American Funds Tax-Aware Conservative Growth and Income 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.

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 $14.82 as of 12/06/2023 (updated daily)

Fund Assets (millions) $4,239.5

Portfolio Solutions Committee Members

Expense Ratio
(Gross/Net %)

0.41 / 0.41%

Quarterly Fund Fact Sheet (PDF)

Prospectus (PDF)

Underlying Funds

	Growth-and-Income	49.9%
	American Mutual Fund ®	10%
	Capital Group Dividend Value ETF	15%
	Capital World Growth and Income Fund ®	19.9%
	Washington Mutual Investors Fund ^SM	5%
	Tax-exempt bond	49.5%
	American High-Income Municipal Bond Fund ®	25%
	Limited Term Tax-Exempt Bond Fund of America ®	9.5%
	The Tax-Exempt Bond Fund of America ®	15%

As of 10/31/2023 (updated monthly)

QUARTERLY HOLDINGS

Asset Mix

	U.S. Equities36.0%		Non-U.S. Equities11.4%
	U.S. Bonds45.6%		Non-U.S. Bonds0.1%
	Cash & Equivalents 7.0%

	U.S. Equities36.0%
	Non-U.S. Equities11.4%
	U.S. Bonds45.6%
	Non-U.S. Bonds0.1%
	Cash & Equivalents 7.0%

As of 10/31/2023 (updated monthly)

Fund Statistics

6.9 years

Effective Duration

5.4%

Average Yield
to Maturity

4.3%

Average Coupon

% of net assets as of 10/31/2023 (updated monthly)

Market Capitalization

85.6%

Large

14.1%

Medium

0.3%

Small

$115,681.90 Million

Weighted Average

As of 9/30/2023 (updated quarterly). Morningstar data as of 9/30/2023 (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

TXIFX

S&P 500 Index

Other AF Funds

Standard Deviation as of 11/30/2023 (updated monthly) . Annualized return as of 11/30/2023 (updated monthly) .

VIEW LARGER CHART

Internal Prompt

Returns at NAV
Returns at MOP

Returns at NAV

Read important investment disclosures

5.77%

1-year return

5.83%

5-year return

6.23%

10-year return

2.75%

30-Day SEC Yield

Returns as of 11/30/23 (updated monthly). Yield as of 10/31/23 (updated monthly).

Returns at MOP

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 10/31/2023	$4,239.5
Companies/Issuers Holdings are as of 10/31/2023 (updated monthly).	2656+
Shareholder Accounts Shareholder accounts are as of 10/31/2023	10,034
Regular Dividends Paid	Mar, Jun, Sep, Dec

Minimum Initial Investment	$250
Capital Gains Paid	Dec
Portfolio Turnover (2022)	4%
Fiscal Year-End	Oct
Prospectus Date	01/01/2023
CUSIP	02630Y 57 0
Fund Number	646

Returns

Internal Prompt

Month-End Returns as of 11/30/23
Quarter-End Returns as of 9/30/23

ANNUAL RETURNS CHART

Month-End Returns as of 11/30/23

Returns at NAV

| at MOP

Read important investment disclosures

TXIFX

S&P 500 Index

ANNUAL RETURNS CHART

Quarter-End Returns as of 9/30/23

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

TXIFX

S&P 500 Index

VIEW LARGER CHART

High & Low Prices

Internal Prompt

Yield

	12-month
	Distribution Rates	30-day SEC Yield
Fund at NAV	2.73%	2.75%
Fund at MOP	N/A	N/A

As of 10/31/2023 (updated monthly)

Valuation

	Price/	Price/	Price/
	Book	Cash Flow	Earnings
Fund	2.77	10.84	14.79
S&P 500 Index	3.50	12.80	17.80

Fund as of 9/30/23. Index as of 9/30/23.

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(442)
3-yr. Morningstar Rating^TM (442 funds rated)
5-yr. Morningstar Rating^TM (408 funds rated)
10-yr. Morningstar Rating^TM (292 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 11/30/2023 (updated monthly).

