American Funds Moderate Growth and Income Portfolio
Actively managed U.S. stock fund
As of its 2026 Q2 report, American Funds Moderate Growth and Income Portfolio held 13 positions with $16.86B in net assets. Its ten largest holdings made up 93.0% of the fund. The BLPAX share class costs 0.65% a year. Over the 12 months to May 2026, BLPAX returned 20.2%, with dividends reinvested. In 2026 Q3 it added no new positions and exited none.
The funds investment objectives are to provide current income and long-term growth of capital and income.
The fund invests in a mix of American Funds selected and weighted by the adviser to balance current income and long-term capital growth. The underlying funds span growth, equity-income, balanced, and fixed-income strategies, with the fund maintaining at least 45% in equities and at least 25% in bonds and debt securities through these holdings. The adviser adjusts the combination of underlying funds based on historical volatility, returns, current market conditions, and how past combinations would have performed across different market environments. The fund may hold junk bonds rated BB+ or below to enhance income generation, and seeks exposure to dividend-paying stocks and investments outside the United States, including emerging markets.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
RLBGXAMERICAN BALANCED FUND (AMBAL) | 21.02% | $3.54B | 89.5M | $39.60 |
RGBGXAMERICAN FUNDS GLOBAL BALANCED FUND (GBAL) | 14.97% | $2.52B | 60.2M | $41.92 |
RWMGXWASHINGTON MUTUAL INVESTORS FUND (WMIF) | 12.04% | $2.03B | 30.1M | $67.51 |
RWIGXCAPITAL WORLD GROWTH & INCOME FUND | 10.04% | $1.69B | 21.8M | $77.70 |
RIDGXINCOME FUND OF AMERICA (THE) (IFA) | 10.02% | $1.69B | 61.4M | $27.53 |
RLLGXSMALLCAP WORLD FUND INC | 5.04% | $848.83M | 10.1M | $84.04 |
RNPGXNEW PERSPECTIVE FUND (NPF) | 4.98% | $839.20M | 11.6M | $72.36 |
RMDUXAMERICAN FUNDS MULTI-SECTOR INCOME FUND (MSI) | 4.96% | $836.58M | 89.2M | $9.38 |
BOND FUND OF AMERICA (THE) (BFA) | 4.96% | $835.74M | 74.0M | $11.29 |
RANGXAMERICAN FUNDS STRATEGIC BOND FUND (SBF) | 4.95% | $833.90M | 90.9M | $9.17 |
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.
All 13 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 | 70.47% |
| Bonds | 20.03% |
| Securitized | 5.45% |
| Cash & short-term | 4.35% |
| Loans | 0.17% |
| Derivatives | -0.05% |
Look-through blends 11 underlying funds; 6.959% 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.
How it has done
BLPAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 9.12%. Past returns are a record, not a forecast.
Jun 2026 and Jul 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 23 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.65% | +20.16% | +54.33% | +45.41% | -7.16% | |
| 1.39% | +19.24% | +50.95% | +40.10% | -7.28% | |
| 0.70% | +20.08% | +54.04% | +45.02% | -7.11% | |
| 0.45% | +20.35% | +55.23% | +46.83% | -7.10% | |
| 0.68% | +20.13% | +54.12% | +45.12% | -7.12% | |
| 1.44% | +19.18% | +50.67% | +39.76% | -7.28% | |
| 0.93% | +19.83% | +52.98% | +43.43% | -7.20% | |
| 0.75% | +20.36% | +54.96% | +46.47% | -7.06% | |
| 1.41% | +19.24% | +50.81% | +39.98% | -7.31% | |
| 1.43% | +19.24% | +50.80% | +39.94% | -7.34% | |
| 0.98% | +19.72% | +52.80% | +42.98% | -7.20% | |
| 0.68% | +20.11% | +54.16% | +45.16% | -7.11% | |
| 0.40% | +20.45% | +55.46% | +47.29% | -7.02% | |
| 0.35% | +20.50% | +55.68% | +47.65% | -7.07% | |
| 1.15% | +19.59% | +52.02% | +41.90% | -7.23% | |
| 0.49% | +20.33% | +55.03% | +46.59% | -7.06% | |
| 0.35% | +20.56% | +55.77% | +47.63% | -7.03% | |
| 0.69% | +20.40% | +55.29% | +46.97% | -7.04% | |
| 0.64% | +20.46% | +55.54% | +47.39% | -7.03% | |
| 0.59% | +20.20% | +54.60% | +45.94% | -7.10% | |
| 0.37% | +20.49% | +55.66% | +47.50% | -7.04% | |
| 0.40% | +20.46% | +55.49% | +47.17% | -7.05% | |
| 0.44% | +20.41% | +55.30% | +46.89% | -7.06% |
These classes hold the same portfolio, so the 7.89pp spread over 5 years is the cost difference between them — roughly 1.58pp a year — not a difference in what they own.
Fees & fund details
American Funds Moderate Growth and Income Portfolio is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Fund of funds
- Expense ratio, by class
- 0.35% – 1.44%· BLPAX 0.65%
- Portfolio turnover
- 4.00% a year · as of 2025 Q4
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
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.
0 new
0 exited
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