Annual Report - American Balanced Fund - American Funds

Summary investment portfolio December 31, 2014 Percent of net assetsEquity securities 66.90%Bonds, notes & other debtinstruments 27.82%Short-term securities & other assets lessliabilities 5.28%Common stocks 66.90%SharesValue(000)Financials12.36%Wells Fargo & Co. 30,902,000 $1,694,048Berkshire Hathaway Inc., Class A 1 6,580 1,487,080JPMorgan Chase & Co. 20,651,000 1,292,339American Express Co. 11,300,000 1,051,352ACE Ltd. 5,095,000 585,314Citigroup Inc. 9,500,000 514,045Weyerhaeuser Co. 1 13,115,242 470,706SunTrust Banks, Inc. 11,000,000 460,900Capital One Financial Corp. 5,569,000 459,721Other securities 1,827,0349,842,539Consumerdiscretionary9.93%Comcast Corp., Class A 36,050,000 2,091,260Home Depot, Inc. 16,929,349 1,777,074Amazon.com, Inc. 1 4,119,500 1,278,487Twenty-First Century Fox, Inc., Class A 25,156,900 966,151Walt Disney Co. 5,220,000 491,672Other securities 1,304,9667,909,610Informationtechnology8.84%Microsoft Corp. 59,655,000 2,770,975Texas Instruments Inc. 11,232,000 600,519ASML Holding NV (New York registered) 4,055,401 437,294ASML Holding NV 2 1,470,405 157,534Cisco Systems, Inc. 18,250,000 507,624TE Connectivity Ltd. 7,805,000 493,666Other securities 2,076,5707,044,182Industrials8.49%Boeing Co. 12,695,000 1,650,096Lockheed Martin Corp. 6,574,037 1,265,962Union Pacific Corp. 7,040,000 838,675General Electric Co. 23,650,000 597,635Parker-Hannifin Corp. 4,100,000 528,695United Technologies Corp. 3,690,000 424,350Other securities 1,459,4116,764,824Consumer staples7.61%Philip Morris International Inc. 14,750,000 1,201,387Coca-Cola Co. 27,663,000 1,167,932Procter & Gamble Co. 9,935,000 904,979PepsiCo, Inc. 8,766,000 828,913Costco Wholesale Corp. 5,677,326 804,7612 12 American Balanced Fund