Investment Fund

Share Class

Summary

Internal Prompt
A balanced approach to global growth-and-income investing. This globally diversified balanced fund has the ability to invest between 45% and 75% in equities, with an emphasis on well-established companies. The diversified and predominantly high-quality fixed income portion of the portfolio has the potential to provide income and limit volatility.
Price at NAV $37.64 as of 5/07/2025 (updated daily)
Fund Assets (millions) $25,669.6
Portfolio Managers
5
Expense Ratio
(Gross/Net %)
0.81 / 0.81%
Prospectus
Internal Prompt

Returns at NAV

Returns with Sales Charge

Read important investment disclosures
2.30%
1-year return
5.59%
5-year return
4.27%
10-year return
2.37%
30-Day SEC Yield
Returns as of 4/30/25 (updated monthly). Yield as of 3/31/25 (updated monthly).

Asset Mix

U.S. Equities36.6%
Non-U.S. Equities24.5%
U.S. Bonds16.7%
Non-U.S. Bonds15.3%
Cash & Equivalents
6.9%
As of 3/31/2025 (updated monthly)

Growth of 10K

Read important investment disclosures
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 12/31/2023.
GBLAX
Global Balanced Historical Benchmarks Index
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High & Low Prices

Market Capitalization

86.2%
Large
13.4%
Medium
0.4%
Small
$420,413.00 Million
Weighted Average


As of 3/31/2025 (updated quarterly). FactSet data as of 3/31/2025 (updated quarterly).

Morningstar Ownership ZoneTM

Global Moderate Allocation
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as of 3/31/25 (updated quarterly)
INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

Fund Statistics

6 years
Effective Duration
5.2%
Average Yield
to Worst
4%
Average Coupon
% of net assets as of 3/31/2025 (updated monthly)

Morningstar Style BoxTM— Fixed-Income

Medium Quality
Moderate Interest-Rate Sensitivity
Morningstar data as of 3/31/25 (updated quarterly)

Description

Fund Objective
This fund seeks the balanced accomplishment of three objectives: long-term growth of capital, conservation of principal and current income.
Distinguishing Characteristics
This globally diversified balanced fund has the ability to invest generally between 45% and 75% of its assets in equities, with an emphasis on well-established companies, including those paying dividends and those with attractive growth prospects. The diversified and predominantly high-quality fixed income portion of the portfolio has the potential to provide income and limit volatility.
Types of Investments
The fund normally maintains at least 45% of its assets in common stocks and other equity investments, with a focus on medium- and larger-sized companies. Typically, the fund also invests at least 25% of its assets in investment-grade (BBB/Baa and above) fixed-income securities (or unrated, but determined by the fund’s investment adviser to be of equivalent quality), including government/agency, corporate, mortgage- and asset-backed securities and money market instruments.
Holdings Outside the U.S.
The fund normally invests a significant portion of its assets outside the United States, including in emerging market countries. Under normal market conditions, the fund will invest at least 40% of net assets outside of the U.S. (or at least the level of the MSCI ACWI Index’s ex-U.S. exposure minus 5%, whichever is lower).
Portfolio Restrictions
Most of the fund's fixed-income securities are investment-grade (rated BBB-/Baa3 or better, or unrated but determined to be of equivalent quality by the fund's investment adviser). However, the fund may invest up to 5% of its assets in lower quality, higher yielding debt securities (rated BB+/Ba1 or below, or unrated but determined to be of equivalent quality), including securities convertible into common stocks.

Fund Facts

Fund Inception 2/01/2011
Fund Assets (millions)
As of 3/31/2025
 $25,669.6
Companies/Issuers
Holdings are as of 3/31/2025 (updated monthly).
 433+
Shareholder Accounts
Shareholder accounts are as of 3/31/2025
 170,925
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2024) 114%
Fiscal Year-End Oct
Prospectus Date 01/01/2025
CUSIP 02629W 10 6
Fund Number 37

Returns

Internal Prompt

Month-End Returns as of 4/30/25

Returns at NAV
| With Sales Charge
Read important investment disclosures
GBLAX
Global Balanced Historical Benchmarks Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 3/31/25

Internal Prompt

Volatility & Return

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For Class A Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
GBLAX
Global Balanced Historical Benchmarks Index
Other AF Funds
Standard Deviation as of 04/30/2025 (updated monthly) . Annualized return as of 04/30/2025 (updated monthly) .
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Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 1.98% N/A
Fund at MOP 1.87% 2.37%
As of 3/31/2025 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 2.77 10.52 16.20
Global Balanced Historical Benchmarks Index
-- -- --
Fund as of 3/31/25. Index as of --.

