About RLEFX
American Balanced Fund Class R-5E is a diversified mutual fund designed to balance capital preservation, current income, and long-term growth. Managed by Capital Group, this fund employs a moderate allocation strategy by investing in a mix of equities and investment-grade fixed-income securities, including U.S. government bonds. Typically, the equity allocation ranges from 50% to 70%, with the remainder in bonds and cash equivalents, aiming to provide both stability and growth for investors.
Targeted primarily at retirement accounts, this share class is distinguished by its lower expense ratio and absence of sales loads, making it cost-effective for long-term investors. The fund holds a large, diversified portfolio across sectors such as technology, healthcare, consumer defensive, and communication services, with top holdings including Microsoft, Broadcom, Meta Platforms, and UnitedHealth Group.
With assets exceeding $135 billion and a long performance track record, American Balanced Fund Class R-5E is notable for its below-average risk rating and consistent quarterly income distributions. It plays a significant role in moderate allocation portfolios, offering a blend of income and growth objectives for retirement and broader investment goals.
Fund Family Capital Group
Category Allocation--50% to 70% Equity
Performance Rating High
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol RLEFX
Share Class Class R-5e
Index S&P 500 TR
RLEFX had a total return of 10.54% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.86%.
