American Funds Preservation Portfolio - F-2

Purchase Restrictions: Class F-2 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.

Notice The Portfolio Solutions Committee reallocated this product as of June 29, 2023. Learn more

Summary

Internal Prompt

Seeking income and preservation. As part of a diversified investment strategy, this fund of funds seeks to provide investors a source of current income.

Price at NAV $9.24 as of 9/22/2023 (updated daily)

Fund Assets (millions) $2,117.3

Portfolio Solutions Committee Members

Expense Ratio

0.38%

Quarterly Fund Fact Sheet (PDF)

Prospectus (PDF)

Underlying Funds

	Bond	100%
	Intermediate Bond Fund of America ®	45%
	Short-Term Bond Fund of America ®	55%

As of 8/31/2023 (updated monthly)

QUARTERLY HOLDINGS

Asset Mix

	U.S. Equities0.0%		Non-U.S. Equities0.0%
	U.S. Bonds89.4%		Non-U.S. Bonds6.1%
	Cash & Equivalents 4.5%

	U.S. Equities0.0%
	Non-U.S. Equities0.0%
	U.S. Bonds89.4%
	Non-U.S. Bonds6.1%
	Cash & Equivalents 4.5%

As of 8/31/2023 (updated monthly)

Fund Statistics

3 years

Effective Duration

Average Yield
to Worst

3.5%

Average Coupon

% of net assets as of 6/30/2023 (updated quarterly)

Internal Prompt

Volatility & Return

VIEW LARGER CHART

Read important investment disclosures

Equities

For Class F-2 Shares, this chart tracks the 10-year standard deviation

and 10-year annualized return of the equity funds

PPEFX

Bloomberg 1-5 Year U.S. Government/Credit A+ Index

Other AF Funds

Standard Deviation as of 08/31/2023 (updated monthly) . Annualized return as of 08/31/2023 (updated monthly) .

VIEW LARGER CHART

Internal Prompt

Returns at NAV
Returns at MOP

Returns at NAV

Read important investment disclosures

0.07%

1-year return

1.22%

5-year return

1.25%

10-year return

3.86%

30-Day SEC Yield

Returns as of 8/31/23 (updated monthly). Yield as of 8/31/23 (updated monthly).

Returns at MOP

Description

Objective

The fund's investment objective is to provide current income, consistent with preservation of capital.

Distinguishing Characteristics

The fund will attempt to achieve its investment objectives by investing in a mix of American Funds in different combinations and weightings.

Types of Investments

Principally invest in funds that seek current income through bond investments.

Fund Facts

Fund Inception	5/18/2012
Fund Assets (millions) As of 8/31/2023	$2,117.3
Companies/Issuers Holdings are as of 6/30/2023 (updated quarterly).	949+
Shareholder Accounts Shareholder accounts are as of 8/31/2023	7,211
Regular Dividends Paid	Monthly

Minimum Initial Investment	$250
Capital Gains Paid	Dec
Portfolio Turnover (2022)	20%
Fiscal Year-End	Oct
Prospectus Date	01/01/2023
CUSIP	02630Y 75 2
Fund Number	645

Returns

Internal Prompt

Month-End Returns as of 8/31/23
Quarter-End Returns as of 6/30/23

ANNUAL RETURNS CHART

Month-End Returns as of 8/31/23

Returns at NAV

| at MOP

Read important investment disclosures

PPEFX

Bloomberg 1-5 Year U.S. Government/Credit A+ Index

ANNUAL RETURNS CHART

Quarter-End Returns as of 6/30/23

Growth of 10K
High & Low Prices

Growth of 10K

Read important investment disclosures

For Class F-2 Shares, this chart tracks a hypothetical investment with dividends reinvested, over the last 20 years, or since inception date if the fund has been in existence under 20 years, through 12/31/2022.

