Investment Fund

Share Class

Summary

Internal Prompt
A balanced approach to growth-and-income investing. With a diversified portfolio of quality stocks and bonds, this balanced strategy invests between 50% and 75% in equities, with flexible exposure to growth-oriented and dividend-paying stocks. The fixed income portion generally invests in investment-grade bonds, providing diversification from equities.
Price at NAV $32.81 as of 4/15/2024 (updated daily)
Fund Assets (millions) $217,297.7
Portfolio Managers
14
Expense Ratio
(Gross/Net %)
1.37 / 1.37%
Prospectus (PDF)

Internal Prompt

Returns at NAV

Returns with CDSC

Read important investment disclosures
15.82%
1-year return
7.71%
5-year return
7.55%
10-year return
1.56%
30-Day SEC Yield
Returns as of 3/31/24 (updated monthly). Yield as of 3/31/24 (updated monthly).

Asset Mix

U.S. Equities56.8%
Non-U.S. Equities7.5%
U.S. Bonds27.2%
Non-U.S. Bonds3.2%
Cash & Equivalents
5.3%
As of 3/31/2024 (updated monthly)

Growth of 10K

Read important investment disclosures

High & Low Prices

Market Capitalization

83.3%
Large
15.5%
Medium
1.2%
Small
$180,388.88 Million
Weighted Average


As of 12/31/2023 (updated quarterly). Morningstar data as of 12/31/2023 (updated quarterly).

Morningstar Ownership ZoneTM

Moderate Allocation
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as of 12/31/23 (updated quarterly)
INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

Fund Statistics

6.2 years
Effective Duration
5.1%
Average Yield
to Worst
4%
Average Coupon
% of net assets as of 3/31/2024 (updated monthly)

Morningstar Style BoxTM— Fixed-Income

High Quality
Moderate Interest-Rate Sensitivity
Morningstar data as of 12/31/23 (updated quarterly)

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
With a diversified portfolio of quality stocks and bonds, this balanced fund generally invests between 50% and 75% of its assets in equities, with flexible exposure to growth-oriented and dividend-paying stocks. The fixed income portion of the portfolio, which generally invests in investment-grade bonds, provides diversification from equities. This approach has the potential to provide consistent results, and to limit volatility.
Types of Investments
Common stocks and preferred stocks, bonds, convertibles and cash.
Holdings Outside the U.S.
The fund may invest up to 20% 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

Fund Inception 7/26/1975
Fund Assets (millions)
As of 2/29/2024
 $217,297.7
Companies/Issuers
Holdings are as of 3/31/2024 (updated monthly).
 932+
Shareholder Accounts
Shareholder accounts are as of 3/31/2024
 27,968
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid
Jun, Dec
Portfolio Turnover (2023) 171%
Fiscal Year-End Dec
Prospectus Date 03/01/2024
CUSIP 024071 70 6
Fund Number 1311

Returns

Internal Prompt

Month-End Returns as of 3/31/24

Returns at NAV
| with CDSC
Read important investment disclosures
CLBCX
60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 3/31/24

Internal Prompt

Volatility & Return

Read important investment disclosures
For Class 529-C Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
CLBCX
60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index
Other AF Funds
Standard Deviation as of 03/31/2024 (updated monthly) . Annualized return as of 03/31/2024 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 1.52% 1.56%
Fund at MOP N/A N/A
As of 3/31/2024 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 3.58 12.20 17.68
60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index
3.80 13.90 19.90
Fund as of 12/31/23. Index as of 12/31/23.

