Annual Report - American Balanced Fund - American Funds

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Other officers 5Year firstelectedName, year of birth and an officer Principal occupation(s) during past five years and positions held with affiliated entitiesposition with fund of the fund 2 or the principal underwriter of the fundHilda L. Applbaum, 1961 1999 Partner — Capital World Investors, Capital Research and Management CompanySenior Vice PresidentJeffrey T. Lager, 1968 2002 Partner — Capital World Investors, Capital Research and Management Company;Senior Vice President Director, American Funds Service Company 6James R. Mulally, 1952 2009 Partner — Capital Fixed Income Investors, Capital Research and Management CompanySenior Vice PresidentPaul F. Roye, 1953 2007 Senior Vice President — Fund Business Management Group, Capital Research and Management Company;Senior Vice President Director, American Funds Service Company 6John H. Smet, 1956 2000 Partner — Capital Fixed Income Investors, Capital Research and Management Company;Senior Vice PresidentDirector, Capital Research and Management CompanyPaul R. Benjamin, 1979 2014 Vice President — Capital World Investors, Capital Research and Management CompanyVice PresidentAlan N. Berro, 1960 2010 Partner — Capital World Investors, Capital Research and Management CompanyVice PresidentDonald H. Rolfe, 1972 2012 Chief Compliance Officer, Capital Research Company 6 ; Chief Compliance Officer, Capital Research andVice PresidentManagement Company; Vice President and Senior Counsel — Fund Business Management Group,Capital Research and Management CompanyRichmond A. Wolf, 1970 2014 Vice President — Capital World Investors, Capital Research and Management CompanyVice PresidentMichael W. Stockton, 1967 2014 Vice President — Fund Business Management Group, Capital Research and Management CompanySecretaryJeffrey P. Regal, 1971 2011 Vice President — Investment Operations, Capital Research and Management CompanyTreasurerViviane T. Russo, 1981 2014 Associate — Fund Business Management Group, Capital Research and Management CompanyAssistant SecretaryDori Laskin, 1951 2011 Vice President — Investment Operations, Capital Research and Management CompanyAssistant TreasurerAri M. Vinocor, 1974 2012 Vice President — Investment Operations, Capital Research and Management CompanyAssistant Treasurer1The term independent trustee refers to a trustee who is not an “interested person” of the fund within the meaning of the Investment Company Act of 1940.2Trustees and officers of the fund serve until their resignation, removal or retirement.3This includes all directorships/trusteeships (other than those in the American Funds or other funds managed by Capital Research and ManagementCompany or its affiliates) that are held by each trustee as a trustee or director of a public company or a registered investment company.4The term interested trustee refers to a trustee who is an “interested person” within the meaning of the Investment Company Act of 1940, on the basisof their affiliation with the fund’s investment adviser, Capital Research and Management Company, or affiliated entities (including the fund’s principalunderwriter).5All of the directors/trustees and/or officers listed, except Paul R. Benjamin, James R. Mulally and Richmond A. Wolf, are officers and/or directors/trustees ofone or more of the other funds for which Capital Research and Management Company serves as investment adviser.6Company affiliated with Capital Research and Management Company.36 American Balanced Fund
Office of the fund6455 Irvine Center DriveIrvine, CA 92618-4518Investment adviserCapital Research and Management Company333 South Hope StreetLos Angeles, CA 90071-14066455 Irvine Center DriveIrvine, CA 92618-4518Transfer agent for shareholder accountsAmerican Funds Service Company(Write to the address near you.)P.O. Box 6007Indianapolis, IN 46206-6007P.O. Box 2280Norfolk, VA 23501-2280Custodian of assetsJPMorgan Chase Bank270 Park AvenueNew York, NY 10017-2070CounselMorgan, Lewis & Bockius LLP355 South Grand Avenue, Suite 4400Los Angeles, CA 90071-3106Independent registered publicaccounting firmDeloitte & Touche LLP695 Town Center DriveSuite 1200Costa Mesa, CA 92626-7188Principal underwriterAmerican Funds Distributors, Inc.333 South Hope StreetLos Angeles, CA 90071-1406Investors should carefully consider investment objectives, risks, chargesand expenses. This and other important information is contained in the fundprospectus and summary prospectus, which can be obtained from your financialprofessional and should be read carefully before investing. You may also callAmerican Funds Service Company (AFS) at (800) 421-4225 or visit the AmericanFunds website at americanfunds.com.“American Funds Proxy Voting Procedures and Principles” — which describes how we voteproxies relating to portfolio securities — is available on the American Funds website orupon request by calling AFS. The fund files its proxy voting record with the U.S. Securitiesand Exchange Commission (SEC) for the 12 months ended June 30 by August 31. Theproxy voting record is available free of charge on the SEC website at sec.gov and on theAmerican Funds website.A complete December 31, 2014, portfolio of American Balanced Fund’s investmentsis available free of charge by calling AFS or visiting the SEC website (where it is part ofForm N-CSR).American Balanced Fund files a complete list of its portfolio holdings with the SEC forthe first and third quarters of each fiscal year on Form N-Q. This filing is available freeof charge on the SEC website. You may also review or, for a fee, copy this filing at theSEC’s Public Reference Room in Washington, D.C. Additional information regarding theoperation of the Public Reference Room may be obtained by calling the SEC’s Office ofInvestor Education and Advocacy at (800) SEC-0330. Additionally, the list of portfolioholdings is available by calling AFS.This report is for the information of shareholders of American Balanced Fund, but italso may be used as sales literature when preceded or accompanied by the currentprospectus or summary prospectus, which gives details about charges, expenses,investment objectives and operating policies of the fund. If used as sales material afterMarch 31, 2015, this report must be accompanied by an American Funds statisticalupdate for the most recently completed calendar quarter.
Page 3 and 4: Special feature6 We take an active
Page 6: The value of along-term perspective
Page 9 and 10: Greg JohnsonPortfolio ManagerHilda
Page 11 and 12: John SmetPortfolio ManagerWesley Ph
Page 13 and 14: Four of our investment analysts des
Page 15 and 16: SharesValue(000)Nestlé SA 2 8,140,
Page 17 and 18: Principal amount(000)Value(000)Gene
Page 19 and 20: for the year ended December 31, 201
Page 21 and 22: Dividends and distributions to shar
Page 23 and 24: Investing in the fund may involve c
Page 25 and 26: As of December 31, 2014, the tax-ba
Page 27 and 28: For the year ended December 31, 201
Page 29 and 30: Financial highlightsIncome (loss) f
Page 31 and 32: Income (loss) frominvestment operat
Page 33 and 34: Expense exampleunauditedAs a fund s
Page 35 and 36: Approval of Investment Advisory and
Page 37: Board of trustees and other officer

Annual Report - American Balanced Fund - American Funds

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