About CLBEX
American Funds American Balanced Fund® Class 529-E is a mutual fund designed to offer investors a blend of **capital preservation, current income, and long-term growth**. As a balanced fund, it strategically allocates assets across **dividend-paying equities and investment-grade bonds**, including securities issued and guaranteed by the U.S. government. This diversified approach targets both stability and growth, making it suitable for investors seeking a middle ground between stocks and bonds.
Emphasizing a **50% to 70% equity allocation**, the fund is structured to mitigate risk while participating in market appreciation. It pays **quarterly dividends** and focuses on well-established companies, complemented by a robust fixed income component to generate regular income. The fund’s rigorous management and broad asset mix support its objectives of **conserving capital, producing income, and building long-term wealth**.
This particular share class, Class 529-E, is tailored for use within **529 education savings plans**, allowing investors to pursue their college savings goals with a disciplined, balanced investment strategy. With a substantial asset base and a history of competitive risk-adjusted returns, American Funds American Balanced Fund® Class 529-E plays a significant role in the market as a core holding in long-term diversified portfolios.
Fund Family American Funds
Category Allocation--50% to 70% Equity
Stock Exchange NASDAQ
Ticker Symbol CLBEX
Share Class Class 529-e
Index S&P 500 TR
CLBEX had a total return of 15.26% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.23%.