Is American Funds American Balanced Class C Fund (BALCX) Worth Another Look?

American Funds American Balanced Class C Fund (BALCX) a Zacks Rank #1 (Strong Buy) was incepted in July 1975 and is managed by Capital Research and Management Company. BALCX seeks to provide conservation of capital, current income and long-term growth of capital and income by investing in stocks, bonds and other fixed-income securities. BALCX takes a balanced approach and is managed as if it constituted the complete investment program of the prudent investor. BALCX invests primarily in common stocks and preferred stocks, bonds, convertibles and cash. BALCX may invest up to 10% of assets in securities of issuers domiciled outside the United States and not included in the S&P 500. BALCXdoes not invest more than 75% of assets in common stocks. All of BALCX's fixed-income investments are investment-grade at the time of purchase.

This Allocation Balanced fund, as of the last filing, allocates their fund in three major groups; Large Value, Intermediate Bond and Large Growth. Further, as of the last filing, Microsoft Corporation (NASDAQ:MSFT), Philip Morris International (NYSE:PM), Inc and Amazon.com (NASDAQ:AMZN), Inc were the top holdings for BALCX.

The American Funds American Balanced Class C Fund, managed by American Funds , carries an expense ratio of 1.38%. Moreover, BALCX requires a minimal initial investment of $250.

BALCX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 7.48% and 5 year 8.16%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.

BALCX’s performance, as of the last filing, when compared to funds in its category was in the top 5% in 1 year, top 7% over the past 3 years, and in the 4% over the past 5 years.

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