Investment Fund

Share Class
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Summary

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Price at NAV $9.62 as of 4/29/2026 (updated daily)
Fund Assets (millions) $3,182.6
Target Date Solutions Committee Members
8
Expense Ratio
(Gross/Net %)
0.66 / 0.66%
Prospectus

  • Underlying Funds

  • Current Allocation

 Growth-and-Income 8.6%
American Mutual Fund® 8.6%
Equity-Income/Balanced 4.8%
American Balanced Fund® 4.8%
Bond 86.5%
American Funds Mortgage Fund® 10.1%
American Funds® Strategic Bond Fund 5%
Intermediate Bond Fund of America® 31.2%
Short-Term Bond Fund of America® 40.2%
As of 3/31/2026 (updated monthly)
QUARTERLY HOLDINGS

Asset Mix

U.S. Equities10.1%
Non-U.S. Equities1.0%
U.S. Bonds78.9%
Non-U.S. Bonds3.3%
Cash & Equivalents
6.7%
As of 3/31/2026 (updated monthly)

Fund Statistics

4 years
Effective Duration
4.6%
Average Yield
to Worst
4.2%
Average Coupon
% of net assets as of 3/31/2026 (updated monthly)

Growth of 10K

Read important investment disclosures
For Class 529-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 12/31/2025.
CENAX
Bloomberg U.S. Aggregate 1-5 Years Index
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High & Low Prices

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Returns at NAV

Returns with Sales Charge

Read important investment disclosures
2.60%
1-year return
1.44%
5-year return
1.72%
10-year return
3.39%
30-Day SEC Yield
Returns as of 3/31/26 (updated monthly). Yield as of 3/31/26 (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 3/31/2026
 $3,182.6
Shareholder Accounts
Shareholder accounts are as of 3/31/2026
 91,334
Regular Dividends Paid
Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2025) 10%
Fiscal Year-End Oct
Prospectus Date 01/01/2026
CUSIP 02629M 64 5
Fund Number 1088

Returns

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Month-End Returns as of 3/31/26

Returns at NAV
| With Sales Charge
Read important investment disclosures
CENAX
Bloomberg U.S. Aggregate 1-5 Years Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 3/31/26

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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 03/31/2026 (updated monthly) . Annualized return as of 03/31/2026 (updated monthly) .
VIEW LARGER CHART
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Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 3.89% N/A
Fund at MOP 3.79% 3.39%
As of 3/31/2026 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 3.55 12.19 18.61
Bloomberg U.S. Aggregate 1-5 Years Index
-- -- --
Fund as of 3/31/26. Index as of --.

Target Date Solutions Committee

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
David Hoag 6 34 38
Samir Mathur 6 13 33
Raj Paramaguru 2 13 21
Wesley Phoa 13 27 33
Will Robbins 2 31 34
Jessica Spaly 3 22 27
Shannon Ward 5 9 33
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

Risk Measures

Fund
Standard Deviation
3.12
Sharpe Ratio
-0.11
For the 10 Years ending 3/31/26 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
Bloomberg U.S. Aggregate 1-5 Years Index
Bloomberg US Agg Bond TR USD
R-squared
87 87
Beta
0.57 0.57
Capture Ratio (Downside/Upside)
45/61 45/61
American Funds Benchmark for the 10 Years ending 3/31/26 (updated monthly).
Morningstar Benchmark for the 10 Years ending 3/31/26 (updated monthly).
U.S. Treasuries/Agencies
27.5%
AAA/Aaa
19.1%
AA/Aa
21.0%
A
8.3%
BBB/Baa
3.3%
BB/Ba
0.4%
B
0.2%
CCC & Below
0.0%
Unrated
2.5%
Cash & equivalents
6.7%
% of net assets as of 3/31/2026 (updated monthly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 2.4%
Health care 1.5%
Financials 1.4%
Industrials 1.3%
Consumer staples 1.1%
Utilities 0.7%
Consumer discretionary 0.7%
Communication services 0.6%
Energy 0.6%
Materials 0.5%
Real estate 0.3%

% of net assets as of 3/31/2026 (updated monthly)

Bonds Breakdown

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

Geographic Breakdown

Regions
United States
89.0%
Europe
1.7%
Asia & Pacific Basin
0.7%
Other (Including Canada & Latin America)
1.9%
Cash & equivalents
6.7%
% of net assets as of 3/31/2026 (updated monthly)

Prices & Distributions

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Historical Prices Month-End

2026

Historical Prices Year-End

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Historical Distributions as of 01/26/26

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
12/23/25 12/23/25 12/24/25 $0.3721 $0.00 $0.00 $0.00 $9.57
2025 Year-to-Date: Dividends Subtotal: $0.3721 Cap Gains Subtotal: $0.00
Total Distributions: $0.3721

Fees & Expenses

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Fees

Annual Management Fees 0.00%
Other Expenses 0.16%
Acquired (Underlying) Fund Fees and Expenses 0.27%
Service 12b-1 0.23%
As of each fund's most recent prospectus.
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Expense Ratio

CENAX 0.66%
Lipper Short-Intmdt Investment Grade Debt Funds Average
0.62%
Fund as of most recent prospectus. Lipper Category as of 3/31/26 (updated quarterly).