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American Funds American Balanced R5E RLEFX

Analyst rating as of
NAV / 1-Day Return
29.30  /  0.24 %
Total Assets
Adj. Expense Ratio
0.410%
Expense Ratio
0.410%
Fee Level
Below Average
Longest Manager Tenure
21.82 years
Category
US Fund Allocation--50% to 70% Equity
Investment Style
Large Blend
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Status
Open
TTM Yield
2.02%
Turnover
104%
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Morningstar’s Analysis

Will RLEFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

An Impending Portfolio Manager Retirement Doesn't Affect American Funds American Balanced

Senior Analyst

Analyst Note

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On July 1, 2020, Capital Group, the advisor to the American Funds, announced that portfolio manager Gregory Johnson will retire in March 2021 and will step off of American Funds American Balanced at that time. Johnson also served as lead principal investment officer of the fund until June 8, 2020, and in that role made final asset-allocation decisions. Johnson has a great deal of experience, with 26 years at the firm and 17 years as a manager of the fund, so his departure will be a loss. However, the fund will still be managed by a deep, veteran crew that includes five named equity managers, three fixed-income managers, and one “balanced” manager who invests in both stocks and bonds. Johnson’s impending retirement does not affect the fund’s Above Average People rating, the Morningstar Analyst Rating of Silver for the 12 cheapest share classes, or the Bronze rating for the five others.

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