American Funds Conservative Growth and Income Portfolio - R-1

Focuses on income. With exposure to a diverse mix of stocks from dividend-paying companies and fixed-income securities, seeks to help investors pursue current income and long-term growth potential.

Price at NAV $12.30 as of 11/29/2023 (updated daily)

Fund Assets (millions) $6,781.9

Portfolio Solutions Committee Members

Expense Ratio
(Gross/Net %)

1.36 / 1.36%

Prospectus (PDF)

Underlying Funds

	Growth-and-Income	19.9%
	American Mutual Fund ®	10%
	Washington Mutual Investors Fund ^SM	9.9%
	Equity-Income	38%
	Capital Income Builder ®	19%
	The Income Fund of America ®	19%
	Bond	42%
	American Funds Multi-Sector Income Fund ^SM	16%
	American High-Income Trust ®	10%
	The Bond Fund of America ®	16%

As of 10/31/2023 (updated monthly)

QUARTERLY HOLDINGS

Asset Mix

	U.S. Equities35.4%		Non-U.S. Equities11.6%
	U.S. Bonds41.8%		Non-U.S. Bonds6.8%
	Cash & Equivalents 4.5%

	U.S. Equities35.4%
	Non-U.S. Equities11.6%
	U.S. Bonds41.8%
	Non-U.S. Bonds6.8%
	Cash & Equivalents 4.5%

As of 10/31/2023 (updated monthly)

Fund Statistics

5 years

Effective Duration

7.7%

Average Yield
to Worst

5.2%

Average Coupon

% of net assets as of 10/31/2023 (updated monthly)

Market Capitalization

81.2%

Large

17.6%

Medium

1.2%

Small

$93,551.20 Million

Weighted Average

As of 9/30/2023 (updated quarterly). Morningstar data as of 9/30/2023 (updated quarterly).

Growth of 10K
High & Low Prices

Growth of 10K

Read important investment disclosures

High & Low Prices

Internal Prompt

Returns at NAV
Returns with Sales Charge

Returns at NAV

Read important investment disclosures

1.97%

1-year return

3.40%

5-year return

3.75%

10-year return

3.20%

30-Day SEC Yield

Returns as of 10/31/23 (updated monthly). Yield as of 10/31/23 (updated monthly).

Returns with Sales Charge

Description

Fund Objective

The fund's investment objective is to provide current income and, secondarily, long-term growth of capital.

Distinguishing Characteristics

Pursues its investment objectives by investing in a mix of American Funds in different combinations and weightings.

Types of Investments

The underlying American Funds may represent a variety of fund categories such as bond funds, balanced funds, equity-income funds, and growth-and-income funds.

Fund Facts

Fund Inception	5/18/2012
Fund Assets (millions) As of 10/31/2023	$6,781.9
Companies/Issuers Holdings are as of 10/31/2023 (updated monthly).	2040+
Shareholder Accounts Shareholder accounts are as of 10/31/2023	54
Regular Dividends Paid	Mar, Jun, Sep, Dec

Minimum Initial Investment	$0
Capital Gains Paid	Dec
Portfolio Turnover (2022)	4%
Fiscal Year-End	Oct
Prospectus Date	01/01/2023
CUSIP	02630Y 33 1
Fund Number	2147

Returns LEARN ABOUT THE SYSTEM BEHIND OUR RESULTS

Internal Prompt

Month-End Returns as of 10/31/23
Quarter-End Returns as of 9/30/23

ANNUAL RETURNS CHART

Month-End Returns as of 10/31/23

Returns at NAV

| With Sales Charge

Read important investment disclosures

RNCAX

S&P 500 Index

ANNUAL RETURNS CHART

Quarter-End Returns as of 9/30/23

Internal Prompt

Volatility & Return

VIEW LARGER CHART

Read important investment disclosures

Equities

For Class R-1 Shares, this chart tracks the 10-year standard deviation

and 10-year annualized return of the equity funds

RNCAX

S&P 500 Index

Other AF Funds

Standard Deviation as of 10/31/2023 (updated monthly) . Annualized return as of 10/31/2023 (updated monthly) .

VIEW LARGER CHART

Internal Prompt

Yield

	12-month
	Distribution Rates	30-day SEC Yield
Fund at NAV	3.18%	3.20%
Fund at MOP	N/A	N/A

As of 10/31/2023 (updated monthly)

Valuation

	Price/	Price/	Price/
	Book	Cash Flow	Earnings
Fund	2.46	9.73	13.67
S&P 500 Index	3.50	12.80	17.80

Fund as of 9/30/23. Index as of 9/30/23.

