Investment Fund

Share Class
Purchase Restrictions: Class 529-F-1 share funds are available only for CollegeAmerica accounts sold through Registered Investment Advisors.

Summary

Internal Prompt
A balanced approach to global growth-and-income investing. This globally diversified balanced fund has the ability to invest between 45% and 75% in equities, with an emphasis on well-established companies. The diversified and predominantly high-quality fixed income portion of the portfolio has the potential to provide income and limit volatility.
Price at NAV $39.37 as of 6/12/2025 (updated daily)
Fund Assets (millions) $26,860.2
Portfolio Managers
5
Expense Ratio
(Gross/Net %)
0.91 / 0.91%
Quarterly Fund Fact Sheet (PDF)
Prospectus
Internal Prompt

Returns at NAV

Returns at MOP

Asset Mix

U.S. Equities36.8%
Non-U.S. Equities26.0%
U.S. Bonds15.3%
Non-U.S. Bonds16.1%
Cash & Equivalents
5.8%
As of 5/31/2025 (updated monthly)
Internal Prompt

Volatility & Return

Read important investment disclosures
For Class 529-F-1 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
CBFFX
Global Balanced Historical Benchmarks Index
Other AF Funds
Standard Deviation as of 05/31/2025 (updated monthly) . Annualized return as of 05/31/2025 (updated monthly) .
VIEW LARGER CHART

Market Capitalization

86.2%
Large
13.4%
Medium
0.4%
Small
$420,413.00 Million
Weighted Average


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

Morningstar Ownership ZoneTM

Global Moderate Allocation
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as of 3/31/25 (updated quarterly)
INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

Fund Statistics

6.2 years
Effective Duration
5.2%
Average Yield
to Worst
3.8%
Average Coupon
% of net assets as of 5/31/2025 (updated monthly)

Morningstar Style BoxTM— Fixed-Income

Medium Quality
Moderate Interest-Rate Sensitivity
Morningstar data as of 3/31/25 (updated quarterly)

Description

Objective
This fund seeks the balanced accomplishment of three objectives: long-term growth of capital, conservation of principal and current income.
Distinguishing Characteristics
This globally diversified balanced fund has the ability to invest generally between 45% and 75% of its assets in equities, with an emphasis on well-established companies, including those paying dividends and those with attractive growth prospects. The diversified and predominantly high-quality fixed income portion of the portfolio has the potential to provide income and limit volatility. Most of the fixed income exposure is hedged back to U.S. dollars.
Types of Investments
The fund normally maintains at least 45% of its assets in common stocks and other equity investments, with a focus on medium- and larger-sized companies. Typically, the fund also invests at least 25% of its assets in investment-grade (BBB/Baa and above) fixed-income securities (or unrated, but determined by the fund’s investment adviser to be of equivalent quality), including government/agency, corporate, mortgage- and asset-backed securities and money market instruments.
Holdings Outside the U.S.
The fund normally invests a significant portion of its assets outside the United States, including in emerging market countries. Under normal market conditions, the fund will invest at least 40% of net assets outside of the U.S. (or at least the level of the MSCI ACWI Index’s ex-U.S. exposure minus 5%, whichever is lower).
Portfolio Restrictions
Most of the fund's fixed-income securities are investment-grade (rated BBB-/Baa3 or better, or unrated but determined to be of equivalent quality by the fund's investment adviser). However, the fund may invest up to 5% of its assets in lower quality, higher yielding debt securities (rated BB+/Ba1 or below, or unrated but determined to be of equivalent quality), including securities convertible into common stocks.

Fund Facts

Fund Inception 2/01/2011
Fund Assets (millions)
As of 5/31/2025
 $26,860.2
Companies/Issuers
Holdings are as of 5/31/2025 (updated monthly).
 442+
Shareholder Accounts
Shareholder accounts are as of 5/31/2025
 1
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2024) 114%
Fiscal Year-End Oct
Prospectus Date 01/01/2025
CUSIP 02629W 87 4
Fund Number 1437

Returns

Internal Prompt

Month-End Returns as of 5/31/25

Returns at NAV
| at MOP
Read important investment disclosures
CBFFX
Global Balanced Historical Benchmarks Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 3/31/25

Growth of 10K

Read important investment disclosures

High & Low Prices

Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 2.05% 2.53%
Fund at MOP N/A N/A
As of 5/31/2025 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 2.77 10.52 16.20
Global Balanced Historical Benchmarks Index
-- -- --
Fund as of 3/31/25. Index as of --.
Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Alfonso Barroso 12 30 31
Philip Chitty 2 21 30
Andrew A. Cormack 6 6 20
Bradford F. Freer 5 31 34
Winnie Kwan 12 25 30
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(454)
3-yr. Morningstar RatingTM
(454 funds rated)
5-yr. Morningstar RatingTM
(426 funds rated)
10-yr. Morningstar RatingTM
(324 funds rated)
Overall Morningstar Risk Average
HIGH
LOW
Category
Global Moderate Allocation
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 5/31/2025 (updated monthly).
Internal Prompt

