Fund Details

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 $11.87 as of 8/08/2022 (updated daily)

Fund Assets (millions) $1,393.5

Portfolio Solutions Committee Members

Expense Ratio

0.33%

Prospectus (PDF)

Underlying Funds

	Growth-and-Income	11.9%
	American Mutual Fund ®	5%
	Capital World Growth and Income Fund ®	6.9%
	Equity-Income/Balanced	57.9%
	Capital Income Builder ®	14%
	The Income Fund of America ®	23.9%
	American Balanced Fund ®	15%
	American Funds Global Balanced Fund ^SM	5%
	Bond	30.3%
	American Funds Inflation Linked Bond Fund ®	5%
	American Funds Multi-Sector Income Fund ^SM	9%
	American Funds Strategic Bond Fund ^SM	6.1%
	The Bond Fund of America ®	5.1%
	U.S. Government Securities Fund ®	5.1%

As of 6/30/2022 (updated monthly)

QUARTERLY HOLDINGS

Asset Mix

	U.S. Equities34.8%		Non-U.S. Equities14.9%
	U.S. Bonds39.3%		Non-U.S. Bonds5.7%
	Cash & Equivalents 5.3%

	U.S. Equities34.8%
	Non-U.S. Equities14.9%
	U.S. Bonds39.3%
	Non-U.S. Bonds5.7%
	Cash & Equivalents 5.3%

As of 6/30/2022 (updated monthly)

Fund Statistics

5.6 years

Effective Duration

4.4%

Average Yield
to Worst

2.7%

Average Coupon

% of net assets as of 6/30/2022 (updated quarterly)

Market Capitalization

85.0%

Large

14.2%

Medium

0.8%

Small

$86,785.87 Million

Weighted Average

As of 6/30/2022 (updated quarterly). Morningstar data as of 6/30/2022 (updated quarterly).

Growth of 10K
High & Low Prices

Growth of 10K

Read important investment disclosures

For Class R-6 Shares, this chart tracks a hypothetical investment with dividends reinvested through 12/31/2021.

VIEW LARGER CHART

RURPX

S&P Target Date Retirement Income Index

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High & Low Prices

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Returns at NAV
Returns with Sales Charge

Returns at NAV

Read important investment disclosures

-4.74%

1-year return

5.31%

5-year return

6.12%

Lifetime return (8/28/15)

2.22%

30-Day SEC Yield

Returns as of 7/31/22 (updated monthly). Yield as of 6/30/22 (updated monthly).

Returns with Sales Charge

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 6/30/2022	$1,393.5
Companies/Issuers Holdings are as of 6/30/2022 (updated quarterly).	2000+
Shareholder Accounts Shareholder accounts are as of 6/30/2022	16
Regular Dividends Paid	Mar, Jun, Sep, Dec

Minimum Initial Investment	$0
Capital Gains Paid	Dec
Portfolio Turnover (2021)	23%
Fiscal Year-End	Oct
Prospectus Date	01/01/2022
CUSIP	02631L 72 6
Fund Number	26110

Returns LEARN ABOUT THE SYSTEM BEHIND OUR RESULTS

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Month-End Returns as of 7/31/22
Quarter-End Returns as of 6/30/22

ANNUAL RETURNS CHART

Month-End Returns as of 7/31/22

Returns at NAV

| With Sales Charge

Read important investment disclosures

RURPX

S&P Target Date Retirement Income Index

ANNUAL RETURNS CHART

Quarter-End Returns as of 6/30/22

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Volatility & Return

Read important investment disclosures

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	3.01%	2.22%
Fund at MOP	N/A	N/A

As of 6/30/2022 (updated monthly)

Valuation

	Price/	Price/	Price/
	Book	Cash Flow	Earnings
Fund	2.34	7.49	12.62
S&P Target Date Retirement Income Index	1.90	7.10	13.00

Fund as of 6/30/22. Index as of 6/30/22.

Portfolio Solutions Committee

Years of Experience with Fund

Years of Experience with Capital Group

Years of Experience with Investment Industry

Alan N. Berro 36 31 7

Michelle J. Black 27 20 2

Samir Mathur 29 9 2

Wesley K. Phoa 28 23 7

John R. Queen 32 20 2

William L. Robbins 30 27 2

Andrew B. Suzman 28 28 7

Alan N. Berro	7	31	36
Michelle J. Black	2	20	27
Samir Mathur	2	9	29
Wesley K. Phoa	7	23	28
John R. Queen	2	20	32
William L. Robbins	2	27	30
Andrew B. Suzman	7	28

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(707)
3-yr. Morningstar Rating^TM (707 funds rated)
5-yr. Morningstar Rating^TM (647 funds rated)
10-yr. Morningstar Rating^TM (-- funds rated)	--
Overall Morningstar Risk	Low HIGH LOW
Category	Allocation--50% to 70% Equity

ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS

Ratings are based on risk-adjusted returns as of 7/31/2022 (updated monthly).

Risk Measures

		Fund
Standard Deviation		8.30
Sharpe Ratio		0.53
For the 5 Years ending 7/31/22 (updated monthly).
American Funds Benchmark		Morningstar Benchmark
S&P Target Date Retirement Income Index		Morningstar Mod Tgt Risk TR USD
R-squared	92	96
Beta	1.28	0.77
Capture Ratio (Downside/Upside)	132/139	76/82
American Funds Benchmark for the 5 Years ending 6/30/22 (updated quarterly). Morningstar Benchmark for the 5 Years ending 7/31/22 (updated monthly).

