American Balanced Fund - 529-A

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 $31.11 as of 12/08/2023 (updated daily)

Fund Assets (millions) $190,626.9

Portfolio Managers

Expense Ratio
(Gross/Net %)

0.60 / 0.60%

Prospectus (PDF)

Internal Prompt

Returns at NAV
Returns with Sales Charge

Returns at NAV

Returns with Sales Charge

Read important investment disclosures

2.17%

1-year return

6.14%

5-year return

6.78%

10-year return

2.69%

30-Day SEC Yield

Returns as of 11/30/23 (updated monthly). Yield as of 10/31/23 (updated monthly).

Asset Mix

	U.S. Equities54.2%		Non-U.S. Equities6.9%
	U.S. Bonds30.5%		Non-U.S. Bonds3.6%
	Cash & Equivalents 4.8%

	U.S. Equities54.2%
	Non-U.S. Equities6.9%
	U.S. Bonds30.5%
	Non-U.S. Bonds3.6%
	Cash & Equivalents 4.8%

As of 10/31/2023 (updated monthly)

Growth of 10K
High & Low Prices

Growth of 10K

Read important investment disclosures

For Class 529-A Shares, this chart tracks a hypothetical investment with dividends reinvested, over the last 20 years, or since inception date if the fund has been in existence under 20 years, through 12/31/2022.

VIEW LARGER CHART

CLBAX

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

VIEW LARGER CHART

High & Low Prices

Market Capitalization

83.9%

Large

15.3%

Medium

0.8%

Small

$154,083.45 Million

Weighted Average

As of 9/30/2023 (updated quarterly). Morningstar data as of 9/30/2023 (updated quarterly).

Morningstar Ownership Zone^TM

Moderate Allocation

Weighted average of holdings

75% of fund's stock holdings

Morningstar data as of 9/30/23 (updated quarterly)

INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

Fund Statistics

5.9 years

Effective Duration

Average Yield
to Worst

3.8%

Average Coupon

% of net assets as of 10/31/2023 (updated monthly)

Morningstar Style Box^TM— Fixed-Income

High Quality

Moderate Interest-Rate Sensitivity

Morningstar data as of 9/30/23 (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 10/31/2023	$190,626.9
Companies/Issuers Holdings are as of 10/31/2023 (updated monthly).	864+
Shareholder Accounts Shareholder accounts are as of 10/31/2023	312,000
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 50 8
Fund Number	1011

Returns LEARN ABOUT THE SYSTEM BEHIND OUR RESULTS

Internal Prompt

Month-End Returns as of 11/30/23
Quarter-End Returns as of 9/30/23

ANNUAL RETURNS CHART

Month-End Returns as of 11/30/23

Returns at NAV

| With Sales Charge

Read important investment disclosures

CLBAX

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

ANNUAL RETURNS CHART

Quarter-End Returns as of 9/30/23

Internal Prompt

Volatility & Return

VIEW LARGER CHART

Read important investment disclosures

Equities | Fixed Income

For Class 529-A Shares, this chart tracks the 10-year standard deviation

and 10-year annualized return of the equity funds

CLBAX

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

Other AF Funds

Standard Deviation as of 11/30/2023 (updated monthly) . Annualized return as of 11/30/2023 (updated monthly) .

VIEW LARGER CHART

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Yield

	12-month
	Distribution Rates	30-day SEC Yield
Fund at NAV	1.63%	N/A
Fund at MOP	1.58%	2.69%

As of 10/31/2023 (updated monthly)

Valuation

	Price/	Price/	Price/
	Book	Cash Flow	Earnings
Fund	3.31	10.86	15.63
60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index	3.50	12.80	17.80

Fund as of 9/30/23. Index as of 9/30/23.

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(701)
3-yr. Morningstar Rating^TM (701 funds rated)
5-yr. Morningstar Rating^TM (659 funds rated)
10-yr. Morningstar Rating^TM (490 funds rated)
Overall Morningstar Risk	Below Average HIGH LOW
Category	Moderate Allocation

ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS

Ratings are based on risk-adjusted returns as of 11/30/2023 (updated monthly).

Risk Measures

		Fund
Standard Deviation		9.60
Sharpe Ratio		0.64
For the 10 Years ending 11/30/23 (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	95
Beta	0.96	0.95
Capture Ratio (Downside/Upside)	100/97	93/106
American Funds Benchmark for the 10 Years ending 9/30/23 (updated quarterly). Morningstar Benchmark for the 10 Years ending 11/30/23 (updated monthly).