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(441)
3-yr. Morningstar Rating^TM (441 funds rated)
5-yr. Morningstar Rating^TM (407 funds rated)
10-yr. Morningstar Rating^TM (291 funds rated)
Overall Morningstar Risk	Average HIGH LOW
Category	Moderately Conservative Allocation

ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS

Ratings are based on risk-adjusted returns as of 10/31/2023 (updated monthly).

Risk Measures

		Fund
Standard Deviation		7.98
Sharpe Ratio		0.34
For the 10 Years ending 10/31/23 (updated monthly).
American Funds Benchmark		Morningstar Benchmark
S&P 500 Index		Morningstar Mod Tgt Risk TR USD
R-squared	88	95
Beta	0.50	0.81
Capture Ratio (Downside/Upside)	56/47	85/83
American Funds Benchmark for the 10 Years ending 9/30/23 (updated quarterly). Morningstar Benchmark for the 10 Years ending 10/31/23 (updated monthly).

Quality Summary

Read important investment disclosures

U.S. Treasuries/Agencies

5.0%

AAA/Aaa

9.8%

AA/Aa

2.5%

5.2%

BBB/Baa

8.8%

BB/Ba

9.5%

5.0%

CCC & Below

1.4%

Unrated

1.5%

Cash & equivalents

4.5%

% of net assets as of 10/31/2023 (updated monthly)

Average Life Breakdown

0-4.9 Years

20.9%

5-9.9 Years

22.9%

10-19.9 Years

2.1%

20-29.9 Years

2.5%

30+ Years

0.3%

% of net assets as of 9/30/2023 (updated quarterly)

Holdings

Equities Breakdown
Bonds Breakdown

Equities Breakdown

Sectors | Top Industries

Equity Fund Holdings

	Health care 7.5%
	Financials 7.3%
	Information technology 6.2%
	Industrials 5.5%
	Consumer staples 5.2%
	Energy 3.9%
	Utilities 2.9%
	Consumer discretionary 2.6%
	Real estate 2.2%
	Communication services 2.0%
	Materials 1.7%

% of net assets as of 10/31/2023 (updated monthly)

Bonds Breakdown

Total bond holdings

Corporate bonds, notes & loans + 29.1%

Financials	5.5%
Energy	4.0%
Consumer discretionary	3.5%
Health Care	3.1%
Telecommunication services	2.8%
Industrials	2.4%
Materials	2.2%
Utilities	1.9%
Consumer staples	1.4%
Other corporate bonds, notes & loans	1.2%
Information technology	1.1%

Mortgage-backed obligations + 10.0%

U.S. government & government agency bonds & notes 5.2%

Asset-backed obligations 2.5%

Non-U.S. government/agency securities 1.3%

Municipal securities 0.2%

% of net assets as of 9/30/2023 (updated quarterly)

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

Growth-and-Income Funds
- American Mutual Fund ®
- Washington Mutual Investors Fund ^SM
Equity-Income Funds
- Capital Income Builder ®
- The Income Fund of America ®
Bond Funds

Geographic Breakdown

Regions | Top Countries

United States

77.2%

Europe

9.2%

Asia & Pacific Basin

3.4%

Other (Including Canada & Latin America)

5.8%

Cash & equivalents

4.5%

% of net assets as of 10/31/2023 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End
Historical Prices Year-End

FIND HISTORICAL PRICES

Historical Prices Month-End

2023

FIND HISTORICAL PRICES

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 11/29/23

Historical Distributions as of 11/29/23

2023

Record Date	Calculated Date	Pay Date	Income Dividend Regular	Income Dividend Special	Cap. Gains Long-Term	Cap. Gains Short-Term	Reinvest NAV
03/29/23	03/29/23	03/30/23	$0.0819	$0.00	$0.00	$0.00	$12.07
06/28/23	06/28/23	06/29/23	$0.0881	$0.00	$0.00	$0.00	$12.21
09/27/23	09/27/23	09/28/23	$0.0916	$0.00	$0.00	$0.00	$11.84
		2023 Year-to-Date:	Dividends Subtotal: $0.2616		Cap Gains Subtotal: $0.00
			Total Distributions: $0.2616

