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RETIREMENT PLAN INVESTOR

Use your plan ID (available on your account statement) to determine which employer-sponsored retirement plan website to use:

IF YOUR PLAN ID BEGINS WITH IRK, BRK, 1 OR 2

Visit americanfunds.com/retire

IF YOUR PLAN ID BEGINS WITH 34 OR 135

Visit myretirement.americanfunds.com

Investment Fund

SM

Share Class
Purchase Restrictions: Class R-2 shares are available in certain employer-sponsored retirement plans. See the prospectus for details.

Summary

Internal Prompt
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 $9.32 as of 6/06/2023 (updated daily)
Fund Assets (millions) $2,356.2
Portfolio Solutions Committee Members
7
Expense Ratio
1.36%

Asset Mix

U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds86.3%
Non-U.S. Bonds7.3%
Cash & Equivalents
6.4%
As of 4/30/2023 (updated monthly)

Fund Statistics

2.8 years
Effective Duration
5%
Average Yield
to Worst
3%
Average Coupon
% of net assets as of 3/31/2023 (updated quarterly)

Growth of 10K

High & Low Prices

Internal Prompt

Returns at NAV

Returns with Sales Charge

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 4/30/2023
$2,356.2
Companies/Issuers
Holdings are as of 3/31/2023 (updated quarterly).
952+
Shareholder Accounts
Shareholder accounts are as of 4/30/2023
1,051
Regular Dividends Paid
Monthly
Minimum Initial Investment $0
Capital Gains Paid
Dec
Portfolio Turnover (2022) 20%
Fiscal Year-End Oct
Prospectus Date 01/01/2023
CUSIP 02630Y 67 9
Fund Number 2245

Returns

Internal Prompt

Month-End Returns as of 5/31/23

Quarter-End Returns as of 3/31/23

Internal Prompt

Volatility & Return

Read important investment disclosures

Equities

For Class R-2 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
RPPBX
Bloomberg 1-5 Year U.S. Government/Credit A+ Index
Other AF Funds
Standard Deviation as of 05/31/2023 (updated monthly) . Annualized return as of 05/31/2023 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 1.77% 0.57%
Fund at MOP N/A N/A
As of 4/30/2023 (updated monthly)

Valuation

Price/ Price/ Price/
Book Cash Flow Earnings
Fund -- -- --
Bloomberg 1-5 Year U.S. Government/Credit A+ Index
-- -- --
Fund as of 3/31/23. 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 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 RatingTM
Funds rated(532)
3-yr. Morningstar RatingTM
(532 funds rated)
5-yr. Morningstar RatingTM
(478 funds rated)
10-yr. Morningstar RatingTM
(354 funds rated)
Overall Morningstar Risk Average
HIGH
LOW
Category Short-Term Bond
Ratings are based on risk-adjusted returns as of 5/31/2023 (updated monthly).

Risk Measures

Fund
Standard Deviation
2.15
Sharpe Ratio
-0.39
For the 10 Years ending 5/31/23 (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 92 85
Beta 1.05 0.46
Capture Ratio (Downside/Upside) 128/90 48/40
American Funds Benchmark for the 10 Years ending 3/31/23 (updated quarterly).
Morningstar Benchmark for the 10 Years ending 5/31/23 (updated monthly).
U.S. Treasuries/Agencies
37.2%
AAA/Aaa
34.1%
AA/Aa
6.8%
A
9.0%
BBB/Baa
3.5%
Unrated
2.5%
Cash & equivalents
7.0%
% of net assets as of 3/31/2023 (updated quarterly)

Average Life Breakdown

0-4.9 Years
78.2%
5-9.9 Years
12.7%
10-19.9 Years
1.4%
20-29.9 Years
0.8%
30+ Years
0.0%
% of net assets as of 3/31/2023 (updated quarterly)

Holdings

Bonds Breakdown

Bond Details

Total bond holdings
U.S. government & government agency bonds & notes 37.1%
Asset-backed obligations 15.6%
Non-U.S. government/agency securities 4.1%
Municipal securities 0.2%

% of net assets as of 3/31/2023 (updated quarterly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 06/06/23

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 $0.0088 $0.00 $0.00 $0.00 $9.40
02/24/23 02/24/23 02/27/23 $0.0098 $0.00 $0.00 $0.00 $9.25
03/29/23 03/29/23 03/30/23 $0.0165 $0.00 $0.00 $0.00 $9.41
04/26/23 04/26/23 04/27/23 $0.0194 $0.00 $0.00 $0.00 $9.45
05/26/23 05/26/23 05/30/23 $0.0172 $0.00 $0.00 $0.00 $9.29
2023 Year-to-Date: Dividends Subtotal: $0.0717 Cap Gains Subtotal: $0.00
Total Distributions: $0.0717

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.00%
Other Expenses 0.35%
Acquired (Underlying) Fund Fees and Expenses 0.26%
Service 12b-1 0.75%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

RPPBX 1.36%
Lipper Short-Intmdt Investment Grade Debt Funds Average
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).

Resources

Prospectuses & Reports for RPPBX