American Funds Global Balanced 529A Fund CBFAX seeks to maximize income over the long term. CBFAX's investment strategy is somewhat more aggressive than the strategies of many other funds that invest primarily in corporate bonds. CBFAX tends to have a relatively long average maturity and duration and may place significant emphasis on both foreign corporate and foreign sovereign debt obligations, as well as corporate bonds.
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 7.2%. 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 529A 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 CBFAX.
This Zacks Rank #2 (Buy) was incepted in March 1974 and is managed by American Funds. CBFAX carries an expense ratio of 0.95% and requires a minimal initial investment of $250.
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Zacks Investment Research