About CLBCX
American Funds American Balanced Fund® Class 529-C is a balanced mutual fund designed to provide a mix of capital preservation, current income, and long-term growth. This fund invests in a diversified portfolio comprising both common stocks and investment-grade bonds, with an equity allocation typically ranging from 50% to 70% of assets. Its balanced approach aims to reduce volatility while capturing opportunities in both the equity and fixed-income markets. The fund applies a multi-manager strategy, distributing assets across a broad array of sectors, including technology, industrials, financials, and healthcare, and also allocates to securities issued or guaranteed by the U.S. government. Regular quarterly dividends and a focus on quality holdings support its income generation mandate. The 529-C share class is specifically structured for use in college savings plans, making it relevant for investors seeking a blend of growth and income within education-focused accounts. With a substantial asset base and a long operational history since its inception in 2002, the fund plays a significant role in the moderate allocation category, serving investors who value a balanced investment solution for medium- to long-term financial goals.
Fund Family Capital Group
Category Allocation--50% to 70% Equity
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol CLBCX
Share Class Class 529-c
Index S&P 500 TR
CLBCX had a total return of 25.15% in the past year, including dividends.
Since the fund's inception, the average annual return has been 7.18%.
