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Investments / American Funds Tax-Aware Conservative Income Model Portfolio
 

American Funds Tax-Aware Conservative Income Model Portfolio

American Funds Tax-Aware Conservative Income MP Composite
Summary
 

American Funds Tax-Aware Conservative Income Model Portfolio

American Funds Tax-Aware Conservative Income MP Composite

Summary

Seeks current income, a portion of which is exempt from regular federal income tax, and relatively low-volatility equity exposures through dividend-paying equities and tax-exempt, fixed-income securities which may help provide downside resilience.

  • Portfolio Solutions Committee Members 7
  • WAERMP_WAERG
    Weighted Average Expense Ratio (%) —

Underlying Funds

Growth and income
21%
Capital Group Conservative Equity ETF7%
Capital Group Core Equity ETF3%
Capital Group Dividend Growers ETF5%
Capital Group Dividend Value ETF6%
Tax-exempt
79%
Capital Group Municipal High-Income ETF15%
Capital Group Municipal Income ETF30%
Capital Group Short Duration Municipal Income ETF34%
As of 04/01/2026 (updated daily).
MODEL HISTORICAL ALLOCATIONS
assetMix, UNDFUNDHAFMP

Asset Mix

U.S. Equities
17.1%
Non-U.S. Equities
3.4%
U.S. Bonds
72.9%
Non-U.S. Bonds
0.1%
assetMixCE
Cash Equivalents 1
6.5%
As of 02/28/2026 (updated monthly)

Market Capitalization

$264,260.30 Mil
Average
mktCapitalizationAvg
81.3%
Large
17.4%
Medium
1.3%
Small
As of 12/31/2025 (updated quarterly).

Description

Objective
Seeks current income and preservation of capital primarily through a diversified portfolio of higher-quality, tax-exempt, fixed-income securities and dividend-paying equities.
Distinguishing Characteristics
Pursues its investment objectives by investing in a mix of 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.

Facts

ID
Model Composite Inception
08/31/2019
Companies/Issuers
1380
Holdings are as of 02/28/2026 (updated monthly).
portfolioTurnover
Portfolio Turnover
41.6%
Holdings are as of 02/28/2026 (updated monthly).
RSG_YTD, RSNF_YTD, RSGA_LT, RSNFA_LT

Returns 2

  • Month-End Returns as of 02/28/2026
  • Quarter-End Returns as of 12/31/2025
    • Read important investment disclosures
    • ●Composite Gross
    • ●Composite Net
    • ●Index
    Returns table
    STRATEGYYear-to-date1 Year3 Year5 YearSince inception

    Index data refers to the Tax-Aware Conservative Income Model Portfolio Index Blend.

    Model Composite Inception: 08/31/2019.

    Returns greater than one year are annualized.

    Valuation

    Price/ Book tooltip: Price-to-book ratio compares a stock's market value to the value of total assets less total liabilities (book value). Adjusted for stock splits. Price/ Cash Flow tooltip: Price-to-cash-flow (P/C) ratio is the average price to cash flow ratio of the individual stocks within a fund/model. Price/ Earnings tooltip: Price-to-earnings (P/E) ratio takes the current price of a stock divided by its earnings per share. The ratio reflects the cost of a given stock per dollar of current annual earnings and is the most common measure of a stock's expense. The higher the P/E, the more investors are paying, and therefore the more earnings growth they are expecting.
    Model
    		3.614.720.0
    Tax-Aware Conservative Income Model Portfolio Index Blend tooltip: 1804 definition not found.
    		5.519.327.3
    Model as of 12/31/2025. Index as of 12/31/2025.

    Portfolio Solutions Committee

    • Years of Experience with Capital Group
    • Years of Experience with Investment Industry
    Michelle Black
    24
    31
    Brittain Ezzes
    4
    28
    Samir Mathur
    13
    33
    Damien McCann
    26
    Wesley Phoa
    27
    33
    John Queen
    24
    36
    Andrew Suzman
    32

    A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

    Portfolio managers as of 04/04/2026. Portfolio managers' years of experience are as of the previous calendar year end.

    Risk

    Average Life Breakdown

    Read important investment disclosures

    0-4.9 Years
    		49.6%
    5-9.9 Years
    		31.2%
    10-19.9 Years
    		6.9%
    20-29.9 Years
    		3.8%
    30+ Years
    		0.7%
    % of net assets as of 12/31/2025 (updated quarterly)

    qualitySummary
    Quality Summary

    Read important investment disclosures

    AAA/Aaa
    		13.7%
    AA/Aa
    		40.1%
    A
    		18.5%
    BBB/Baa
    		7.4%
    BB/Ba
    		4.5%
    B
    		0.3%
    CCC & Below
    		0.1%
    Unrated
    		15.3%
    % of net assets as of 02/28/2026 (updated monthly)
    TTLHLD

    Holdings

    Total Bond Holdings

    Revenue bonds
    		90.5%
    General obligations
    		9.6%
    % of net assets as of 12/31/2025 (updated quarterly).

    Go to the underlying fund pages to see detailed holdings information

    Geographic Breakdown

    Regions
    |
    Top Countries
     
    United States
    		89.5%
    ALLCTRY_CECTRY
    Cash & equivalents 1
    		6.7%
    Europe
    		2.2%
    Asia & Pacific Basin
    		1.0%
    Other (Including Canada & Latin America)
    		0.5%
    % of net assets as of 12/31/2025 (updated quarterly)

    Expenses

    Weighted Average Expense Ratio

    WAERMP_WAERG
    American Funds Tax-Aware Conservative Income Model Portfolio
    		—
    WAERLC_AER
    Lipper Category Weighted Average
    		0.25
    Model as of the underlying funds' most recent prospectuses. Lipper Category as of 12/31/2025 (updated quarterly). The Lipper averages for the underlying funds are CGCV, CGUS, CGDG, CGDV, CGHM, CGMU and CGSM.

    Resources

    Literature for American Funds Tax-Aware Conservative Income Model Portfolio
    All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
    Totals may not reconcile due to rounding.
    Investment results assume all distributions are reinvested and reflect applicable fees and expenses.
    Results and results-based figures shown are preliminary and subject to change.
    1
    Includes cash, short-term securities, other assets less liabilities, accruals, derivatives and forwards. It may also include investments in money market or similar funds managed by the investment adviser or its affiliates that are not offered to the public.
    2
    Returns are in USD, are asset weighted, and reflect the reinvestment of dividends, interest and other earnings (net of withholding taxes).
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    Advisory services offered through Capital Research and Management Company (CRMC) and its RIA affiliates.
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