Quality Summary

Read important investment disclosures

U.S. Treasuries/Agencies

16.3%

AAA/Aaa

7.9%

AA/Aa

2.0%

3.7%

BBB/Baa

6.2%

BB/Ba

4.6%

2.2%

CCC & Below

0.9%

Unrated

1.3%

Cash & equivalents

5.3%

% of net assets as of 6/30/2022 (updated quarterly)

Average Life Breakdown

0-4.9 Years

17.5%

5-9.9 Years

17.3%

10-19.9 Years

2.8%

20-29.9 Years

4.5%

30+ Years

0.2%

% of net assets as of 3/31/2022 (updated quarterly)

Holdings

Equities Breakdown
Bonds Breakdown

Equities Breakdown

Sectors | Top Industries

Equity Fund Holdings

	Health care 7.4%
	Financials 7.2%
	Information technology 6.4%
	Consumer staples 6.0%
	Industrials 4.7%
	Energy 3.9%
	Consumer discretionary 3.2%
	Utilities 3.2%
	Real estate 3.0%
	Communication services 2.6%
	Materials 2.1%

% of net assets as of 6/30/2022 (updated quarterly)

Bonds Breakdown

Total bond holdings

U.S. government & government agency bonds & notes 16.2%

Corporate bonds, notes & loans + 15.4%

Financials	3.2%
Consumer discretionary	2.0%
Energy	1.9%
Telecommunication services	1.5%
Health Care	1.4%
Industrials	1.2%
Utilities	1.2%
Consumer staples	0.8%
Information technology	0.8%
Materials	0.8%
Other corporate bonds, notes & loans	0.6%

Mortgage-backed obligations + 8.3%

Asset-backed obligations 2.1%

Non-U.S. government/agency securities 2.0%

Municipal securities 0.4%

% of net assets as of 6/30/2022 (updated quarterly)

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

Growth-and-Income Funds
- American Mutual Fund ®
- Capital World Growth and Income Fund ®
Equity-Income/Balanced Funds
Bond Funds

Geographic Breakdown

Regions

United States

73.9%

Europe

10.5%

Asia & Pacific Basin

4.7%

Other (Including Canada & Latin America)

5.6%

Cash & equivalents

5.3%

% of net assets as of 6/30/2022 (updated quarterly)

Prices & Distributions

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Historical Prices Month-End
Historical Prices Year-End

FIND HISTORICAL PRICES

Historical Prices Month-End

2022

FIND HISTORICAL PRICES

Historical Prices Year-End

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Historical Distributions
as of 08/08/22

Historical Distributions as of 08/08/22

2022

Record Date	Calculated Date	Pay Date	Income Dividend Regular	Income Dividend Special	Cap. Gains Long-Term	Cap. Gains Short-Term	Reinvest NAV
03/30/22	03/30/22	03/31/22	$0.0699	$0.00	$0.00	$0.00	$12.69
06/29/22	06/29/22	06/30/22	$0.0789	$0.00	$0.00	$0.00	$11.51
		2022 Year-to-Date:	Dividends Subtotal: $0.1488		Cap Gains Subtotal: $0.00
			Total Distributions: $0.1488

Rate	As of Date
0.00000000	06/30/2022
0.00000000	07/01/2022
0.00000000	07/05/2022
0.00000000	07/06/2022
0.00000000	07/07/2022
0.00000000	07/08/2022
0.00000000	07/11/2022
0.00000000	07/12/2022
0.00000000	07/13/2022
0.00000000	07/14/2022
0.00000000	07/15/2022
0.00000000	07/18/2022
0.00000000	07/19/2022
0.00000000	07/20/2022
0.00000000	07/21/2022
0.00000000	07/22/2022
0.00000000	07/25/2022
0.00000000	07/26/2022
0.00000000	07/27/2022
0.00000000	07/28/2022
0.00000000	07/29/2022
0.00000000	08/01/2022
0.00000000	08/02/2022
0.00000000	08/03/2022
0.00000000	08/04/2022
0.00000000	08/05/2022
0.00000000	08/08/2022

FIND HISTORICAL DISTRIBUTIONS

Rate		As of-Date
0.00000000		06/30/2022
0.00000000		07/01/2022
0.00000000		07/05/2022
0.00000000		07/06/2022
0.00000000		07/07/2022
0.00000000		07/08/2022
0.00000000		07/11/2022
0.00000000		07/12/2022
0.00000000		07/13/2022
0.00000000		07/14/2022
0.00000000		07/15/2022
0.00000000		07/18/2022
0.00000000		07/19/2022
0.00000000		07/20/2022
0.00000000		07/21/2022
0.00000000		07/22/2022
0.00000000		07/25/2022
0.00000000		07/26/2022
0.00000000		07/27/2022
0.00000000		07/28/2022
0.00000000		07/29/2022
0.00000000		08/01/2022
0.00000000		08/02/2022
0.00000000		08/03/2022
0.00000000		08/04/2022
0.00000000		08/05/2022
0.00000000		08/08/2022

Fees & Expenses

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Fees


Annual Management Fees	0.00%
Other Expenses	0.03%
Acquired (Underlying) Fund Fees and Expenses	0.30%
Service 12b-1	--

As of each fund's most recent prospectus.

Internal Prompt

Expense Ratio

RURPX	0.33%
Lipper Retirement Income Funds Average	--%

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

Resources

Prospectuses & Reports for RURPX

Quarterly Fund Fact Sheet (PDF) 07/22
Single Sheet (PDF) 01/22
Summary Prospectus (PDF) 01/22
Prospectus (PDF) 01/22
Statement of additional information (PDF) 01/22
Semi-Annual Report (PDF) 06/22
Annual Report (PDF) 12/21

About Our Funds

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American Funds Retirement Income Portfolio - Moderate SM (RURPX)

Summary

Underlying Funds

Asset Mix

Fund Statistics