Fund Details

Notice: Effective January 1, 2021, the fund's primary benchmark is 60%/40% MSCI All Country World Index/Bloomberg Barclays Global Aggregate Index.

Summary

Internal Prompt

A balanced approach to global growth-and-income investing. This globally diversified balanced strategy has the ability to invest between 45% and 75% in equities, with an emphasis on well-established companies. The diversified and predominantly high-quality bond portfolio has provided income and reduced volatility.

Price at NAV $33.54 as of 5/20/2022 (updated daily)

Fund Assets (millions) $24,073.0

Portfolio Managers

Expense Ratio

0.83%

Prospectus (PDF)

Internal Prompt

Returns at NAV
Returns with Sales Charge

Returns at NAV

Returns with Sales Charge

Read important investment disclosures

-12.55%

1-year return

3.64%

5-year return

5.16%

10-year return

1.53%

30-Day SEC Yield

Returns as of 4/30/22 (updated monthly). Yield as of 4/30/22 (updated monthly).

Asset Mix

	U.S. Equities31.4%		Non-U.S. Equities28.0%
	U.S. Bonds17.2%		Non-U.S. Bonds16.8%
	Cash & Equivalents 6.6%

	U.S. Equities31.4%
	Non-U.S. Equities28.0%
	U.S. Bonds17.2%
	Non-U.S. Bonds16.8%
	Cash & Equivalents 6.6%

As of 4/30/2022 (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 12/31/2021.

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GBLAX

60%/40% MSCI All Country World Index/Bloomberg Global Aggregate Index

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High & Low Prices

Market Capitalization

90.2%

Large

9.8%

Medium

0.1%

Small

$99,696.36 Million

Weighted Average

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

Morningstar Ownership Zone^TM

Global Allocation

Weighted average of holdings

75% of fund's stock holdings

Morningstar data as of 3/31/22 (updated quarterly)

INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

Fund Statistics

7.4 years

Effective Duration

2.8%

Average Yield
to Worst

2.1%

Average Coupon

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

Morningstar Style Box^TM— Fixed-Income

High Quality

Moderate Interest-Rate Sensitivity

Morningstar data as } of 3/31/22 (updated quarterly)

Description

Fund 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 strategy 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 consistent dividends and those with attractive growth prospects. The diversified and predominantly high-quality bond portfolio has provided income and reduced volatility and better downside resilience versus the MSCI ACWI.

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 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 U.S., including in emerging market countries. Bonds issued outside the U.S. are typically denominated in currencies other than U.S. dollars.

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 4/30/2022	$24,073.0
Companies/Issuers Holdings are as of 3/31/2022 (updated quarterly).	300+
Shareholder Accounts Shareholder accounts are as of 4/30/2022	207,546
Regular Dividends Paid	Mar, Jun, Sep, Dec

Minimum Initial Investment	$250
Capital Gains Paid	Dec
Portfolio Turnover (2021)	69%
Fiscal Year-End	Oct
Prospectus Date	01/01/2022
CUSIP	02629W 10 6
Fund Number	37

Returns LEARN ABOUT THE SYSTEM BEHIND OUR RESULTS

Internal Prompt

Month-End Returns as of 4/30/22
Quarter-End Returns as of 3/31/22

ANNUAL RETURNS CHART

Month-End Returns as of 4/30/22

Returns at NAV

| With Sales Charge

Read important investment disclosures

GBLAX

60%/40% MSCI All Country World Index/Bloomberg Global Aggregate Index

ANNUAL RETURNS CHART

Quarter-End Returns as of 3/31/22

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

GBLAX

60%/40% MSCI All Country World Index/Bloomberg Global 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	1.82%	N/A
Fund at MOP	1.72%	1.53%

As of 4/30/2022 (updated monthly)

Valuation

	Price/	Price/	Price/
	Book	Cash Flow	Earnings
Fund	2.66	8.23	16.12
60%/40% MSCI All Country World Index/Bloomberg Global Aggregate Index	2.50	10.10	16.50

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

Alfonso Barroso 27 27 9

Andrew A. Cormack 18 3 3

Bradford F. Freer 29 28 2

Thomas H. Høgh 35 31 4

Winnie Kwan 25 22 9

Alfonso Barroso	9	27
Andrew A. Cormack	3	3	18
Bradford F. Freer	2	28	29
Thomas H. Høgh	4	31	35
Winnie Kwan	9	22	25

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(398)
3-yr. Morningstar Rating^TM (398 funds rated)
5-yr. Morningstar Rating^TM (353 funds rated)
10-yr. Morningstar Rating^TM (248 funds rated)
Overall Morningstar Risk	Below Average HIGH LOW
Category	Global Allocation

ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS

Ratings are based on risk-adjusted returns as of 4/30/2022 (updated monthly).

