Investment Fund

Share Class

Summary

Internal Prompt
Price at NAV $9.07 as of 4/18/2024 (updated daily)
Fund Assets (millions) $1,529.7
Target Date Solutions Committee Members
8
Expense Ratio
(Gross/Net %)
0.69 / 0.69%
Prospectus (PDF)

  • Underlying Funds

  • Current Allocation

 Growth-and-Income 9%
American Mutual Fund® 9%
Equity-Income/Balanced 5%
American Balanced Fund® 5%
Bond 86%
American Funds Mortgage Fund® 10%
American Funds® Strategic Bond Fund 5%
Intermediate Bond Fund of America® 26%
Short-Term Bond Fund of America® 45%
As of 3/31/2024 (updated monthly)
QUARTERLY HOLDINGS

Asset Mix

U.S. Equities10.8%
Non-U.S. Equities1.0%
U.S. Bonds77.2%
Non-U.S. Bonds5.1%
Cash & Equivalents
5.9%
As of 3/31/2024 (updated monthly)

Fund Statistics

3 years
Effective Duration
5.1%
Average Yield
to Worst
4%
Average Coupon
% of net assets as of 3/31/2024 (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 12/31/2023.
CENAX
Bloomberg U.S. Aggregate 1-5 Years Index
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High & Low Prices

Internal Prompt

Returns at NAV

Returns with Sales Charge

Read important investment disclosures
0.76%
1-year return
0.65%
5-year return
0.97%
10-year return
3.64%
30-Day SEC Yield
Returns as of 3/31/24 (updated monthly). Yield as of 3/31/24 (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 2/29/2024
 $1,529.7
Shareholder Accounts
Shareholder accounts are as of 3/31/2024
 118,371
Regular Dividends Paid
Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2023) 18%
Fiscal Year-End Oct
Prospectus Date 01/01/2024
CUSIP 02629M 64 5
Fund Number 1088

Returns

Internal Prompt

Month-End Returns as of 3/31/24

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 3/31/24

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 03/31/2024 (updated monthly) . Annualized return as of 03/31/2024 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 3.57% N/A
Fund at MOP 3.48% 3.64%
As of 3/31/2024 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 3.43 13.84 18.85
Bloomberg U.S. Aggregate 1-5 Years Index
-- -- --
Fund as of 3/31/24. 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 4 22 29
David A. Hoag 4 32 36
Samir Mathur 4 11 31
Raj Paramaguru 1 11 19
Wesley K. Phoa 12 25 30
William L. Robbins 1 29 32
Jessica C. Spaly 1 20 25
Shannon Ward 3 7 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
2.80
Sharpe Ratio
-0.08
For the 10 Years ending 3/31/24 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
Bloomberg U.S. Aggregate 1-5 Years Index
Bloomberg US Agg Bond TR USD
R-squared
91 87
Beta
1.26 0.54
Capture Ratio (Downside/Upside)
126/110 44/52
American Funds Benchmark for the 10 Years ending 3/31/24 (updated monthly).
Morningstar Benchmark for the 10 Years ending 3/31/24 (updated monthly).
U.S. Treasuries/Agencies
21.6%
AAA/Aaa
43.4%
AA/Aa
4.4%
A
7.7%
BBB/Baa
2.8%
BB/Ba
0.4%
B
0.1%
CCC & Below
0.0%
Unrated
2.0%
Cash & equivalents
6.1%
% of net assets as of 3/31/2024 (updated monthly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 2.2%
Health care 2.0%
Industrials 1.8%
Financials 1.7%
Consumer staples 1.0%
Energy 0.7%
Utilities 0.6%
Consumer discretionary 0.6%
Communication services 0.5%
Materials 0.4%
Real estate 0.3%

% of net assets as of 3/31/2024 (updated monthly)

Bonds Breakdown

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

Geographic Breakdown

Regions
United States
88.0%
Europe
2.9%
Asia & Pacific Basin
0.9%
Other (Including Canada & Latin America)
2.3%
Cash & equivalents
5.9%
% of net assets as of 3/31/2024 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

2024

Historical Prices Year-End

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Historical Distributions as of 01/25/24

FIND HISTORICAL DISTRIBUTIONS
2023
Record
Date		 Calculated
Date		 Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
12/21/23 12/21/23 12/22/23 $0.3281 $0.00 $0.00 $0.00 $9.10
2023 Year-to-Date: Dividends Subtotal: $0.3281 Cap Gains Subtotal: $0.00
Total Distributions: $0.3281

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.00%
Other Expenses 0.18%
Acquired (Underlying) Fund Fees and Expenses 0.27%
Service 12b-1 0.24%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

CENAX 0.69%
Lipper Short-Intmdt Investment Grade Debt Funds Average
0.63%
Fund as of most recent prospectus. Lipper Category as of 3/31/24 (updated quarterly).

Resources

Prospectuses & Reports for CENAX