Investment Fund

Share Class

Summary

Internal Prompt
A balanced retirement income strategy. This portfolio is designed for retirees who seek a balanced approach to downside risk, income and growth of capital.
Price at NAV $12.30 as of 6/18/2024 (updated daily)
Fund Assets (millions) $1,430.9
Portfolio Solutions Committee Members
7
Expense Ratio
(Gross/Net %)
0.60 / 0.60%

Asset Mix

U.S. Equities35.7%
Non-U.S. Equities17.0%
U.S. Bonds37.5%
Non-U.S. Bonds5.4%
Cash & Equivalents
4.4%
As of 5/31/2024 (updated monthly)

Fund Statistics

5.8 years
Effective Duration
5.9%
Average Yield
to Worst
4.6%
Average Coupon
% of net assets as of 5/31/2024 (updated monthly)

Market Capitalization

81.7%
Large
17.1%
Medium
1.3%
Small
$118,292.65 Million
Weighted Average


As of 3/31/2024 (updated quarterly). Morningstar data as of 3/31/2024 (updated quarterly).

Growth of 10K

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For Class 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.
NBARX
S&P Target Date Retirement Income Index

High & Low Prices

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Returns at NAV

Returns with Sales Charge

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4.78%
1-year return
4.71%
5-year return
5.08%
Lifetime return (8/28/15)
2.74%
30-Day SEC Yield
Returns as of 5/31/24 (updated monthly). Yield as of 5/31/24 (updated monthly).

Description

Fund Objective
The fund strives for the balanced accomplishment of three investment objectives: current income, long-term growth of capital and conservation of capital.
Distinguishing Characteristics
The fund will invest in a mix of American Funds in varying combinations and weightings over time. The Moderate Portfolio offers investors an intermediate investment option, with greater potential for current income and long-term growth than the Conservative Portfolio, but less volatility and downside risk relative to the Enhanced Portfolio.
Types of Investments
The underlying American Funds will typically seek to generate income from their investments and will primarily consist of equity-income, fixed-income and balanced funds. The fund may also invest in growth-and-income funds. Through its investments in the underlying funds, the fund will have significant exposure to dividend-paying and growth-oriented common stocks and to fixed-income securities.

Fund Facts

Fund Inception 8/28/2015
Fund Assets (millions)
As of 5/31/2024
$1,430.9
Companies/Issuers
Holdings are as of 5/31/2024 (updated monthly).
2415+
Shareholder Accounts
Shareholder accounts are as of 5/31/2024
11,084
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2023) 6%
Fiscal Year-End Oct
Prospectus Date 01/01/2024
CUSIP 02631L 84 1
Fund Number 30110

Returns

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Month-End Returns as of 5/31/24

Quarter-End Returns as of 3/31/24

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Volatility & Return

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Volatility & Return chart is not available for funds less than 10 years old.

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Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 3.00% N/A
Fund at MOP 2.83% 2.74%
As of 5/31/2024 (updated monthly)

Valuation

Price/ Price/ Price/
Book Cash Flow Earnings
Fund 2.83 11.47 16.56
S&P Target Date Retirement Income Index
2.50 11.30 17.60
Fund as of 3/31/24. Index as of 3/31/24.

Portfolio Solutions Committee

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Alan N. Berro 9 33 38
Michelle J. Black 4 22 29
Brittain Ezzes 1 2 26
Samir Mathur 4 11 31
Wesley K. Phoa 9 25 30
John R. Queen 4 22 34
Andrew B. Suzman 9 30
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(680)
3-yr. Morningstar RatingTM
(680 funds rated)
5-yr. Morningstar RatingTM
(642 funds rated)
10-yr. Morningstar RatingTM
(-- funds rated)
--
Overall Morningstar Risk Low
HIGH
LOW
Category Moderate Allocation
Ratings are based on risk-adjusted returns as of 5/31/2024 (updated monthly).

Risk Measures

Fund
Standard Deviation
10.05
Sharpe Ratio
0.40
For the 5 Years ending 5/31/24 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
S&P Target Date Retirement Income Index
Morningstar Mod Tgt Risk TR USD
R-squared 93 97
Beta 1.24 0.80
Capture Ratio (Downside/Upside) 130/133 80/83
American Funds Benchmark for the 5 Years ending 5/31/24 (updated monthly).
Morningstar Benchmark for the 5 Years ending 5/31/24 (updated monthly).
U.S. Treasuries/Agencies
7.4%
AAA/Aaa
14.8%
AA/Aa
1.7%
A
5.3%
BBB/Baa
5.7%
BB/Ba
4.2%
B
2.0%
CCC & Below
0.6%
Unrated
1.0%
Cash & equivalents
4.5%
% of net assets as of 5/31/2024 (updated monthly)

Average Life Breakdown

0-4.9 Years
17.5%
5-9.9 Years
19.3%
10-19.9 Years
2.5%
20-29.9 Years
3.0%
30+ Years
0.3%
% of net assets as of 3/31/2024 (updated monthly)

Holdings

Equities Breakdown

Equity Fund Holdings
Information technology 8.6%
Financials 8.3%
Health care 6.6%
Industrials 6.3%
Consumer staples 5.4%
Energy 3.9%
Consumer discretionary 3.3%
Utilities 3.2%
Communication services 3.1%
Materials 2.3%
Real estate 1.7%

% of net assets as of 5/31/2024 (updated monthly)

Bonds Breakdown

Geographic Breakdown

United States
73.2%
Europe
11.7%
Asia & Pacific Basin
4.8%
Other (Including Canada & Latin America)
5.9%
Cash & equivalents
4.4%
% of net assets as of 5/31/2024 (updated monthly)

Prices & Distributions

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Historical Prices Month-End

Historical Prices Year-End

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Historical Distributions as of 06/18/24

2024
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
03/26/24 03/26/24 03/27/24 $0.061 $0.00 $0.00 $0.00 $12.06
2024 Year-to-Date: Dividends Subtotal: $0.061 Cap Gains Subtotal: $0.00
Total Distributions: $0.061

Fees & Expenses

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Fees

Annual Management Fees 0.00%
Other Expenses 0.05%
Acquired (Underlying) Fund Fees and Expenses 0.30%
Service 12b-1 0.25%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

NBARX 0.60%
Lipper Retirement Income Funds Average
0.72%
Fund as of most recent prospectus. Lipper Category as of 3/31/24 (updated quarterly).

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