American Balanced Fund
Aggressive allocation fund
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
CMQXXCAPITAL GROUP CENTRAL CASH FUND | 4.41% | $12.70B | — | — |
AVGOBROADCOM INC | 4.38% | $12.61B | 33.4M | $377.75 |
TSMTAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | 3.02% | $8.71B | 18.2M | $477.57 |
CCBFXCAPITAL GROUP CENTRAL CORPORATE BOND FUND | 2.59% | $7.46B | 890.0M | $8.38 |
2.55% | $7.34B | 6.4M | $1,154.29 | |
2.27% | $6.54B | 36.2M | $180.91 | |
GOOGLALPHABET INC | 2.13% | $6.13B | 17.2M | $357.37 |
MSFTMICROSOFT CORP | 1.69% | $4.86B | 13.0M | $373.02 |
NVDANVIDIA CORP | 1.56% | $4.50B | 22.5M | $200.09 |
1.47% | $4.22B | 3.5M | $1,199.43 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
The 200 largest of 4,074 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 61.94% |
| Bonds | 24.38% |
| Securitized | 10.17% |
| Cash & short-term | 4.70% |
| 2 smaller | 0.13% |
Look-through blends 1 underlying fund; 0.0% of NAV was not looked through and stays direct-classified.
By sector
- Information Technology
- 15.7%
- Government
- 12.5%
- International
- 11.0%
- Securitized
- 10.0%
- 12 other sectors
- 50.7%
- Information Technology
- 15.7%
- Government
- 12.5%
- International
- 11.0%
- Securitized
- 10.0%
- Financials
- 8.5%
- Health Care
- 7.1%
- Industrials
- 5.5%
- Communication Services
- 5.5%
- Other
- 5.4%
- Consumer Discretionary
- 5.3%
- Cash
- 4.3%
- Consumer Staples
- 3.4%
- Energy
- 1.9%
- Utilities
- 1.6%
- Real Estate
- 1.3%
- Materials
- 1.1%
How it has done
ABALX share class · total returns with dividends reinvested
Volatility over the last 12 months: 10.08%. Past returns are a record, not a forecast.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 21 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.55% | +26.07% | +57.81% | +56.57% | -6.31% | |
| 1.32% | +25.08% | +54.19% | +50.73% | -6.48% | |
| 1.33% | +25.06% | +54.17% | +50.63% | -6.48% | |
| 0.89% | +25.64% | +56.19% | +53.98% | -6.40% | |
| 0.60% | +26.01% | +57.59% | +56.30% | -6.32% | |
| 0.30% | +26.36% | +58.98% | +58.64% | -6.26% | |
| 1.30% | +25.11% | +54.27% | +50.80% | -6.47% | |
| 0.61% | +25.98% | +57.54% | +56.13% | -6.32% | |
| 0.58% | +25.99% | +57.60% | +56.27% | -6.30% | |
| 1.35% | +25.05% | +54.09% | +50.45% | -6.51% | |
| 0.82% | +25.72% | +56.50% | +54.48% | -6.36% | |
| 0.66% | +26.26% | +58.42% | +57.60% | -6.30% | |
| 0.35% | +26.30% | +58.76% | +58.18% | -6.26% | |
| 0.25% | +26.47% | +59.26% | +59.02% | -6.26% | |
| 1.04% | +25.43% | +55.50% | +52.82% | -6.42% | |
| 0.39% | +26.26% | +58.60% | +57.89% | -6.27% | |
| 0.25% | +26.46% | +59.29% | +59.04% | -6.23% | |
| 0.59% | +26.32% | +58.78% | +58.19% | -6.26% | |
| 0.55% | +26.41% | +59.00% | +58.56% | -6.24% | |
| 0.33% | +26.35% | +58.81% | +58.31% | -6.26% | |
| 0.30% | +26.40% | +59.02% | +58.58% | -6.24% |
These classes hold the same portfolio, so the 8.59pp spread over 5 years is the cost difference between them — roughly 1.72pp a year — not a difference in what they own.
Fees & fund details
American Balanced Fund is an aggressive allocation fund.
- Asset class
- Allocation (multi-asset)
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Equity exposure
- Aggressive
- Expense ratio, by class
- 0.25% – 1.35%· ABALX 0.55%
- Portfolio turnover
- 106.00% a year · as of 2026 Q1
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
322 new· the largest 3
291 exited· the largest 4
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
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 | 86.0% |
| Floating rate | 14.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 2.5% |
| 1-3y | 13.5% |
| 3-5y | 23.2% |
| 5-10y | 22.0% |
| 10y+ | 38.9% |
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 2026Q2
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 | 77% |
| Credit spreads | 23% |
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 | +0.07 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 | 0.32 yr | 15% |
| 5 yr | 0.68 yr | 32% |
| 10 yr | 0.75 yr | 35% |
| 30 yr | 0.41 yr | 19% |
3 mo is NEGATIVE (-0.00 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 | 0.11 yr | 17% |
| 5 yr | 0.28 yr | 43% |
| 10 yr | 0.18 yr | 27% |
| 30 yr | 0.07 yr | 11% |
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 | -0.00 | +0.00 | +0.00 | $121.5k | $18.3k |
| 1 yr | +0.32 | +0.09 | +0.02 | $2.57m | $699.3k |
| 5 yr | +0.68 | +0.24 | +0.04 | $6.85m | $1.24m |
| 10 yr | +0.75 | +0.17 | +0.01 | $4.92m | $147.9k |
| 30 yr | +0.41 | +0.07 | +0.00 | $2.09m | $32.9k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Understand how this fund fits with the rest.
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