American Balanced Fund - A | American Funds

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RETIREMENT PLAN INVESTOR

Use your plan ID (available on your account statement) to determine which employer-sponsored retirement plan website to use:

IF YOUR PLAN ID BEGINS WITH IRK, BRK, 1, 2 OR 754

Visit americanfunds.com/retire

IF YOUR PLAN ID BEGINS WITH 34 OR 135

Visit myretirement.americanfunds.com

BALANCED FUNDS

®

Share Class

Notice: Effective March 1, 2020, the fund’s primary benchmark is 60%/40% S&P 500 Index/Bloomberg Barclays U.S. Aggregate Index.

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 $29.69 as of 5/20/2022 (updated daily)
Fund Assets (millions) $204,391.2
Portfolio Managers
10
Expense Ratio
0.56%

Internal Prompt

Returns at NAV

Returns with Sales Charge

Read important investment disclosures
-7.36%
1-year return
6.89%
5-year return
8.47%
10-year return
1.70%
30-Day SEC Yield
Returns as of 4/30/22 (updated monthly). Yield as of 4/30/22 (updated monthly).

Asset Mix

U.S. Equities53.7%
Non-U.S. Equities8.5%
U.S. Bonds29.4%
Non-U.S. Bonds3.7%
Cash & Equivalents
4.7%
U.S. Equities53.7%
Non-U.S. Equities8.5%
U.S. Bonds29.4%
Non-U.S. Bonds3.7%
Cash & Equivalents
4.7%
As of 4/30/2022 (updated monthly)

Growth of 10K

Read important investment disclosures
For Class A Shares, this chart tracks a hypothetical investment with dividends reinvested through 12/31/2021.
ABALX
60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index

High & Low Prices

Market Capitalization

84.7%
Large
15.0%
Medium
0.4%
Small
$149,382.48 Million
Weighted Average


As of 3/31/2022 (updated quarterly). Morningstar data as of 3/31/2022 (updated quarterly).

Morningstar Ownership ZoneTM

Allocation--50% to 70% Equity
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as of 3/31/22 (updated quarterly)

Fund Statistics

7.2 years
Effective Duration
2.5%
Average Yield
to Worst
2.2%
Average Coupon
% of net assets as of 3/31/2022 (updated quarterly)

Morningstar Style BoxTM— Fixed-Income

High Quality
Moderate Interest-Rate Sensitivity
Morningstar data as } of 3/31/22 (updated quarterly)

Description

Fund 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 strategy 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 strategy, which invests only in investment-grade bonds, provides diversification from equities. This approach historically has led to more consistent results, with below-average volatility, versus its peers and better downside resilience versus the S&P 500.
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 4/30/2022
$204,391.2
Companies/Issuers
Holdings are as of 3/31/2022 (updated quarterly).
720+
Shareholder Accounts
Shareholder accounts are as of 4/30/2022
2,665,080
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid
Jun, Dec
Portfolio Turnover (2021) 158%
Fiscal Year-End Dec
Prospectus Date 03/01/2022
CUSIP 024071 10 2
Fund Number 11

Returns

Internal Prompt

Month-End Returns as of 4/30/22

Quarter-End Returns as of 3/31/22

Internal Prompt

Volatility & Return

Read important investment disclosures
For Class A Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
ABALX
60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index
Other AF Funds
Standard Deviation as of 04/30/2022 (updated monthly) . Annualized return as of 04/30/2022 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 1.28% N/A
Fund at MOP 1.21% 1.70%
As of 4/30/2022 (updated monthly)

Valuation

Price/ Price/ Price/
Book Cash Flow Earnings
Fund 3.23 10.79 16.01
60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index
3.80 13.10 20.00
Fund as of 3/31/22. Index as of 3/31/22.

