American Funds’ parent Capital Group announced that on May 1, 2023, Thomas Hogh, a fixed-income manager on American Funds Global Balanced since 2018, will step down in advance of his retirement from the firm on July 1. Joining the fund on May 1 in that role is Philip Chitty, an 18-year veteran of the firm who has comanaged American Funds Capital World Bond (which earns an Average People rating as of Feb. 2, 2023) since 2019. His addition here is appropriate, as Hogh and Andrew Cormack (this fund’s other fixed-income manager) are Chitty’s current comanagers on American Funds Capital World Bond. These changes don’t detract from our confidence in the team at American Funds Global Balanced, which is also run by several proven equity managers. The fund continues to earn an Above Average People rating and Morningstar Analyst Ratings of Silver or Bronze (depending on share class).
- NAV / 1-Day Return 34.11 / 0.29 %
- Total Assets 25.0 Bil
-
Adj. Expense Ratio
0.580%
- Expense Ratio 0.590%
- Distribution Fee Level Low
- Share Class Type No Load
- Category Global Allocation
- Investment Style Large Blend
- Credit Quality / Interest Rate Sensitivity High / Moderate
- Status Open
- TTM Yield 1.60%
- Turnover 61%
Morningstar’s Analysis GBLFX
Will GBLFX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings 160
- Bond Holdings 549
- Other Holdings 14
- % Assets in Top 10 Holdings 16.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector
Capital Group Central Cash Fund
6.70
1,644,454,025
Cash and Equivalents
United States Treasury Notes 3.5%
1.79
438,862,557
Government
Cap Grp Cent Fd Ser Ii
1.53
374,465,341
—
United States Treasury Notes 1.125%
1.24
304,120,033
Government