Investment Fund

Share Class

Summary

Internal Prompt
Price at NAV $9.98 as of 12/04/2025 (updated daily)
Fund Assets (millions) $3,507.9
Target Date Solutions Committee Members
8
Expense Ratio
(Gross/Net %)
1.45 / 1.45%
Prospectus

  • Underlying Funds

  • Current Allocation

 Growth-and-Income 8.9%
American Mutual Fund® 8.9%
Equity-Income/Balanced 5%
American Balanced Fund® 5%
Bond 86.1%
American Funds Mortgage Fund® 10%
American Funds® Strategic Bond Fund 5%
Intermediate Bond Fund of America® 31%
Short-Term Bond Fund of America® 40.1%
As of 10/31/2025 (updated monthly)
QUARTERLY HOLDINGS

Asset Mix

U.S. Equities10.8%
Non-U.S. Equities1.0%
U.S. Bonds73.7%
Non-U.S. Bonds3.2%
Cash & Equivalents
11.3%
As of 10/31/2025 (updated monthly)

Fund Statistics

3.5 years
Effective Duration
4.1%
Average Yield
to Worst
4.3%
Average Coupon
% of net assets as of 10/31/2025 (updated monthly)

Growth of 10K

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High & Low Prices

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Returns at NAV

Returns with CDSC

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4.87%
1-year return
1.00%
5-year return
1.72%
10-year return
2.74%
30-Day SEC Yield
Returns as of 11/30/25 (updated monthly). Yield as of 10/31/25 (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 10/31/2025
 $3,507.9
Shareholder Accounts
Shareholder accounts are as of 10/31/2025
 12,504
Regular Dividends Paid
Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2024) 5%
Fiscal Year-End Oct
Prospectus Date 01/01/2025
CUSIP 02629M 62 9
Fund Number 1388

Returns

Internal Prompt

Month-End Returns as of 11/30/25

Returns at NAV
| with CDSC
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CENCX
Bloomberg U.S. Aggregate 1-5 Years Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 9/30/25

Internal Prompt

Volatility & Return

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For Class 529-C Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
CENCX
Bloomberg U.S. Aggregate 1-5 Years Index
Other AF Funds
Standard Deviation as of 11/30/2025 (updated monthly) . Annualized return as of 11/30/2025 (updated monthly) .
VIEW LARGER CHART
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Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 2.44% 2.74%
Fund at MOP N/A N/A
As of 10/31/2025 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 3.58 14.22 19.40
Bloomberg U.S. Aggregate 1-5 Years Index
-- -- --
Fund as of 9/30/25. 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 5 33 37
Samir Mathur 5 12 32
Raj Paramaguru 1 12 20
Wesley Phoa 12 26 32
Will Robbins 1 30 33
Jessica Spaly 2 21 26
Shannon Ward 4 8 32
Michelle Black 5 23 30
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
3.09
Sharpe Ratio
-0.28
For the 10 Years ending 11/30/25 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
Bloomberg U.S. Aggregate 1-5 Years Index
Bloomberg US Agg Bond TR USD
R-squared
88 88
Beta
0.56 0.56
Capture Ratio (Downside/Upside)
51/54 50/55
American Funds Benchmark for the 10 Years ending 10/31/25 (updated monthly).
Morningstar Benchmark for the 10 Years ending 11/30/25 (updated monthly).
U.S. Treasuries/Agencies
21.9%
AAA/Aaa
19.1%
AA/Aa
23.4%
A
6.9%
BBB/Baa
2.9%
BB/Ba
0.4%
B
0.2%
CCC & Below
0.0%
Unrated
2.1%
Cash & equivalents
11.3%
% of net assets as of 10/31/2025 (updated monthly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 3.2%
Financials 1.7%
Industrials 1.6%
Health care 1.4%
Consumer staples 0.8%
Utilities 0.7%
Communication services 0.7%
Consumer discretionary 0.6%
Energy 0.4%
Materials 0.4%
Real estate 0.3%

% of net assets as of 10/31/2025 (updated monthly)

Bonds Breakdown

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

Geographic Breakdown

Regions
United States
84.5%
Europe
1.7%
Asia & Pacific Basin
0.8%
Other (Including Canada & Latin America)
1.7%
Cash & equivalents
11.3%
% of net assets as of 10/31/2025 (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
12/23/24 12/23/24 12/24/24 $0.242 $0.00 $0.00 $0.00 $9.35
2024 Year-to-Date: Dividends Subtotal: $0.242 Cap Gains Subtotal: $0.00
Total Distributions: $0.242

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.00%
Other Expenses 0.17%
Acquired (Underlying) Fund Fees and Expenses 0.28%
Service 12b-1 1.00%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

CENCX 1.45%
Lipper Short-Intmdt Investment Grade Debt Funds Average
1.40%
Fund as of most recent prospectus. Lipper Category as of 9/30/25 (updated quarterly).