BALCX: American Funds American Balanced Fund® - MutualFunds.com

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BALCX - Snapshot

Vitals

  • YTD Return 6.7%
  • 3 Yr Annualized Return 5.6%
  • 5 Yr Annualized Return 7.0%
  • Net Assets $166 B
  • Holdings in Top 10 17.7%

52 WEEK LOW AND HIGH

$30.12
$22.60
$30.21

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.34%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 104.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $250
  • IRA $25

Fund Classification


Compare BALCX to Popular U.S. Balanced Allocation Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$30.45

+0.30%

$166.16 B

1.32%

$0.40

6.84%

-

$46.33

+0.33%

$104.44 B

2.17%

$1.00

6.80%

-

$43.84

+0.32%

$46.53 B

1.30%

$0.57

11.75%

-

$36.17

+0.06%

$40.35 B

1.33%

$0.48

15.86%

-

$27.73

+0.29%

$36.20 B

1.44%

$0.40

12.72%

-

BALCX - Profile

Distributions

  • YTD Total Return 6.7%
  • 3 Yr Annualized Total Return 5.6%
  • 5 Yr Annualized Total Return 7.0%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.22%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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
    Gregory Johnson

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.


BALCX - Performance

Return Ranking - Trailing

Period BALCX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.7% -40.7% 32.0% 57.08%
1 Yr 4.6% -21.7% 26.7% 54.29%
3 Yr 5.6%* -4.7% 12.9% 40.00%
5 Yr 7.0%* -0.8% 11.3% 35.58%
10 Yr 8.5%* 0.4% 11.8% 22.58%

* Annualized

Return Ranking - Calendar

Period BALCX Return Category Return Low Category Return High Rank in Category (%)
2019 14.4% -5.8% 25.7% 44.92%
2018 -8.3% -32.7% 0.0% 15.41%
2017 9.4% -6.5% 22.4% 40.89%
2016 4.0% -43.7% 23.3% 48.58%
2015 -3.7% -32.5% 2.6% 19.38%

Total Return Ranking - Trailing

Period BALCX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.7% -40.7% 32.0% 57.08%
1 Yr 3.6% -21.7% 26.7% 54.91%
3 Yr 5.6%* -4.7% 12.9% 36.03%
5 Yr 7.0%* -0.8% 11.3% 32.37%
10 Yr 8.5%* 0.4% 11.8% 21.44%

* Annualized

Total Return Ranking - Calendar

Period BALCX Return Category Return Low Category Return High Rank in Category (%)
2019 14.4% -5.8% 25.7% 44.92%
2018 -7.7% -32.7% 0.8% 43.34%
2017 14.6% -3.7% 31.9% 28.79%
2016 7.7% -43.7% 23.3% 25.00%
2015 1.0% -32.5% 5.6% 6.78%

NAV & Total Return History


BALCX - Holdings

Concentration Analysis

BALCX Category Low Category High BALCX % Rank
Net Assets 166 B 716 K 166 B 1.47%
Number of Holdings 2163 2 14317 6.60%
Net Assets in Top 10 30 B 654 K 30 B 1.50%
Weighting of Top 10 17.74% 9.3% 100.0% 90.20%

Top 10 Holdings

  1. Microsoft Corp 3.66%
  2. UnitedHealth Group Inc 2.08%
  3. Broadcom Inc 2.01%
  4. Federal National Mortgage Association 2% 1.76%
  5. Philip Morris International Inc 1.67%
  6. Taiwan Semiconductor Manufacturing Co Ltd ADR 1.57%
  7. Comcast Corp Class A 1.33%
  8. Comcast Corp Class A 1.33%
  9. Comcast Corp Class A 1.33%
  10. Comcast Corp Class A 1.33%

Asset Allocation

Weighting Return Low Return High BALCX % Rank
Stocks
57.36% 0.00% 134.22% 72.01%
Bonds
32.62% -2.18% 97.64% 54.49%
Cash
9.29% -34.22% 89.35% 11.39%
Convertible Bonds
0.61% 0.00% 26.75% 28.19%
Preferred Stocks
0.12% 0.00% 28.13% 45.28%
Other
0.00% -3.55% 30.21% 85.01%

Stock Sector Breakdown

Weighting Return Low Return High BALCX % Rank
Technology
20.55% 0.00% 48.90% 43.03%
Healthcare
15.61% 0.00% 36.21% 28.04%
Financial Services
11.51% 0.00% 100.00% 84.71%
Consumer Defense
11.26% 0.00% 17.85% 9.75%
Communication Services
10.28% 0.00% 43.64% 21.44%
Industrials
8.60% 0.00% 35.09% 73.16%
Consumer Cyclical
6.49% 0.00% 24.29% 83.81%
Basic Materials
5.45% 0.00% 30.87% 12.29%
Real Estate
5.12% 0.00% 100.00% 25.79%
Utilities
2.65% 0.00% 100.00% 57.72%
Energy
2.50% 0.00% 90.89% 43.33%