Risk Measures

		Fund
Standard Deviation		8.76
Sharpe Ratio		0.61
For the 10 Years ending 4/30/22 (updated monthly).
American Funds Benchmark		Morningstar Benchmark
60%/40% MSCI All Country World Index/Bloomberg Global Aggregate Index		Morningstar Mod Tgt Risk TR USD
R-squared	94	93
Beta	0.95	1.01
Capture Ratio (Downside/Upside)	94/97	105/97
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).

Quality Summary

Read important investment disclosures

U.S. Treasuries/Agencies

36.0%

AAA/Aaa

17.0%

AA/Aa

8.0%

20.3%

BBB/Baa

12.9%

BB/Ba

2.8%

0.3%

CCC & Below

0.4%

Unrated

2.3%

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

Average Life Breakdown

0-4.9 Years

14.0%

5-9.9 Years

12.1%

10-19.9 Years

3.7%

20-29.9 Years

3.5%

30+ Years

0.0%

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

Holdings

Equities Breakdown
Bonds Breakdown

Equities Breakdown

Sectors | Top Industries

Equity Fund Holdings

	Financials 10.8%
	Information technology 9.0%
	Industrials 7.2%
	Health care 7.0%
	Consumer staples 4.8%
	Communication services 4.7%
	Utilities 4.5%
	Materials 4.0%
	Energy 3.4%
	Consumer discretionary 2.6%
	Real estate 2.2%

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

Bonds Breakdown

Total bond holdings

Non-U.S. government/agency securities 14.4%

U.S. government & government agency bonds & notes 12.0%

Corporate bonds, notes & loans + 4.7%

Financials	1.3%
Energy	0.6%
Telecommunication services	0.6%
Utilities	0.6%
Consumer discretionary	0.4%
Industrials	0.3%
Information technology	0.3%
Consumer staples	0.2%
Health Care	0.2%
Materials	0.1%
Other corporate bonds, notes & loans	0.1%

Mortgage-backed obligations + 2.2%

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

Broadcom

2.4%

Microsoft

2.4%

Abbott Laboratories

2.2%

Raytheon Technologies

1.7%

Canadian Natural Resources

1.7%

1.5%

Alphabet

1.4%

DTE Energy

1.2%

Comcast

1.1%

Zurich

1.0%

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

QUARTERLY HOLDINGS

Geographic Breakdown

Regions | Top Countries

United States

49.1%

Europe

22.7%

Asia & Pacific Basin

13.4%

Other (Including Canada & Latin America)

8.3%

Cash & equivalents

6.5%

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

The New Geography of Investing ®

Equity Portion Breakdown by Domicile | Equity Portion Breakdown by Revenue

Regions	Fund	60%/40% MSCI All Country World Index/Bloomberg Global Aggregate Index
United States	54.3%	61.4%
Canada	4.7%	3.2%
Europe	25.8%	15.9%
Japan	1.2%	5.4%
Asia-Pacific ex. Japan	2.3%	3.1%
Emerging Markets	11.6%	11.0%

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

Regions	Fund	60%/40% MSCI All Country World Index/Bloomberg Global Aggregate Index
United States	32.7%	61.4%
Canada	2.8%	3.2%
Europe	15.5%	15.9%
Japan	0.7%	5.4%
Asia-Pacific ex. Japan	1.4%	3.1%
Emerging Markets	7.0%	11.0%
Cash & Equivalents	6.5%	0.0%
Fixed Income	33.3%	0.0%

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

Prices & Distributions

Internal Prompt

Historical Prices Month-End
Historical Prices Year-End

FIND HISTORICAL PRICES

Historical Prices Month-End

2022

FIND HISTORICAL PRICES

Historical Prices Year-End

Internal Prompt

Historical Distributions
as of 05/20/22

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
03/25/22	03/25/22	03/28/22	$0.13	$0.00	$0.00	$0.00	$36.11
		2022 Year-to-Date:	Dividends Subtotal: $0.13		Cap Gains Subtotal: $0.00
			Total Distributions: $0.13

