profile

Vitals

  • YTD Return 7.0%
  • 3 Yr Annualized Return 6.4%
  • 5 Yr Annualized Return 10.7%
  • Net Assets $99.5 B
  • Holdings in Top 10 18.7%

52 WEEK LOW AND HIGH

$25.48
$22.47
$25.48

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.65%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 82.00%

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 9.0%
  • 3 Yr Annualized Total Return 6.4%
  • 5 Yr Annualized Total Return 10.7%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.63%
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 Mar 15, 2001
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Jeffrey T. Lager

Fund Description

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.

BALFX - Performance

Return Ranking - Trailing

Period BALFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.0% -66.0% 23.3% 25.08% 2
1 Yr 6.1% -37.1% 45.9% 16.16% 1
3 Yr 6.4% * -13.0% 11.8% 3.07% 1
5 Yr 10.7% * -11.0% 13.7% 3.00% 1
10 Yr 6.5% * -5.5% 8.1% 5.31% 1

* Annualized


Return Ranking - Calendar

Period BALFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -3.7% -37.7% 48.7% 16.58% 2
2014 1.4% -59.3% 14.8% 31.87% 2
2013 19.7% -17.5% 36.4% 6.51% 1
2012 12.0% -16.2% 18.4% 9.11% 1
2011 1.6% -30.5% 7.4% 5.57% 1

Total Return Ranking - Trailing

Period BALFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 9.0% -65.8% 32.0% 18.01% 1
1 Yr 6.1% -40.3% 73.2% 12.74% 1
3 Yr 6.4% * -14.0% 28.2% 3.12% 1
5 Yr 10.7% * -11.4% 13.7% 2.62% 1
10 Yr 6.5% * -5.5% 8.1% 4.84% 1

* Annualized


Total Return Ranking - Calendar

Period BALFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 1.7% -29.3% 50.4% 3.35% 1
2014 10.3% -54.8% 25.4% 9.11% 1
2013 26.7% -16.7% 57.2% 11.45% 1
2012 18.4% -16.2% 74.5% 14.67% 1
2011 5.2% -25.3% 15.8% 9.15% 1

NAV & Total Return History

BALFX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

BALFX Category Low Category High BALFX % Rank Quintile
Net Assets 99.5 B 81.4 K 100 B 0.09% 1
Number of Holdings 1565 1 12494 1.97% 1
Net Assets in Top 10 17.6 B -654 M 20.2 B 0.18% 1
Weighting of Top 10 18.7% 0.2% 816.2% 26.68% 5

Top 10 Holdings

  1. Microsoft Corp 3.44%
  2. The Home Depot Inc 1.84%
  3. Comcast Corp Class A 2.11%
  4. Berkshire Hathaway Inc A 1.86%
  5. Amazon.com Inc 2.27%
  6. Philip Morris International Inc 1.55%
  7. UnitedHealth Group Inc 1.47%
  8. E.I. du Pont de Nemours & Co 1.41%
  9. Merck & Co Inc 1.38%
  10. JPMorgan Chase & Co 1.36%

Asset Allocation

Weighting Category Low Category High BALFX % Rank Quintile
Stocks
55.07% -49.32% 151.04% 14.34% 3
Bonds
42.24% -41.48% 861.65% 11.10% 2
Cash
1.42% -794.77% 139.25% 24.99% 5
Other
1.21% -15.48% 99.72% 13.46% 3
Preferred Stocks
0.04% -0.92% 35.22% 8.65% 4
Convertible Bonds
0.03% 0.00% 33.12% 7.05% 3

