American Funds Global Balanced Fund (CBFAX)
The investment seeks the balanced accomplishment of three objectives: long-term growth of capital, conservation of principal and current income. As a balanced fund with global scope, the fund seeks to invest in equity and debt securities around the world that offer the opportunity for growth and/or provide dividend income, while also constructing the portfolio to protect principal and limit volatility. It will allocate its assets among various countries. The fund will invest at least 40% of its net assets in issuers outside the United States. Normally it will invest at least 25% of the value of its assets in bonds and other debt securities.
Fund Info
| ISIN | US02629W6012 |
|---|---|
| Issuer | American Funds |
| Inception Date | Jan 31, 2011 |
| Category | Global Allocation |
| Min. Investment | $250 |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
CBFAX has a high expense ratio of 0.84%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: CBFAX vs. FXAIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in American Funds Global Balanced Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
American Funds Global Balanced Fund had a return of 5.10% year-to-date (YTD) and 14.24% in the last 12 months. Over the past 10 years, American Funds Global Balanced Fund had an annualized return of 4.73%, while the S&P 500 had an annualized return of 10.97%, indicating that American Funds Global Balanced Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.10% | 11.29% |
| 1 month | 4.16% | 4.87% |
| 6 months | 11.97% | 17.88% |
| 1 year | 14.24% | 29.16% |
| 5 years (annualized) | 6.11% | 13.20% |
| 10 years (annualized) | 4.73% | 10.97% |
Monthly Returns
The table below presents the monthly returns of CBFAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.39% | 1.49% | 2.45% | -2.86% | 5.10% | ||||||||
| 2023 | 4.84% | -3.38% | 2.76% | 1.60% | -1.69% | 3.50% | 1.70% | -2.44% | -3.65% | -1.36% | 6.80% | 4.91% | 13.69% |
| 2022 | -2.65% | -2.33% | -0.47% | -6.43% | 1.68% | -6.94% | 3.89% | -3.53% | -7.06% | 4.21% | 6.86% | -1.39% | -14.29% |
| 2021 | -0.45% | 0.86% | 1.23% | 2.48% | 1.55% | 0.31% | 0.64% | 1.51% | -2.76% | 2.65% | -2.00% | 2.93% | 9.14% |
| 2020 | -0.99% | -4.09% | -8.75% | 6.38% | 3.55% | 1.80% | 2.72% | 3.11% | -2.56% | -1.61% | 8.59% | 3.09% | 10.45% |
| 2019 | 4.79% | 1.44% | 2.11% | 1.15% | -3.28% | 4.48% | -0.40% | -1.13% | 0.57% | 1.86% | 1.64% | 3.05% | 17.22% |
| 2018 | 3.76% | -3.06% | -0.51% | 0.43% | -0.62% | -0.32% | 1.66% | -1.78% | 0.60% | -4.85% | 1.28% | -2.66% | -6.18% |
| 2017 | 1.70% | 1.34% | 1.26% | 1.21% | 1.77% | 0.30% | 2.26% | -0.56% | 1.37% | 0.53% | 1.02% | 0.99% | 13.96% |
| 2016 | -2.27% | -0.00% | 5.61% | 1.79% | -0.34% | 1.51% | 2.02% | -0.16% | 0.35% | -1.92% | -1.62% | 1.46% | 6.34% |
| 2015 | 0.30% | 2.08% | -1.73% | 2.08% | -0.23% | -2.29% | 1.30% | -4.08% | -2.35% | 4.33% | -1.08% | -1.57% | -3.49% |
| 2014 | -1.75% | 4.47% | -0.34% | 1.14% | 1.83% | 0.65% | -1.51% | 1.98% | -2.07% | 1.03% | 0.76% | -2.03% | 4.01% |
| 2013 | 2.32% | -0.40% | 2.31% | 2.95% | -0.70% | -1.95% | 3.50% | -1.36% | 3.65% | 3.39% | 0.99% | 1.75% | 17.50% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of CBFAX is 58, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
CBFAX (American Funds Global Balanced Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for American Funds Global Balanced Fund (CBFAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
American Funds Global Balanced Fund granted a 1.57% dividend yield in the last twelve months. The annual payout for that period amounted to $0.60 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.60 | $0.57 | $0.48 | $2.31 | $0.45 | $0.63 | $0.67 | $1.01 | $0.57 | $0.90 | $1.36 | $1.05 |
Dividend yield | 1.57% | 1.58% | 1.49% | 6.01% | 1.21% | 1.83% | 2.25% | 3.11% | 1.93% | 3.20% | 4.51% | 3.45% |
Monthly Dividends
The table displays the monthly dividend distributions for American Funds Global Balanced Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | |||||||
| 2023 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.14 | $0.57 |
| 2022 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.11 | $0.48 |
| 2021 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $1.84 | $2.31 |
| 2020 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.13 | $0.45 |
| 2019 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.15 | $0.63 |
| 2018 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.15 | $0.67 |
| 2017 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.63 | $1.01 |
| 2016 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.16 | $0.57 |
| 2015 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.66 | $0.90 |
| 2014 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.91 | $1.36 |
| 2013 | $0.09 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.72 | $1.05 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the American Funds Global Balanced Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the American Funds Global Balanced Fund was 23.35%, occurring on Mar 23, 2020. Recovery took 95 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.35% | Feb 13, 2020 | 27 | Mar 23, 2020 | 95 | Aug 6, 2020 | 122 |
| -22.56% | Nov 10, 2021 | 232 | Oct 12, 2022 | 351 | Mar 7, 2024 | 583 |
| -13.51% | May 3, 2011 | 107 | Oct 3, 2011 | 125 | Apr 2, 2012 | 232 |
| -13.33% | Jan 29, 2018 | 229 | Dec 24, 2018 | 131 | Jul 3, 2019 | 360 |
| -12.57% | May 18, 2015 | 171 | Jan 20, 2016 | 120 | Jul 12, 2016 | 291 |
Volatility
Volatility Chart
The current American Funds Global Balanced Fund volatility is 2.29%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.