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BALCX - Profile

Vitals

  • YTD Return 11.2%
  • 3 Yr Annualized Return 3.9%
  • 5 Yr Annualized Return 1.5%
  • Net Assets $149 B
  • Holdings in Top 10 18.6%

52 WEEK LOW AND HIGH

$27.52
$23.83
$27.89

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.36%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 72.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$250

IRA

$25

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 11.2%
  • 3 Yr Annualized Total Return 6.5%
  • 5 Yr Annualized Total Return 5.6%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.15%
DIVIDENDS
  • Dividend Yield 0.2%
  • 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 C
  • Currency USD
  • Domiciled Country United States
  • Manager Hilda L. Applbaum

Fund Description

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

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

BALCX - Performance

Return Ranking - Trailing

Period BALCX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.2% -38.8% 32.7% 47.04%
1 Yr -0.5% -95.7% 20.5% 41.32%
3 Yr 3.9%* -63.1% 23.1% 17.29%
5 Yr 1.5%* -46.7% 10.2% 15.75%
10 Yr 5.9%* -38.4% 15.2% 11.23%

* Annualized


Return Ranking - Calendar

Period BALCX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.3% -93.5% 19.0% 36.98%
2017 9.4% -44.7% 46.3% 19.82%
2016 4.0% -84.5% 146.1% 45.94%
2015 -3.7% -40.7% 14.6% 19.59%
2014 1.4% -67.0% 306.6% 48.25%

Total Return Ranking - Trailing

Period BALCX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.2% -38.8% 32.7% 47.74%
1 Yr -0.5% -60.7% 20.5% 62.44%
3 Yr 6.5%* -50.8% 23.1% 22.15%
5 Yr 5.6%* -39.9% 10.2% 13.39%
10 Yr 8.6%* -38.4% 15.2% 10.81%

* Annualized


Total Return Ranking - Calendar

Period BALCX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.7% -64.7% 19.0% 56.61%
2017 14.6% -44.7% 46.3% 14.06%
2016 7.7% -84.5% 146.1% 29.83%
2015 1.0% -36.9% 14.6% 7.25%
2014 8.4% -67.0% 306.6% 22.24%

NAV & Total Return History

BALCX - Holdings

Concentration Analysis

BALCX Category Low Category High BALCX % Rank
Net Assets 149 B 554 K 149 B 1.58%
Number of Holdings 1656 2 13510 6.58%
Net Assets in Top 10 27.3 B -12.6 M 27.3 B 1.57%
Weighting of Top 10 18.63% 8.9% 808.8% 85.17%

Top 10 Holdings

  1. Microsoft Corp 4.45%

  2. UnitedHealth Group Inc 2.87%

  3. The Home Depot Inc 2.23%

  4. Berkshire Hathaway Inc A 1.86%

  5. Broadcom Inc 1.34%

  6. Philip Morris International Inc 1.29%

  7. Intel Corp 1.25%

  8. United States Treasury Notes 2.25% 1.18%

  9. Taiwan Semiconductor Manufacturing Co Ltd ADR 1.12%

  10. Johnson & Johnson 1.03%


Asset Allocation

Weighting Return Low Return High BALCX % Rank
Stocks
61.54% -41.01% 78.05% 16.80%
Bonds
33.07% -7.26% 80.79% 71.22%
Cash
4.91% -11.87% 72.58% 47.35%
Convertible Bonds
0.33% 0.00% 84.64% 50.29%
Preferred Stocks
0.15% 0.00% 46.23% 41.16%
Other
0.00% -6.71% 59.02% 89.10%

Stock Sector Breakdown

Weighting Return Low Return High BALCX % Rank
Technology
14.41% -18.03% 25.15% 12.74%
Healthcare
9.43% -6.04% 21.65% 11.03%
Financial Services
8.41% -7.21% 38.00% 39.42%
Consumer Cyclical
6.20% -9.46% 41.19% 27.98%
Consumer Defense
5.03% -4.62% 11.56% 18.46%
Energy
4.73% -2.02% 67.98% 16.75%
Industrials
4.70% -2.39% 26.55% 42.83%
Basic Materials
3.10% -1.53% 15.06% 10.63%
Real Estate
2.71% -8.18% 50.68% 28.08%
Communication Services
2.19% -6.69% 25.75% 23.77%
Utilities
0.62% -2.30% 23.65% 72.62%

Stock Geographic Breakdown

Weighting Return Low Return High BALCX % Rank
US
53.40% -41.02% 77.15% 25.74%
Non US
8.14% -16.08% 29.49% 32.51%