Stock Sector Breakdown

Weighting Category Low Category High BALFX % Rank Quintile
Technology
9.57% -8.03% 70.04% 9.24% 2
Financial Services
8.15% -5.07% 69.58% 12.44% 3
Healthcare
6.79% -1.46% 29.90% 10.54% 2
Consumer Defense
6.54% -4.74% 27.69% 4.46% 1
Energy
6.34% -2.68% 33.46% 3.76% 1
Consumer Cyclical
6.30% -6.02% 54.37% 11.37% 2
Industrials
4.94% -4.02% 48.84% 14.30% 3
Basic Materials
2.93% -1.82% 21.85% 6.96% 2
Communication Services
2.76% -2.53% 27.16% 5.39% 2
Utilities
0.58% -7.18% 47.20% 12.67% 4
Real Estate
0.15% -8.01% 48.98% 18.62% 5

Stock Geographic Breakdown

Weighting Category Low Category High BALFX % Rank Quintile
US
50.10% -97.12% 148.25% 9.29% 2
Non US
4.97% -2.98% 150.26% 20.69% 4

Bond Sector Breakdown

Weighting Category Low Category High BALFX % Rank Quintile
Government
20.11% -91.64% 806.44% 6.41% 1
Corporate
13.32% 0.00% 90.42% 16.61% 3
Securitized
8.45% -0.01% 40.54% 11.03% 2
Cash & Equivalents
1.63% -794.84% 138.37% 24.07% 5
Municipal
0.21% 0.00% 91.28% 6.50% 2
Derivative
0.00% -84.53% 32.28% 3.16% 4

Bond Geographic Breakdown

Weighting Category Low Category High BALFX % Rank Quintile
US
38.97% -154.38% 699.68% 8.88% 2
Non US
3.27% -57.44% 198.64% 17.62% 4

BALFX - Expenses

Operational Fees

BALFX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.65% 0.00% 165.34% 16.07% 2
Management Fee 0.23% 0.00% 2.55% 4.59% 2
12b-1 Fee 0.25% 0.00% 1.00% 0.95% 3
Administrative Fee 0.05% 0.00% 0.83% 2.68% 2

Sales Fees

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

Trading Fees

BALFX Fees (% of AUM) Category Low Category High BALFX Rank Quintile
Max Redemption Fee N/A 0.11% 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.

BALFX Fees (% of AUM) Category Low Category High BALFX Rank Quintile
Turnover 82.00% 0.00% 5609.00% 8.03% 4

BALFX - Distributions

Dividend Yield Analysis

BALFX Category Low Category High BALFX % Rank Quintile
Dividend Yield 0.4% 0.00% 11.33% 14.32% 1

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

BALFX Category Low Category High BALFX % Rank Quintile
Net Income Ratio 1.63% -2.96% 9.94% 12.32% 3

Capital Gain Distribution Analysis

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

BALFX - Managers

Jeffrey T. Lager

Manager

Start Date

Mar 01, 2011

Tenure

5.76

Tenure Rank

3.4%

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.


Dina N. Perry

Manager

Start Date

Mar 01, 2006

Tenure

10.76

Tenure Rank

1.6%

Dina Perry is a senior vice president of Capital Research and Management Company serving as a portfolio manager for several mutual funds. Prior to joining Capital Research in 1991, she was a senior portfolio manager with Neuberger & Berman, where she managed equity portfolios for pension funds and individuals. Before that, she was a vice president, portfolio manager, and chief economist at Chase Investors Management Corporation. Ms. Perry received both a BA and MA in economics from Queens College in New York City. She is based in Washington, D.C.


John H. Smet

Manager

Start Date

Jan 01, 1997

Tenure

19.93

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

10.76

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

13.76

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

10.76

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

17.93

Tenure Rank

0.5%

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


Michael T. Kerr

Manager

Start Date

Mar 01, 2014

Tenure

2.75

Tenure Rank

5.3%

Investment professional since 1983 ; 29 years with Capital Research and Management Company or affiliate


John R. Queen

Manager

Start Date

Jul 01, 2016

Tenure

0.42

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.


Tenure Analysis

Category Low

0.0

Category High

35.9

Category Average

5.47

Category Mode

1.9