Lipper Leader Scorecard

Over-all 3 yr. 5 yr. 10 yr.
Consistent Return Within Category
Funds Rated
(392)
(392)
(342)
(238)
Expense Within Category
Funds Rated
(177)
(177)
(165)
(107)
Preservation Within Category
Funds Rated
(4257)
(4257)
(3747)
(2611)
Tax Efficiency Within Category
Funds Rated
(397)
(397)
(347)
(242)
Total Return Within Category
Funds Rated
(391)
(391)
(341)
(236)
Category Flexible Portfolio Funds
KEY
HIGHEST LOWEST
As of 5/31/2025 (updated monthly)

Risk Measures

Fund
Standard Deviation
10.18
Sharpe Ratio
0.37
For the 10 Years ending 5/31/25 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
Global Balanced Historical Benchmarks Index
Morningstar Mod Tgt Risk TR USD
R-squared
92 95
Beta
0.65 0.98
Capture Ratio (Downside/Upside)
66/63 101/96
American Funds Benchmark for the 10 Years ending 5/31/25 (updated monthly).
Morningstar Benchmark for the 10 Years ending 5/31/25 (updated monthly).
U.S. Treasuries/Agencies
19.1%
AAA/Aaa
12.9%
AA/Aa
22.4%
A
22.5%
BBB/Baa
16.4%
BB/Ba
3.9%
B
0.2%
Unrated
2.6%
% of net assets as of 5/31/2025 (updated monthly)

Average Life Breakdown

0-4.9 Years
13.8%
5-9.9 Years
13.7%
10-19.9 Years
1.8%
20-29.9 Years
2.5%
30+ Years
0.2%
% of net assets as of 3/31/2025 (updated monthly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Financials 10.5%
Information technology 9.8%
Health care 8.5%
Industrials 8.3%
Communication services 5.3%
Consumer staples 4.6%
Consumer discretionary 4.6%
Utilities 4.2%
Materials 4.0%
Energy 2.3%
Real estate 0.7%

% of net assets as of 5/31/2025 (updated monthly)

Bonds Breakdown

Top Equities

Microsoft
2.5%
Broadcom
2.4%
Meta Platforms
2.1%
Rtx Corp
1.8%
TSMC
1.6%
Alphabet
1.5%
Amazon.com
1.3%
Philip Morris International
1.2%
Canadian Natural Resources
1.2%
Sanofi
1.2%

% of net assets as of 5/31/2025 (updated monthly)

Geographic Breakdown

Regions | Top Countries
United States
52.2%
Europe
21.8%
Asia & Pacific Basin
11.9%
Other (Including Canada & Latin America)
8.4%
Cash & equivalents
5.8%
% of net assets as of 5/31/2025 (updated monthly)

The New Geography of Investing ®

Equity Portion Breakdown by Domicile | Equity Portion Breakdown by Revenue
Regions Fund
Global Balanced Historical Benchmarks Index
United States 58.7% 64.2%
Canada 3.9% 2.9%
Europe 24.3% 15.3%
Japan 3.8% 5.0%
Asia-Pacific ex. Japan 0.8% 2.4%
Emerging Markets 8.4% 10.2%

% of net assets as of 5/31/2025 (updated monthly)

Fund Breakdown by Domicile

Regions Fund
Global Balanced Historical Benchmarks Index
United States 37.0% 64.2%
Canada 2.5% 2.9%
Europe 15.4% 15.3%
Japan 2.4% 5.0%
Asia-Pacific ex. Japan 0.5% 2.4%
Emerging Markets 5.3% 10.2%
Cash & Equivalents
5.5% --
Fixed Income 31.4% --

% of net assets as of 5/31/2025 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

2025

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 06/12/25

FIND HISTORICAL DISTRIBUTIONS
2025
Record
Date		 Calculated
Date		 Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
03/21/25 03/21/25 03/24/25 $0.1938 $0.00 $0.00 $0.00 $37.44
2025 Year-to-Date: Dividends Subtotal: $0.1938 Cap Gains Subtotal: $0.00
Total Distributions: $0.1938

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.43%
Other Expenses 0.23%
Service 12b-1 0.25%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

CBFFX 0.91%
Lipper Flexible Portfolio Funds Average
1.02%
Fund as of most recent prospectus. Lipper Category as of 3/31/25 (updated quarterly).