Full text of AMERICAN FUNDS & TRUSTS INCORPORATED's X-17A-5 filed 2026-04-06 (period 2025-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ ### AMERICAN FUNDS AND TRUSTS, INC. ### FORMX-17A-5 ## WITH ### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ### FOR THE YEAR ENDED DECEMBER 31, 2025 {1}------------------------------------------------ ## **AMERICAN FUNDS AND TRUSTS, INC.** ### **TABLE OF CONTENTS** | Financial Report | | |--------------------------------------------------------------------------------------|------| | Report of Independent Registered Public Accounting Firm | | | Oath or Affirmation to Financial Statements | 2 | | Statement of Financial Condition | 3 | | Statement of Operations | 4 | | Statement of Changes in Stockholders' Equity | 5 | | Statement of Cash Flows | 6-7 | | Notes to Financial Statements | 8-14 | | Supplementary Information | | | Schedule I - Computation of Net Capital | 15 | | Reconciliation to Respondent's Unaudited Computation of Net Capital<br>Schedule II - | 16 | | Schedule 111 - Computation of Aggregate Indebtedness | 17 | | Schedule IV -<br>Exemptive Provision Under Rule 15c3-3 | 18 | | Exemption Report | | | Report of Independent Registered Public Accounting Firm on Exemption Review Report | 19 | | Exemption Report | 20 | {2}------------------------------------------------   ## REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Stockholders of American Funds & Trusts, Inc. ### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of American Funds & Trusts, Inc. as of December 31, 2025, the related statements of operations, changes in stockholders' equity, and cash flows for the year then ended, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of American Funds & Trusts, Inc. as of December 31 , 2025, and the results of its operations and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America. ## **Basis for Opinion** These financial statements are the responsibility of American Funds & Trusts, lnc.'s management. Our responsibility is to express an opinion on American Funds & Trusts, lnc.'s financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAO…Read the full text as markdown