VIEW LARGER CHART

PPEFX

Bloomberg 1-5 Year U.S. Government/Credit A+ Index

VIEW LARGER CHART

High & Low Prices

Internal Prompt

Yield

	12-month
	Distribution Rates	30-day SEC Yield
Fund at NAV	3.17%	3.86%
Fund at MOP	N/A	N/A

As of 8/31/2023 (updated monthly)

Valuation

	Price/	Price/	Price/
	Book	Cash Flow	Earnings
Fund	--	--	--
Bloomberg 1-5 Year U.S. Government/Credit A+ Index	--	--	--

Fund as of 6/30/23. Index as of --.

Portfolio Solutions Committee

LEARN ABOUT THE CAPITAL SYSTEM^SM

Years of Experience with Fund

Years of Experience with Capital Group

Years of Experience with Investment Industry

Alan N. Berro 37 32 11

Michelle J. Black 28 21 3

Samir Mathur 30 10 3

Wesley K. Phoa 29 24 11

John R. Queen 33 21 3

William L. Robbins 31 28 3

Andrew B. Suzman 29 29 11

Alan N. Berro	11	32	37
Michelle J. Black	3	21	28
Samir Mathur	3	10	30
Wesley K. Phoa	11	24	29
John R. Queen	3	21	33
William L. Robbins	3	28	31
Andrew B. Suzman	11	29

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 Rating^TM Funds rated(532)
3-yr. Morningstar Rating^TM (532 funds rated)
5-yr. Morningstar Rating^TM (488 funds rated)
10-yr. Morningstar Rating^TM (354 funds rated)
Overall Morningstar Risk	Average HIGH LOW
Category	Short-Term Bond

ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS

Ratings are based on risk-adjusted returns as of 8/31/2023 (updated monthly).

Internal Prompt

Lipper Leader Scorecard

	Overall Over-all	3 yr.	5 yr.	10 yr.
Consistent Return Within Category Funds Rated	(159)	(159)	(153)	(111)
Expense Within Category Funds Rated	(101)	(101)	(96)	(66)
Preservation Within Category Funds Rated	(6245)	(6245)	(5743)	(4076)
Tax Efficiency Within Category Funds Rated	(160)	(160)	(154)	(112)
Total Return Within Category Funds Rated	(160)	(160)	(154)	(112)
Category		Sht-Int Inv Grd Dbt Fds

KEY

HIGHEST

LOWEST

As of 8/31/2023 (updated monthly)

Risk Measures

		Fund
Standard Deviation		2.16
Sharpe Ratio		0.05
For the 10 Years ending 8/31/23 (updated monthly).
American Funds Benchmark		Morningstar Benchmark
Bloomberg 1-5 Year U.S. Government/Credit A+ Index		Bloomberg US Agg Bond TR USD
R-squared	93	84
Beta	1.06	0.46
Capture Ratio (Downside/Upside)	106/109	38/49
American Funds Benchmark for the 10 Years ending 6/30/23 (updated quarterly). Morningstar Benchmark for the 10 Years ending 8/31/23 (updated monthly).

Quality Summary

Read important investment disclosures

U.S. Treasuries/Agencies

32.9%

AAA/Aaa

40.0%

AA/Aa

6.3%

8.9%

BBB/Baa

3.4%

Unrated

2.5%

Cash & equivalents

6.1%

% of net assets as of 6/30/2023 (updated quarterly)

Average Life Breakdown

0-4.9 Years

73.2%

5-9.9 Years

18.9%

10-19.9 Years

1.8%

20-29.9 Years

0.0%

30+ Years

0.0%

% of net assets as of 6/30/2023 (updated quarterly)

Holdings

Bonds Breakdown

Total bond holdings

U.S. government & government agency bonds & notes 33.2%

Mortgage-backed obligations + 25.0%

Asset-backed obligations 17.5%

Corporate bonds, notes & loans + 14.1%

Financials	6.4%
Utilities	1.9%
Health Care	1.5%
Consumer discretionary	1.1%
Consumer staples	0.8%
Telecommunication services	0.7%
Industrials	0.5%
Materials	0.4%
Information technology	0.3%
Other corporate bonds, notes & loans	0.3%
Energy	0.2%

Non-U.S. government/agency securities 3.9%

Municipal securities 0.2%

% of net assets as of 6/30/2023 (updated quarterly)

Go to the underlying fund pages to see detailed holdings information.

