Investment Fund

Share Class
Purchase Restrictions: For 457(b) and certain 403(b) plans, Class C share funds are not available. See the prospectus for details.
Coming soon: We’re refreshing our webpage design and introducing new data visualizations to serve you better. Stay tuned!

Summary

Internal Prompt
A balanced approach to growth-and-income investing. With a diversified portfolio of quality stocks and bonds, this balanced strategy invests between 50% and 75% in equities, with flexible exposure to growth-oriented and dividend-paying stocks. The fixed income portion generally invests in investment-grade bonds, providing diversification from equities.
Price at NAV $38.69 as of 4/20/2026 (updated daily)
Fund Assets (millions) $263,614.7
Portfolio Managers
11
Expense Ratio
(Gross/Net %)
1.30 / 1.30%
Quarterly Fund Fact Sheet (PDF)
Prospectus
Internal Prompt

Returns at NAV

Returns with CDSC

Read important investment disclosures
15.50%
1-year return
7.71%
5-year return
8.82%
10-year return
1.35%
30-Day SEC Yield
Returns as of 3/31/26 (updated monthly). Yield as of 3/31/26 (updated monthly).

Asset Mix

U.S. Equities48.6%
Non-U.S. Equities10.0%
U.S. Bonds32.5%
Non-U.S. Bonds2.5%
Cash & Equivalents
6.4%
As of 3/31/2026 (updated monthly)
Internal Prompt

Volatility & Return

Read important investment disclosures
For Class C Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
BALCX
60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index
Other AF Funds
Standard Deviation as of 03/31/2026 (updated monthly) . Annualized return as of 03/31/2026 (updated monthly) .
VIEW LARGER CHART

Market Capitalization

81.7%
Large
17.2%
Medium
1.1%
Small
$717,143.00 Million
Weighted Average


As of 12/31/2025 (updated quarterly). FactSet data as of 3/31/2026 (updated quarterly).

Morningstar Ownership ZoneTM

Moderate Allocation
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as of 3/31/26 (updated quarterly)
INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

Fund Statistics

6.2 years
Effective Duration
4.8%
Average Yield
to Worst
4%
Average Coupon
% of net assets as of 3/31/2026 (updated monthly)

Morningstar Style BoxTM— Fixed-Income

High Quality
Moderate Interest-Rate Sensitivity
Morningstar data as of 3/31/26 (updated quarterly)

Description

Objective
The investment objectives of the fund are: (1) conservation of capital, (2) current income and (3) long-term growth of capital and income.
Distinguishing Characteristics
With a diversified portfolio of quality stocks and bonds, this balanced fund generally invests between 50% and 75% of its assets in equities, with flexible exposure to growth-oriented and dividend-paying stocks. The fixed income portion of the portfolio, which generally invests in investment-grade bonds, provides diversification from equities. This approach has the potential to provide consistent results, and to limit volatility.
Types of Investments
Common stocks and preferred stocks, bonds, convertibles and cash.
Holdings Outside the U.S.
The fund may invest up to 20% of its assets in securities of issuers domiciled outside the United States.
Portfolio Restrictions
May not invest more than 75% of assets in common stocks. All of the fund's fixed-income investments must be investment-grade at the time of purchase.

Fund Facts

Fund Inception 7/26/1975
Fund Assets (millions)
As of 3/31/2026
 $263,614.7
Companies/Issuers
Holdings are as of 2/28/2026 (updated monthly).
 1133+
Shareholder Accounts
Shareholder accounts are as of 3/31/2026
 264,146
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid
Jun, Dec
Portfolio Turnover (2025) 106%
Fiscal Year-End Dec
Prospectus Date 03/01/2026
CUSIP 024071 30 0
Fund Number 311

Returns

Internal Prompt

Month-End Returns as of 3/31/26

Returns at NAV
| with CDSC
Read important investment disclosures
BALCX
60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 3/31/26

Growth of 10K

Read important investment disclosures

High & Low Prices

Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 1.28% 1.35%
Fund at MOP N/A N/A
As of 3/31/2026 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 3.77 8.40 17.74
60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index
4.60 15.70 --
Fund as of 3/31/26. Index as of 12/31/25.
Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Hilda Applbaum 26 31 42
Pramod Atluri 8 10 22
Paul Benjamin 11 20
Alan Berro 20 35 40
Mathews Cherian 4 22 29
Jin Lee 7 29 30
Chit Purani 3 4 22
John Queen 9 24 36
Anirudh Samsi 6 21 25
Ritchie Tuazon 5 15 26
Alan Wilson 10 35
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(465)
3-yr. Morningstar RatingTM
(465 funds rated)
5-yr. Morningstar RatingTM
(445 funds rated)
10-yr. Morningstar RatingTM
(371 funds rated)
Overall Morningstar Risk Average
HIGH
LOW
Category
Moderate Allocation
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 3/31/2026 (updated monthly).

