Investment Fund

Summary

Internal Prompt
Focuses on tax-exempt income. With exposure to a diverse mix of stocks from dividend-paying companies and tax-exempt, fixed-income securities, seeks to help investors pursue current income, a portion of which is exempt from regular federal income tax, and long-term growth potential.
Price at NAV $17.14 as of 1/09/2026 (updated daily)
Fund Assets (millions) $6,110.0
Portfolio Solutions Committee Members
7
Expense Ratio
(Gross/Net %)
0.66 / 0.66%
Quarterly Fund Fact Sheet (PDF)
Prospectus

Asset Mix

U.S. Equities36.0%
Non-U.S. Equities13.3%
U.S. Bonds45.9%
Non-U.S. Bonds0.1%
Cash & Equivalents
4.7%
As of 11/30/2025 (updated monthly)

Fund Statistics

6.4 years
Effective Duration
4.4%
Average Yield
to Maturity
4.7%
Average Coupon
% of net assets as of 11/30/2025 (updated monthly)
Internal Prompt

Volatility & Return

Read important investment disclosures

Equities

For Class A Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
TAIAX
S&P 500 Index
Other AF Funds
Standard Deviation as of 12/31/2025 (updated monthly) . Annualized return as of 12/31/2025 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Returns at NAV

Returns at MOP

Read important investment disclosures
9.47%
1-year return
6.34%
5-year return
7.16%
10-year return
2.03%
30-Day SEC Yield
Returns as of 12/31/25 (updated monthly). Yield as of 11/30/25 (updated monthly).

Description

Objective
The fund's investment objective is to provide current income, a portion of which is exempt from regular federal income tax, while secondarily striving for long-term growth of capital.
Distinguishing Characteristics
The fund will attempt to achieve its investment objectives by investing in a mix of American Funds and Capital Group ETFs in different combinations and weightings.
Types of Investments
The underlying funds may represent a variety of fund categories such as tax-exempt bond funds and growth-and-income funds.

Fund Facts

Fund Inception 5/18/2012
Fund Assets (millions)
As of 11/30/2025
 $6,110.0
Companies/Issuers
Holdings are as of 11/30/2025 (updated monthly).
 2237+
Shareholder Accounts
Shareholder accounts are as of 11/30/2025
 44,826
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2025) 39%
Fiscal Year-End Oct
Prospectus Date 01/01/2026
CUSIP 02630Y 62 0
Fund Number 46

Returns

Internal Prompt

Month-End Returns as of 12/31/25

Returns at NAV
| at MOP
Read important investment disclosures
TAIAX
S&P 500 Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 12/31/25

Growth of 10K

Read important investment disclosures
For Class A 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.
TAIAX
S&P 500 Index
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High & Low Prices

Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 2.14% N/A
Fund at MOP 2.06% 2.03%
As of 11/30/2025 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 3.35 14.25 19.06
S&P 500 Index
4.60 15.30 22.90
Fund as of 9/30/25. Index as of 9/30/25.

Portfolio Solutions Committee

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Brittain Ezzes 2 4 28
Samir Mathur 6 13 33
Damien McCann 14 26
Wesley Phoa 13 27 33
John Queen 6 24 36
Andrew Suzman 13 32
Michelle Black 6 24 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(208)
3-yr. Morningstar RatingTM
(208 funds rated)
5-yr. Morningstar RatingTM
(199 funds rated)
10-yr. Morningstar RatingTM
(160 funds rated)
Overall Morningstar Risk Average
HIGH
LOW
Category
Moderately Conservative Allocation
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 12/31/2025 (updated monthly).

Lipper Leader Scorecard

Over-all 3 yr. 5 yr. 10 yr.
Consistent Return Within Category
Funds Rated
(496)
(496)
(480)
(399)
Expense Within Category
Funds Rated
(131)
(131)
(125)
(107)
Preservation Within Category
Funds Rated
(4144)
(4144)
(3847)
(2779)
Tax Efficiency Within Category
Funds Rated
(496)
(496)
(480)
(399)
Total Return Within Category
Funds Rated
(496)
(496)
(480)
(399)
Category Mixed-Asset Target Allocation Moderate
KEY
HIGHEST LOWEST
As of 12/31/2025 (updated monthly)

Risk Measures

Fund
Standard Deviation
8.09
Sharpe Ratio
0.67
For the 10 Years ending 12/31/25 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
S&P 500 Index
Morningstar Mod Tgt Risk TR USD
R-squared
84 94
Beta
0.49 0.79
Capture Ratio (Downside/Upside)
51/51 76/85
American Funds Benchmark for the 10 Years ending 11/30/25 (updated monthly).
Morningstar Benchmark for the 10 Years ending 12/31/25 (updated monthly).
AAA/Aaa
4.5%
AA/Aa
13.5%
A
7.5%
BBB/Baa
5.4%
BB/Ba
4.0%
B
0.3%
CCC & Below
0.0%
Unrated
10.9%
Cash & equivalents
4.7%
% of net assets as of 11/30/2025 (updated monthly)

Average Life Breakdown

0-4.9 Years
15.4%
5-9.9 Years
17.5%
10-19.9 Years
7.9%
20-29.9 Years
5.0%
30+ Years
0.8%
% of net assets as of 9/30/2025 (updated monthly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 11.9%
Industrials 7.8%
Financials 6.2%
Health care 5.6%
Consumer discretionary 4.5%
Consumer staples 3.2%
Communication services 3.1%
Energy 2.1%
Materials 2.1%
Utilities 1.9%
Real estate 0.9%

% of net assets as of 11/30/2025 (updated monthly)

Bonds Breakdown

Geographic Breakdown

Regions | Top States
United States
81.8%
Europe
7.7%
Asia & Pacific Basin
3.9%
Other (Including Canada & Latin America)
1.8%
Cash & equivalents
4.7%
% of net assets as of 11/30/2025 (updated monthly)

Prices & Distributions

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Historical Prices Month-End

2025

Historical Prices Year-End

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Historical Distributions as of 01/09/26

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
03/26/25 03/26/25 03/27/25 $0.0628 $0.00 $0.00 $0.00 $15.85
06/25/25 06/25/25 06/26/25 $0.0987 $0.00 $0.00 $0.00 $16.31
09/25/25 09/25/25 09/26/25 $0.0806 $0.00 $0.00 $0.00 $17.01
12/29/25 12/29/25 12/30/25 $0.1571 $0.00 $0.5372 $0.00 $16.93
2025 Year-to-Date: Dividends Subtotal: $0.3992 Cap Gains Subtotal: $0.5372
Total Distributions: $0.9364

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.00%
Other Expenses 0.03%
Acquired (Underlying) Fund Fees and Expenses 0.33%
Service 12b-1 0.30%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

TAIAX 0.66%
Lipper Mixed-Asset Target Allocation Moderate Funds Average
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).