Credit: Shutterstock photoAmerican Funds American Balanced A ( ABALX ) a Zacks Ranked #1 (Strong Buy) 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. ABALX takes a balanced approach and is managed as if it constituted the complete investment program of the prudent investor.
This Allocation Balanced fund, as of the last filing, allocates their fund in three major groups; Large Value, Intermediate Bond, Large Growth. Further, as of the last filing, MICROSOFT CORP, PHILIP MORRIS INTERNATIONAL and AMAZON.COM INC were the top holdings for ABALX.
The American Funds American Balanced A fund, managed by American Funds , carries an expense ratio of 0.58. Moreover, ABALX requires a minimal initial investment of $250.
ABALX has a history of strong positive total returns for over 10 years. Specifically, the fund's returns over the 1, 3, 5 year benchmarks; 1 year 2.71%, 3 year 8.68%, and 5 year 9.23%. To see how this fund performed compared in its category, please click here .
ABALX's performance, as of the last filing, when compared to funds in its category was in the top 2% in 1 year, top 2% over the past 3 years, and in the 1% over the past 5 years.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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