Fund Details

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 $29.46 as of 3/31/2023 (updated daily)

Fund Assets (millions) $192,912.8

Portfolio Managers

Expense Ratio

0.57%

Prospectus (PDF)

Internal Prompt

Returns at NAV
Returns with Sales Charge

Returns at NAV

Returns with Sales Charge

Read important investment disclosures

-12.42%

1-year return

4.46%

5-year return

7.24%

10-year return

1.36%

30-Day SEC Yield

Returns as of 2/28/23 (updated monthly). Yield as of 2/28/23 (updated monthly).

Asset Mix

	U.S. Equities53.4%		Non-U.S. Equities7.5%
	U.S. Bonds29.7%		Non-U.S. Bonds3.5%
	Cash & Equivalents 5.9%

	U.S. Equities53.4%
	Non-U.S. Equities7.5%
	U.S. Bonds29.7%
	Non-U.S. Bonds3.5%
	Cash & Equivalents 5.9%

As of 2/28/2023 (updated monthly)

Growth of 10K
High & Low Prices

Growth of 10K

Read important investment disclosures

For Class A Shares, this chart tracks a hypothetical investment with dividends reinvested through 12/31/2022.

VIEW LARGER CHART

ABALX

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

VIEW LARGER CHART

High & Low Prices

Market Capitalization

85.2%

Large

14.5%

Medium

0.3%

Small

$128,687.99 Million

Weighted Average

As of 12/31/2022 (updated quarterly). Morningstar data as of 12/31/2022 (updated quarterly).

Morningstar Ownership Zone^TM

Allocation--50% to 70% Equity

Weighted average of holdings

75% of fund's stock holdings

Morningstar data as of 12/31/22 (updated quarterly)

INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

Fund Statistics

6.2 years

Effective Duration

Average Yield
to Worst

3.1%

Average Coupon

% of net assets as of 12/31/2022 (updated quarterly)

Morningstar Style Box^TM— Fixed-Income

High Quality

Moderate Interest-Rate Sensitivity

Morningstar data as } of 12/31/22 (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 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.

Fund Facts

Fund Inception	7/26/1975
Fund Assets (millions) As of 2/28/2023	$192,912.8
Companies/Issuers Holdings are as of 12/31/2022 (updated quarterly).	744+
Shareholder Accounts Shareholder accounts are as of 2/28/2023	2,652,937
Regular Dividends Paid	Mar, Jun, Sep, Dec

Minimum Initial Investment	$250
Capital Gains Paid	Jun, Dec
Portfolio Turnover (2022)	157%
Fiscal Year-End	Dec
Prospectus Date	03/01/2023
CUSIP	024071 10 2
Fund Number	11

Returns LEARN ABOUT THE SYSTEM BEHIND OUR RESULTS

Internal Prompt

Month-End Returns as of 2/28/23
Quarter-End Returns as of 12/31/22

ANNUAL RETURNS CHART

Month-End Returns as of 2/28/23

Returns at NAV

| With Sales Charge

Read important investment disclosures

ABALX

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

ANNUAL RETURNS CHART

Quarter-End Returns as of 12/31/22

Internal Prompt

Volatility & Return

VIEW LARGER CHART

Read important investment disclosures

Equities | Fixed Income

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 02/28/2023 (updated monthly) . Annualized return as of 02/28/2023 (updated monthly) .

VIEW LARGER CHART

Internal Prompt

Yield

	12-month
	Distribution Rates	30-day SEC Yield
Fund at NAV	1.67%	N/A
Fund at MOP	1.57%	1.36%

As of 2/28/2023 (updated monthly)

Valuation

	Price/	Price/	Price/
	Book	Cash Flow	Earnings
Fund	2.98	8.98	14.56
60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index	3.20	10.00	16.90

Fund as of 12/31/22. Index as of 12/31/22.

Portfolio Management

Years of Experience with Fund

Years of Experience with Capital Group

Years of Experience with Investment Industry

Hilda L. Applbaum 36 28 24

Pramod Atluri 25 7 5

Paul Benjamin 18 18 9

Alan N. Berro 37 32 17

Mark L. Casey 23 23 3

Jeffrey T. Lager 28 26 12

Jin Lee 27 26 5

Anne-Marie Peterson 29 18 7

Chitrang Purani 19 1 1

John R. Queen 33 21 7

Ritchie Tuazon 23 12 3

Alan J. Wilson 38 32 7

Hilda L. Applbaum	24	28	36
Pramod Atluri	5	7	25
Paul Benjamin	9	18
Alan N. Berro	17	32	37
Mark L. Casey	3	23
Jeffrey T. Lager	12	26	28
Jin Lee	5	26	27
Anne-Marie Peterson	7	18	29
Chitrang Purani	1	1	19
John R. Queen	7	21	33
Ritchie Tuazon	3	12	23
Alan J. Wilson	7	32	38

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 Rating^TM Funds rated(683)
3-yr. Morningstar Rating^TM (683 funds rated)
5-yr. Morningstar Rating^TM (655 funds rated)
10-yr. Morningstar Rating^TM (485 funds rated)
Overall Morningstar Risk	Below Average HIGH LOW
Category	Allocation--50% to 70% Equity

ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS

Ratings are based on risk-adjusted returns as of 2/28/2023 (updated monthly).

