American Funds Global Balanced A (GBLAX) a Zacks Rank #2 (Buy) was incepted in July 1996 and managed by Lord Abbett and Co. The objective of GBLAX is high current income consistent with reasonable risk. Capital appreciation is a secondary consideration. GBLAX invests in high-quality and investment grade debt securities of domestic and foreign companies. GBLAX invests at least 65% of its assets in high quality debts securities. GBLAX may invest up to 15% of its assets in high yield debt securities, sometimes called 'lower rated bonds' or 'junk bonds.'
This Allocation Blanced fund, as of the last filing, allocates their fund in five major groups; Foreign Stock, Large Value, Intermediate Bond, Emerging Market and Large Growth. Further, as of the last filing, Verizon Communications Inc (NYSE:VZ), Philip Morris International (NYSE:PM), Inc and Novartis AG were the top holdings for GBLAX.
American Funds Global Balanced A, managed by American Funds, carries an expense ratio of 0.85%. Moreover, GBLAX requires a minimal initial investment of $250.
GBLAX has a history of positive total returns for over 5 years. Specifically, the fund’s returns over the 3 year benchmarks; 3 year 4.85%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.
GBLAX’s performance, as of the last filing, when compared to funds in its category was in the top 25% in 1 year, top 38% over the past 3 years, and in the 39% over the past 5 years.
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