Investment Fund

Share Class
Purchase Restrictions: Class R-1 shares are available in certain employer-sponsored retirement plans. See the prospectus for details.

Summary

Internal Prompt
Balances growth and income. Offers exposure to a mix of global stocks and bonds that can temper the impact of volatility while seeking capital appreciation and income opportunities.
Price at NAV $18.43 as of 3/03/2025 (updated daily)
Fund Assets (millions) $14,684.3
Portfolio Solutions Committee Members
7
Expense Ratio
(Gross/Net %)
1.40 / 1.40%
Prospectus

Asset Mix

U.S. Equities50.3%
Non-U.S. Equities17.1%
U.S. Bonds23.3%
Non-U.S. Bonds5.6%
Cash & Equivalents
3.7%
As of 1/31/2025 (updated monthly)

Fund Statistics

6.2 years
Effective Duration
5.5%
Average Yield
to Worst
4.4%
Average Coupon
% of net assets as of 1/31/2025 (updated monthly)

Growth of 10K

Read important investment disclosures

High & Low Prices

Internal Prompt

Returns at NAV

Returns with Sales Charge

Description

Fund Objective
The fund's investment objectives are to provide current income and long-term growth of capital and income.
Distinguishing Characteristics
Pursues its investment objectives by investing in a mix of American Funds in different combinations and weightings.
Types of Investments
The underlying American Funds may represent a variety of fund categories such as growth funds, growth-and-income funds, equity-income funds, balanced funds and bond funds.
Portfolio Restrictions
Will invest at least 45% of its assets in common stocks and other equity investments, and through its investments in the underlying funds, will invest at least 25% of the value of its assets in bonds and other debt securities (including money market instruments).

Fund Facts

Fund Inception 5/18/2012
Fund Assets (millions)
As of 1/31/2025
 $14,684.3
Companies/Issuers
Holdings are as of 1/31/2025 (updated monthly).
 3209+
Shareholder Accounts
Shareholder accounts are as of 1/31/2025
 150
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $0
Capital Gains Paid
Dec
Portfolio Turnover (2024) 4%
Fiscal Year-End Oct
Prospectus Date 01/01/2025
CUSIP 02630Y 15 8
Fund Number 2150

Returns

Internal Prompt

Month-End Returns as of 1/31/25

Returns at NAV
| With Sales Charge
Read important investment disclosures
RBAAX
S&P 500 Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 12/31/24

Internal Prompt

Volatility & Return

Read important investment disclosures

Equities

For Class R-1 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
RBAAX
S&P 500 Index
Other AF Funds
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Prices and returns will vary, so investors may lose money. View .

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund , which can be obtained from a financial professional and should be read carefully before investing.

The return of principal for bond portfolios and for portfolios with significant underlying bond holdings is not guaranteed. Investments are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings.

Lower rated bonds are subject to greater fluctuations in value and risk of loss of income and principal than higher rated bonds.

Investing outside the United States involves risks, such as currency fluctuations, periods of illiquidity and price volatility. These risks may be heightened in connection with investments in developing countries.

Smaller company stocks entail additional risks, and they can fluctuate in price more than larger company stocks.

There have been periods when the results lagged the index(es) and/or average(s). The indexes are unmanaged and, therefore, have no expenses. Investors cannot invest directly in an index.

Source: Bloomberg Index Services Limited. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). Bloomberg or Bloomberg's licensors own all proprietary rights in the Bloomberg Indices. Neither Bloomberg nor Bloomberg's licensors approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.

Each S&P Index ("Index") shown is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Capital Group. Copyright © 2025 S&P Dow Jones Indices LLC, a division of S&P Global, and/or its affiliates. All rights reserved. Redistribution or reproduction in whole or in part is prohibited without written permission of S&P Dow Jones Indices LLC.

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

Investment results assume all distributions are reinvested and reflect applicable fees and expenses.

  1. Calculated by Morningstar. Due to differing calculation methods, the figures shown here may differ from those calculated by Capital Group.

Capital Client Group, Inc.

Use of this website is intended for U.S. residents only.

This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.

© 2025 Morningstar, Inc. All Rights Reserved. Some of the information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar, its content providers nor Capital Group are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Information is calculated by Morningstar. Due to differing calculation methods, the figures shown here may differ from those calculated by Capital Group.

