Investment Fund

Share Class
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.

Summary

Internal Prompt
Seeks capital preservation and income. Offers exposure to a mix of fixed-income securities focused on preservation of principal and seeks to provide investors a source of some current income.
Price at NAV $9.47 as of 3/14/2025 (updated daily)
Fund Assets (millions) $1,845.4
Portfolio Solutions Committee Members
7
Expense Ratio
(Gross/Net %)
0.38 / 0.38%
Quarterly Fund Fact Sheet (PDF)
Prospectus

Underlying Funds

Bond 100%
Intermediate Bond Fund of America® 45.1%
Short-Term Bond Fund of America® 54.9%
As of 2/28/2025 (updated monthly)
QUARTERLY HOLDINGS

Asset Mix

U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds88.0%
Non-U.S. Bonds3.8%
Cash & Equivalents
8.2%
As of 2/28/2025 (updated monthly)

Fund Statistics

2.8 years
Effective Duration
4.5%
Average Yield
to Worst
4.2%
Average Coupon
% of net assets as of 2/28/2025 (updated monthly)
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Volatility & Return

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 02/28/2025 (updated monthly) . Annualized return as of 02/28/2025 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Returns at NAV

Returns at MOP

Description

Objective
The fund's investment objective is to provide current income, consistent with preservation of capital.
Distinguishing Characteristics
Pursues its investment objectives by investing in a mix of American Funds in different combinations and weightings.
Types of Investments
The underlying American Funds seek current income, consistent with the preservation of capital, through bond investments.

Fund Facts

Fund Inception 5/18/2012
Fund Assets (millions)
As of 2/28/2025
 $1,845.4
Companies/Issuers
Holdings are as of 2/28/2025 (updated monthly).
 1119+
Shareholder Accounts
Shareholder accounts are as of 2/28/2025
 4,695
Regular Dividends Paid
Monthly
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2024) 6%
Fiscal Year-End Oct
Prospectus Date 01/01/2025
CUSIP 02630Y 75 2
Fund Number 645

Returns

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Month-End Returns as of 2/28/25

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 12/31/24

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 12/31/2024.
PPEFX
Bloomberg 1-5 Year U.S. Government/Credit A+ Index
VIEW LARGER CHART

High & Low Prices

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Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 4.27% 4.29%
Fund at MOP N/A N/A
As of 2/28/2025 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund -- -- --
Bloomberg 1-5 Year U.S. Government/Credit A+ Index
-- -- --
Fund as of 12/31/24. Index as of --.

Portfolio Solutions Committee

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Michelle J. Black 5 23 30
Brittain Ezzes 1 3 27
Samir Mathur 5 12 32
Damien J. McCann 13 25
Wesley K. Phoa 12 26 32
John R. Queen 5 23 35
Andrew B. Suzman 12 31
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(528)
3-yr. Morningstar RatingTM
(528 funds rated)
5-yr. Morningstar RatingTM
(485 funds rated)
10-yr. Morningstar RatingTM
(364 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 2/28/2025 (updated monthly).
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Lipper Leader Scorecard

Over-all 3 yr. 5 yr. 10 yr.
Consistent Return Within Category
Funds Rated
(166)
(166)
(150)
(119)
Expense Within Category
Funds Rated
(92)
(92)
(83)
(65)
Preservation Within Category
Funds Rated
(6088)
(6088)
(5638)
(4193)
Tax Efficiency Within Category
Funds Rated
(166)
(166)
(150)
(119)
Total Return Within Category
Funds Rated
(166)
(166)
(150)
(119)
Category Sht-Int Inv Grd Dbt Fds
KEY
HIGHEST LOWEST
As of 2/28/2025 (updated monthly)

Risk Measures

Fund
Standard Deviation
2.40
Sharpe Ratio
-0.07
For the 10 Years ending 2/28/25 (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
94 85
Beta
1.05 0.44
Capture Ratio (Downside/Upside)
104/106 33/50
American Funds Benchmark for the 10 Years ending 2/28/25 (updated monthly).
Morningstar Benchmark for the 10 Years ending 2/28/25 (updated monthly).
U.S. Treasuries/Agencies
28.2%
AAA/Aaa
46.0%
AA/Aa
4.6%
A
7.5%
BBB/Baa
2.6%
Unrated
2.8%
Cash & equivalents
8.2%
% of net assets as of 2/28/2025 (updated monthly)

Average Life Breakdown

0-4.9 Years
75.2%
5-9.9 Years
17.9%
10-19.9 Years
1.3%
20-29.9 Years
0.3%
30+ Years
--
% of net assets as of 12/31/2024 (updated monthly)

Holdings

Bonds Breakdown

Bond Details

Total bond holdings
U.S. Treasury bonds & notes 28.3%
Asset-backed obligations 21.7%
Non-U.S. government/agency securities 1.4%

% of net assets as of 12/31/2024 (updated quarterly)

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

Prices & Distributions

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Historical Prices Month-End

2025

Historical Prices Year-End

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Historical Distributions as of 03/14/25

FIND HISTORICAL DISTRIBUTIONS
2025
Record
Date		 Calculated
Date		 Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
01/28/25 01/28/25 01/29/25 $0.021 $0.00 $0.00 $0.00 $9.41
02/25/25 02/25/25 02/26/25 $0.0311 $0.00 $0.00 $0.00 $9.45
2025 Year-to-Date: Dividends Subtotal: $0.0521 Cap Gains Subtotal: $0.00
Total Distributions: $0.0521

Fees & Expenses

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Fees

Annual Management Fees 0.00%
Other Expenses 0.11%
Acquired (Underlying) Fund Fees and Expenses 0.27%
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 12/31/24 (updated quarterly).