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Detailed Fund Information

CollegeAmerica (R) is a nationwide plan sponsored by Virginia 529 (SM)

American Balanced Fund® (balanced fund)

CollegeAmerica® Plans

Class 529-A shares

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How do the share classes differ?

Daily Prices

Updated April 17, 2014, 3:19PM Pacific time

Net Asset Value (NAV) $24.53
NAV Change $0.01
Maximum Offering Price (MOP) $26.03

(All prices are subject to revision.)

Historical Prices & Distributions

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Ticker Symbols & Fund Numbers

Fund Number 1011
Ticker/Quotron Symbol CLBAX
CUSIP Number 024071 50 8

Fund Description

Fund Objective The investment objectives of the fund are: (1) conservation of capital, (2) current income and (3) long-term growth of capital and income.
Distinguishing Characteristics The fund invests primarily in blue chip equities and investment-grade fixed-income securities, using a balanced approach and a U.S. emphasis.
Types of Investments Common stocks and preferred stocks, bonds, convertibles and cash.
Non-U.S. Holdings The fund may invest up to 15% of its assets in securities of issuers domiciled outside the United States.
Portfolio Restrictions May not invest more than 75% of assets in common stocks. All of the fund's fixed-income investments must be investment-grade at the time of purchase.

Fund Facts

Minimum Initial Investment $250
Shareholder Accounts (aggregated for all share classes; updated monthly) 2,931,656
Regular Dividends Paid March, June, September, December
Capital Gains Paid March, December
Fund Inception July 26, 1975
Fiscal Year-End December

The months indicated for dividends and capital gains paid represent the anticipated current year ex-dividend date schedule for all share classes.

Returns & Expenses

Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Results shown at net asset value have all distributions reinvested. If a sales charge had been deducted, the results would have been lower. Share price and return will vary, so investors may lose money. Investing for short periods makes losses more likely. Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value. Returns with sales charge for Class 529-A shares reflect payment of the 5.75% maximum sales charge at the beginning of the stated periods. Definitions and other important legal information about these prices and returns are shown below.

Rates of Return*

  Average Annual Total Returns
1 yr 3 yrs 5 yrs 10 yrs Fund Lifetime
March 31, 2014 (most recent month-end)
NAV 15.56% 11.79% 16.49% 6.80% 10.85%
With sales charge 8.92% 9.60% 15.13% 6.17% 10.68%
March 31, 2014 (most recent quarter-end)
NAV 15.56% 11.79% 16.49% 6.80% 10.85%
With sales charge 8.92% 9.60% 15.13% 6.17% 10.68%

Expense Ratios

American Balanced Fund 0.70%
Lipper Balanced Funds Average 1.19%

12-Month Distribution Rates

As of March 31, 2014 (updated monthly)

NAV 1.46%
With sales charge 1.37%

Annualized 30-Day SEC Yield

As of March 31, 2014 (updated monthly)

With sales charge 1.34%


Largest Industry Holdings

% of net assets as of March 31, 2014 (updated quarterly)

Banks 6.2%
Oil, gas & consumable fuels 5.4%
Aerospace & defense 5.3%
Pharmaceuticals 5.1%
Semiconductors & semiconductor equipment 4.1%
Media 3.4%
Software 3.3%
Machinery 2.8%
Internet & catalog retail 2.7%
Chemicals 2.6%

Portfolio Summary

% of net assets as of March 31, 2014 (updated quarterly)

Cash & equivalents 5.4%
Government Agency Securities 2.5%
Mortgage- and Asset-Backed Securities 6.3%
Municipal Securities 0.2%
Non-U.S. Corporate and Governmental Bonds 2.6%
Stocks and Convertible Securities 70.0%
U.S. Corporate Bonds 6.2%
U.S. Treasuries 6.8%

Quality Summary

% of net assets as of March 31, 2014 (updated quarterly)

U.S. Treasuries/Agencies 9.0%
AAA/Aaa 6.0%
AA/Aa 1.9%
A 4.4%
BBB/Baa 3.3%
Cash & equivalents 5.4%

as of March 31, 2014 (updated quarterly)

