American Balanced Fund - A | American Funds (2024)

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 $32.61 as of 2/20/2024 (updated daily)

Fund Assets (millions) $212,137.8

Portfolio Managers 12

Expense Ratio
(Gross/Net %) 0.57 / 0.57%

Prospectus (PDF)

Internal Prompt

Returns at NAV
Returns with Sales Charge

Returns at NAV

Returns with Sales Charge

Read important investment disclosures

4.01%

1-year return

6.79%

5-year return

7.25%

10-year return

2.22%

30-Day SEC Yield

Returns as of 1/31/24 (updated monthly). Yield as of 1/31/24 (updated monthly).

Asset Mix

	U.S. Equities56.0%		Non-U.S. Equities7.0%
	U.S. Bonds28.5%		Non-U.S. Bonds3.4%
	Cash & Equivalents 5.1%

	U.S. Equities56.0%
	Non-U.S. Equities7.0%
	U.S. Bonds28.5%
	Non-U.S. Bonds3.4%
	Cash & Equivalents 5.1%

As of 1/31/2024(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, over the last 20 years, or since inception date if the fund has been in existence under 20 years, through 12/31/2023.

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ABALX

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

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High & Low Prices

Market Capitalization

83.3%

Large

15.5%

Medium

1.2%

Small

$180,388.88 Million

Weighted Average

As of12/31/2023 (updated quarterly). Morningstar data as of12/31/2023 (updated quarterly).

Morningstar Ownership Zone^TM

Moderate Allocation

Weighted average of holdings

75% of fund's stock holdings

Morningstar data as of 12/31/23 (updated quarterly)

INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

Fund Statistics

6.1 years

Effective Duration

4.5%

Average Yield
to Worst

3.8%

Average Coupon

% of net assets as of 1/31/2024 (updated monthly)

Morningstar Style Box^TM— Fixed-Income

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.

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 1/31/2024	$212,137.8
Companies/Issuers Holdings are as of 1/31/2024 (updated monthly).	895+
Shareholder Accounts Shareholder accounts are as of 1/31/2024	2,614,542
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	03/01/2023
CUSIP	024071 10 2
Fund Number	11

Internal Prompt

Month-End Returns as of 1/31/24
Quarter-End Returns as of 12/31/23

ANNUAL RETURNS CHART

Month-End Returns as of 1/31/24

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 12/31/23

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 01/31/2024 (updated monthly) . Annualized return as of 01/31/2024 (updated monthly).

VIEW LARGER CHART

Internal Prompt

Yield

	12-month
	Distribution Rates	30-day SEC Yield
Fund at NAV	2.34%	N/A
Fund at MOP	2.21%	2.22%

As of 1/31/2024 (updated monthly)

Valuation

	Price/	Price/	Price/
	Book	Cash Flow	Earnings
Fund	3.58	12.20	17.68
60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index	3.80	13.90	19.90

Fund as of 12/31/23. Index as of 12/31/23.

Portfolio Management

Years of Experience with Fund

Years of Experience with Capital Group

Years of Experience with Investment Industry

Hilda L. Applbaum362824

Pramod Atluri2575

Paul Benjamin18189

Alan N. Berro373217

Mark L. Casey23233

Jeffrey T. Lager282612

Jin Lee27265

Anne-Marie Peterson29187

Chitrang Purani1911

John R. Queen33217

Ritchie Tuazon23123

Alan J. Wilson38327

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(703)
3-yr. Morningstar Rating^TM (703 funds rated)
5-yr. Morningstar Rating^TM (662 funds rated)
10-yr. Morningstar Rating^TM (494 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 1/31/2024 (updated monthly).

Risk Measures

		Fund
Standard Deviation		9.62
Sharpe Ratio		0.70
For the 10 Years ending 1/31/24 (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	96	95
Beta	0.95	0.95
Capture Ratio (Downside/Upside)	99/97	91/106
American Funds Benchmark for the 10 Years ending 1/31/24 (updated monthly). Morningstar Benchmark for the 10 Years ending 1/31/24 (updated monthly).

Quality Summary

Read important investment disclosures

U.S. Treasuries/Agencies

18.2%

AAA/Aaa

43.3%

AA/Aa

5.4%

17.9%

BBB/Baa

14.2%

BB/Ba

0.0%

Unrated

0.9%

% of net assets as of 1/31/2024 (updated monthly)

Average Life Breakdown

0-4.9 Years

13.3%

5-9.9 Years

13.2%

10-19.9 Years

3.3%

20-29.9 Years

2.3%

30+ Years

0.1%

% of net assets as of 12/31/2023 (updated monthly)

Equities Breakdown
Bonds Breakdown

Equities Breakdown

Sectors | Top Industries

Equity Fund Holdings

	Information technology 14.8%
	Health care 9.4%
	Financials 7.4%
	Industrials 6.7%
	Communication services 5.9%
	Consumer staples 5.5%
	Consumer discretionary 4.8%
	Energy 3.8%
	Materials 2.1%
	Utilities 1.5%
	Real estate 1.1%

%of net assets as of 1/31/2024(updated monthly)

Bonds Breakdown

Top Equities

Microsoft

4.7%

Broadcom

4.6%

UnitedHealth Group

2.0%

Alphabet

2.0%

Philip Morris International

1.7%

Home Depot

1.4%

Meta Platforms

1.4%

Eli Lilly

1.4%

TSMC

1.2%

JPMorgan Chase

1.2%

% of net assets as of 1/31/2024 (updated monthly)

QUARTERLY HOLDINGS

Geographic Breakdown

Regions

United States

84.4%

Europe

4.8%

Asia & Pacific Basin

2.3%

Other (Including Canada & Latin America)

