American Funds Global Balanced Fund - American Funds/Capital Group

Shareclass

American Funds Global Balanced Fund Class R-2 (RGBBX)

Type

Open-end mutual fund

Manager

Filing

NPORT filing 31 Oct 2025

Deforestation grade: Fund is invested in deforestation-risk agricultural commodity producer/traders, above the threshold of 0.5% and below 1.5%. Assigned a grade of D.
How we track deforestation-risk investments

7.33%

INVESTED IN DEFORESTATION-RISK COMPANIES

AGRIBUSINESS

deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy

BANKS AND LENDERS

that finance deforestation-risk agribusiness producers via lending and underwriting

MAJOR CONSUMER BRANDS

that use deforestation-risk agribusiness commodities in products

holdings flagged

7.32%

of assets flagged

This fund contains

$2.23 BILLION invested

in holdings flagged for deforestation risk

American Funds, owned by Capital Group, has huge investments in companies like Pepsico, Yum Brands, Hormel, McDonald's and Procter & Gamble that use palm oil, cattle and paper pulp in their products but have failed to eliminate deforestation from their operations. This means Capital Group has a key role to play in voting for No Deforestation policies at these companies and engaging with company management to make sure these policies are implemented. Tell Capital Group to adopt a No Deforestation Policy!

Sign the petition

Commodity producers

2 holdings

0.53% of assets

$160.55 MILLION invested

Banks and lenders

8 holdings

3.63% of assets

$1.1 BILLION invested

Major consumer brands

6 holdings

3.16% of assets

$961.64 MILLION invested

Commodity producers

2 HOLDINGS

Companies that produce and trade palm oil, paper/pulp, rubber, timber, cattle, and soy, and have a past record or a significant risk of contributing to deforestation, land grabbing, and human rights abuses. Investing in any of these companies assigns a fund a grade of C if total producer exposure is below the threshold of 0.5%; a grade of D if below 1.5%; and a grade of F if above 1.5%.

2 HOLDINGS

% of portfolio
$ invested
1. ITOCHU Corp
0.33%0.33% of portfolio
$100.88M$100.88M invested
2. International Paper Co
0.2%0.2% of portfolio
$59.67M$59.67M invested

Banks and lenders

8 HOLDINGS

Financial institutions directly and indirectly involved in underwriting and lending to deforestation-risk producers and traders. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).

8 HOLDINGS

% of portfolio
$ invested
1. ING Groep NV
0.73%0.73% of portfolio
$222.75M$222.75M invested
2. Standard Chartered PLC
0.71%0.71% of portfolio
$215.85M$215.85M invested
3. Banco Bilbao Vizcaya Argentaria SA
0.63%0.63% of portfolio
$190.68M$190.68M invested
4. JPMorgan Chase & Co
0.46%0.46% of portfolio
$139.49M$139.49M invested
5. Morgan Stanley
0.39%0.39% of portfolio
$119.17M$119.17M invested

View next 3

Major consumer brands

6 HOLDINGS

Consumer goods retailers that source palm oil, paper/pulp, rubber, timber, cattle, and soy from deforestation-risk producers and traders and sell it to consumers worldwide. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).

6 HOLDINGS

% of portfolio
$ invested
1. Amazon.com Inc
1.68%1.68% of portfolio
$511.73M$511.73M invested
2. Shell PLC
0.38%0.38% of portfolio
$116.42M$116.42M invested
3. LVMH Moet Hennessy Louis Vuitton SE
0.38%0.38% of portfolio
$114.62M$114.62M invested
4. Starbucks Corp
0.34%0.34% of portfolio
$102.91M$102.91M invested
5. Nestle SA
0.21%0.21% of portfolio
$63.82M$63.82M invested

View next 1

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DATA AS OF 31 Oct 2025

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American Funds Global Balanced Fund - American Funds/Capital Group RGBBX

Environment

Fossil fuels

Coal/oil/gas energy, fossil-fired utilities, related financial companies

Deforestation

Deforestation-risk agriculture, related financial companies, consumer brands

Social

Gender equality

Gender equality scorecard group ranking

N/A

Diversity disclosures

Diversity disclosures scorecard group ranking

N/A

Racial justice

Racial justice scorecard group ranking

N/A

LGBTQ+ equity

LGBTQ+ equity scorecard group ranking

N/A

Civilian firearms

Civilian firearms manufacturers, related gun retailers

Prison industrial complex

Prisons and borders industry, including private prison operators

Military weapons

Military arms manufacturers, including nuclear weapons, controversial weapons

Tobacco

Tobacco companies, and tobacco-promoting entertainment companies

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