Rate	As of Date
0.00000000	03/28/2022
0.00000000	03/29/2022
0.00000000	03/30/2022
0.00000000	03/31/2022
0.00000000	04/01/2022
0.00000000	04/04/2022
0.00000000	04/05/2022
0.00000000	04/06/2022
0.00000000	04/07/2022
0.00000000	04/08/2022
0.00000000	04/11/2022
0.00000000	04/12/2022
0.00000000	04/13/2022
0.00000000	04/14/2022
0.00000000	04/18/2022
0.00000000	04/19/2022
0.00000000	04/20/2022
0.00000000	04/21/2022
0.00000000	04/22/2022
0.00000000	04/25/2022
0.00000000	04/26/2022
0.00000000	04/27/2022
0.00000000	04/28/2022
0.00000000	04/29/2022
0.00000000	05/02/2022
0.00000000	05/03/2022
0.00000000	05/04/2022
0.00000000	05/05/2022
0.00000000	05/06/2022
0.00000000	05/09/2022
0.00000000	05/10/2022
0.00000000	05/11/2022
0.00000000	05/12/2022
0.00000000	05/13/2022
0.00000000	05/16/2022
0.00000000	05/17/2022
0.00000000	05/18/2022
0.00000000	05/19/2022
0.00000000	05/20/2022

FIND HISTORICAL DISTRIBUTIONS

Rate		As of-Date
0.00000000		03/28/2022
0.00000000		03/29/2022
0.00000000		03/30/2022
0.00000000		03/31/2022
0.00000000		04/01/2022
0.00000000		04/04/2022
0.00000000		04/05/2022
0.00000000		04/06/2022
0.00000000		04/07/2022
0.00000000		04/08/2022
0.00000000		04/11/2022
0.00000000		04/12/2022
0.00000000		04/13/2022
0.00000000		04/14/2022
0.00000000		04/18/2022
0.00000000		04/19/2022
0.00000000		04/20/2022
0.00000000		04/21/2022
0.00000000		04/22/2022
0.00000000		04/25/2022
0.00000000		04/26/2022
0.00000000		04/27/2022
0.00000000		04/28/2022
0.00000000		04/29/2022
0.00000000		05/02/2022
0.00000000		05/03/2022
0.00000000		05/04/2022
0.00000000		05/05/2022
0.00000000		05/06/2022
0.00000000		05/09/2022
0.00000000		05/10/2022
0.00000000		05/11/2022
0.00000000		05/12/2022
0.00000000		05/13/2022
0.00000000		05/16/2022
0.00000000		05/17/2022
0.00000000		05/18/2022
0.00000000		05/19/2022
0.00000000		05/20/2022

Fees & Expenses

Internal Prompt

Fees


Annual Management Fees	0.44%
Other Expenses	0.12%
Service 12b-1	0.27%

As of each fund's most recent prospectus.

Internal Prompt

Expense Ratio

GBLAX	0.83%
Lipper Flexible Portfolio Funds Average	1.14%

Fund as of most recent prospectus. Lipper Category as of 3/31/22 (updated quarterly).

Resources

Prospectuses & Reports for GBLAX

Fund Commentary (PDF) 05/22
Single Sheet (PDF) 01/22
Summary Prospectus (PDF) 01/22
Prospectus (PDF) 01/22
Statement of additional information (PDF) 01/22
Semi-Annual Report (PDF) 06/21
Annual Report (PDF) 12/21

About Our Funds

Share Class Pricing Details
Stats Update (PDF)

ACCOUNT INFORMATION

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BALANCED FUNDS

American Funds Global Balanced Fund SM (GBLAX)

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 4/30/22

Quarter-End Returns as of 3/31/22

Month-End Returns as of 4/30/22

Quarter-End Returns as of 3/31/22

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 05/20/22

Fees & Expenses

Fees

Expense Ratio

Resources

Prospectuses & Reports for GBLAX

About Our Funds

American Funds Global Balanced Fund ^SM (GBLAX)

Morningstar Ownership Zone^TM

Morningstar Style Box^TM— Fixed-Income

Morningstar Rating ^TM