Portfolio Management

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Hilda L. Applbaum 25 29 40
Pramod Atluri 6 8 20
Paul Benjamin 10 18
Alan N. Berro 18 33 38
Mark L. Casey 4 23
Mathews Cherian 2 20 27
Irfan M. Furniturewala 0 23
Jeffrey T. Lager 13 27
Jin Lee 6 27 28
Anne-Marie Peterson 8 19 29
Chitrang Purani 1 2 20
John R. Queen 8 22 34
Ritchie Tuazon 4 13 24
Alan J. Wilson 8 33
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(686)
3-yr. Morningstar RatingTM
(686 funds rated)
5-yr. Morningstar RatingTM
(646 funds rated)
10-yr. Morningstar RatingTM
(487 funds rated)
Overall Morningstar Risk Below Average
HIGH
LOW
Category
Moderate Allocation
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 3/31/2024 (updated monthly).

Risk Measures

Fund
Standard Deviation
9.63
Sharpe Ratio
0.62
For the 10 Years ending 3/31/24 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index
Morningstar Mod Tgt Risk TR USD
R-squared
96 95
Beta
0.95 0.95
Capture Ratio (Downside/Upside)
101/94 94/103
American Funds Benchmark for the 10 Years ending 3/31/24 (updated monthly).
Morningstar Benchmark for the 10 Years ending 3/31/24 (updated monthly).
U.S. Treasuries/Agencies
17.2%
AAA/Aaa
44.6%
AA/Aa
5.2%
A
18.0%
BBB/Baa
14.0%
BB/Ba
0.0%
Unrated
1.0%
% of net assets as of 3/31/2024 (updated monthly)

Average Life Breakdown

0-4.9 Years
11.4%
5-9.9 Years
15.5%
10-19.9 Years
2.0%
20-29.9 Years
1.4%
30+ Years
0.1%
% of net assets as of 3/31/2024 (updated monthly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 15.1%
Health care 9.0%
Financials 7.8%
Industrials 7.0%
Communication services 6.2%
Consumer staples 5.5%
Consumer discretionary 4.9%
Energy 4.1%
Materials 2.1%
Utilities 1.5%
Real estate 1.1%

% of net assets as of 3/31/2024 (updated monthly)

Bonds Breakdown

Top Equities

Microsoft
4.6%
Broadcom
4.5%
Alphabet
2.2%
Meta Platforms
1.7%
Philip Morris International
1.7%
UnitedHealth Group
1.7%
Eli Lilly
1.6%
TSMC
1.4%
Home Depot
1.4%
JPMorgan Chase
1.3%

% of net assets as of 3/31/2024 (updated monthly)

Geographic Breakdown

Regions
United States
84.0%
Europe
4.7%
Asia & Pacific Basin
2.5%
Other (Including Canada & Latin America)
3.5%
Cash & equivalents
5.3%
% of net assets as of 3/31/2024 (updated monthly)

The New Geography of Investing ®

Equity Portion Breakdown by Domicile | Equity Portion Breakdown by Revenue
Regions Fund
60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index
United States 88.4% 100.0%
Canada 4.0% 0.0%
Europe 4.2% 0.0%
Japan 0.2% 0.0%
Emerging Markets 3.2% 0.0%

% of net assets as of 3/31/2024 (updated monthly)

Fund Breakdown by Domicile

Regions Fund
60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index
United States 56.8% 100.0%
Canada 2.6% 0.0%
Europe 2.7% 0.0%
Japan 0.2% 0.0%
Emerging Markets 2.0% 0.0%
Cash & Equivalents
5.3% --
Fixed Income 30.4% --

% of net assets as of 3/31/2024 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

2024

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 04/15/24

FIND HISTORICAL DISTRIBUTIONS
2024
Record
Date		 Calculated
Date		 Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
03/11/24 03/11/24 03/12/24 $0.0451 $0.00 $0.00 $0.00 $33.30
2024 Year-to-Date: Dividends Subtotal: $0.0451 Cap Gains Subtotal: $0.00
Total Distributions: $0.0451

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.21%
Other Expenses 0.16%
Service 12b-1 1.00%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

CLBCX 1.37%
Lipper Balanced Funds Average
1.72%
Fund as of most recent prospectus. Lipper Category as of 3/31/24 (updated quarterly).

Resources

Prospectuses & Reports for CLBCX