Lipper Leader Scorecard

Over-all 3 yr. 5 yr. 10 yr.
Consistent Return Within Category
Funds Rated
(434)
(434)
(412)
(351)
Expense Within Category
Funds Rated
(66)
(66)
(64)
(61)
Preservation Within Category
Funds Rated
(4133)
(4133)
(3912)
(2805)
Tax Efficiency Within Category
Funds Rated
(434)
(434)
(412)
(351)
Total Return Within Category
Funds Rated
(434)
(434)
(412)
(351)
Category Mixed-Asset Target Allocation Growth
KEY
HIGHEST LOWEST
As of 3/31/2026 (updated monthly)

Risk Measures

Fund
Standard Deviation
9.66
Sharpe Ratio
0.67
For the 10 Years ending 3/31/26 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index
Morningstar Mod Tgt Risk TR USD
R-squared
92 94
Beta
0.62 0.94
Capture Ratio (Downside/Upside)
65/63 93/102
American Funds Benchmark for the 10 Years ending 3/31/26 (updated monthly).
Morningstar Benchmark for the 10 Years ending 3/31/26 (updated monthly).
U.S. Treasuries/Agencies
35.8%
AAA/Aaa
9.3%
AA/Aa
25.1%
A
15.8%
BBB/Baa
13.0%
BB/Ba
0.0%
Unrated
1.0%
% of net assets as of 3/31/2026 (updated monthly)

Average Life Breakdown

0-4.9 Years
17.8%
5-9.9 Years
12.0%
10-19.9 Years
2.0%
20-29.9 Years
3.0%
30+ Years
0.2%
% of net assets as of 3/31/2026 (updated monthly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 16.1%
Health care 6.8%
Financials 6.7%
Industrials 6.4%
Communication services 5.2%
Consumer discretionary 5.1%
Consumer staples 3.9%
Energy 3.6%
Materials 3.1%
Utilities 1.0%
Real estate 0.7%

% of net assets as of 3/31/2026 (updated monthly)

Bonds Breakdown

Top Equities

Broadcom
3.4%
Alphabet
3.2%
TSMC
2.7%
Philip Morris International
2.2%
NVIDIA
2.0%
Microsoft
2.0%
Eli Lilly
1.3%
Micron Technology
1.2%
Canadian Natural Resources
1.0%
Visa
1.0%

% of net assets as of 3/31/2026 (updated monthly)

Geographic Breakdown

Regions
United States
81.1%
Europe
4.6%
Asia & Pacific Basin
3.7%
Other (Including Canada & Latin America)
4.2%
Cash & equivalents
6.4%
% of net assets as of 3/31/2026 (updated monthly)

The New Geography of Investing ®

Equity Portion Breakdown by Domicile | Equity Portion Breakdown by Revenue
Regions Fund
60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index
United States 82.9% --
Canada 5.2% --
Europe & Middle East 5.3% --
Emerging markets ex. China 6.6% --

% of net assets as of 3/31/2026 (updated monthly)

Fund Breakdown by Domicile

Regions Fund
60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index
United States 48.7% --
Canada 3.1% --
Europe & Middle East 3.1% --
Emerging markets ex. China 3.9% --
Cash & equivalents
6.1% --
Fixed Income 35.1% --

% of net assets as of 3/31/2026 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

2026

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 04/20/26

FIND HISTORICAL DISTRIBUTIONS
2026
Record
Date		 Calculated
Date		 Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
03/16/26 03/16/26 03/17/26 $0.0382 $0.00 $0.00 $0.00 $37.44
2026 Year-to-Date: Dividends Subtotal: $0.0382 Cap Gains Subtotal: $0.00
Total Distributions: $0.0382

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.21%
Other Expenses 0.09%
Service 12b-1 1.00%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

BALCX 1.30%
Lipper Balanced Funds Average
1.68%
Fund as of most recent prospectus. Lipper Category as of 3/31/26 (updated quarterly).