Quick Guide To American Funds American Balanced F1 Fund (BALFX)

American Funds American Balanced F1 Fund (BALFX) a Zacks Rank #1 (Strong Buy) was incepted in July 1975 and is managed by Capital Research and Management Company. BALFX seeks to provide conservation of capital, current income and long-term growth of capital and income by investing in stocks, bonds and other fixed-income securities. BALFX takes a balanced approach and is managed as if it constituted the complete investment program of the prudent investor. BALFX invests primarily in common stocks and preferred stocks, bonds, convertibles and cash. BALFX may invest up to 10% of assets in securities of issuers domiciled outside the United States and not included in the S&P 500. BALFX does not invest more than 75% of assets in common stocks.

This Allocation Balanced product, as of the last filing, allocates their fund in three major groups; Large Value, Intermediate Bond and Large Growth. Further, as of the last filing, Microsoft Corporation (NASDAQ:MSFT), Philip Morris International (NYSE:PM), Inc. and Comcast Corporation (NASDAQ:CMCSA) were the top holdings for BALFX.

The American Funds American Balanced F1 fund, managed by American Funds, carries an expense ratio of 0.65%. Moreover, BALFX requires a minimal initial investment of $250.

BALFX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 7.87% and 5 year 9.20%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.

BALFX’s performance, as of the last filing, when compared to funds in its category was in the top 2% in 1 year, top 4% over the past 3 years, and in the 1% over the past 5 years.

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