American Balanced Fund
American Balanced Fund · Series S000008801 · 21 share classes
data updated 2026-08-17
Fund profile
As filed in the prospectus · 2026 Q1
The investment objectives of the fund are: (1) conservation of capital, (2) current income and (3) long-term growth of capital and income.
The fund pursues a balanced strategy, maintaining at least 50% in common stocks—typically dividend-paying and medium to large-cap—and at least 25% in investment-grade debt securities and money market instruments, with flexibility to invest internationally. The investment adviser employs multiple portfolio managers, each overseeing segments of the portfolio, and selects securities it judges to be attractively valued long-term opportunities, selling when that view changes. Because performance depends on the adviser's security selection judgments, results will diverge from broad market benchmarks.
| Share class | Expense ratio |
|---|---|
| ABALX | 0.55% |
| RLBAX | 1.32% |
| RLBBX | 1.33% |
| RLBCX | 0.89% |
| RLBEX | 0.60% |
| RLBFX | 0.30% |
| BALCX | 1.30% |
| BALFX | 0.61% |
| CLBAX | 0.58% |
| CLBCX | 1.35% |
| CLBEX | 0.82% |
| CLBFX | 0.66% |
| AMBFX | 0.35% |
| RLBGX | 0.25% |
| RAMHX | 1.04% |
| RLEFX | 0.39% |
| AFMBX | 0.25% |
| TAFBX | 0.59% |
| TABFX | 0.55% |
| FBAFX | 0.33% |
| FBONX | 0.30% |
Portfolio turnover 106.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q1
| Stocks | 61.38% |
| Bonds | 21.63% |
| Securitized | 10.92% |
| Cash & short-term | 6.77% |
| Derivatives | -0.01% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026
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Mar 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-03-31
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 86.8% |
| Floating rate | 13.2% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 2.5% |
| 1-3y | 14.3% |
| 3-5y | 22.2% |
| 5-10y | 20.2% |
| 10y+ | 40.9% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q1
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying a small fraction as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 80% |
| Credit spreads | 20% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +0.57 yr |
| High yield | -0.01 yr |
Share of duration at each point, shortest first. This filer signs its rate and credit disclosures differently; the direction shown follows its interest-rate filing, and a negative reading is the least-supported figure here.
| 1 yr | 0.35 yr | 15% |
| 5 yr | 0.68 yr | 29% |
| 10 yr | 0.80 yr | 34% |
| 30 yr | 0.50 yr | 21% |
3 mo is NEGATIVE (-0.03 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
| 3 mo | 0.00 yr | 1% |
| 1 yr | 0.10 yr | 18% |
| 5 yr | 0.19 yr | 33% |
| 10 yr | 0.18 yr | 32% |
| 30 yr | 0.09 yr | 16% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | -0.03 | +0.00 | +0.00 | $110.0k | $17.6k |
| 1 yr | +0.35 | +0.08 | +0.02 | $2.20m | $466.0k |
| 5 yr | +0.68 | +0.22 | -0.03 | $5.75m | -$735.9k |
| 10 yr | +0.80 | +0.18 | +0.00 | $4.75m | $59.0k |
| 30 yr | +0.50 | +0.09 | +0.00 | $2.34m | $32.0k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | CAPITAL GROUP CENTRAL CASH FUND | 6.78% | — | $17.88B | — |
| AVGO | BROADCOM INCAVGO | 3.36% | $309.51 | $8.86B | 28.6M |
| — | CAPITAL GROUP CENTRAL CORPORATE BOND FUND | 2.79% | $8.38 | $7.37B | 879.4M |
| TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTDTSM | 2.33% | $337.95 | $6.14B | 18.2M |
| PM | PHILIP MORRIS INTERNATIONAL INCPM | 2.23% | $165.34 | $5.89B | 35.6M |
| NVDA | NVIDIA CORPNVDA | 2.00% | $174.40 | $5.27B | 30.2M |
| MSFT | MICROSOFT CORPMSFT | 1.99% | $370.17 | $5.24B | 14.2M |
| GOOGL | ALPHABET INCGOOGL | 1.74% | $287.56 | $4.59B | 15.9M |
| GOOG | ALPHABET INCGOOG | 1.43% | $286.86 | $3.76B | 13.1M |
| LLY | ELI LILLY AND COLLY | 1.33% | $919.77 | $3.51B | 3.8M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-03-31 — not a live quote, and not what the fund paid.
Top 10 positions are 25.96% of net assets, top 25 39.58%, across 1.2K issuers.
See more of this fund's book
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