American Funds Preservation Portfolio - A

Seeking income and preservation. As part of a diversified investment strategy, this fund of funds seeks to provide investors a source of current income.

Price at NAV $9.22 as of 9/21/2023 (updated daily)

Fund Assets (millions) $2,117.3

Portfolio Solutions Committee Members

Expense Ratio

0.64%

Prospectus (PDF)

Underlying Funds

	Bond	100%
	Intermediate Bond Fund of America ®	45%
	Short-Term Bond Fund of America ®	55%

As of 8/31/2023 (updated monthly)

QUARTERLY HOLDINGS

Asset Mix

	U.S. Equities0.0%		Non-U.S. Equities0.0%
	U.S. Bonds89.4%		Non-U.S. Bonds6.1%
	Cash & Equivalents 4.5%

	U.S. Equities0.0%
	Non-U.S. Equities0.0%
	U.S. Bonds89.4%
	Non-U.S. Bonds6.1%
	Cash & Equivalents 4.5%

As of 8/31/2023 (updated monthly)

Fund Statistics

3 years

Effective Duration

Average Yield
to Worst

3.5%

Average Coupon

% of net assets as of 6/30/2023 (updated quarterly)

Growth of 10K
High & Low Prices

Growth of 10K

Read important investment disclosures

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 12/31/2022.

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PPVAX

Bloomberg 1-5 Year U.S. Government/Credit A+ Index

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High & Low Prices

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Returns at NAV
Returns with Sales Charge

Returns at NAV

Returns with Sales Charge

Read important investment disclosures

-2.74%

1-year return

0.45%

5-year return

0.74%

10-year return

3.49%

30-Day SEC Yield

Returns as of 8/31/23 (updated monthly). Yield as of 8/31/23 (updated monthly).

Morningstar Style Box^TM— Fixed-Income

High Quality

Limited Interest-Rate Sensitivity

Morningstar data as of 6/30/23 (updated quarterly)

Description

Fund Objective

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

Distinguishing Characteristics

The fund will attempt to achieve its investment objectives by investing in a mix of American Funds in different combinations and weightings.

Types of Investments

Principally invest in funds that seek current income through bond investments.

Fund Facts

Fund Inception	5/18/2012
Fund Assets (millions) As of 8/31/2023	$2,117.3
Companies/Issuers Holdings are as of 6/30/2023 (updated quarterly).	949+
Shareholder Accounts Shareholder accounts are as of 8/31/2023	46,478
Regular Dividends Paid	Monthly

Minimum Initial Investment	$250
Capital Gains Paid	Dec
Portfolio Turnover (2022)	20%
Fiscal Year-End	Oct
Prospectus Date	01/01/2023
CUSIP	02630Y 79 4
Fund Number	45

Returns LEARN ABOUT THE SYSTEM BEHIND OUR RESULTS

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Month-End Returns as of 8/31/23
Quarter-End Returns as of 6/30/23

ANNUAL RETURNS CHART

Month-End Returns as of 8/31/23

Returns at NAV

| With Sales Charge

Read important investment disclosures

PPVAX

Bloomberg 1-5 Year U.S. Government/Credit A+ Index

ANNUAL RETURNS CHART

Quarter-End Returns as of 6/30/23

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Volatility & Return

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Read important investment disclosures

Equities

For Class A Shares, this chart tracks the 10-year standard deviation

and 10-year annualized return of the equity funds

PPVAX

Bloomberg 1-5 Year U.S. Government/Credit A+ Index

Other AF Funds

Standard Deviation as of 08/31/2023 (updated monthly) . Annualized return as of 08/31/2023 (updated monthly) .

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Yield

	12-month
	Distribution Rates	30-day SEC Yield
Fund at NAV	2.91%	N/A
Fund at MOP	2.84%	3.49%

As of 8/31/2023 (updated monthly)

Valuation

	Price/	Price/	Price/
	Book	Cash Flow	Earnings
Fund	--	--	--
Bloomberg 1-5 Year U.S. Government/Credit A+ Index	--	--	--

Fund as of 6/30/23. Index as of --.

Portfolio Solutions Committee

Years of Experience with Fund

Years of Experience with Capital Group

Years of Experience with Investment Industry

Alan N. Berro 37 32 11

Michelle J. Black 28 21 3

Samir Mathur 30 10 3

Wesley K. Phoa 29 24 11

John R. Queen 33 21 3

William L. Robbins 31 28 3

Andrew B. Suzman 29 29 11

Alan N. Berro	11	32	37
Michelle J. Black	3	21	28
Samir Mathur	3	10	30
Wesley K. Phoa	11	24	29
John R. Queen	3	21	33
William L. Robbins	3	28	31
Andrew B. Suzman	11	29

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 Rating^TM Funds rated(532)
3-yr. Morningstar Rating^TM (532 funds rated)
5-yr. Morningstar Rating^TM (488 funds rated)
10-yr. Morningstar Rating^TM (354 funds rated)
Overall Morningstar Risk	Average HIGH LOW
Category	Short-Term Bond

ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS

Ratings are based on risk-adjusted returns as of 8/31/2023 (updated monthly).

Risk Measures

		Fund
Standard Deviation		2.16
Sharpe Ratio		-0.06
For the 10 Years ending 8/31/23 (updated monthly).
American Funds Benchmark		Morningstar Benchmark
Bloomberg 1-5 Year U.S. Government/Credit A+ Index		Bloomberg US Agg Bond TR USD
R-squared	93	84
Beta	1.06	0.46
Capture Ratio (Downside/Upside)	113/105	41/47
American Funds Benchmark for the 10 Years ending 6/30/23 (updated quarterly). Morningstar Benchmark for the 10 Years ending 8/31/23 (updated monthly).

