RLBCX Fees and Costs — American Balanced Fund, Class R-3
Data updated: 2026-08-27
The net expense ratio is 0.89%: a 0.21% management fee, a 0.50% 12b-1 fee plus 0.18% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $16.1M in broker commissions, 0.0064% of average net assets, and portfolio turnover was 104%.
RLBCX Fees and Expenses
Annual operating expenses and sales charges of RLBCX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.21% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.18% |
| Gross expense ratio | 0.89% |
| Fee waiver | — |
| Net expense ratio | 0.89% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
RLBCX Costs Over Time
On $10,000 invested in RLBCX, assuming 5% a year before costs, total costs come to $562 over 5 years, cutting the return by 0.94% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.89%) | $93 | $292 | $507 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $15 | $51 |
| Total costs | $94 | $309 | $562 |
| Value after costs | $10,406 | $11,268 | $12,201 |
| Impact on return, per year | 0.94% | 0.94% | 0.94% |
RLBCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0064%
- Total broker commissions: $16.1M
- Bought from dealers (principal trades, not a cost): $416.4B
- Portfolio turnover (prospectus): 104%
- Securities on loan, average value: $1.3B
- Net income from securities lending: $3.8M (0.001% of average net assets)
RLBCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bank of America, N.A. | $2.2M | 19.17% |
| Goldman Sachs & Co. LLC | $1.8M | 14.98% |
| Morgan Stanley & Co. LLC | $1.4M | 11.62% |
| J.P. Morgan Securities LLC | $1.3M | 11.25% |
| Citigroup Global Markets Inc. | $1.3M | 10.95% |
| UBS AG | $921K | 7.85% |
| Jefferies & Company Inc. | $898K | 7.65% |
| Sanford Bernstein & Co. LLC | $677K | 5.77% |
| Barclays Bank PLC | $666K | 5.67% |
| TD Securities (USA) | $597K | 5.09% |
RLBCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bank of America, N.A. | $78.3B | 19.67% |
| Morgan Stanley & Co. LLC | $65.1B | 16.34% |
| J.P. Morgan Securities LLC | $51.6B | 12.95% |
| Barclays Bank PLC | $40.6B | 10.21% |
| Goldman Sachs & Co. LLC | $40.2B | 10.10% |
| Wells Fargo Securities, LLC | $35.0B | 8.79% |
| Citigroup Global Markets Inc. | $32.3B | 8.11% |
| Mizuho Bank, Ltd. | $22.5B | 5.64% |
| BNP Paribas | $17.4B | 4.36% |
| Deutsche Bank A.G. | $15.3B | 3.83% |
American Balanced Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AFMBX | Class F-3 | 0.25% | none |
| RLBGX | Class R-6 | 0.25% | none |
| FBONX | Class 529-F-3 | 0.30% | none |
| RLBFX | Class R-5 | 0.30% | none |
| FBAFX | Class 529-F-2 | 0.33% | none |
| AMBFX | Class F-2 | 0.35% | none |
| RLEFX | Class R-5E | 0.39% | none |
| ABALX | Class A | 0.55% | 5.75% |
| TABFX | Class T | 0.55% | 2.50% |
| CLBAX | Class 529-A | 0.58% | 3.50% |
| TAFBX | Class 529-T | 0.59% | 2.50% |
| RLBEX | Class R-4 | 0.60% | none |
| BALFX | Class F-1 | 0.61% | none |
| CLBFX | Class 529-F-1 | 0.66% | none |
| CLBEX | Class 529-E | 0.82% | none |
| RLBCX | Class R-3 | 0.89% | none |
| RAMHX | Class R-2E | 1.04% | none |
| BALCX | Class C | 1.30% | none |
| RLBAX | Class R-1 | 1.32% | none |
| RLBBX | Class R-2 | 1.33% | none |
| CLBCX | Class 529-C | 1.35% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.