RLBAX Mutual Fund — American Funds American Balanced Fund® Class R-1

American Funds American Balanced Fund® Class R-1 (RLBAX)

Updated October 16, 2026.

RLBAX is a Mutual Fund. its distribution rate is 6.54%, its trailing-12-month yield is 6.54%, its expense ratio is 1.32%. Dividend Vision Distribution Safety Score™ is 62/100 (Generally safe). Total return is 461.9% over the past 24.4 years, 547.7 points behind SPY at 1009.6%.

American Balanced Fund® Class R-1 is a mutual fund that employs a balanced strategy, combining common stocks (many with dividend histories) and investment-grade bonds, including U.S. government securities and international securities, to provide both growth and income. The fund carries a very modest current distribution rate and makes distributions quarterly, with an expense ratio of 1.32%. It appeals to investors seeking a diversified, balanced approach rather than aggressive growth or pure income generation.

RLBAX performance versus SPY

Price and return data through 2026-10-16.

Total return is 461.9% over the past 24.4 years, 547.7 points behind SPY at 1009.6%. Over the past year its total return — price change plus distributions reinvested — is 10.2%. Its deepest 1-year drawdown was 7.1%.

RLBAX key facts

Distribution Safety Score™

62 · Generally safe

Safety-Adjusted Yield

4.05%

Issuer

Capital Group

Asset type

Mutual Fund

Asset class

Equity

Expense ratio

1.32%

Distribution rate

6.54%

Distribution frequency

Quarterly

Trailing yield

6.54%

Last close

$39.72 (as of 2026-10-16)

NAV

$41.60 as of 2026-09-30; source eodhd (stale)

Premium / discount

N/A (price 2026-10-16, NAV 2026-09-30) (NAV stale)

AUM

$135,335,960,576

Average volume

0.0

Dividend

$0.031

Ex-dividend date

09/14/2026

Beta

0.95

How Dividend Vision calculates yield and returns

Distribution rate (6.54%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (6.54%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Capital Group or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

RLBAX risks and drawbacks

Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 7.1%.

Who may consider RLBAX — and who may not

It is a weaker fit for investors who need monthly cash flow (RLBAX pays quarterly); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

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Tagged: Mutual Fund.

Frequently asked questions

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