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RETIREMENT PLAN INVESTOR

Use your plan ID (available on your account statement) to determine which employer-sponsored retirement plan website to use:

IF YOUR PLAN ID BEGINS WITH IRK, BRK, 1 OR 2

Visit americanfunds.com/retire

IF YOUR PLAN ID BEGINS WITH 34 OR 135

Visit myretirement.americanfunds.com

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Investment Fund

®

Share Class

Summary

Internal Prompt
Price at NAV $9.24 as of 11/28/2023 (updated daily)
Fund Assets (millions) $1,637.7
Target Date Solutions Committee Members
6
Expense Ratio
(Gross/Net %)
0.69 / 0.69%

Asset Mix

U.S. Equities10.2%
Non-U.S. Equities0.8%
U.S. Bonds79.6%
Non-U.S. Bonds5.3%
Cash & Equivalents
4.0%
As of 10/31/2023 (updated monthly)

Fund Statistics

3.6 years
Effective Duration
6%
Average Yield
to Worst
4%
Average Coupon
% of net assets as of 10/31/2023 (updated monthly)

Growth of 10K

High & Low Prices

Internal Prompt

Returns at NAV

Returns with Sales Charge

Read important investment disclosures
-0.88%
1-year return
0.08%
5-year return
0.41%
10-year return
3.40%
30-Day SEC Yield
Returns as of 10/31/23 (updated monthly). Yield as of 10/31/23 (updated monthly).

Description

Fund Objective
The fund's investment objective is to provide current income, consistent with preservation of capital.

Fund Facts

Fund Inception 9/14/2012
Fund Assets (millions)
As of 10/31/2023
$1,637.7
Shareholder Accounts
Shareholder accounts are as of 10/31/2023
56,140
Regular Dividends Paid
Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2022) 7%
Fiscal Year-End Oct
Prospectus Date 01/01/2023
CUSIP 02629M 64 5
Fund Number 1088

Returns

Internal Prompt

Month-End Returns as of 10/31/23

Quarter-End Returns as of 9/30/23

Internal Prompt

Volatility & Return

Read important investment disclosures
For Class 529-A Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
CENAX
Bloomberg U.S. Aggregate 1-5 Years Index
Other AF Funds
Standard Deviation as of 10/31/2023 (updated monthly) . Annualized return as of 10/31/2023 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 2.33% N/A
Fund at MOP 2.27% 3.40%
As of 10/31/2023 (updated monthly)

Valuation

Price/ Price/ Price/
Book Cash Flow Earnings
Fund 2.99 11.43 15.53
Bloomberg U.S. Aggregate 1-5 Years Index
-- -- --
Fund as of 9/30/23. Index as of --.

Target Date Solutions Committee

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Michelle J. Black 3 21 28
David A. Hoag 3 31 35
Samir Mathur 3 10 30
Wesley K. Phoa 11 24 29
Jessica C. Spaly 1 19 26
Shannon Ward 2 6 31
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Risk Measures

Fund
Standard Deviation
2.58
Sharpe Ratio
-0.21
For the 10 Years ending 10/31/23 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
Bloomberg U.S. Aggregate 1-5 Years Index
Bloomberg US Agg Bond TR USD
R-squared 91 86
Beta 1.24 0.54
Capture Ratio (Downside/Upside) 128/107 46/50
American Funds Benchmark for the 10 Years ending 9/30/23 (updated quarterly).
Morningstar Benchmark for the 10 Years ending 10/31/23 (updated monthly).
U.S. Treasuries/Agencies
22.3%
AAA/Aaa
44.9%
AA/Aa
5.4%
A
7.0%
BBB/Baa
2.9%
BB/Ba
0.4%
B
0.1%
CCC & Below
0.0%
Unrated
1.9%
Cash & equivalents
3.9%
% of net assets as of 10/31/2023 (updated monthly)

Holdings

Equities Breakdown

Equity Fund Holdings
Health care 2.0%
Information technology 1.8%
Industrials 1.7%
Financials 1.5%
Consumer staples 1.0%
Energy 0.7%
Consumer discretionary 0.6%
Utilities 0.6%
Communication services 0.5%
Materials 0.4%
Real estate 0.3%

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

Bonds Breakdown

Geographic Breakdown

United States
89.9%
Europe
3.3%
Asia & Pacific Basin
0.8%
Other (Including Canada & Latin America)
1.9%
Cash & equivalents
4.0%
% of net assets as of 10/31/2023 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 01/26/23

2022
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
12/22/22 12/22/22 12/23/22 $0.2095 $0.00 $0.00 $0.00 $9.06
2022 Year-to-Date: Dividends Subtotal: $0.2095 Cap Gains Subtotal: $0.00
Total Distributions: $0.2095

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.00%
Other Expenses 0.19%
Acquired (Underlying) Fund Fees and Expenses 0.27%
Service 12b-1 0.23%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

CENAX 0.69%
Lipper Short-Intmdt Investment Grade Debt Funds Average
0.61%
Fund as of most recent prospectus. Lipper Category as of 9/30/23 (updated quarterly).

Resources