Risk Measures

		Fund
Standard Deviation		9.42
Sharpe Ratio		0.76
For the 10 Years ending 2/28/23 (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	96	94
Beta	0.97	0.97
Capture Ratio (Downside/Upside)	99/101	94/109
American Funds Benchmark for the 10 Years ending 12/31/22 (updated quarterly). Morningstar Benchmark for the 10 Years ending 2/28/23 (updated monthly).

Quality Summary

Read important investment disclosures

U.S. Treasuries/Agencies

24.5%

AAA/Aaa

38.1%

AA/Aa

5.6%

11.9%

BBB/Baa

18.6%

BB/Ba

0.1%

Unrated

1.1%

% of net assets as of 12/31/2022 (updated quarterly)

Average Life Breakdown

0-4.9 Years

13.0%

5-9.9 Years

14.5%

10-19.9 Years

2.8%

20-29.9 Years

2.7%

30+ Years

0.1%

% of net assets as of 12/31/2022 (updated quarterly)

Holdings

Equities Breakdown
Bonds Breakdown

Equities Breakdown

Sectors | Top Industries

Equity Fund Holdings

	Health care 11.7%
	Information technology 10.9%
	Consumer discretionary 7.0%
	Financials 6.6%
	Consumer staples 5.9%
	Industrials 5.5%
	Energy 5.3%
	Communication services 3.8%
	Materials 2.3%
	Real estate 1.9%
	Utilities 1.2%

% of net assets as of 12/31/2022 (updated quarterly)

Bonds Breakdown

Total bond holdings

Mortgage-backed obligations + 11.2%

Corporate bonds, notes & loans + 10.5%

Financials	3.5%
Utilities	1.2%
Consumer discretionary	1.1%
Telecommunication services	1.0%
Industrials	0.9%
Health Care	0.8%
Consumer staples	0.7%
Energy	0.5%
Information technology	0.4%
Materials	0.2%
Other corporate bonds, notes & loans	0.2%

U.S. government & government agency bonds & notes 8.1%

Asset-backed obligations 2.5%

Municipal securities 0.4%

Non-U.S. government/agency securities 0.4%

Convertible securities 0.1%

% of net assets as of 12/31/2022 (updated quarterly)

Microsoft

3.3%

Broadcom

2.7%

UnitedHealth Group

2.1%

Philip Morris International

2.1%

Home Depot

1.4%

JPMorgan Chase

1.3%

Alphabet

1.3%

Pfizer

1.2%

TSMC

1.0%

ASML

1.0%

% of net assets as of 2/28/2023 (updated monthly)

QUARTERLY HOLDINGS

U.S. Treasury

8.1%

Fannie Mae

3.8%

UMBS

3.0%

Federal Home Loan Mortgage

2.0%

Ginnie Mae II

1.1%

Boeing

0.5%

PG&E

0.4%

Netflix

0.3%

Bank of America

0.3%

MEXICO (UNITED MEXICAN STATES) (GOVERNMENT)

0.3%

% of net assets as of 12/31/2022 (updated quarterly)

QUARTERLY HOLDINGS

Geographic Breakdown

Regions

United States

84.0%

Europe

5.4%

Asia & Pacific Basin

2.1%

Other (Including Canada & Latin America)

3.7%

Cash & equivalents

4.8%

% of net assets as of 12/31/2022 (updated quarterly)

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	88.1%	100.0%
Canada	3.7%	0.0%
Europe	5.5%	0.0%
Japan	0.3%	0.0%
Asia-Pacific ex. Japan	0.0%	0.0%
Emerging Markets	2.3%	0.0%

% of net assets as of 12/31/2022 (updated quarterly)

Regions	Fund	60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index
United States	57.3%	100.0%
Canada	2.4%	0.0%
Europe	3.6%	0.0%
Japan	0.2%	0.0%
Asia-Pacific ex. Japan	0.0%	0.0%
Emerging Markets	1.5%	0.0%
Cash & Equivalents	4.7%	--
Fixed Income	30.3%	--

