About CLBAX
American Funds American Balanced Fund® Class 529-A is a balanced mutual fund designed to provide a mix of growth and income by investing in both equity and fixed-income securities. Its primary function is to offer investors diversified exposure to both common stocks—many of which have a history of paying dividends—and investment-grade bonds, including those issued or guaranteed by the U.S. government and federal agencies. The fund typically allocates between 50% and 70% of assets to equities, with the remaining portion invested in bonds and other income-producing instruments. Notable equity holdings span major sectors such as technology, healthcare, communication services, and consumer defensive, featuring companies like Broadcom, Microsoft, Meta Platforms, and UnitedHealth Group.
Class 529-A shares are intended for investors utilizing 529 college savings plans and are structured with an upfront sales charge that decreases for larger investments, alongside a competitive expense ratio. The fund aims for moderate risk and return, supporting long-term capital appreciation with a focus on stability and income generation. With total assets surpassing $237 billion, this fund is significant in the marketplace, appealing to investors seeking a reliable, diversified strategy for college savings and general wealth accumulation.
Fund Family Capital Group
Category Allocation--50% to 70% Equity
Performance Rating High
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol CLBAX
Share Class Class 529-a
Index S&P 500 TR
CLBAX had a total return of 23.88% in the past year, including dividends.
Since the fund's inception, the average annual return has been 8.02%.