Quality Summary

Read important investment disclosures

U.S. Treasuries/Agencies

19.2%

AAA/Aaa

41.7%

AA/Aa

6.4%

15.6%

BBB/Baa

16.2%

Unrated

0.9%

% of net assets as of 10/31/2023 (updated monthly)

Average Life Breakdown

0-4.9 Years

13.4%

5-9.9 Years

13.6%

10-19.9 Years

4.6%

20-29.9 Years

2.4%

30+ Years

0.2%

% of net assets as of 9/30/2023 (updated quarterly)

Holdings

Equities Breakdown
Bonds Breakdown

Equities Breakdown

Sectors | Top Industries

Equity Fund Holdings

	Information technology 13.0%
	Health care 9.2%
	Financials 6.8%
	Industrials 6.6%
	Consumer staples 5.8%
	Communication services 5.3%
	Consumer discretionary 4.7%
	Energy 4.5%
	Materials 2.4%
	Utilities 1.5%
	Real estate 1.3%

% of net assets as of 10/31/2023 (updated monthly)

Bonds Breakdown

Total bond holdings

Mortgage-backed obligations + 12.3%

Corporate bonds, notes & loans + 11.0%

Financials	4.6%
Utilities	1.2%
Consumer discretionary	0.9%
Health Care	0.9%
Industrials	0.8%
Telecommunication services	0.8%
Energy	0.7%
Consumer staples	0.5%
Other corporate bonds, notes & loans	0.3%
Information technology	0.2%
Materials	0.1%

U.S. government & government agency bonds & notes 7.1%

Asset-backed obligations 3.0%

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

Municipal securities 0.3%

% of net assets as of 9/30/2023 (updated quarterly)

Microsoft

4.6%

Broadcom

3.6%

UnitedHealth Group

2.3%

Philip Morris International

2.0%

Alphabet

1.7%

Eli Lilly

1.4%

Home Depot

1.3%

Meta Platforms

1.2%

TSMC

1.1%

Canadian Natural Resources

1.1%

% of net assets as of 10/31/2023 (updated monthly)

QUARTERLY HOLDINGS

U.S. Treasury

7.1%

UMBS

4.2%

Fannie Mae

3.2%

Federal Home Loan Mortgage

2.5%

Ginnie Mae II

0.9%

PG&E

0.4%

Boeing

0.4%

Bank of America

0.4%

JPMorgan Chase

0.3%

Morgan Stanley

0.3%

% of net assets as of 9/30/2023 (updated quarterly)

QUARTERLY HOLDINGS

Geographic Breakdown

Regions

United States

84.8%

Europe

4.9%

Asia & Pacific Basin

2.1%

Other (Including Canada & Latin America)

3.4%

Cash & equivalents

4.8%

% of net assets as of 10/31/2023 (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	88.9%	100.0%
Canada	3.8%	0.0%
Europe	4.5%	0.0%
Japan	0.3%	0.0%
Emerging Markets	2.5%	0.0%

% of net assets as of 9/30/2023 (updated quarterly)

Regions	Fund	60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index
United States	54.5%	100.0%
Canada	2.3%	0.0%
Europe	2.8%	0.0%
Japan	0.2%	0.0%
Emerging Markets	1.6%	0.0%
Cash & Equivalents	4.5%	--
Fixed Income	34.2%	--

% of net assets as of 9/30/2023 (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 12/08/23

Historical Distributions as of 12/08/23

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	$0.0971	$0.00	$0.00	$0.00	$28.49
06/12/23	06/12/23	06/13/23	$0.0977	$0.00	$0.00	$0.00	$30.13
09/11/23	09/11/23	09/12/23	$0.0972	$0.00	$0.00	$0.00	$30.35
		2023 Year-to-Date:	Dividends Subtotal: $0.292		Cap Gains Subtotal: $0.00
			Total Distributions: $0.292

Rate	As of Date
0.00000000	09/12/2023
0.00000000	09/13/2023
0.00000000	09/14/2023
0.00000000	09/15/2023
0.00000000	09/18/2023
0.00000000	09/19/2023
0.00000000	09/20/2023
0.00000000	09/21/2023
0.00000000	09/22/2023
0.00000000	09/25/2023
0.00000000	09/26/2023
0.00000000	09/27/2023
0.00000000	09/28/2023
0.00000000	09/29/2023
0.00000000	10/02/2023
0.00000000	10/03/2023
0.00000000	10/04/2023
0.00000000	10/05/2023
0.00000000	10/06/2023
0.00000000	10/09/2023
0.00000000	10/10/2023
0.00000000	10/11/2023
0.00000000	10/12/2023
0.00000000	10/13/2023
0.00000000	10/16/2023
0.00000000	10/17/2023
0.00000000	10/18/2023
0.00000000	10/19/2023
0.00000000	10/20/2023
0.00000000	10/23/2023
0.00000000	10/24/2023
0.00000000	10/25/2023
0.00000000	10/26/2023
0.00000000	10/27/2023
0.00000000	10/30/2023
0.00000000	10/31/2023
0.00000000	11/01/2023
0.00000000	11/02/2023
0.00000000	11/03/2023
0.00000000	11/06/2023
0.00000000	11/07/2023
0.00000000	11/08/2023
0.00000000	11/09/2023
0.00000000	11/10/2023
0.00000000	11/13/2023
0.00000000	11/14/2023
0.00000000	11/15/2023
0.00000000	11/16/2023
0.00000000	11/17/2023
0.00000000	11/20/2023
0.00000000	11/21/2023
0.00000000	11/22/2023
0.00000000	11/24/2023
0.00000000	11/27/2023
0.00000000	11/28/2023
0.00000000	11/29/2023
0.00000000	11/30/2023
0.00000000	12/01/2023
0.00000000	12/04/2023
0.00000000	12/05/2023
0.00000000	12/06/2023
0.00000000	12/07/2023
0.00000000	12/08/2023

