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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

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Investment Fund

SM

Share Class
Purchase Restrictions: Class R-1 shares are available in certain employer-sponsored retirement plans. See the prospectus for details.

Summary

Internal Prompt
Seeks capital preservation and income. Offers exposure to a mix of fixed-income securities focused on preservation of principal and seeks to provide investors a source of some current income.
Price at NAV $9.30 as of 11/29/2023 (updated daily)
Fund Assets (millions) $2,038.6
Portfolio Solutions Committee Members
7
Expense Ratio
(Gross/Net %)
1.38 / 1.38%
Prospectus (PDF)

Underlying Funds

 Bond 100%
Intermediate Bond Fund of America ® 45%
Short-Term Bond Fund of America ® 55%
As of 10/31/2023 (updated monthly)
QUARTERLY HOLDINGS

Asset Mix

U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds90.4%
Non-U.S. Bonds6.2%
Cash & Equivalents
3.4%
As of 10/31/2023 (updated monthly)

Fund Statistics

3.1 years
Effective Duration
6%
Average Yield
to Worst
4%
Average Coupon
% of net assets as of 10/31/2023 (updated monthly)

Growth of 10K

Read important investment disclosures

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
Pursues its investment objectives by investing in a mix of American Funds in different combinations and weightings.
Types of Investments
The underlying American Funds seek current income, consistent with the preservation of capital, through bond investments.

Fund Facts

Fund Inception 5/18/2012
Fund Assets (millions)
As of 10/31/2023
 $2,038.6
Companies/Issuers
Holdings are as of 10/31/2023 (updated monthly).
 992+
Shareholder Accounts
Shareholder accounts are as of 10/31/2023
 20
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 68 7
Fund Number 2145

Returns

Internal Prompt

Month-End Returns as of 10/31/23

Returns at NAV
| With Sales Charge
Read important investment disclosures
RPPVX
Bloomberg 1-5 Year U.S. Government/Credit A+ Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 9/30/23

Internal Prompt

Volatility & Return

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
RPPVX
Bloomberg 1-5 Year U.S. Government/Credit A+ 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 2.62% 3.10%
Fund at MOP N/A N/A
As of 10/31/2023 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund -- -- --
Bloomberg 1-5 Year U.S. Government/Credit A+ Index
-- -- --
Fund as of 9/30/23. 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 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(535)
3-yr. Morningstar RatingTM
(535 funds rated)
5-yr. Morningstar RatingTM
(484 funds rated)
10-yr. Morningstar RatingTM
(349 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 10/31/2023 (updated monthly).

Risk Measures

Fund
Standard Deviation
2.17
Sharpe Ratio
-0.52
For the 10 Years ending 10/31/23 (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)
128/90 46/40
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).
U.S. Treasuries/Agencies
27.6%
AAA/Aaa
47.3%
AA/Aa
6.7%
A
9.2%
BBB/Baa
3.6%
Unrated
2.2%
Cash & equivalents
3.2%
% of net assets as of 10/31/2023 (updated monthly)

Average Life Breakdown

0-4.9 Years
69.4%
5-9.9 Years
24.6%
10-19.9 Years
2.2%
20-29.9 Years
0.0%
30+ Years
0.0%
% of net assets as of 9/30/2023 (updated quarterly)

Holdings

Bonds Breakdown

Bond Details

Total bond holdings
U.S. government & government agency bonds & notes 28.6%
Asset-backed obligations 17.8%
Non-U.S. government/agency securities 2.8%
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.

Prices & Distributions

Internal Prompt

Historical Prices Month-End

2023

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 11/29/23

FIND HISTORICAL DISTRIBUTIONS
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 $0.0087 $0.00 $0.00 $0.00 $9.43
02/24/23 02/24/23 02/27/23 $0.0096 $0.00 $0.00 $0.00 $9.28
03/29/23 03/29/23 03/30/23 $0.016 $0.00 $0.00 $0.00 $9.43
04/26/23 04/26/23 04/27/23 $0.0218 $0.00 $0.00 $0.00 $9.47
05/26/23 05/26/23 05/30/23 $0.0152 $0.00 $0.00 $0.00 $9.32
06/28/23 06/28/23 06/29/23 $0.0191 $0.00 $0.00 $0.00 $9.30
07/27/23 07/27/23 07/28/23 $0.0246 $0.00 $0.00 $0.00 $9.24
08/29/23 08/29/23 08/30/23 $0.0225 $0.00 $0.00 $0.00 $9.25
09/27/23 09/27/23 09/28/23 $0.0199 $0.00 $0.00 $0.00 $9.16
10/27/23 10/27/23 10/30/23 $0.028 $0.00 $0.00 $0.00 $9.16
11/28/23 11/28/23 11/29/23 $0.024 $0.00 $0.00 $0.00 $9.28
2023 Year-to-Date: Dividends Subtotal: $0.2094 Cap Gains Subtotal: $0.00
Total Distributions: $0.2094

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.00%
Other Expenses 0.12%
Acquired (Underlying) Fund Fees and Expenses 0.26%
Service 12b-1 1.00%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

RPPVX 1.38%
Lipper Short-Intmdt Investment Grade Debt Funds Average
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).

Resources

Prospectuses & Reports for RPPVX