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 $18.09 as of 8/14/2024 (updated daily)
Fund Assets (millions) $14,160.8
Portfolio Solutions Committee Members 7
Expense Ratio
(Gross/Net %) 0.65 / 0.65%
Underlying Funds
| Growth | 10% | |
| New Perspective Fund® | 5.1% | |
| SMALLCAP World Fund® | 4.9% | |
| Growth-and-Income | 25.3% | |
| Capital World Growth and Income Fund® | 10% | |
| Washington Mutual Investors Fund | 15.3% | |
| Equity-Income | 10.1% | |
| The Income Fund of America® | 10.1% | |
| Balanced | 40.1% | |
| American Balanced Fund® | 25.2% | |
| American Funds® Global Balanced Fund | 14.9% | |
| Bond | 14.4% | |
| American Funds® Multi-Sector Income Fund | 4.8% | |
| American Funds® Strategic Bond Fund | 4.8% | |
| The Bond Fund of America® | 4.8% |
As of 7/31/2024(updated monthly)
QUARTERLY HOLDINGS
Asset Mix
| U.S. Equities47.7% | Non-U.S. Equities19.1% | ||
| U.S. Bonds23.4% | Non-U.S. Bonds5.5% | ||
| Cash & Equivalents 4.2% |
| U.S. Equities47.7% | |
| Non-U.S. Equities19.1% | |
| U.S. Bonds23.4% | |
| Non-U.S. Bonds5.5% | |
| Cash & Equivalents 4.2% |
As of 7/31/2024(updated monthly)
Fund Statistics
| 5.7 years Effective Duration | 5% Average Yieldto Worst | 4.5% Average Coupon |
% of net assets as of 7/31/2024 (updated monthly)
Market Capitalization
78.7%
Large
17.4%
Medium
3.9%
Small
$123,893.80 Million
Weighted Average
As of6/30/2024 (updated quarterly). Morningstar data as of6/30/2024 (updated quarterly).
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Growth of 10K
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High & Low Prices
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.
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BLPAX
S&P 500 Index
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High & Low Prices
Internal Prompt
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Returns at NAV
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Returns with Sales Charge
Returns at NAV
Returns with Sales Charge
Read important investment disclosures
6.96%
1-year return
6.78%
5-year return
6.65%
10-year return
1.78%
30-Day SEC Yield
Returns as of 7/31/24 (updated monthly). Yield as of 7/31/24 (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 7/31/2024 | $14,160.8 |
| Companies/Issuers Holdings are as of 7/31/2024 (updated monthly). | 3141+ |
| Shareholder Accounts Shareholder accounts are as of 7/31/2024 | 176,614 |
| Regular Dividends Paid | Mar, Jun, Sep, Dec |
| Minimum Initial Investment | $250 |
| Capital Gains Paid | Dec |
| Portfolio Turnover (2023) | 9% |
| Fiscal Year-End | Oct |
| Prospectus Date | 01/01/2024 |
| CUSIP | 02630Y 26 5 |
| Fund Number | 50 |
Internal Prompt
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Month-End Returns as of 7/31/24
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Quarter-End Returns as of 6/30/24
ANNUAL RETURNS CHART
Month-End Returns as of 7/31/24
|
With Sales ChargeRead important investment disclosures
BLPAX
S&P 500 Index
ANNUAL RETURNS CHART
Quarter-End Returns as of 6/30/24
Internal Prompt
Volatility & Return
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Read important investment disclosures
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 07/31/2024 (updated monthly) . Annualized return as of 07/31/2024 (updated monthly).
VIEW LARGER CHART
Internal Prompt
Yield
| 12-month | ||
| Distribution Rates | 30-day SEC Yield | |
| Fund at NAV | 2.19% | N/A |
| Fund at MOP | 2.06% | 1.78% |
As of 7/31/2024 (updated monthly)
Valuation
| Price/ | Price/ | Price/ | |
| Book | Cash Flow | Earnings | |
| Fund | 3.13 | 12.53 | 18.31 |
| S&P 500 Index | 4.20 | 15.00 | 22.20 |
Fund as of 6/30/24. Index as of 6/30/24.