Average Life (years) 7.5
Average Duration (years) 5.5

Bond ratings, which typically range from AAA/Aaa (highest) to D (lowest), are assigned by credit rating agencies such as Standard & Poor’s, Moody’s and/or Fitch, as an indication of an issuer’s creditworthiness. If agency ratings differ, the security will be considered to have received the highest of those ratings, consistent with the fund’s investment policies. Securities in the Unrated category have not been rated by a rating agency; however, the investment adviser performs its own credit analysis and assigns comparable ratings that are used for compliance with fund investment policies.

Portfolio Holdings

(updated quarterly, upon availability)

Asset Mix

as of March 31, 2014 (updated monthly)

U.S. Equities 64.0%
Non-U.S. Equities 6.0%
U.S. Bonds 21.6%
Non-U.S. Bonds 3.0%
Cash & Equivalents 5.4%

Assets and Portfolio Turnover (for fiscal years)

Fiscal Year Fund Assets (billions) Portfolio Turnover
2013 $70.9 55%
2012 $55.9 54%
2011 $49.4 47%
2010 $50.5 37%
2009 $47.9 46%

Assets shown are for combined share classes.

Largest Equity Holdings

Percent of net assets as of March 31, 2014 (updated monthly)



A world leader in software and Internet technologies. Its products include the Windows operating system and Office software.


Wells Fargo

One of the largest banks in the U.S.



Major online retailer of books, CDs, DVDs, toys, apparel, home furnishings and other products.


Home Depot

The world's largest home improvement retailer.



Global manufacturer for the aerospace and defense industries.



Among the world's largest pharmaceutical companies, and a leader in cardiovascular medicine.


American Express

A leading travel and financial services company.


Berkshire Hathaway

This holding company's primary business is insurance and reinsurance. Also involved in publishing, retailing, flight training and other businesses.



Provides media and television broadcasting services worldwide.


Lockheed Martin

A world leader in advanced aerospace and military technology products.


Portfolio Managers

Number of years with American Funds or affiliates
Hilda L. Applbaum 19
Alan N. Berro 23
Gregory D. Johnson 20
Jeffrey T. Lager 17
James R. Mulally 34
Dina N. Perry 22
John H. Smet 31
Eugene P. Stein 42

(as of the prospectus dated March 1, 2014)

The portfolio managers shown are reflected in the fund’s most recent prospectus.

Important Legal Information

CollegeAmerica is sponsored by Virginia529. But you can invest no matter where you live, and your beneficiary can go to school in any state. However, if you reside in a state other than Virginia, there may be an in-state plan that offers tax and other benefits not available in CollegeAmerica. Before investing in any state’s 529 plan, you should consult your tax adviser.

The return of principal for the bond holdings in American Balanced Fund is not guaranteed. Fund shares are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings.

* Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class 529-A shares were first offered on February 15, 2002. Class 529-A share results prior to the date of first sale are hypothetical based on Class A share results without a sales charge, adjusted for estimated additional annual expenses. View dates of first sale and specific expense adjustment information for Class 529-A shares.

  When applicable, investment results reflect fee waivers and/or expense reimbursements, without which results would have been lower. Read details about how waivers and/or reimbursements affect the results for each fund.

Source for Lipper expense ratio comparison: Lipper, based on front-end load funds, excluding funds of funds, for the most recent fiscal year-ends available as of March 31, 2014. The fund’s expense ratio is as of the fund’s prospectus. The expense ratios do not reflect sales charges.

The SEC yield reflects the rate at which the fund is earning income on its current portfolio of securities, while the distribution rate reflects the fund's past dividends paid to shareholders. Accordingly, the fund's SEC yield and distribution rate may differ.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses, summary prospectuses and CollegeAmerica Program Description, which can be obtained from a financial professional and should be read carefully before investing. CollegeAmerica is distributed by American Funds Distributors® and sold through unaffiliated intermediaries.