Investment Fund

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 $16.04 as of 3/25/2025 (updated daily)
Fund Assets (millions) $5,426.1
Portfolio Solutions Committee Members
7
Expense Ratio
(Gross/Net %)
0.43 / 0.43%
Quarterly Fund Fact Sheet (PDF)
Prospectus

Asset Mix

U.S. Equities36.7%
Non-U.S. Equities12.6%
U.S. Bonds44.9%
Non-U.S. Bonds0.2%
Cash & Equivalents
5.6%
As of 2/28/2025 (updated monthly)

Fund Statistics

5.8 years
Effective Duration
4.3%
Average Yield
to Maturity
4.5%
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
TXIFX
S&P 500 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
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Returns at NAV

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 2/28/2025
 $5,426.1
Companies/Issuers
Holdings are as of 2/28/2025 (updated monthly).
 2220+
Shareholder Accounts
Shareholder accounts are as of 2/28/2025
 11,659
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2024) 40%
Fiscal Year-End Oct
Prospectus Date 01/01/2025
CUSIP 02630Y 57 0
Fund Number 646

Returns

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Month-End Returns as of 2/28/25

Returns at NAV
| at MOP
Read important investment disclosures
TXIFX
S&P 500 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.
TXIFX
S&P 500 Index
VIEW LARGER CHART

High & Low Prices

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Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 2.52% 2.57%
Fund at MOP N/A N/A
As of 2/28/2025 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 2.99 12.42 17.26
S&P 500 Index
4.30 15.70 21.80
Fund as of 12/31/24. Index as of 12/31/24.

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(424)
3-yr. Morningstar RatingTM
(424 funds rated)
5-yr. Morningstar RatingTM
(387 funds rated)
10-yr. Morningstar RatingTM
(287 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 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
(522)
(522)
(482)
(390)
Expense Within Category
Funds Rated
(294)
(294)
(272)
(203)
Preservation Within Category
Funds Rated
(4308)
(4308)
(3775)
(2570)
Tax Efficiency Within Category
Funds Rated
(522)
(522)
(482)
(390)
Total Return Within Category
Funds Rated
(522)
(522)
(482)
(390)
Category Mixed-Asset Target Allocation Moderate
KEY
HIGHEST LOWEST
As of 2/28/2025 (updated monthly)

Risk Measures

Fund
Standard Deviation
8.16
Sharpe Ratio
0.60
For the 10 Years ending 2/28/25 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
S&P 500 Index
Morningstar Mod Tgt Risk TR USD
R-squared
85 95
Beta
0.49 0.79
Capture Ratio (Downside/Upside)
51/51 74/86
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).
AAA/Aaa
5.0%
AA/Aa
10.6%
A
7.9%
BBB/Baa
5.4%
BB/Ba
3.8%
B
0.4%
CCC & Below
0.1%
Unrated
12.0%
Cash & equivalents
5.6%
% of net assets as of 2/28/2025 (updated monthly)

Average Life Breakdown

0-4.9 Years
17.1%
5-9.9 Years
16.0%
10-19.9 Years
7.2%
20-29.9 Years
5.0%
30+ Years
1.0%
% of net assets as of 12/31/2024 (updated monthly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Industrials 8.9%
Information technology 8.2%
Health care 7.5%
Financials 6.7%
Consumer staples 4.1%
Consumer discretionary 3.9%
Communication services 3.1%
Materials 2.1%
Energy 1.9%
Utilities 1.7%
Real estate 1.2%

% of net assets as of 2/28/2025 (updated monthly)

Bonds Breakdown

Geographic Breakdown

Regions | Top States
United States
81.6%
Europe
7.8%
Asia & Pacific Basin
3.2%
Other (Including Canada & Latin America)
1.8%
Cash & equivalents
5.6%
% of net assets as of 2/28/2025 (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 01/27/25

FIND HISTORICAL DISTRIBUTIONS
2024
Record
Date		 Calculated
Date		 Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
03/25/24 03/25/24 03/26/24 $0.0759 $0.00 $0.00 $0.00 $15.56
06/25/24 06/25/24 06/26/24 $0.1038 $0.00 $0.00 $0.00 $15.77
09/25/24 09/25/24 09/26/24 $0.0887 $0.00 $0.00 $0.00 $16.47
12/27/24 12/27/24 12/30/24 $0.1517 $0.00 $0.4089 $0.013 $15.76
2024 Year-to-Date: Dividends Subtotal: $0.4201 Cap Gains Subtotal: $0.4219
Total Distributions: $0.842

Fees & Expenses

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Fees

Annual Management Fees 0.00%
Other Expenses 0.11%
Acquired (Underlying) Fund Fees and Expenses 0.32%
Service 12b-1 --
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

TXIFX 0.43%
Lipper Mixed-Asset Target Allocation Moderate Funds Average
0.87%
Fund as of most recent prospectus. Lipper Category as of 12/31/24 (updated quarterly).