American Balanced FundŽ
Balanced
Overview
American Balanced Fund may be appropriate for:
- Investors who want the income of bonds and the growth opportunities of stocks
- Income-oriented investors looking for a conservative entry into the stock market
- Investors who want to simplify their portfolio
Objective
The investment objectives of the fund are: (1) conservation of capital, (2) current income and (3) long-term growth of capital and income.
Manager
The fund is managed by Capital Research and Management Company, one of the nation’s oldest, largest investment management firms. Since 1931, Capital Research has invested with a long-term focus based on thorough research and attention to risk.
Fund information
- Began operations: 7/26/75
- Expense ratio:* 0.57%
- Investment expenses paid annually:† $5.70 for a $1,000 balance
- Ticker symbol: ABALX
*Fund expenses are as of each fund’s prospectus. Please see the fund’s most recent prospectus for details.
†You can estimate the investment expenses you’re paying annually by multiplying your balance in the fund by the expense ratio.
Top 10 holdings
(Percentage of net assets shown are for the most recent period available as of 6/30/24; holdings are subject to change)
- Broadcom 4.7%
- Microsoft 4.2%
- Alphabet 2.8%
- Meta Platforms 2.1%
- TSMC 2.0%
- UnitedHealth Group 1.9%
- Philip Morris International 1.6%
- Eli Lilly 1.5%
- Apple 1.3%
- JPMorgan Chase 1.2%
Where the fund was invested
(as of 6/30/24; percentage of net assets; holdings are subject to change)
*Cash and equivalents includes short-term securities, accrued income and other assets less liabilities. It may also include investments in money market or similar funds managed by the investment adviser or its affiliates that are not offered to the public.
Past results
The bar graph below shows the fund’s annual results and illustrates the fund’s fluctuations over the past 10 years. (The percentages are shown at net asset value, updated annually as of 12/31. If the results reflected deduction of the maximum sales charge of 5.75%, they would have been lower.)
Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown here. For more current information and month-end results, click here. Share price and return will vary, so you may lose money. Investing for short periods makes losses more likely.
Average annual total returns through 6/30/24
| Latest10 years | Latest5 years | Latest3 years | Latestyear | |
|---|---|---|---|---|
| At net asset value | 7.94% | 8.48% | 4.86% | 16.03% |
| At maximum offering price (Class A shares, with 5.75% maximum sales charge) |
7.30% | 7.20% | 2.82% | 9.37% |
Investment results reflect the deduction of applicable fees and expenses and the reinvestment of all distributions. When applicable, investment results reflect fee waivers and/or expense reimbursements, without which results would have been lower. Read details about how waivers and/or reimbursements affect the results for each fund.
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