Form N-CSR AMERICAN FUNDS GLOBAL

Three goals are balancedly pursued by the American Funds Global Balanced Fund: current income, principle preservation, and long-term capital gain.

The Capital Group, the parent company of American Funds, one of the biggest mutual fund families in the country, offers more than 40 funds, including this one. Capital Group has made investments with a long-term emphasis based on extensive study and consideration of risk for more than 90 years.

AMERICAN FUNDS

Unless otherwise stated, the fund results in this report represent Class F-2 and Class A shares at net asset value. The outcomes would have been different if a sales charge (maximum 5.75% for Class A shares) had been subtracted. Results are for previous periods and do not guarantee future results. Results today and in the future could be higher or lower than those displayed. Investors run the risk of losing money because prices and returns can vary. Losses are more probable when investing for brief periods of time. Visit capitalgroup.com for up to date information and month-end results.

The following table shows the typical annual total returns on an investment of $1,000 for periods ending September 30, 2022 (the most recent conclusion of a calendar quarter):

According to the prospectus dated January 1, 2023, the overall annual fund operating expense ratios are 0.59% for Class F-2 shares and 0.83% for Class A shares (unaudited). To account for current fees, the expense ratios have been revised.