Portfolio Management

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Hilda L. Applbaum 23 27 35
Pramod Atluri 4 6 24
Paul Benjamin 8 17
Alan N. Berro 16 31 36
Mark L. Casey 2 22
Jeffrey T. Lager 11 25 27
Anne-Marie Peterson 6 17 28
John R. Queen 6 20 32
Ritchie Tuazon 2 11 22
Alan J. Wilson 6 31 37
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(703)
3-yr. Morningstar RatingTM
(703 funds rated)
5-yr. Morningstar RatingTM
(643 funds rated)
10-yr. Morningstar RatingTM
(458 funds rated)
Overall Morningstar Risk Below Average
HIGH
LOW
Category Allocation--50% to 70% Equity
Ratings are based on risk-adjusted returns as of 4/30/2022 (updated monthly).

Risk Measures

Fund
Standard Deviation
8.44
Sharpe Ratio
1.00
For the 10 Years ending 4/30/22 (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 94
Beta 0.99 0.97
Capture Ratio (Downside/Upside) 104/102 92/111
American Funds Benchmark for the 10 Years ending 3/31/22 (updated quarterly).
Morningstar Benchmark for the 10 Years ending 4/30/22 (updated monthly).
U.S. Treasuries/Agencies
41.5%
AAA/Aaa
19.0%
AA/Aa
5.1%
A
13.2%
BBB/Baa
19.8%
BB/Ba
0.2%
Unrated
1.3%
% of net assets as of 3/31/2022 (updated quarterly)

Average Life Breakdown

0-4.9 Years
13.5%
5-9.9 Years
11.8%
10-19.9 Years
2.7%
20-29.9 Years
4.1%
30+ Years
0.2%
% of net assets as of 3/31/2022 (updated quarterly)

Holdings

Equities Breakdown

Equity Fund Holdings
Information technology 14.2%
Health care 9.6%
Financials 7.3%
Consumer discretionary 5.7%
Communication services 5.5%
Consumer staples 5.5%
Industrials 5.2%
Energy 4.7%
Materials 3.0%
Real estate 2.2%
Utilities 0.7%

% of net assets as of 3/31/2022 (updated quarterly)

Bonds Breakdown

Top Equities

Microsoft
3.8%
Broadcom
2.8%
UnitedHealth Group
2.6%
Philip Morris International
2.0%
Home Depot
1.3%
Alphabet
1.3%
Pfizer
1.3%
TSMC
1.2%
CVS
1.0%
Comcast
1.0%

% of net assets as of 4/30/2022 (updated monthly)

Geographic Breakdown

United States
83.1%
Europe
5.9%
Asia & Pacific Basin
2.8%
Other (Including Canada & Latin America)
4.1%
Cash & equivalents
4.1%
% of net assets as of 3/31/2022 (updated quarterly)

The New Geography of Investing ®

Regions Fund
60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index
United States 85.8% 100.0%
Canada 3.8% 0.0%
Europe 6.3% 0.0%
Japan 0.3% 0.0%
Asia-Pacific ex. Japan 0.0% 0.0%
Emerging Markets 3.7% 0.0%

% of net assets as of 3/31/2022 (updated quarterly)

Fund Breakdown by Domicile

Regions Fund
60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index
United States 54.5% 100.0%
Canada 2.4% 0.0%
Europe 4.0% 0.0%
Japan 0.2% 0.0%
Asia-Pacific ex. Japan 0.0% 0.0%
Emerging Markets 2.3% 0.0%
Cash & Equivalents
4.1% --
Fixed Income 32.4% --

% of net assets as of 3/31/2022 (updated quarterly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 05/20/22

2022
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
03/14/22 03/14/22 03/15/22 $0.10 $0.00 $0.00 $0.00 $30.79
2022 Year-to-Date: Dividends Subtotal: $0.10 Cap Gains Subtotal: $0.00
Total Distributions: $0.10

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.21%
Other Expenses 0.10%
Service 12b-1 0.25%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

ABALX 0.56%
Lipper Balanced Funds Average
1.04%
Fund as of most recent prospectus. Lipper Category as of 3/31/22 (updated quarterly).

Resources

Prospectuses & Reports for ABALX