Terms and Definitions

60%|40% S&P 500 Index|Bloomberg U.S. Aggregate Index: 60%|40% S&P 500 Index|Bloomberg U.S. Aggregate Index blends the S&P 500 with the Bloomberg U.S. Aggregate Index by weighting their cumulative total returns at 60% and 40%, respectively. The blend is rebalanced monthly. S&P 500 Index is a market- capitalization-weighted index based on the results of approximately 500 widely held common stocks. Bloomberg U.S. Aggregate Index represents the U.S. investment-grade fixed-rate bond market. The indexes are unmanaged, and results include reinvested distributions but do not reflect the effect of sales charges, commissions, account fees, expenses or U.S. federal income taxes.

Standard Deviation: Annualized standard deviation (based on monthly returns) is a common measure of absolute volatility that tells how returns over time have varied from the mean. A lower number signifies lower volatility.

Standard Deviation as of 01/31/2025 (updated monthly) . Annualized return as of 01/31/2025 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 1.41% 1.16%
Fund at MOP N/A N/A
As of 1/31/2025 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 3.15 11.74 17.59
S&P 500 Index
4.30 15.70 21.80
Fund as of 12/31/24. Index as of 12/31/24.

Portfolio Solutions Committee

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Michelle J. Black 5 23 30
Brittain Ezzes 1 3 27
Samir Mathur 5 12 32
Damien J. McCann 13 25
Wesley K. Phoa 12 26 32
John R. Queen 5 23 35
Andrew B. Suzman 12 31
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(684)
3-yr. Morningstar RatingTM
(684 funds rated)
5-yr. Morningstar RatingTM
(640 funds rated)
10-yr. Morningstar RatingTM
(489 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 1/31/2025 (updated monthly).

Risk Measures

Fund
Standard Deviation
10.17
Sharpe Ratio
0.51
For the 10 Years ending 1/31/25 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
S&P 500 Index
Morningstar Mod Tgt Risk TR USD
R-squared
92 98
Beta
0.63 1.00
Capture Ratio (Downside/Upside)
70/60 101/102
American Funds Benchmark for the 10 Years ending 12/31/24 (updated monthly).
Morningstar Benchmark for the 10 Years ending 1/31/25 (updated monthly).
U.S. Treasuries/Agencies
4.5%
AAA/Aaa
9.1%
AA/Aa
1.7%
A
4.6%
BBB/Baa
4.5%
BB/Ba
2.3%
B
1.2%
CCC & Below
0.3%
Unrated
0.7%
Cash & equivalents
3.8%
% of net assets as of 1/31/2025 (updated monthly)

Average Life Breakdown

0-4.9 Years
12.2%
5-9.9 Years
12.7%
10-19.9 Years
2.1%
20-29.9 Years
1.9%
30+ Years
0.2%
% of net assets as of 12/31/2024 (updated monthly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 13.6%
Financials 10.8%
Industrials 8.8%
Health care 8.6%
Consumer discretionary 6.5%
Communication services 5.2%
Consumer staples 5.0%
Energy 2.9%
Materials 2.6%
Utilities 2.2%
Real estate 1.3%

% of net assets as of 1/31/2025 (updated monthly)

Bonds Breakdown

Geographic Breakdown

Regions
United States
73.6%
Europe
11.5%
Asia & Pacific Basin
6.1%
Other (Including Canada & Latin America)
5.0%
Cash & equivalents
3.7%
% of net assets as of 1/31/2025 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

2025

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 01/27/25

FIND HISTORICAL DISTRIBUTIONS
2024
Record
Date		 Calculated
Date		 Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
03/25/24 03/25/24 03/26/24 $0.0236 $0.00 $0.00 $0.00 $17.46
06/25/24 06/25/24 06/26/24 $0.0545 $0.00 $0.00 $0.00 $17.75
09/25/24 09/25/24 09/26/24 $0.0414 $0.00 $0.00 $0.00 $18.63
12/27/24 12/27/24 12/30/24 $0.1459 $0.00 $0.2477 $0.00 $18.12
2024 Year-to-Date: Dividends Subtotal: $0.2654 Cap Gains Subtotal: $0.2477
Total Distributions: $0.5131

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.00%
Other Expenses 0.08%
Acquired (Underlying) Fund Fees and Expenses 0.34%
Service 12b-1 0.98%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

RBAAX 1.40%
Lipper Balanced Funds Average
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).