About FBAFX
American Balanced Fund 529-F-2 is an open-end mutual fund that employs a balanced investment strategy, seeking to provide conservation of capital, current income, and long-term growth of capital and income. The fund invests in a diversified mix of common stocks and high-quality, investment-grade bonds, ensuring at least 50% of assets are allocated to equities and at least 25% to fixed-income securities, including money market instruments. It also holds securities issued or guaranteed by the U.S. government and its agencies, and maintains flexibility to include international stocks and bonds, primarily those with a track record of paying dividends. The fund is actively managed, with portfolio assets divided among multiple managers, each contributing their expertise. With significant assets under management and a moderate expense ratio, this fund plays an important role for investors seeking a blend of potential growth and income, while maintaining a balance between risk and return. It is categorized as a moderate allocation fund and is particularly relevant for those saving for education through 529 plans, offering a professionally managed approach to diversified, long-term investment.
Fund Family Capital Group
Category Allocation--50% to 70% Equity
Performance Rating High
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol FBAFX
Share Class Class 529-f-2
Index S&P 500 TR
FBAFX had a total return of 13.37% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.27%.
