Investment Fund

Share Class

Summary

Internal Prompt
Balances growth and income. Offers exposure to a mix of global stocks and bonds that can temper the impact of volatility while seeking capital appreciation and income opportunities.
Price at NAV $20.43 as of 10/22/2025 (updated daily)
Fund Assets (millions) $15,988.4
Portfolio Solutions Committee Members
7
Expense Ratio
(Gross/Net %)
0.66 / 0.66%
Prospectus

Asset Mix

U.S. Equities48.7%
Non-U.S. Equities18.7%
U.S. Bonds22.8%
Non-U.S. Bonds5.1%
Cash & Equivalents
4.7%
As of 9/30/2025 (updated monthly)

Fund Statistics

5.7 years
Effective Duration
4.8%
Average Yield
to Worst
4.7%
Average Coupon
% of net assets as of 9/30/2025 (updated monthly)

Growth of 10K

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For Class A Shares, this chart tracks a hypothetical investment with dividends reinvested, over the last 20 years, or since inception date if the fund has been in existence under 20 years, through 12/31/2024.
BLPAX
S&P 500 Index
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High & Low Prices

Internal Prompt

Returns at NAV

Returns with Sales Charge

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5.53%
1-year return
7.93%
5-year return
8.26%
10-year return
1.69%
30-Day SEC Yield
Returns as of 9/30/25 (updated monthly). Yield as of 9/30/25 (updated monthly).

Description

Fund Objective
The fund's investment objectives are to provide current income and long-term growth of capital and income.
Distinguishing Characteristics
Pursues its investment objectives by investing in a mix of American Funds in different combinations and weightings.
Types of Investments
The underlying American Funds may represent a variety of fund categories such as growth funds, growth-and-income funds, equity-income funds, balanced funds and bond funds.
Portfolio Restrictions
Will invest at least 45% of its assets in common stocks and other equity investments, and through its investments in the underlying funds, will invest at least 25% of the value of its assets in bonds and other debt securities (including money market instruments).

Fund Facts

Fund Inception 5/18/2012
Fund Assets (millions)
As of 9/30/2025
 $15,988.4
Companies/Issuers
Holdings are as of 9/30/2025 (updated monthly).
 3221+
Shareholder Accounts
Shareholder accounts are as of 9/30/2025
 174,525
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2024) 4%
Fiscal Year-End Oct
Prospectus Date 01/01/2025
CUSIP 02630Y 26 5
Fund Number 50

Returns

Internal Prompt

Month-End Returns as of 9/30/25

Returns at NAV
| With Sales Charge
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BLPAX
S&P 500 Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 9/30/25

Internal Prompt

Volatility & Return

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Equities

For Class A Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
BLPAX
S&P 500 Index
Other AF Funds
Standard Deviation as of 09/30/2025 (updated monthly) . Annualized return as of 09/30/2025 (updated monthly) .
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Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 2.02% N/A
Fund at MOP 1.91% 1.69%
As of 9/30/2025 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 3.30 12.96 18.46
S&P 500 Index
4.60 15.30 22.90
Fund as of 9/30/25. Index as of 9/30/25.

Portfolio Solutions Committee

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Brittain Ezzes 1 3 27
Samir Mathur 5 12 32
Damien McCann 13 25
Wesley Phoa 12 26 32
John Queen 5 23 35
Andrew Suzman 12 31
Michelle Black 5 23 30
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(466)
3-yr. Morningstar RatingTM
(466 funds rated)
5-yr. Morningstar RatingTM
(439 funds rated)
10-yr. Morningstar RatingTM
(363 funds rated)
Overall Morningstar Risk Average
HIGH
LOW
Category
Moderate Allocation
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 9/30/2025 (updated monthly).

Risk Measures

Fund
Standard Deviation
10.13
Sharpe Ratio
0.68
For the 10 Years ending 9/30/25 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
S&P 500 Index
Morningstar Mod Tgt Risk TR USD
R-squared
91 97
Beta
0.63 1.00
Capture Ratio (Downside/Upside)
67/63 98/104
American Funds Benchmark for the 10 Years ending 8/31/25 (updated monthly).
Morningstar Benchmark for the 10 Years ending 9/30/25 (updated monthly).
U.S. Treasuries/Agencies
5.2%
AAA/Aaa
2.1%
AA/Aa
7.2%
A
4.2%
BBB/Baa
4.6%
BB/Ba
2.4%
B
1.0%
CCC & Below
0.4%
Unrated
0.8%
Cash & equivalents
4.7%
% of net assets as of 9/30/2025 (updated monthly)

Average Life Breakdown

0-4.9 Years
14.9%
5-9.9 Years
9.2%
10-19.9 Years
1.6%
20-29.9 Years
2.1%
30+ Years
0.1%
% of net assets as of 9/30/2025 (updated monthly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 15.4%
Financials 11.1%
Industrials 9.4%
Health care 6.7%
Consumer discretionary 6.0%
Communication services 5.2%
Consumer staples 4.6%
Materials 3.1%
Energy 2.5%
Utilities 2.3%
Real estate 1.1%

% of net assets as of 9/30/2025 (updated monthly)

Bonds Breakdown

Geographic Breakdown

Regions
United States
71.4%
Europe
11.7%
Asia & Pacific Basin
6.7%
Other (Including Canada & Latin America)
5.5%
Cash & equivalents
4.7%
% of net assets as of 9/30/2025 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

2025

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 10/22/25

FIND HISTORICAL DISTRIBUTIONS
2025
Record
Date		 Calculated
Date		 Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
03/26/25 03/26/25 03/27/25 $0.0544 $0.00 $0.00 $0.00 $18.29
06/25/25 06/25/25 06/26/25 $0.0903 $0.00 $0.00 $0.00 $19.22
09/25/25 09/25/25 09/26/25 $0.086 $0.00 $0.00 $0.00 $20.15
2025 Year-to-Date: Dividends Subtotal: $0.2307 Cap Gains Subtotal: $0.00
Total Distributions: $0.2307

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.00%
Other Expenses 0.06%
Acquired (Underlying) Fund Fees and Expenses 0.34%
Service 12b-1 0.26%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

BLPAX 0.66%
Lipper Mixed-Asset Target Allocation Growth Funds Average
1.00%
Fund as of most recent prospectus. Lipper Category as of 9/30/25 (updated quarterly).