Fund Description

The fund was incepted in July 1975 and is managed by Capital Research and Management Company. The fund seeks to provide conservation of capital, current income and long-term growth of capital and income by investing in stocks, bonds and other fixed-income securities. This fund takes a balanced approach and is managed as if it constituted the complete investment program of the prudent investor. This fund invests primarily in common stocks and preferred stocks, bonds, convertibles and cash. This fund may invest up to 10% of assets in securities of issuers domiciled outside the United States and not included in the S&P 500. The fund does not invest more than 75% of assets in common stocks. All of the fund's fixed-income investments are investment-grade at the time of purchase. Dividends are distributed quarterly in February, May, August and December. Capital gains are distributed in February and December.