Investment Fund

Share Class
Purchase Restrictions: Class 529-F-2 share funds are available only for CollegeAmerica accounts sold through Registered Investment Advisors.

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 $34.65 as of 6/21/2024 (updated daily)
Fund Assets (millions) $221,275.9
Portfolio Managers
14
Expense Ratio
(Gross/Net %)
0.33 / 0.33%

Internal Prompt

Returns at NAV

Returns at MOP

Asset Mix

U.S. Equities56.4%
Non-U.S. Equities8.0%
U.S. Bonds26.9%
Non-U.S. Bonds3.1%
Cash & Equivalents
5.6%
As of 5/31/2024 (updated monthly)
Internal Prompt

Volatility & Return

Read important investment disclosures
For Class 529-F-2 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
FBAFX
60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index
Other AF Funds
Standard Deviation as of 05/31/2024 (updated monthly) . Annualized return as of 05/31/2024 (updated monthly) .
VIEW LARGER CHART

Market Capitalization

82.9%
Large
16.1%
Medium
1.0%
Small
$209,217.63 Million
Weighted Average


As of 3/31/2024 (updated quarterly). Morningstar data as of 3/31/2024 (updated quarterly).

Morningstar Ownership ZoneTM

Moderate Allocation
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as of 3/31/24 (updated quarterly)

Fund Statistics

6.4 years
Effective Duration
5.5%
Average Yield
to Worst
4.1%
Average Coupon
% of net assets as of 5/31/2024 (updated monthly)

Morningstar Style BoxTM— Fixed-Income

High Quality
Moderate Interest-Rate Sensitivity
Morningstar data as of 3/31/24 (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 5/31/2024
$221,275.9
Companies/Issuers
Holdings are as of 5/31/2024 (updated monthly).
973+
Shareholder Accounts
Shareholder accounts are as of 5/31/2024
21,507
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid
Jun, Dec
Portfolio Turnover (2023) 171%
Fiscal Year-End Dec
Prospectus Date 03/01/2024
CUSIP 024071 748
Fund Number 1611

Returns

Internal Prompt

Month-End Returns as of 5/31/24

FBAFX
60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index

Quarter-End Returns as of 3/31/24

Growth of 10K

High & Low Prices

Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 2.48% 2.63%
Fund at MOP N/A N/A
As of 5/31/2024 (updated monthly)

Valuation

Price/ Price/ Price/
Book Cash Flow Earnings
Fund 3.81 13.67 19.48
60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index
4.10 15.00 21.80
Fund as of 3/31/24. Index as of 3/31/24.
Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Hilda L. Applbaum 25 29 40
Pramod Atluri 6 8 20
Paul Benjamin 10 18
Alan N. Berro 18 33 38
Mark L. Casey 4 23
Mathews Cherian 2 20 27
Irfan M. Furniturewala 0 23
Jeffrey T. Lager 13 27
Jin Lee 6 27 28
Anne-Marie Peterson 8 19 29
Chitrang Purani 1 2 20
John R. Queen 8 22 34
Ritchie Tuazon 4 13 24
Alan J. Wilson 8 33
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(680)
3-yr. Morningstar RatingTM
(680 funds rated)
5-yr. Morningstar RatingTM
(642 funds rated)
10-yr. Morningstar RatingTM
(485 funds rated)
Overall Morningstar Risk Average
HIGH
LOW
Category Moderate Allocation
Ratings are based on risk-adjusted returns as of 5/31/2024 (updated monthly).
Internal Prompt

Lipper Leader Scorecard

Over-all 3 yr. 5 yr. 10 yr.
Consistent Return Within Category
Funds Rated

(436)

(436)
Expense Within Category
Funds Rated

(248)

(248)
Preservation Within Category
Funds Rated

(4488)

(4488)
Tax Efficiency Within Category
Funds Rated

(437)

(437)
Total Return Within Category
Funds Rated

(437)

(437)
Category Mixed-Asset Target Allocation Growth
KEY
HIGHEST LOWEST
As of 5/31/2024 (updated monthly)

Risk Measures

Fund
Standard Deviation
9.73
Sharpe Ratio
0.67
For the 10 Years ending 5/31/24 (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 -- 95
Beta -- 0.95
Capture Ratio (Downside/Upside) --/-- 91/107
American Funds Benchmark for the 10 Years ending -- (updated monthly).
Morningstar Benchmark for the 10 Years ending 5/31/24 (updated monthly).
U.S. Treasuries/Agencies
17.2%
AAA/Aaa
44.5%
AA/Aa
5.4%
A
17.6%
BBB/Baa
14.1%
BB/Ba
0.2%
Unrated
1.0%
% of net assets as of 5/31/2024 (updated monthly)

Average Life Breakdown

0-4.9 Years
11.4%
5-9.9 Years
15.5%
10-19.9 Years
2.0%
20-29.9 Years
1.4%
30+ Years
0.1%
% of net assets as of 3/31/2024 (updated monthly)

Holdings

Equities Breakdown

Equity Fund Holdings
Information technology 15.9%
Health care 8.5%
Financials 8.0%
Communication services 7.1%
Industrials 6.5%
Consumer staples 5.5%
Consumer discretionary 4.4%
Energy 3.8%
Materials 1.9%
Utilities 1.8%
Real estate 1.1%

% of net assets as of 5/31/2024 (updated monthly)

Bonds Breakdown

Top Equities

Broadcom
4.6%
Microsoft
4.0%
Alphabet
2.8%
Meta Platforms
2.0%
UnitedHealth Group
1.9%
TSMC
1.8%
Philip Morris International
1.7%
Eli Lilly
1.4%
JPMorgan Chase
1.3%
Apple
1.2%

% of net assets as of 5/31/2024 (updated monthly)

Geographic Breakdown

United States
83.3%
Europe
5.0%
Asia & Pacific Basin
2.9%
Other (Including Canada & Latin America)
3.2%
Cash & equivalents
5.6%
% of net assets as of 5/31/2024 (updated monthly)

The New Geography of Investing ®

Regions Fund
60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index
United States 87.6% --
Canada 3.5% --
Europe 4.8% --
Emerging Markets 4.1% --

% of net assets as of 5/31/2024 (updated monthly)

Fund Breakdown by Domicile

Regions Fund
60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index
United States 56.6% --
Canada 2.3% --
Europe 3.1% --
Emerging Markets 2.7% --
Cash & Equivalents
5.4% --
Fixed Income 30.0% --

% of net assets as of 5/31/2024 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 06/21/24

2024
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
03/11/24 03/11/24 03/12/24 $0.1278 $0.00 $0.00 $0.00 $33.30
06/10/24 06/10/24 06/11/24 $0.128 $0.00 $0.00 $0.00 $34.03
2024 Year-to-Date: Dividends Subtotal: $0.2558 Cap Gains Subtotal: $0.00
Total Distributions: $0.2558

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.21%
Other Expenses 0.12%
Service 12b-1 --
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

FBAFX 0.33%
Lipper Balanced Funds Average
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).