BALCCX

About BALCCX

American Balanced Fund Class C is an open-end balanced mutual fund managed by Capital Research and Management Company. Its principal objective is to combine the preservation of capital, current income, and long-term growth of both capital and income through a balanced investment strategy. The fund invests across a broad range of assets, allocating between 50% and 70% to equities and the remainder to investment-grade fixed income securities. Equity holdings span companies of various sizes and sectors, focusing on both growth and value stocks, many of which have established records of paying dividends. The fixed income component primarily consists of investment-grade bonds, including those issued or guaranteed by the U.S. government and federal agencies, with credit ratings of Baa3/BBB- or higher. The fund may also invest a portion of assets in select international securities. By diversifying across multiple asset classes and sectors, American Balanced Fund Class C aims to deliver a moderate risk and return profile, providing investors with a blend of income and potential capital appreciation while maintaining a degree of capital preservation. This structure makes it a notable choice in the moderate allocation category within the mutual fund landscape.