American Balanced Fund

American Balanced Fund · Series S000008801 · 21 share classes

Equity fund · 65% stocks· rate + credit risk filed

One fund, 21 share classes:ABALXRLBAXRLBBXRLBCXRLBEXRLBFXBALCXBALFXCLBAXCLBCXCLBEXCLBFXAMBFXRLBGXRAMHXRLEFXAFMBXTAFBXTABFXFBAFXFBONX

$288.23B NAV

4,074 positions · as of 2026-06-30 · filed 2026-08-27
data updated 2026-09-08

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.

Strategy · summarised

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.

Expenses

0.25% – 1.35%across 21 share classes

Share class	Expense ratio
ABALXC000023937	0.55%
RLBAXC000023938	1.32%
RLBBXC000023939	1.33%
RLBCXC000023940	0.89%
RLBEXC000023941	0.60%
RLBFXC000023942	0.30%
BALCXC000023944	1.30%
BALFXC000023945	0.61%
CLBAXC000023946	0.58%
CLBCXC000023948	1.35%
CLBEXC000023949	0.82%
CLBFXC000023950	0.66%
AMBFXC000068555	0.35%
RLBGXC000077860	0.25%
RAMHXC000148414	1.04%
RLEFXC000164818	0.39%
AFMBXC000180007	0.25%
TAFBXC000189521	0.59%
TABFXC000189522	0.55%
FBAFXC000224633	0.33%
FBONXC000224634	0.30%

Portfolio turnover 106.00% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

101.32%

of net assets

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.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 322 new291 exited

Largest new: UNITED STATES TREASURY ×6, BRK/B, UNIFORM MBS

Largest exited: UNIFORM MBS ×3, UNITED STATES TREASURY ×3, AME, DEUTSCHE TELEKOM AG

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

1-year	3-year	5-year	Vol	Worst fall
+26.07%	+57.81%	+56.57%	10.08%	-6.31%
+25.08%	+54.19%	+50.73%	10.07%	-6.48%
+25.06%	+54.17%	+50.63%	10.06%	-6.48%
+25.64%	+56.19%	+53.98%	10.10%	-6.40%
+26.01%	+57.59%	+56.30%	10.06%	-6.32%
+26.36%	+58.98%	+58.64%	10.11%	-6.26%
+25.11%	+54.27%	+50.80%	10.10%	-6.47%
+25.98%	+57.54%	+56.13%	10.11%	-6.32%
+25.99%	+57.60%	+56.27%	10.10%	-6.30%
+25.05%	+54.09%	+50.45%	10.09%	-6.51%
+25.72%	+56.50%	+54.48%	10.08%	-6.36%
+26.26%	+58.42%	+57.60%	10.08%	-6.30%
+26.30%	+58.76%	+58.18%	10.08%	-6.26%
+26.47%	+59.26%	+59.02%	10.08%	-6.26%
+25.43%	+55.50%	+52.82%	10.09%	-6.42%
+26.26%	+58.60%	+57.89%	10.09%	-6.27%
+26.46%	+59.29%	+59.04%	10.10%	-6.23%
+26.32%	+58.78%	+58.19%	10.07%	-6.26%
+26.41%	+59.00%	+58.56%	10.09%	-6.24%
+26.35%	+58.81%	+58.31%	10.09%	-6.26%
+26.40%	+59.02%	+58.58%	10.08%	-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.

Cumulative return· Jul 2023 – Apr 2026

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.

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30

Avg coupon

4.29%

Avg maturity

12.84 yr

Coupon type

Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.

14%

floating

Fixed rate	86.0%
Floating rate	14.0%

Maturity ladder

Share of the fund's debt value in each maturity band, shortest first.

23.2%

22.0%

38.9%

<1y10y+

<1y	2.5%
1-3y	13.5%
3-5y	23.2%
5-10y	22.0%
10y+	38.9%

Flagged holdings

Defaulted: 0.01% · $7.05M · 1 positions

In arrears: none reported

Paid in kind: none reported

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.

Interest-rate duration

2.16 yr

approx. move per 100bp

Credit-spread duration

0.65 yr

approx. move per 100bp

If rates and spreads both rise 100bp

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.

≈ -3.0%

of value

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.

Credit risk by quality

Share of the fund's spread duration carried by each credit tier.

+0.65

yrs total

Investment grade	+0.57 yr
High yield	+0.07 yr

Where the risk sits on the curve

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.

Interest rate2.16 yr total

0.68 yr

0.75 yr

0.41 yr

1 yr30 yr

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.

Credit spread0.65 yr total

0.11 yr

0.28 yr

0.18 yr

3 mo30 yr

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.

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
CMQXX	CAPITAL GROUP CENTRAL CASH FUNDCMQXX	4.41%	—	$12.70B	—
AVGO	BROADCOM INCAVGO	4.38%	$377.75	$12.61B	33.4M
TSM	TAIWAN SEMICONDUCTOR MANUFACTURING CO LTDTSM	3.02%	$477.57	$8.71B	18.2M
CCBFX	CAPITAL GROUP CENTRAL CORPORATE BOND FUNDCCBFX	2.59%	$8.38	$7.46B	890.0M
MU	MICRON TECHNOLOGY INCMU	2.55%	$1,154.29	$7.34B	6.4M
PM	PHILIP MORRIS INTERNATIONAL INCPM	2.27%	$180.91	$6.54B	36.2M
GOOGL	ALPHABET INCGOOGL	2.13%	$357.37	$6.13B	17.2M
MSFT	MICROSOFT CORPMSFT	1.69%	$373.02	$4.86B	13.0M
NVDA	NVIDIA CORPNVDA	1.56%	$200.09	$4.50B	22.5M
LLY	ELI LILLY AND COLLY	1.47%	$1,199.43	$4.22B	3.5M

Showing 10 of 4,074Sign in to see more

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.

Top 10 positions are 26.05% of net assets, top 25 40.42%, across 1.2K issuers.

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