FIND HISTORICAL DISTRIBUTIONS

Rate		As of-Date
0.00000000		09/12/2023
0.00000000		09/13/2023
0.00000000		09/14/2023
0.00000000		09/15/2023
0.00000000		09/18/2023
0.00000000		09/19/2023
0.00000000		09/20/2023
0.00000000		09/21/2023
0.00000000		09/22/2023
0.00000000		09/25/2023
0.00000000		09/26/2023
0.00000000		09/27/2023
0.00000000		09/28/2023
0.00000000		09/29/2023
0.00000000		10/02/2023
0.00000000		10/03/2023
0.00000000		10/04/2023
0.00000000		10/05/2023
0.00000000		10/06/2023
0.00000000		10/09/2023
0.00000000		10/10/2023
0.00000000		10/11/2023
0.00000000		10/12/2023
0.00000000		10/13/2023
0.00000000		10/16/2023
0.00000000		10/17/2023
0.00000000		10/18/2023
0.00000000		10/19/2023
0.00000000		10/20/2023
0.00000000		10/23/2023
0.00000000		10/24/2023
0.00000000		10/25/2023
0.00000000		10/26/2023
0.00000000		10/27/2023
0.00000000		10/30/2023
0.00000000		10/31/2023
0.00000000		11/01/2023
0.00000000		11/02/2023
0.00000000		11/03/2023
0.00000000		11/06/2023
0.00000000		11/07/2023
0.00000000		11/08/2023
0.00000000		11/09/2023
0.00000000		11/10/2023
0.00000000		11/13/2023
0.00000000		11/14/2023
0.00000000		11/15/2023
0.00000000		11/16/2023
0.00000000		11/17/2023
0.00000000		11/20/2023
0.00000000		11/21/2023
0.00000000		11/22/2023
0.00000000		11/24/2023
0.00000000		11/27/2023
0.00000000		11/28/2023
0.00000000		11/29/2023
0.00000000		11/30/2023
0.00000000		12/01/2023
0.00000000		12/04/2023
0.00000000		12/05/2023
0.00000000		12/06/2023
0.00000000		12/07/2023
0.00000000		12/08/2023

Fees & Expenses

Internal Prompt

Fees


Annual Management Fees	0.21%
Other Expenses	0.16%
Service 12b-1	0.23%

As of each fund's most recent prospectus.

Internal Prompt

Expense Ratio

CLBAX	0.60%
Lipper Balanced Funds Average	1.05%

Fund as of most recent prospectus. Lipper Category as of 9/30/23 (updated quarterly).

Resources

Prospectuses & Reports for CLBAX

Quarterly Fund Fact Sheet (PDF) 10/23
Single Sheet (PDF) 05/23
Summary Prospectus (PDF) 03/23
Prospectus (PDF) 03/23
Statement of additional information (PDF) 03/23
Semi-Annual Report (PDF) 08/23
Annual Report (PDF) 02/23

About Our Funds

Share Class Pricing Details
Stats Update (PDF)
Resource Guide (PDF)
3Q-2023 Quarterly Statistical Update (PDF)

ACCOUNT INFORMATION

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LIFE MOMENTS

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MANAGING YOUR ACCOUNT

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CAPITAL IDEAS

Investment Fund

American Balanced Fund ® (CLBAX)

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 11/30/23

Quarter-End Returns as of 9/30/23

Month-End Returns as of 11/30/23

Quarter-End Returns as of 9/30/23

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 as of 12/08/23

Historical Distributions as of 12/08/23

Fees & Expenses

Fees

Expense Ratio

Resources

Prospectuses & Reports for CLBAX

About Our Funds

Morningstar Ownership Zone^TM

Morningstar Style Box^TM— Fixed-Income

Morningstar Rating ^TM