Bond Funds
- Intermediate Bond Fund of America ®
- Short-Term Bond Fund of America ®

Prices & Distributions

Internal Prompt

Historical Prices Month-End
Historical Prices Year-End

FIND HISTORICAL PRICES

Historical Prices Month-End

2023

FIND HISTORICAL PRICES

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 09/22/23

Historical Distributions as of 09/22/23

2023

Record Date	Calculated Date	Pay Date	Income Dividend Regular	Income Dividend Special	Cap. Gains Long-Term	Cap. Gains Short-Term	Reinvest NAV
01/27/23	01/27/23	01/30/23	$0.0134	$0.00	$0.00	$0.00	$9.45
02/24/23	02/24/23	02/27/23	$0.0165	$0.00	$0.00	$0.00	$9.30
03/29/23	03/29/23	03/30/23	$0.0238	$0.00	$0.00	$0.00	$9.45
04/26/23	04/26/23	04/27/23	$0.0272	$0.00	$0.00	$0.00	$9.50
05/26/23	05/26/23	05/30/23	$0.0243	$0.00	$0.00	$0.00	$9.34
06/28/23	06/28/23	06/29/23	$0.0257	$0.00	$0.00	$0.00	$9.32
07/27/23	07/27/23	07/28/23	$0.0314	$0.00	$0.00	$0.00	$9.26
08/29/23	08/29/23	08/30/23	$0.03	$0.00	$0.00	$0.00	$9.27
		2023 Year-to-Date:	Dividends Subtotal: $0.1923		Cap Gains Subtotal: $0.00
			Total Distributions: $0.1923

Rate	As of Date
0.00000000	08/30/2023
0.00000000	08/31/2023
0.00000000	09/01/2023
0.00000000	09/05/2023
0.00000000	09/06/2023
0.00000000	09/07/2023
0.00000000	09/08/2023
0.00000000	09/11/2023
0.00000000	09/12/2023
0.00000000	09/13/2023
0.00000000	09/14/2023
0.00000000	09/15/2023
0.00000000	09/18/2023
0.00000000	09/19/2023
0.00000000	09/20/2023
0.00000000	09/21/2023
0.00000000	09/22/2023

FIND HISTORICAL DISTRIBUTIONS

Rate		As of-Date
0.00000000		08/30/2023
0.00000000		08/31/2023
0.00000000		09/01/2023
0.00000000		09/05/2023
0.00000000		09/06/2023
0.00000000		09/07/2023
0.00000000		09/08/2023
0.00000000		09/11/2023
0.00000000		09/12/2023
0.00000000		09/13/2023
0.00000000		09/14/2023
0.00000000		09/15/2023
0.00000000		09/18/2023
0.00000000		09/19/2023
0.00000000		09/20/2023
0.00000000		09/21/2023
0.00000000		09/22/2023

Fees & Expenses

Internal Prompt

Fees


Annual Management Fees	0.00%
Other Expenses	0.12%
Acquired (Underlying) Fund Fees and Expenses	0.26%
Service 12b-1	--

As of each fund's most recent prospectus.

Internal Prompt

Expense Ratio

PPEFX	0.38%
Lipper Short-Intmdt Investment Grade Debt Funds Average	0.65%

Fund as of most recent prospectus. Lipper Category as of 6/30/23 (updated quarterly).

Resources

Literature for PPEFX

Quarterly Fund Fact Sheet (PDF) 07/23
Fund Commentary (PDF) 08/23
Summary Prospectus (PDF) 01/23
Prospectus (PDF) 01/23
Statement of additional information (PDF) 01/23
Semi-Annual Report (PDF) 06/23
Annual Report (PDF) 12/22

About Our Funds

Share Class Pricing and Breakpoints
American Funds Portfolio Resources
Advisor’s Guide
Common Holdings in Our Funds Table (PDF)
Dividend Calendar (PDF)
Stats Update (PDF)
Resource Guide (PDF)

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Investment Fund

American Funds Preservation Portfolio SM (PPEFX)

Summary

Underlying Funds

Asset Mix

Fund Statistics