Stock Geographic Breakdown

Weighting Return Low Return High BALCX % Rank
US
48.54% 0.13% 131.11% 45.73%
Non US
8.82% 0.00% 33.15% 55.47%

Bond Sector Breakdown

Weighting Return Low Return High BALCX % Rank
Cash & Equivalents
29.11% 0.08% 100.00% 10.49%
Corporate
28.84% 0.00% 99.06% 67.47%
Securitized
23.45% 0.00% 59.07% 40.33%
Government
17.76% 0.00% 99.53% 66.57%
Municipal
0.85% 0.00% 24.46% 32.23%
Derivative
0.00% 0.00% 32.58% 82.16%

Bond Geographic Breakdown

Weighting Return Low Return High BALCX % Rank
US
28.77% -6.66% 74.69% 53.52%
Non US
3.85% -7.18% 73.06% 45.58%

BALCX - Expenses

Operational Fees

BALCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.34% 0.01% 4.93% 20.53%
Management Fee 0.22% 0.00% 1.75% 38.19%
12b-1 Fee 1.00% 0.00% 1.00% 95.45%
Administrative Fee 0.05% 0.01% 0.83% 25.68%

Sales Fees

BALCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 80.43%

Trading Fees

BALCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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 104.00% 0.00% 484.00% 84.92%

BALCX - Distributions

Dividend Yield Analysis

BALCX Category Low Category High BALCX % Rank
Dividend Yield 0.00% 0.00% 8.77% 72.16%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

BALCX Category Low Category High BALCX % Rank
Net Income Ratio 1.22% -0.99% 11.02% 76.58%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

BALCX - Fund Manager Analysis

Managers

Gregory Johnson


Start Date

Tenure

Tenure Rank

Mar 01, 2003

17.68

17.7%

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 Berro


Start Date

Tenure

Tenure Rank

Mar 01, 2006

14.68

14.7%

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 Mulally


Start Date

Tenure

Tenure Rank

Mar 01, 2006

14.68

14.7%

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 Lager


Start Date

Tenure

Tenure Rank

Mar 01, 2011

9.68

9.7%

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.

Paul Benjamin


Start Date

Tenure

Tenure Rank

Jul 02, 2014

6.34

6.3%

Paul Benjamin is an equity portfolio manager at Capital Group. As an equity investment analyst, he covers U.S. large-cap software companies. He has the investment experience since 2005, all with Capital Group. Prior to joining Capital, he managed the European operations for Interelate, a technology start-up funded by Goldman Sachs. He holds an MBA from Stanford Graduate School of Business and a bachelor’s degree in finance and religion from Northwestern College graduating magna cum laude. Paul is based in Los Angeles.

Anne-Marie Peterson


Start Date

Tenure

Tenure Rank

Oct 01, 2015

5.09

5.1%

Anne-Marie Peterson is an equity portfolio manager at Capital Group. As an equity investment analyst, she covers U.S. retail. She has 24 years of investment experience and has been with Capital Group for 14 years. Earlier in her career at Capital, her coverage included U.S. small-cap specialty retail companies and restaurants. Prior to joining Capital, she was a senior retail analyst for Thomas Weisel Partners. Before that, she was a research associate for Montgomery Securities. She holds a bachelor’s degree in economics from the University of California, Irvine. She also holds the Chartered Financial Analyst® designation. Anne-Marie is based in San Francisco.

John Queen


Start Date

Tenure

Tenure Rank

Jul 01, 2016

4.34

4.3%

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


Start Date

Tenure

Tenure Rank

Mar 01, 2018

2.67

2.7%

Pramod Atluri is a fixed income portfolio manager at Capital Group. He has 21 years of investment industry experience and has been with Capital Group for four 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.

Mark Casey


Start Date

Tenure

Tenure Rank

Oct 01, 2019

1.08

1.1%

Mark L. Casey is an equity portfolio manager at Capital Group. He has 18 years of investment experience, all with Capital Group. Earlier in his career at Capital, Mark was an equity investment analyst and covered U.S. media, entertainment, newspapers, infrastructure software, internet and document imaging. Prior to joining Capital, he was a director and product manager for Siebel Systems. He holds an MBA with distinction from Harvard Business School and a bachelor’s degree in history from Yale University graduating magna cum laude. Mark is based in San Francisco.

Ritchie Tuazon


Start Date

Tenure

Tenure Rank

Oct 01, 2020

0.08

0.1%

Ritchie Tuazon is a fixed-income portfolio manager at Capital Group with research responsibility for U.S. Treasuries and TIPS. He has more than 20 years of investment experience and has been with Capital Group for more than 9 years. Prior to joining Capital, Ritchie was an interest-rate trader at Goldman Sachs & Co. and an investment banking analyst at J.P. Morgan. He holds a master’s degree in business administration from MIT Sloan School of Management, a master’s degree in public administration from The Harvard Kennedy School and a bachelor’s degree from the University of California, Berkeley. Ritchie is based in Los Angeles.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 36.86 6.09 0.83
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