Rate	As of Date
0.00000000	09/28/2023
0.00000000	09/29/2023
0.00000000	10/02/2023
0.00000000	10/03/2023
0.00000000	10/04/2023
0.00000000	10/05/2023
0.00000000	10/06/2023
0.00000000	10/09/2023
0.00000000	10/10/2023
0.00000000	10/11/2023
0.00000000	10/12/2023
0.00000000	10/13/2023
0.00000000	10/16/2023
0.00000000	10/17/2023
0.00000000	10/18/2023
0.00000000	10/19/2023
0.00000000	10/20/2023
0.00000000	10/23/2023
0.00000000	10/24/2023
0.00000000	10/25/2023
0.00000000	10/26/2023
0.00000000	10/27/2023
0.00000000	10/30/2023
0.00000000	10/31/2023
0.00000000	11/01/2023
0.00000000	11/02/2023
0.00000000	11/03/2023
0.00000000	11/06/2023
0.00000000	11/07/2023
0.00000000	11/08/2023
0.00000000	11/09/2023
0.00000000	11/10/2023
0.00000000	11/13/2023
0.00000000	11/14/2023
0.00000000	11/15/2023
0.00000000	11/16/2023
0.00000000	11/17/2023
0.00000000	11/20/2023
0.00000000	11/21/2023
0.00000000	11/22/2023
0.00000000	11/24/2023
0.00000000	11/27/2023
0.00000000	11/28/2023
0.00000000	11/29/2023

FIND HISTORICAL DISTRIBUTIONS

Rate		As of-Date
0.00000000		09/28/2023
0.00000000		09/29/2023
0.00000000		10/02/2023
0.00000000		10/03/2023
0.00000000		10/04/2023
0.00000000		10/05/2023
0.00000000		10/06/2023
0.00000000		10/09/2023
0.00000000		10/10/2023
0.00000000		10/11/2023
0.00000000		10/12/2023
0.00000000		10/13/2023
0.00000000		10/16/2023
0.00000000		10/17/2023
0.00000000		10/18/2023
0.00000000		10/19/2023
0.00000000		10/20/2023
0.00000000		10/23/2023
0.00000000		10/24/2023
0.00000000		10/25/2023
0.00000000		10/26/2023
0.00000000		10/27/2023
0.00000000		10/30/2023
0.00000000		10/31/2023
0.00000000		11/01/2023
0.00000000		11/02/2023
0.00000000		11/03/2023
0.00000000		11/06/2023
0.00000000		11/07/2023
0.00000000		11/08/2023
0.00000000		11/09/2023
0.00000000		11/10/2023
0.00000000		11/13/2023
0.00000000		11/14/2023
0.00000000		11/15/2023
0.00000000		11/16/2023
0.00000000		11/17/2023
0.00000000		11/20/2023
0.00000000		11/21/2023
0.00000000		11/22/2023
0.00000000		11/24/2023
0.00000000		11/27/2023
0.00000000		11/28/2023
0.00000000		11/29/2023

Fees & Expenses

Internal Prompt

Fees


Annual Management Fees	0.00%
Other Expenses	0.07%
Acquired (Underlying) Fund Fees and Expenses	0.29%
Service 12b-1	1.00%

As of each fund's most recent prospectus.

Internal Prompt

Expense Ratio

RNCAX	1.36%
Lipper Income (Mixed Equity) Funds Average	--%

Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).

Resources

Prospectuses & Reports for RNCAX

Quarterly Fund Fact Sheet (PDF) 10/23
Fund Commentary (PDF) 11/23
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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Investment Fund

American Funds Conservative Growth and Income Portfolio SM (RNCAX)

Summary

Underlying Funds

Asset Mix

Fund Statistics

Market Capitalization

Growth of 10K

High & Low Prices

Growth of 10K

High & Low Prices

Returns at NAV

Returns with Sales Charge

Returns at NAV

Returns with Sales Charge

Description

Fund Facts

Returns LEARN ABOUT THE SYSTEM BEHIND OUR RESULTS

Month-End Returns as of 10/31/23

Quarter-End Returns as of 9/30/23

Month-End Returns as of 10/31/23

Quarter-End Returns as of 9/30/23

Volatility & Return

Yield

Valuation

Portfolio Solutions Committee

Ratings & Risk

Morningstar Rating TM

Risk Measures

Quality Summary

Average Life Breakdown

Holdings

Equities Breakdown

Bonds Breakdown

Equities Breakdown

Bonds Breakdown

Bond Details

Top Fixed-Income Issuers

Geographic Breakdown

Prices & Distributions

Historical Prices Month-End

Historical Prices Year-End

Historical Prices Month-End

Historical Prices Year-End

Historical Distributions as of 11/29/23

Historical Distributions as of 11/29/23

Fees & Expenses

Fees

Expense Ratio

Resources

Prospectuses & Reports for RNCAX

About Our Funds

American Funds Conservative Growth and Income Portfolio ^SM (RNCAX)

Morningstar Rating ^TM