Portfolio Solutions Committee
Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Alan N. Berro383312
Michelle J. Black29224
Brittain Ezzes2621
Samir Mathur31114
Wesley K. Phoa302512
John R. Queen34224
Andrew B. Suzman303012
| Alan N. Berro | 12 | 33 | 38 | |
| Michelle J. Black | 4 | 22 | 29 | |
| Brittain Ezzes | 1 | 2 | 26 | |
| Samir Mathur | 4 | 11 | 31 | |
| Wesley K. Phoa | 12 | 25 | 30 | |
| John R. Queen | 4 | 22 | 34 | |
| Andrew B. Suzman | 12 | 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(680) |  |
| 3-yr. Morningstar RatingTM (680 funds rated) | |
| 5-yr. Morningstar RatingTM (644 funds rated) | |
| 10-yr. Morningstar RatingTM (490 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 7/31/2024 (updated monthly).
Risk Measures
| Fund | |||
| Standard Deviation | 10.12 | ||
| Sharpe Ratio | 0.58 | ||
| For the 10 Years ending 7/31/24 (updated monthly). | |||
| American Funds Benchmark | Morningstar Benchmark | ||
| S&P 500 Index | Morningstar Mod Tgt Risk TR USD | ||
| R-squared | 92 | 98 | |
| Beta | 0.63 | 1.00 | |
| Capture Ratio (Downside/Upside) | 68/62 | 98/107 | |
| American Funds Benchmark for the 10 Years ending 7/31/24 (updated monthly). Morningstar Benchmark for the 10 Years ending 7/31/24 (updated monthly). | |||
Quality Summary
Read important investment disclosures
U.S. Treasuries/Agencies
4.1%
AAA/Aaa
9.2%
AA/Aa
1.6%
A
4.9%
BBB/Baa
4.6%
BB/Ba
2.4%
B
1.1%
CCC & Below
0.3%
Unrated
0.7%
Cash & equivalents
4.3%
% of net assets as of 7/31/2024 (updated monthly)
Average Life Breakdown
0-4.9 Years
11.9%
5-9.9 Years
11.9%
10-19.9 Years
2.6%
20-29.9 Years
1.8%
30+ Years
0.2%
% of net assets as of 6/30/2024 (updated monthly)
Equities Breakdown
Bonds Breakdown
Equities Breakdown
Sectors | Top Industries
Equity Fund Holdings
| Information technology 13.4% | |
| Financials 9.6% | |
| Health care 9.5% | |
| Industrials 8.7% | |
| Consumer staples 5.5% | |
| Consumer discretionary 5.5% | |
| Communication services 4.7% | |
| Energy 3.6% | |
| Materials 2.8% | |
| Utilities 2.2% | |
| Real estate 1.3% |
%of net assets as of 7/31/2024(updated monthly)
Bonds Breakdown
Go to the underlying fund pages to see detailed holdings information.
- Growth Funds
- New Perspective Fund®
- SMALLCAP World Fund®
- Growth-and-Income Funds
- Capital World Growth and Income Fund®
- Washington Mutual Investors Fund
- Equity-Income Funds
- The Income Fund of America®
- Balanced Funds
- American Balanced Fund®
- American Funds® Global Balanced Fund
- Bond Funds
- American Funds® Multi-Sector Income Fund
- American Funds® Strategic Bond Fund
- The Bond Fund of America®
Geographic Breakdown
Regions
United States
71.2%
Europe
12.8%
Asia & Pacific Basin
6.5%
Other (Including Canada & Latin America)
5.3%
Cash & equivalents
4.2%
% of net assets as of 7/31/2024 (updated monthly)
Prices & Distributions
Internal Prompt
-
Historical Prices Month-End
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Historical Prices Year-End
FIND HISTORICAL PRICES
Historical Prices Month-End
| 2024 |
FIND HISTORICAL PRICES
Historical Prices Year-End
Internal Prompt
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Historical Distributions as of 08/14/24
Historical Distributions as of 08/14/24
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 |
| 03/25/24 | 03/25/24 | 03/26/24 | $0.0504 | $0.00 | $0.00 | $0.00 | $17.53 |