3.4%

Cash & equivalents

5.1%

% of net assets as of 1/31/2024 (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	88.8%	--
Canada	3.9%	--
Europe	4.2%	--
Japan	0.2%	--
Emerging Markets	2.8%	--

% of net assets as of 1/31/2024(updated monthly)

Fund Breakdown by Domicile

Regions	Fund	60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index
United States	56.1%	--
Canada	2.5%	--
Europe	2.7%	--
Japan	0.1%	--
Emerging Markets	1.8%	--
Cash & Equivalents	4.8%	--
Fixed Income	32.0%	--

% of net assets as of 1/31/2024 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End
Historical Prices Year-End

FIND HISTORICAL PRICES

Historical Prices Month-End

2024

FIND HISTORICAL PRICES

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 01/25/24

Historical Distributions as of 01/25/24

FIND HISTORICAL DISTRIBUTIONS

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
06/12/23	06/12/23	06/13/23	$0.10	$0.00	$0.00	$0.00	$30.19
09/11/23	09/11/23	09/12/23	$0.10	$0.00	$0.00	$0.00	$30.41
12/12/23	12/12/23	12/13/23	$0.10	$0.355	$0.00	$0.00	$31.03
		2023 Year-to-Date:	Dividends Subtotal: $0.755		Cap Gains Subtotal: $0.00
			Total Distributions: $0.755

Daily Dividend Accrual
for Pay Date

Rate	As of Date
0.00000000	12/13/2023
0.00000000	12/14/2023
0.00000000	12/15/2023
0.00000000	12/18/2023
0.00000000	12/19/2023
0.00000000	12/20/2023
0.00000000	12/21/2023
0.00000000	12/22/2023
0.00000000	12/26/2023
0.00000000	12/27/2023
0.00000000	12/28/2023
0.00000000	12/29/2023
0.00000000	01/02/2024
0.00000000	01/03/2024
0.00000000	01/04/2024
0.00000000	01/05/2024
0.00000000	01/08/2024
0.00000000	01/09/2024
0.00000000	01/10/2024
0.00000000	01/11/2024
0.00000000	01/12/2024
0.00000000	01/16/2024
0.00000000	01/17/2024
0.00000000	01/18/2024
0.00000000	01/19/2024
0.00000000	01/22/2024
0.00000000	01/23/2024
0.00000000	01/24/2024
0.00000000	01/25/2024
0.00000000	01/26/2024
0.00000000	01/29/2024
0.00000000	01/30/2024
0.00000000	01/31/2024
0.00000000	02/01/2024
0.00000000	02/02/2024
0.00000000	02/05/2024
0.00000000	02/06/2024
0.00000000	02/07/2024
0.00000000	02/08/2024
0.00000000	02/09/2024
0.00000000	02/12/2024
0.00000000	02/13/2024
0.00000000	02/14/2024
0.00000000	02/15/2024
0.00000000	02/16/2024
0.00000000	02/20/2024

FIND HISTORICAL DISTRIBUTIONS

Current Daily
Dividend Accrual

Rate		As of-Date
0.00000000		12/13/2023
0.00000000		12/14/2023
0.00000000		12/15/2023
0.00000000		12/18/2023
0.00000000		12/19/2023
0.00000000		12/20/2023
0.00000000		12/21/2023
0.00000000		12/22/2023
0.00000000		12/26/2023
0.00000000		12/27/2023
0.00000000		12/28/2023
0.00000000		12/29/2023
0.00000000		01/02/2024
0.00000000		01/03/2024
0.00000000		01/04/2024
0.00000000		01/05/2024
0.00000000		01/08/2024
0.00000000		01/09/2024
0.00000000		01/10/2024
0.00000000		01/11/2024
0.00000000		01/12/2024
0.00000000		01/16/2024
0.00000000		01/17/2024
0.00000000		01/18/2024
0.00000000		01/19/2024
0.00000000		01/22/2024
0.00000000		01/23/2024
0.00000000		01/24/2024
0.00000000		01/25/2024
0.00000000		01/26/2024
0.00000000		01/29/2024
0.00000000		01/30/2024
0.00000000		01/31/2024
0.00000000		02/01/2024
0.00000000		02/02/2024
0.00000000		02/05/2024
0.00000000		02/06/2024
0.00000000		02/07/2024
0.00000000		02/08/2024
0.00000000		02/09/2024
0.00000000		02/12/2024
0.00000000		02/13/2024
0.00000000		02/14/2024
0.00000000		02/15/2024
0.00000000		02/16/2024
0.00000000		02/20/2024

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 BalancedFunds Average	1.05%

Fund as of most recent prospectus. Lipper Category as of 12/31/23 (updated quarterly).

Resources

Prospectuses & Reports for ABALX

Quarterly Fund Fact Sheet (PDF) 01/24
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)
4Q-2023 Quarterly Statistical Update (PDF)

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American Balanced Fund - A | American Funds (2024)

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

Month-End Returns as of 1/31/24

Quarter-End Returns as of 12/31/23

Month-End Returns as of 1/31/24

Quarter-End Returns as of 12/31/23

Volatility & Return

Yield

Valuation

Portfolio Management

Ratings & Risk

Morningstar Rating TM

Risk Measures

Quality Summary

Average Life Breakdown

Equities Breakdown

Bonds Breakdown

Equities Breakdown

Bonds Breakdown

Top Equities

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 01/25/24

Historical Distributions as of 01/25/24

Fees

Expense Ratio

Resources

Prospectuses & Reports for ABALX

About Our Funds

FAQs

Is American Funds American Balanced Fund a good investment? ›

Why should I invest in American funds? ›

Morningstar Ownership Zone^TM

Morningstar Style Box^TM— Fixed-Income

Morningstar Rating ^TM