American Funds Global Balanced F1 Fund GBLEX seeks growth of capital for the long run, and preservation of principal and income. GBLEX invests in both equity and debt securities, which offer growth as well as dividend income. GBLEX may invest more than 40% of its assets in foreign countries.
This Allocation Balanced product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 4.1% and 5 year 7.3%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
The American Funds Global Balanced F1 fund, as of the last filing, allocates their fund in top two major groups; Foreign Stock and High Yield Bond. Further, as of the last filing, Imperial Brands PLC (LON:IMB), Philip Morris International Inc (NYSE:PM) and Novartis AG were the top holdings for GBLEX.
This Zacks Rank #2 (Buy) was incepted in February 2011 and is managed by American Funds. GBLEX carries an expense ratio of 0.91% and requires a minimal initial investment of $250.
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Zacks Investment Research