| 06/25/24 | 06/25/24 | 06/26/24 | $0.0881 | $0.00 | $0.00 | $0.00 | $17.82 |
| 2024 Year-to-Date: | Dividends Subtotal: $0.1385 | Cap Gains Subtotal: $0.00 | |||||
| Total Distributions: $0.1385 | |||||||
Daily Dividend Accrual
for Pay Date
Close
| Rate | As of Date |
|---|---|
| 0.00000000 | 06/26/2024 |
| 0.00000000 | 06/27/2024 |
| 0.00000000 | 06/28/2024 |
| 0.00000000 | 07/01/2024 |
| 0.00000000 | 07/02/2024 |
| 0.00000000 | 07/03/2024 |
| 0.00000000 | 07/05/2024 |
| 0.00000000 | 07/08/2024 |
| 0.00000000 | 07/09/2024 |
| 0.00000000 | 07/10/2024 |
| 0.00000000 | 07/11/2024 |
| 0.00000000 | 07/12/2024 |
| 0.00000000 | 07/15/2024 |
| 0.00000000 | 07/16/2024 |
| 0.00000000 | 07/17/2024 |
| 0.00000000 | 07/18/2024 |
| 0.00000000 | 07/19/2024 |
| 0.00000000 | 07/22/2024 |
| 0.00000000 | 07/23/2024 |
| 0.00000000 | 07/24/2024 |
| 0.00000000 | 07/25/2024 |
| 0.00000000 | 07/26/2024 |
| 0.00000000 | 07/29/2024 |
| 0.00000000 | 07/30/2024 |
| 0.00000000 | 07/31/2024 |
| 0.00000000 | 08/01/2024 |
| 0.00000000 | 08/02/2024 |
| 0.00000000 | 08/05/2024 |
| 0.00000000 | 08/06/2024 |
| 0.00000000 | 08/07/2024 |
| 0.00000000 | 08/08/2024 |
| 0.00000000 | 08/09/2024 |
| 0.00000000 | 08/12/2024 |
| 0.00000000 | 08/13/2024 |
| 0.00000000 | 08/14/2024 |
FIND HISTORICAL DISTRIBUTIONS
Current Daily
Dividend Accrual
Close
| Rate | As of-Date | |
|---|---|---|
| 0.00000000 | 06/26/2024 | |
| 0.00000000 | 06/27/2024 | |
| 0.00000000 | 06/28/2024 | |
| 0.00000000 | 07/01/2024 | |
| 0.00000000 | 07/02/2024 | |
| 0.00000000 | 07/03/2024 | |
| 0.00000000 | 07/05/2024 | |
| 0.00000000 | 07/08/2024 | |
| 0.00000000 | 07/09/2024 | |
| 0.00000000 | 07/10/2024 | |
| 0.00000000 | 07/11/2024 | |
| 0.00000000 | 07/12/2024 | |
| 0.00000000 | 07/15/2024 | |
| 0.00000000 | 07/16/2024 | |
| 0.00000000 | 07/17/2024 | |
| 0.00000000 | 07/18/2024 | |
| 0.00000000 | 07/19/2024 | |
| 0.00000000 | 07/22/2024 | |
| 0.00000000 | 07/23/2024 | |
| 0.00000000 | 07/24/2024 | |
| 0.00000000 | 07/25/2024 | |
| 0.00000000 | 07/26/2024 | |
| 0.00000000 | 07/29/2024 | |
| 0.00000000 | 07/30/2024 | |
| 0.00000000 | 07/31/2024 | |
| 0.00000000 | 08/01/2024 | |
| 0.00000000 | 08/02/2024 | |
| 0.00000000 | 08/05/2024 | |
| 0.00000000 | 08/06/2024 | |
| 0.00000000 | 08/07/2024 | |
| 0.00000000 | 08/08/2024 | |
| 0.00000000 | 08/09/2024 | |
| 0.00000000 | 08/12/2024 | |
| 0.00000000 | 08/13/2024 | |
| 0.00000000 | 08/14/2024 |
Internal Prompt
Fees
| Annual Management Fees | 0.00% |
| Other Expenses | 0.06% |
| Acquired (Underlying) Fund Fees and Expenses | 0.34% |
| Service 12b-1 | 0.25% |
As of each fund's most recent prospectus.
Internal Prompt
Expense Ratio
| BLPAX | 0.65% |
| Lipper Mixed-Asset Target Allocation GrowthFunds Average | 1.02% |
Fund as of most recent prospectus. Lipper Category as of 6/30/24 (updated quarterly).
Resources
Prospectuses & Reports for BLPAX
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Quarterly Fund Fact Sheet (PDF) 07/24
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Fund Commentary (PDF) 05/24
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Semi-Annual Report
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Annual Report
About Our Funds
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Share Class Pricing Details
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Stats Update (PDF)
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Resource Guide (PDF)
