Investment Fund

Purchase Restrictions: Class F-1 shares are available through certain registered investment advisor and fee-based programs, but are not available for purchase in most employer-sponsored retirement plans. See the prospectus for details.

Summary

Internal Prompt
A balanced retirement income strategy. This portfolio is designed for retirees who seek a balanced approach to downside risk, income and growth of capital.
Price at NAV $11.87 as of 4/12/2024 (updated daily)
Fund Assets (millions) $1,416.5
Portfolio Solutions Committee Members
7
Expense Ratio
(Gross/Net %)
0.67 / 0.67%

Asset Mix

U.S. Equities36.2%
Non-U.S. Equities16.2%
U.S. Bonds37.1%
Non-U.S. Bonds5.5%
Cash & Equivalents
5.1%
As of 3/31/2024 (updated monthly)

Fund Statistics

5.2 years
Effective Duration
5.3%
Average Yield
to Worst
4%
Average Coupon
% of net assets as of 3/31/2024 (updated monthly)

Market Capitalization

82.8%
Large
16.2%
Medium
1.1%
Small
$103,730.71 Million
Weighted Average


As of 12/31/2023 (updated quarterly). Morningstar data as of 12/31/2023 (updated quarterly).
Internal Prompt

Volatility & Return

Read important investment disclosures

Volatility & Return chart is not available for funds less than 10 years old.

Internal Prompt

Returns at NAV

Returns at MOP

Description

Objective
The fund strives for the balanced accomplishment of three investment objectives: current income, long-term growth of capital and conservation of capital.
Distinguishing Characteristics
The fund will invest in a mix of American Funds in varying combinations and weightings over time. The Moderate Portfolio offers investors an intermediate investment option, with greater potential for current income and long-term growth than the Conservative Portfolio, but less volatility and downside risk relative to the Enhanced Portfolio.
Types of Investments
The underlying American Funds will typically seek to generate income from their investments and will primarily consist of equity-income, fixed-income and balanced funds. The fund may also invest in growth-and-income funds. Through its investments in the underlying funds, the fund will have significant exposure to dividend-paying and growth-oriented common stocks and to fixed-income securities.

Fund Facts

Fund Inception 8/28/2015
Fund Assets (millions)
As of 2/29/2024
$1,416.5
Companies/Issuers
Holdings are as of 3/31/2024 (updated monthly).
2365+
Shareholder Accounts
Shareholder accounts are as of 3/31/2024
396
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2023) 6%
Fiscal Year-End Oct
Prospectus Date 01/01/2024
CUSIP 02631L 81 7
Fund Number 34110

Returns

Internal Prompt

Month-End Returns as of 3/31/24

Quarter-End Returns as of 3/31/24

Growth of 10K

High & Low Prices

Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 2.93% 2.63%
Fund at MOP N/A N/A
As of 3/31/2024 (updated monthly)

Valuation

Price/ Price/ Price/
Book Cash Flow Earnings
Fund 2.61 10.02 14.88
S&P Target Date Retirement Income Index
2.30 10.10 16.00
Fund as of 12/31/23. Index as of 12/31/23.

Portfolio Solutions Committee

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Alan N. Berro 9 33 38
Michelle J. Black 4 22 29
Brittain Ezzes 1 2 26
Samir Mathur 4 11 31
Wesley K. Phoa 9 25 30
John R. Queen 4 22 34
Andrew B. Suzman 9 30
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(686)
3-yr. Morningstar RatingTM
(686 funds rated)
5-yr. Morningstar RatingTM
(646 funds rated)
10-yr. Morningstar RatingTM
(-- funds rated)
--
Overall Morningstar Risk Low
HIGH
LOW
Category Moderate Allocation
Ratings are based on risk-adjusted returns as of 3/31/2024 (updated monthly).
Internal Prompt

Lipper Leader Scorecard

Over-all 3 yr. 5 yr. 10 yr.
Consistent Return Within Category
Funds Rated

(94)

(94)

(72)
Expense Within Category
Funds Rated

(64)

(64)

(45)
Preservation Within Category
Funds Rated

(4529)

(4529)

(4009)
Tax Efficiency Within Category
Funds Rated

(94)

(94)

(72)
Total Return Within Category
Funds Rated

(94)

(94)

(72)
Category Ret Income Funds
KEY
HIGHEST LOWEST
As of 3/31/2024 (updated monthly)

Risk Measures

Fund
Standard Deviation
10.00
Sharpe Ratio
0.40
For the 5 Years ending 3/31/24 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
S&P Target Date Retirement Income Index
Morningstar Mod Tgt Risk TR USD
R-squared 93 97
Beta 1.25 0.80
Capture Ratio (Downside/Upside) 133/134 80/83
American Funds Benchmark for the 5 Years ending 3/31/24 (updated monthly).
Morningstar Benchmark for the 5 Years ending 3/31/24 (updated monthly).
U.S. Treasuries/Agencies
10.2%
AAA/Aaa
12.1%
AA/Aa
1.8%
A
5.1%
BBB/Baa
5.6%
BB/Ba
4.2%
B
1.9%
CCC & Below
0.6%
Unrated
1.0%
Cash & equivalents
5.2%
% of net assets as of 3/31/2024 (updated monthly)

Average Life Breakdown

0-4.9 Years
17.5%
5-9.9 Years
19.3%
10-19.9 Years
2.5%
20-29.9 Years
3.0%
30+ Years
0.3%
% of net assets as of 3/31/2024 (updated monthly)

Holdings

Equities Breakdown

Equity Fund Holdings
Information technology 8.4%
Financials 8.2%
Health care 7.0%
Industrials 6.1%
Consumer staples 5.3%
Energy 4.0%
Consumer discretionary 3.5%
Communication services 3.0%
Utilities 2.9%
Materials 2.2%
Real estate 1.8%

% of net assets as of 3/31/2024 (updated monthly)

Bonds Breakdown

Geographic Breakdown

United States
73.2%
Europe
11.0%
Asia & Pacific Basin
4.6%
Other (Including Canada & Latin America)
6.2%
Cash & equivalents
5.1%
% of net assets as of 3/31/2024 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 04/12/24

2024
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
03/26/24 03/26/24 03/27/24 $0.0594 $0.00 $0.00 $0.00 $12.06
2024 Year-to-Date: Dividends Subtotal: $0.0594 Cap Gains Subtotal: $0.00
Total Distributions: $0.0594

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.00%
Other Expenses 0.12%
Acquired (Underlying) Fund Fees and Expenses 0.30%
Service 12b-1 0.25%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

FBFWX 0.67%
Lipper Retirement Income Funds Average
0.57%
Fund as of most recent prospectus. Lipper Category as of 3/31/24 (updated quarterly).