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What is American Balanced Fund (abalx)?

Fund as of most recent prospectus. Lipper Category as of 3/31/24 (updated quarterly). American Balanced Fund (Class A | Fund 11 | ABALX) seeks to provide conservation of capital, current income, and long-term growth of capital and income.

What is abalx fund?

ABALX is a part of the American Funds family of funds, a company based out of Los Angeles, CA. Since American Funds Balanced A made its debut in September of 1932, ABALX has garnered more than $91.23 billion in assets. The fund is currently managed by a team of investment professionals.

Is abalx a good investment?

ABALX is not currently ranked. The American Funds site identifies the fund's three main goals as capital preservation, current income and long-term growth of capital and income. The fund can serve as a core holding for investors seeking a balanced combination of growth and income.

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