Internal Prompt

Lipper Leader Scorecard

	Overall Over-all	3 yr.	5 yr.	10 yr.
Consistent Return Within Category Funds Rated	(548)	(548)	(513)	(391)
Expense Within Category Funds Rated	(299)	(299)	(280)	(196)
Preservation Within Category Funds Rated	(4573)	(4573)	(4135)	(2546)
Tax Efficiency Within Category Funds Rated	(547)	(547)	(513)	(391)
Total Return Within Category Funds Rated	(548)	(548)	(513)	(391)
Category		Mixed-Asset Target Allocation Moderate

KEY

HIGHEST

LOWEST

As of 10/31/2023 (updated monthly)

Risk Measures

		Fund
Standard Deviation		7.98
Sharpe Ratio		0.64
For the 10 Years ending 11/30/23 (updated monthly).
American Funds Benchmark		Morningstar Benchmark
S&P 500 Index		Morningstar Mod Tgt Risk TR USD
R-squared	85	94
Beta	0.48	0.79
Capture Ratio (Downside/Upside)	49/50	72/87
American Funds Benchmark for the 10 Years ending 9/30/23 (updated quarterly). Morningstar Benchmark for the 10 Years ending 11/30/23 (updated monthly).

Quality Summary

Read important investment disclosures

AAA/Aaa

4.3%

AA/Aa

12.5%

8.7%

BBB/Baa

5.6%

BB/Ba

3.7%

0.6%

CCC & Below

0.3%

Unrated

10.0%

Cash & equivalents

7.0%

% of net assets as of 10/31/2023 (updated monthly)

Average Life Breakdown

0-4.9 Years

15.5%

5-9.9 Years

10.1%

10-19.9 Years

9.1%

20-29.9 Years

9.1%

30+ Years

1.6%

% of net assets as of 9/30/2023 (updated quarterly)

Holdings

Equities Breakdown
Bonds Breakdown

Equities Breakdown

Sectors | Top Industries

Equity Fund Holdings

	Information technology 9.3%
	Industrials 7.9%
	Health care 7.8%
	Financials 5.1%
	Consumer staples 3.7%
	Consumer discretionary 3.4%
	Energy 3.3%
	Materials 2.5%
	Communication services 2.3%
	Utilities 1.6%
	Real estate 0.5%

% of net assets as of 10/31/2023 (updated monthly)

Bonds Breakdown

Total bond holdings

Revenue bonds + 40.2%

Other	12.3%
Hospital facilities	3.9%
Multi-family housing	3.9%
Single-family housing	3.5%
Senior Living	3.1%
Other Corporate	2.9%
Tax allocation	2.9%
Water & sewer	2.2%
Municipal gas utility	1.9%
Airports	1.8%
Sales tax revenue	1.8%

General obligation bonds 4.0%

% of net assets as of 9/30/2023 (updated quarterly)

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

Growth-and-Income Funds
Tax-exempt bond Funds

Geographic Breakdown

Regions | Top States

United States

81.6%

Europe

6.0%

Asia & Pacific Basin

3.1%

Other (Including Canada & Latin America)

2.4%

Cash & equivalents

7.0%

% of net assets as of 10/31/2023 (updated monthly)

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 12/06/23

Historical Distributions as of 12/06/23

2023

Record Date	Calculated Date	Pay Date	Income Dividend Regular	Income Dividend Special	Cap. Gains Long-Term	Cap. Gains Short-Term	Reinvest NAV
03/29/23	03/29/23	03/30/23	$0.0831	$0.00	$0.00	$0.00	$14.19
06/28/23	06/28/23	06/29/23	$0.0962	$0.00	$0.00	$0.00	$14.54
09/27/23	09/27/23	09/28/23	$0.0932	$0.00	$0.00	$0.00	$14.10
		2023 Year-to-Date:	Dividends Subtotal: $0.2725		Cap Gains Subtotal: $0.00
			Total Distributions: $0.2725

Rate	As of Date
0.00000000	09/28/2023
0.00000000	09/29/2023
0.00000000	10/02/2023
0.00000000	10/03/2023
0.00000000	10/04/2023
0.00000000	10/05/2023
0.00000000	10/06/2023
0.00000000	10/09/2023
0.00000000	10/10/2023
0.00000000	10/11/2023
0.00000000	10/12/2023
0.00000000	10/13/2023
0.00000000	10/16/2023
0.00000000	10/17/2023
0.00000000	10/18/2023
0.00000000	10/19/2023
0.00000000	10/20/2023
0.00000000	10/23/2023
0.00000000	10/24/2023
0.00000000	10/25/2023
0.00000000	10/26/2023
0.00000000	10/27/2023
0.00000000	10/30/2023
0.00000000	10/31/2023
0.00000000	11/01/2023
0.00000000	11/02/2023
0.00000000	11/03/2023
0.00000000	11/06/2023
0.00000000	11/07/2023
0.00000000	11/08/2023
0.00000000	11/09/2023
0.00000000	11/10/2023
0.00000000	11/13/2023
0.00000000	11/14/2023
0.00000000	11/15/2023
0.00000000	11/16/2023
0.00000000	11/17/2023
0.00000000	11/20/2023
0.00000000	11/21/2023
0.00000000	11/22/2023
0.00000000	11/24/2023
0.00000000	11/27/2023
0.00000000	11/28/2023
0.00000000	11/29/2023
0.00000000	11/30/2023
0.00000000	12/01/2023
0.00000000	12/04/2023
0.00000000	12/05/2023
0.00000000	12/06/2023