Quality Summary

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U.S. Treasuries/Agencies

32.9%

AAA/Aaa

40.0%

AA/Aa

6.3%

8.9%

BBB/Baa

3.4%

Unrated

2.5%

Cash & equivalents

6.1%

% of net assets as of 6/30/2023 (updated quarterly)

Average Life Breakdown

0-4.9 Years

73.2%

5-9.9 Years

18.9%

10-19.9 Years

1.8%

20-29.9 Years

0.0%

30+ Years

0.0%

% of net assets as of 6/30/2023 (updated quarterly)

Holdings

Bonds Breakdown

Total bond holdings

U.S. government & government agency bonds & notes 33.2%

Mortgage-backed obligations + 25.0%

Asset-backed obligations 17.5%

Corporate bonds, notes & loans + 14.1%

Financials	6.4%
Utilities	1.9%
Health Care	1.5%
Consumer discretionary	1.1%
Consumer staples	0.8%
Telecommunication services	0.7%
Industrials	0.5%
Materials	0.4%
Information technology	0.3%
Other corporate bonds, notes & loans	0.3%
Energy	0.2%

Non-U.S. government/agency securities 3.9%

Municipal securities 0.2%

% of net assets as of 6/30/2023 (updated quarterly)

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

Bond Funds
- Intermediate Bond Fund of America ®
- Short-Term Bond Fund of America ®

Prices & Distributions

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Historical Prices Month-End
Historical Prices Year-End

FIND HISTORICAL PRICES

Historical Prices Month-End

2023

FIND HISTORICAL PRICES

Historical Prices Year-End

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Historical Distributions as of 09/21/23

Historical Distributions as of 09/21/23

2023

Record Date	Calculated Date	Pay Date	Income Dividend Regular	Income Dividend Special	Cap. Gains Long-Term	Cap. Gains Short-Term	Reinvest NAV
01/27/23	01/27/23	01/30/23	$0.0121	$0.00	$0.00	$0.00	$9.45
02/24/23	02/24/23	02/27/23	$0.0146	$0.00	$0.00	$0.00	$9.30
03/29/23	03/29/23	03/30/23	$0.0216	$0.00	$0.00	$0.00	$9.45
04/26/23	04/26/23	04/27/23	$0.025	$0.00	$0.00	$0.00	$9.49
05/26/23	05/26/23	05/30/23	$0.0223	$0.00	$0.00	$0.00	$9.34
06/28/23	06/28/23	06/29/23	$0.0237	$0.00	$0.00	$0.00	$9.32
07/27/23	07/27/23	07/28/23	$0.0292	$0.00	$0.00	$0.00	$9.26
08/29/23	08/29/23	08/30/23	$0.028	$0.00	$0.00	$0.00	$9.27
		2023 Year-to-Date:	Dividends Subtotal: $0.1765		Cap Gains Subtotal: $0.00
			Total Distributions: $0.1765

Rate	As of Date
0.00000000	08/30/2023
0.00000000	08/31/2023
0.00000000	09/01/2023
0.00000000	09/05/2023
0.00000000	09/06/2023
0.00000000	09/07/2023
0.00000000	09/08/2023
0.00000000	09/11/2023
0.00000000	09/12/2023
0.00000000	09/13/2023
0.00000000	09/14/2023
0.00000000	09/15/2023
0.00000000	09/18/2023
0.00000000	09/19/2023
0.00000000	09/20/2023
0.00000000	09/21/2023

FIND HISTORICAL DISTRIBUTIONS

Rate		As of-Date
0.00000000		08/30/2023
0.00000000		08/31/2023
0.00000000		09/01/2023
0.00000000		09/05/2023
0.00000000		09/06/2023
0.00000000		09/07/2023
0.00000000		09/08/2023
0.00000000		09/11/2023
0.00000000		09/12/2023
0.00000000		09/13/2023
0.00000000		09/14/2023
0.00000000		09/15/2023
0.00000000		09/18/2023
0.00000000		09/19/2023
0.00000000		09/20/2023
0.00000000		09/21/2023

Fees & Expenses

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Fees


Annual Management Fees	0.00%
Other Expenses	0.08%
Acquired (Underlying) Fund Fees and Expenses	0.26%
Service 12b-1	0.30%

As of each fund's most recent prospectus.

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Expense Ratio

PPVAX	0.64%
Lipper Short-Intmdt Investment Grade Debt Funds Average	0.62%

Fund as of most recent prospectus. Lipper Category as of 6/30/23 (updated quarterly).

Resources

Prospectuses & Reports for PPVAX

Quarterly Fund Fact Sheet (PDF) 07/23
Fund Commentary (PDF) 08/23
Summary Prospectus (PDF) 01/23
Prospectus (PDF) 01/23
Statement of additional information (PDF) 01/23
Semi-Annual Report (PDF) 06/23
Annual Report (PDF) 12/22

About Our Funds

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Stats Update (PDF)
Resource Guide (PDF)
2Q-2023 Quarterly Statistical Update (PDF)

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Investment Fund

American Funds Preservation Portfolio SM (PPVAX)

Summary

Underlying Funds

Asset Mix