Important: American Funds Balanced PortfolioSM has been renamed, effective 1/1/18, to American Funds Moderate Growth and Income PortfolioSM
American Funds® Moderate Growth and Income Portfolio
Balanced
Overview
American Funds Moderate Growth and Income Portfolio may be appropriate for:
- Investors seeking a single, broadly diversified fund with exposure to stocks and bonds all over the world.
- Investors who would like to invest in a global mix of stocks and bonds.
- Investors who want a core investment of actively managed funds for their retirement plans.
Objective
The fund's investment objectives are to provide current income and 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: 5/18/12
- Expense ratio:* 0.65%
- Investment expenses paid annually:† $6.50 for a $1,000 balance
- Ticker symbol: BLPAX
*The expense ratios are as of each fund’s prospectus and include the weighted average expenses of the underlying funds. 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.
Underlying funds
(as of 6/30/24; percentage of net assets; holdings are subject to change)
Growth
10.0%
- New Perspective Fund® 5.2%
- SMALLCAP World Fund® 4.8%
Growth-and-income
25.5%
Equity-income/Balanced
50.1%
- American Balanced Fund® 25.3%
- American Funds® Global Balanced Fund 14.9%
- The Income Fund of America® 9.9%
Bond
14.4%
Asset mix
(as of 6/30/24; percentage of net assets of underlying American Funds)
Portfolio summary
(as of 6/30/24; percentage of net assets of underlying American Funds)
Geographic breakdown
(as of 6/30/24; percentage of net assets of underlying American Funds)
*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 | 6.88% | 7.58% | 3.22% | 13.28% |
| At maximum offering price (Class A shares, with 5.75% maximum sales charge) |
6.25% | 6.31% | 1.22% | 6.76% |
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, investment results reflect fee waivers and/or expense reimbursements, without which the results would have been lower. Read details about how waivers and/or reimbursements affect the results for each fund.
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