% of net assets as of 12/31/2022 (updated quarterly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End
Historical Prices Year-End

FIND HISTORICAL PRICES

Historical Prices Month-End

2023

FIND HISTORICAL PRICES

Historical Prices Year-End

Internal Prompt

Historical Distributions
as of 03/31/23

Historical Distributions as of 03/31/23

2023

Record Date	Calculated Date	Pay Date	Income Dividend Regular	Income Dividend Special	Cap. Gains Long-Term	Cap. Gains Short-Term	Reinvest NAV
03/13/23	03/13/23	03/14/23	$0.10	$0.00	$0.00	$0.00	$28.55
		2023 Year-to-Date:	Dividends Subtotal: $0.10		Cap Gains Subtotal: $0.00
			Total Distributions: $0.10

Rate	As of Date
0.00000000	03/14/2023
0.00000000	03/15/2023
0.00000000	03/16/2023
0.00000000	03/17/2023
0.00000000	03/20/2023
0.00000000	03/21/2023
0.00000000	03/22/2023
0.00000000	03/23/2023
0.00000000	03/24/2023
0.00000000	03/27/2023
0.00000000	03/28/2023
0.00000000	03/29/2023
0.00000000	03/30/2023
0.00000000	03/31/2023

FIND HISTORICAL DISTRIBUTIONS

Rate		As of-Date
0.00000000		03/14/2023
0.00000000		03/15/2023
0.00000000		03/16/2023
0.00000000		03/17/2023
0.00000000		03/20/2023
0.00000000		03/21/2023
0.00000000		03/22/2023
0.00000000		03/23/2023
0.00000000		03/24/2023
0.00000000		03/27/2023
0.00000000		03/28/2023
0.00000000		03/29/2023
0.00000000		03/30/2023
0.00000000		03/31/2023

Fees & Expenses

Internal Prompt

Fees


Annual Management Fees	0.21%
Other Expenses	0.11%
Service 12b-1	0.25%

As of each fund's most recent prospectus.

Internal Prompt

Expense Ratio

ABALX	0.57%
Lipper Balanced Funds Average	1.08%

Fund as of most recent prospectus. Lipper Category as of 12/31/22 (updated quarterly).

Resources

Prospectuses & Reports for ABALX

Quarterly Fund Fact Sheet (PDF) 01/23
Single Sheet (PDF) 03/22
Summary Prospectus (PDF) 03/23
Prospectus (PDF) 03/23
Statement of additional information (PDF) 03/23
Semi-Annual Report (PDF) 08/22
Annual Report (PDF) 02/23

About Our Funds

Share Class Pricing Details
Stats Update (PDF)
Resource Guide (PDF)
4Q-2022 Quarterly Statistical Update (PDF)

ACCOUNT INFORMATION

Select your location

INVESTMENT OPTIONS

MUTUAL FUND RESOURCES

RETIREMENT

MORE OFFERINGS

OUR APPROACH

LIFE MOMENTS

TOOLS & CALCULATORS

TOPICS

MANAGING YOUR ACCOUNT

OTHER RESOURCES

CAPITAL IDEAS

Investment Fund

American Balanced Fund ® (ABALX)

Summary

Returns at NAV

Returns with Sales Charge

Returns at NAV

Returns with Sales Charge

Asset Mix

Growth of 10K

High & Low Prices

Growth of 10K

High & Low Prices

Market Capitalization

Morningstar Ownership ZoneTM

Fund Statistics

Morningstar Style BoxTM— Fixed-Income

Description

Fund Facts

Returns LEARN ABOUT THE SYSTEM BEHIND OUR RESULTS

Month-End Returns as of 2/28/23

Quarter-End Returns as of 12/31/22

Month-End Returns as of 2/28/23

Quarter-End Returns as of 12/31/22

Volatility & Return

Yield

Valuation

Portfolio Management

Ratings & Risk

Morningstar Rating TM

Risk Measures

Quality Summary

Average Life Breakdown

Holdings

Equities Breakdown

Bonds Breakdown

Equities Breakdown

Bonds Breakdown

Bond Details

Top Equities

Top Fixed-Income Issuers

Geographic Breakdown

The New Geography of Investing ®

Fund Breakdown by Domicile

Prices & Distributions

Historical Prices Month-End

Historical Prices Year-End

Historical Prices Month-End

Historical Prices Year-End

Historical Distributions

Historical Distributions as of 03/31/23

Fees & Expenses

Fees

Expense Ratio

Resources

Prospectuses & Reports for ABALX

About Our Funds

Morningstar Ownership Zone^TM

Morningstar Style Box^TM— Fixed-Income

Morningstar Rating ^TM