Bond Sector Breakdown

Weighting Return Low Return High BALCX % Rank
Corporate
12.11% -8.79% 89.06% 72.99%
Securitized
10.84% 0.00% 41.80% 46.17%
Government
10.35% -149.28% 80.79% 54.52%
Cash & Equivalents
4.91% -11.87% 335.52% 43.91%
Municipal
0.25% 0.00% 58.59% 27.80%
Derivative
0.00% -84.86% 17.97% 71.91%

Bond Geographic Breakdown

Weighting Return Low Return High BALCX % Rank
US
30.24% -10.71% 358.36% 69.06%
Non US
2.83% -302.38% 25.43% 58.64%

BALCX - Expenses

Operational Fees

BALCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.36% 0.01% 28.47% 34.30%
Management Fee 0.22% 0.00% 2.00% 30.84%
12b-1 Fee 1.00% 0.00% 1.00% 96.64%
Administrative Fee 0.05% 0.00% 0.83% 27.77%

Sales Fees

BALCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load 1.00% 1.00% 5.50% 85.88%

Trading Fees

BALCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% 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.

BALCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 72.00% 0.00% 2115.00% 66.01%

BALCX - Distributions

Dividend Yield Analysis

BALCX Category Low Category High BALCX % Rank
Dividend Yield 0.18% 0.00% 12.24% 78.88%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

BALCX Category Low Category High BALCX % Rank
Net Income Ratio 1.15% -4.09% 6.65% 70.11%

Capital Gain Distribution Analysis

BALCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Annually Annually

BALCX - Managers

Hilda L. Applbaum

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 1999

20.68

20.7%

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.


Gregory D. Johnson

Manager

Start Date

Tenure

Tenure Rank

Mar 01, 2003

16.51

16.5%

Gregory D. Johnson is an equity portfolio manager at Capital Group. He has many 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.


Alan N. Berro

Manager

Start Date

Tenure

Tenure Rank

Mar 01, 2006

13.51

13.5%

Alan N. Berro is an equity portfolio manager at Capital Group. He also serves on the Portfolio Oversight Committee. He has 33 years of investment experience and has been with Capital Group for 28 years. Earlier in his career, 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 also worked as an auditor for Price Waterhouse in Los Angeles. He holds an MBA from Harvard Business School and a bachelor’s degree in economics from the University of California, Los Angeles graduating magna cum laude. He also holds the certified public accountant and Chartered Financial Analyst® designations and is a member of the Los Angeles Society of Financial Analysts. Alan is based in Los Angeles.


James R. Mulally

Manager

Start Date

Tenure

Tenure Rank

Mar 01, 2006

13.51

13.5%

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.


Jeffrey T. Lager

Manager

Start Date

Tenure

Tenure Rank

Mar 01, 2011

8.51

8.5%

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.


Michael T. Kerr

Manager

Start Date

Tenure

Tenure Rank

Mar 01, 2014

5.5

5.5%

Michael T. Kerr is an equity portfolio manager at Capital Group. He has 35 years of investment experience and has been with Capital Group for 33 years. 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. Mike is based in Los Angeles.


Paul Benjamin

Manager

Start Date

Tenure

Tenure Rank

Jul 02, 2014

5.17

5.2%

Partner, Capital World Investors


Alan J. Wilson

Manager

Start Date

Tenure

Tenure Rank

Jan 23, 2016

3.61

3.6%

Alan J. Wilson is a portfolio manager at Capital Group. Earlier in his career, as an equity investment analyst at Capital, he covered U.S. construction & housing, machinery & engineering, environmental services, energy equipment, trucks, personal care, household products and energy companies. 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.


John R. Queen

Manager

Start Date

Tenure

Tenure Rank

Jul 01, 2016

3.17

3.2%

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.


Pramod Atluri

Manager

Start Date

Tenure

Tenure Rank

Mar 01, 2018

1.5

1.5%

Pramod Atluri is a fixed income portfolio manager at Capital Group. He has 19 years of investment industry experience and has been with Capital Group for two years. Prior to joining Capital, Pramod was a fixed income portfolio manager at Fidelity Investments where he also worked as a fixed income strategist and corporate bond analyst. Before that he was a management consultant at McKinsey & Company. He holds an MBA from Harvard Business School and a bachelor’s degree in biological chemistry from the University of Chicago where he also completed the requirements for bachelor’s degrees in economics and chemistry. He holds the Chartered Financial Analyst® designation. Pramod is based in Los Angeles.


Tenure Analysis

Category Low

0.04

Category High

35.69

Category Average

6.83

Category Mode

7.29