Asset Allocation Fund
Data updated: 2026-05-28
C000023929 — Asset Allocation Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. United States Large Cap Blend / Core Equity · $26.33B AUM · 0.29% expense ratio · 14.6% 1-yr return. From SEC regulatory filings.
C000023929 Fund Overview
Asset Allocation Fund is a US mutual fund managed by American Funds Insurance Series, categorised as United States Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: American Funds Insurance Series
- Category: United States Large Cap Blend / Core Equity
- Assets under management: $26.33B
- 1-year return: 14.6%
- SEC CIK: 0000729528
- SEC series ID: S000008796
- Share class ID: C000023929
C000023929 Holdings
Top 10 holdings of Asset Allocation Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Capital Group Central Cash Fund | 4.87% |
| Broadcom, Inc. | 4.21% |
| Capital Group Central Corporate Bond Fund | 3.19% |
| Microsoft Corp. | 2.61% |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 2.51% |
| Philip Morris International, Inc. | 2.25% |
| Invesco - Short-Term Investments Trust - Government And Agency Portfolio | 1.95% |
| Apple, Inc. | 1.44% |
| Alphabet, Inc. | 1.28% |
| NVIDIA Corp. | 1.28% |
C000023929 Portfolio Allocation
Asset-class allocation of Asset Allocation Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 67.9% |
| Fixed Income | 18.5% |
| Securitized | 9.8% |
| Cash & Equivalents | 4.9% |
| Loans | 0.1% |
C000023929 Performance
Total returns for C000023929 (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -2.0% |
| 1 year | 14.6% |
| 3 years (annualised) | 14.2% |
| 5 years (annualised) | 7.9% |
C000023929 Risk Information
Risk metrics for C000023929, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.8%
C000023929 Costs and Fees
C000023929 costs about $29 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.29%
- Gross expense ratio: 0.29%
- Portfolio turnover: 115%
- Brokerage commissions: 0.81 bps of average net assets (SEC N-CEN)
C000023929 Cashflows
Over the 12 months to 2026-03, Asset Allocation Fund had net outflows of $1.07B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | −$281.57M |
| 2026-02 | −$230.83M |
| 2026-01 | −$291.56M |
| 2025-12 | $178.70M |
| 2025-11 | −$629.53M |
| 2025-10 | −$263.89M |
C000023929 Debt Constituents
Largest debt holdings of Asset Allocation Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury | 1.14% |
| United States Treasury | 1.08% |
| United States Treasury | 0.85% |
| United States Treasury | 0.47% |
| United States Treasury | 0.43% |
| United States Treasury | 0.37% |
| United States Treasury | 0.36% |
| United States Treasury | 0.34% |
| United States Treasury | 0.33% |
| United States Treasury | 0.32% |
C000023929 Prospectus and SEC Filings
Official Asset Allocation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.