Portfolio Management

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Alfonso Barroso 12 30 31
Philip Chitty 2 21 30
Andrew A. Cormack 6 6 20
Bradford F. Freer 5 31 34
Winnie Kwan 12 25 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(453)
3-yr. Morningstar RatingTM
(453 funds rated)
5-yr. Morningstar RatingTM
(423 funds rated)
10-yr. Morningstar RatingTM
(321 funds rated)
Overall Morningstar Risk Average
HIGH
LOW
Category
Global Moderate Allocation
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 4/30/2025 (updated monthly).

Risk Measures

Fund
Standard Deviation
10.13
Sharpe Ratio
0.33
For the 10 Years ending 4/30/25 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
Global Balanced Historical Benchmarks Index
Morningstar Mod Tgt Risk TR USD
R-squared
96 95
Beta
0.95 0.98
Capture Ratio (Downside/Upside)
97/94 102/95
American Funds Benchmark for the 10 Years ending 3/31/25 (updated monthly).
Morningstar Benchmark for the 10 Years ending 4/30/25 (updated monthly).
U.S. Treasuries/Agencies
17.6%
AAA/Aaa
29.2%
AA/Aa
8.7%
A
19.6%
BBB/Baa
18.3%
BB/Ba
4.0%
B
0.2%
Unrated
2.3%
% of net assets as of 3/31/2025 (updated monthly)

Average Life Breakdown

0-4.9 Years
13.8%
5-9.9 Years
13.7%
10-19.9 Years
1.8%
20-29.9 Years
2.5%
30+ Years
0.2%
% of net assets as of 3/31/2025 (updated monthly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Financials 10.4%
Health care 9.7%
Information technology 8.7%
Industrials 8.3%
Consumer discretionary 4.8%
Consumer staples 4.6%
Communication services 4.2%
Materials 3.8%
Utilities 3.6%
Energy 2.3%
Real estate 0.8%

% of net assets as of 3/31/2025 (updated monthly)

Bonds Breakdown

Top Equities

Broadcom
2.2%
Microsoft
2.1%
Meta Platforms
1.9%
Rtx Corp
1.8%
Alphabet
1.6%
Sanofi
1.4%
TSMC
1.4%
Apple
1.3%
Amazon.com
1.2%
Freeport-McMoRan
1.2%

% of net assets as of 3/31/2025 (updated monthly)

Geographic Breakdown

Regions | Top Countries
United States
53.3%
Europe
21.2%
Asia & Pacific Basin
11.0%
Other (Including Canada & Latin America)
7.6%
Cash & equivalents
6.9%
% of net assets as of 3/31/2025 (updated monthly)

The New Geography of Investing ®

Equity Portion Breakdown by Domicile | Equity Portion Breakdown by Revenue
Regions Fund
Global Balanced Historical Benchmarks Index
United States 59.9% --
Canada 3.1% --
Europe 24.0% --
Japan 4.1% --
Asia-Pacific ex. Japan 0.8% --
Emerging Markets 8.1% --

% of net assets as of 3/31/2025 (updated monthly)

Fund Breakdown by Domicile

Regions Fund
Global Balanced Historical Benchmarks Index
United States 36.7% --
Canada 1.9% --
Europe 14.7% --
Japan 2.5% --
Asia-Pacific ex. Japan 0.5% --
Emerging Markets 5.0% --
Cash & Equivalents
7.0% --
Fixed Income 31.8% --

% of net assets as of 3/31/2025 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

2025

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 05/07/25

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
03/21/25 03/21/25 03/24/25 $0.18 $0.00 $0.00 $0.00 $37.47
2025 Year-to-Date: Dividends Subtotal: $0.18 Cap Gains Subtotal: $0.00
Total Distributions: $0.18

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.43%
Other Expenses 0.13%
Service 12b-1 0.25%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

GBLAX 0.81%
Lipper Flexible Portfolio Funds Average
1.12%
Fund as of most recent prospectus. Lipper Category as of 3/31/25 (updated quarterly).