FIND HISTORICAL DISTRIBUTIONS

Rate		As of-Date
0.00000000		09/28/2023
0.00000000		09/29/2023
0.00000000		10/02/2023
0.00000000		10/03/2023
0.00000000		10/04/2023
0.00000000		10/05/2023
0.00000000		10/06/2023
0.00000000		10/09/2023
0.00000000		10/10/2023
0.00000000		10/11/2023
0.00000000		10/12/2023
0.00000000		10/13/2023
0.00000000		10/16/2023
0.00000000		10/17/2023
0.00000000		10/18/2023
0.00000000		10/19/2023
0.00000000		10/20/2023
0.00000000		10/23/2023
0.00000000		10/24/2023
0.00000000		10/25/2023
0.00000000		10/26/2023
0.00000000		10/27/2023
0.00000000		10/30/2023
0.00000000		10/31/2023
0.00000000		11/01/2023
0.00000000		11/02/2023
0.00000000		11/03/2023
0.00000000		11/06/2023
0.00000000		11/07/2023
0.00000000		11/08/2023
0.00000000		11/09/2023
0.00000000		11/10/2023
0.00000000		11/13/2023
0.00000000		11/14/2023
0.00000000		11/15/2023
0.00000000		11/16/2023
0.00000000		11/17/2023
0.00000000		11/20/2023
0.00000000		11/21/2023
0.00000000		11/22/2023
0.00000000		11/24/2023
0.00000000		11/27/2023
0.00000000		11/28/2023
0.00000000		11/29/2023
0.00000000		11/30/2023
0.00000000		12/01/2023
0.00000000		12/04/2023
0.00000000		12/05/2023
0.00000000		12/06/2023

Fees & Expenses

Internal Prompt

Fees


Annual Management Fees	0.00%
Other Expenses	0.12%
Acquired (Underlying) Fund Fees and Expenses	0.29%
Service 12b-1	--

As of each fund's most recent prospectus.

Internal Prompt

Expense Ratio

TXIFX	0.41%
Lipper Mixed-Asset Target Allocation Moderate Funds Average	0.90%

Fund as of most recent prospectus. Lipper Category as of 9/30/23 (updated quarterly).

Resources

Literature for TXIFX

Quarterly Fund Fact Sheet (PDF) 10/23
Fund Commentary (PDF) 11/23
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 Tax-Aware Conservative Growth and Income Portfolio SM (TXIFX)

Summary

Underlying Funds

Asset Mix

Fund Statistics

Market Capitalization

Volatility & Return

Returns at NAV

Returns at MOP

Returns at NAV

Returns at MOP

Description

Fund Facts

Returns

Month-End Returns as of 11/30/23

Quarter-End Returns as of 9/30/23

Month-End Returns as of 11/30/23

Quarter-End Returns as of 9/30/23

Growth of 10K

High & Low Prices

Growth of 10K

High & Low Prices

Yield

Valuation

Portfolio Solutions Committee

Ratings & Risk

Morningstar Rating TM

Lipper Leader Scorecard

Risk Measures

Quality Summary

Average Life Breakdown

Holdings

Equities Breakdown

Bonds Breakdown

Equities Breakdown

Bonds Breakdown

Bond Details

Top Fixed-Income Issuers

Geographic Breakdown

Prices & Distributions

Historical Prices Month-End

Historical Prices Year-End

Historical Prices Month-End

Historical Prices Year-End

Historical Distributions as of 12/06/23

Historical Distributions as of 12/06/23

Fees & Expenses

Fees

Expense Ratio

Resources

Literature for TXIFX

About Our Funds

CAPITAL IDEAS^TM

PRACTICELAB^®

American Funds Tax-Aware Conservative Growth and Income Portfolio ^SM (TXIFX)

Morningstar Rating ^TM