American Funds Global Balanced Fund
American Funds Global Balanced Fund · 21 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
American Funds Global Balanced Fund is an aggressive allocation fund.
- Asset class
- Allocation (multi-asset)
- Region
- Global
- Management
- Actively managed
- Fund type
- Open-end fund
- Equity exposure
- Aggressive
Fund profile
As filed in the prospectus · 2025 Q4
This fund seeks the balanced accomplishment of three objectives: long-term growth of capital, conservation of principal and current income.
The fund seeks balanced growth and income by investing at least 45% in global equities—typically medium to large-cap companies—and at least 25% in investment-grade bonds and debt securities, with a team of portfolio managers each overseeing segments of the portfolio. The fund normally allocates at least 30–40% of assets outside the United States across multiple countries, including emerging markets, with the exact percentage adjusted based on market conditions and the composition of the MSCI All Country World Index. Because returns depend on the investment adviser's judgments about which securities represent attractive long-term opportunities, performance will diverge from any benchmark.
| Share class | Expense ratio |
|---|---|
| GBLAX | 0.80% |
| CBFFX | 0.90% |
| RGBLX | 1.53% |
| RGBBX | 1.55% |
| RGBCX | 1.11% |
| RGBEX | 0.81% |
| RGBFX | 0.53% |
| RGBGX | 0.47% |
| GBLCX | 1.55% |
| GBLEX | 0.85% |
| GBLFX | 0.58% |
| CBFAX | 0.83% |
| CBFCX | 1.60% |
| CBFEX | 1.07% |
| RGGHX | 1.27% |
| RGBHX | 0.63% |
| GFBLX | 0.47% |
| TFBGX | 0.85% |
| TFGBX | 0.80% |
| FFGGX | 0.57% |
| FFBGX | 0.52% |
Portfolio turnover 69.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 62.48% |
| Bonds | 25.18% |
| Cash & short-term | 7.82% |
| Securitized | 4.90% |
| Derivatives | -0.23% |
Look-through blends 1 underlying fund; 0.0% of NAV was not looked through and stays direct-classified.
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.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| International | 29.0% |
| Government | 18.4% |
| Information Technology | 10.2% |
| Cash | 7.6% |
| 12 smaller | 34.8% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +19.26% | +40.05% | +33.08% | 8.40% | -7.30% | |
| +19.42% | +40.61% | +34.00% | 8.38% | -7.27% | |
| +18.41% | +37.03% | +28.32% | 8.41% | -7.46% | |
| +18.37% | +37.01% | +28.27% | 8.37% | -7.47% | |
| +18.91% | +38.84% | +31.12% | 8.39% | -7.36% | |
| +19.29% | +40.08% | +33.05% | 8.37% | -7.27% | |
| +19.58% | +41.27% | +34.99% | 8.39% | -7.24% | |
| +19.64% | +41.47% | +35.32% | 8.38% | -7.21% | |
| +18.41% | +37.00% | +28.21% | 8.40% | -7.45% | |
| +19.20% | +39.84% | +32.76% | 8.38% | -7.31% | |
| +19.51% | +41.04% | +34.58% | 8.39% | -7.23% | |
| +19.23% | +39.95% | +32.85% | 8.38% | -7.28% | |
| +18.33% | +36.77% | +27.91% | 8.38% | -7.47% | |
| +18.95% | +38.97% | +31.35% | 8.39% | -7.35% | |
| +18.72% | +38.12% | +30.01% | 8.40% | -7.40% | |
| +19.46% | +40.83% | +34.28% | 8.39% | -7.26% | |
| +19.67% | +41.50% | +35.35% | 8.38% | -7.21% | |
| +19.50% | +40.95% | +34.46% | 8.36% | -7.23% | |
| +19.52% | +41.04% | +34.74% | 8.39% | -7.22% | |
| +19.54% | +41.03% | +34.64% | 8.37% | -7.24% | |
| +19.58% | +41.20% | +34.90% | 8.39% | -7.20% |
These classes hold the same portfolio, so the 7.44pp spread over 5 years is the cost difference between them — roughly 1.49pp a year — not a difference in what they own.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
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 | 88.5% |
| Floating rate | 11.5% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 3.6% |
| 1-3y | 20.4% |
| 3-5y | 17.6% |
| 5-10y | 26.6% |
| 10y+ | 31.9% |
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 | 84% |
| Credit spreads | 16% |
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 | +0.36 yr |
| High yield | +0.02 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 | 0.27 yr | 14% |
| 5 yr | 0.63 yr | 32% |
| 10 yr | 0.72 yr | 37% |
| 30 yr | 0.36 yr | 18% |
3 mo is NEGATIVE (-0.02 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 | 0.07 yr | 18% |
| 5 yr | 0.14 yr | 36% |
| 10 yr | 0.13 yr | 34% |
| 30 yr | 0.04 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 | -0.02 | +0.00 | +0.00 | $6.5k | $2.0k |
| 1 yr | +0.27 | +0.06 | +0.01 | $190.3k | $38.0k |
| 5 yr | +0.63 | +0.15 | -0.01 | $480.4k | -$31.4k |
| 10 yr | +0.72 | +0.12 | +0.01 | $387.2k | $35.2k |
| 30 yr | +0.36 | +0.04 | +0.01 | $114.2k | $26.5k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 1.97 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
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 | 7.67% | — | $2.49B | — |
| AVGO | BROADCOM INCAVGO | 3.31% | $417.43 | $1.07B | 2.6M |
| — | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | 3.04% | $67.89 | $984.74M | 14.5M |
| NVDA | NVIDIA CORPNVDA | 2.25% | $199.57 | $730.41M | 3.7M |
| MSFT | MICROSOFT CORPMSFT | 2.08% | $407.78 | $672.98M | 1.7M |
| CNQ | CANADIAN NATURAL RESOURCES LTDCNQ | 1.79% | $47.73 | $580.26M | 12.2M |
| GOOGL | ALPHABET INCGOOGL | 1.69% | $384.80 | $546.90M | 1.4M |
| AMZN | AMAZON.COM INCAMZN | 1.40% | $265.06 | $454.15M | 1.7M |
| LLY | ELI LILLY AND COLLY | 1.37% | $934.60 | $444.15M | 475.2K |
| RTX | RTX CORPRTX | 1.35% | $176.07 | $436.41M | 2.5M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
Top 10 positions are 25.96% of net assets, top 25 40.60%, across 438 issuers.
See more of this fund's book
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