Investment Fund

Summary

Internal Prompt
Focuses on tax-exempt income. With exposure to a diverse mix of stocks from dividend-paying companies and tax-exempt, fixed-income securities, seeks to help investors pursue current income, a portion of which is exempt from regular federal income tax, and long-term growth potential.
Price at NAV $17.19 as of 1/16/2026 (updated daily)
Fund Assets (millions) $6,106.5
Portfolio Solutions Committee Members
7
Expense Ratio
(Gross/Net %)
0.66 / 0.66%
Prospectus

Asset Mix

U.S. Equities35.9%
Non-U.S. Equities13.7%
U.S. Bonds45.6%
Non-U.S. Bonds0.1%
Cash & Equivalents
4.7%
As of 12/31/2025 (updated monthly)

Fund Statistics

6.4 years
Effective Duration
4.3%
Average Yield
to Maturity
4.6%
Average Coupon
% of net assets as of 12/31/2025 (updated monthly)

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 12/31/2024.
TAIAX
S&P 500 Index
VIEW LARGER CHART

High & Low Prices

Internal Prompt

Returns at NAV

Returns with Sales Charge

Read important investment disclosures
9.47%
1-year return
6.34%
5-year return
7.16%
10-year return
2.10%
30-Day SEC Yield
Returns as of 12/31/25 (updated monthly). Yield as of 12/31/25 (updated monthly).

Description

Fund Objective
The fund's investment objective is to provide current income, a portion of which is exempt from regular federal income tax, while secondarily striving for long-term growth of capital.
Distinguishing Characteristics
The fund will attempt to achieve its investment objectives by investing in a mix of American Funds and Capital Group ETFs in different combinations and weightings.
Types of Investments
The underlying funds may represent a variety of fund categories such as tax-exempt bond funds and growth-and-income funds.

Fund Facts

Fund Inception 5/18/2012
Fund Assets (millions)
As of 12/31/2025
 $6,106.5
Companies/Issuers
Holdings are as of 12/31/2025 (updated monthly).
 2269+
Shareholder Accounts
Shareholder accounts are as of 12/31/2025
 45,112
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2025) 39%
Fiscal Year-End Oct
Prospectus Date 01/01/2026
CUSIP 02630Y 62 0
Fund Number 46

Returns

Internal Prompt

Month-End Returns as of 12/31/25

Returns at NAV
| With Sales Charge
Read important investment disclosures
TAIAX
S&P 500 Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 12/31/25

Internal Prompt

Volatility & Return

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
TAIAX
S&P 500 Index
Other AF Funds
Standard Deviation as of 12/31/2025 (updated monthly) . Annualized return as of 12/31/2025 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 2.29% N/A
Fund at MOP 2.21% 2.10%
As of 12/31/2025 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 3.35 14.25 19.06
S&P 500 Index
4.60 15.30 22.90
Fund as of 9/30/25. Index as of 9/30/25.

Portfolio Solutions Committee

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Brittain Ezzes 2 4 28
Samir Mathur 6 13 33
Damien McCann 14 26
Wesley Phoa 13 27 33
John Queen 6 24 36
Andrew Suzman 13 32
Michelle Black 6 24 31
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(208)
3-yr. Morningstar RatingTM
(208 funds rated)
5-yr. Morningstar RatingTM
(199 funds rated)
10-yr. Morningstar RatingTM
(160 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 12/31/2025 (updated monthly).

Risk Measures

Fund
Standard Deviation
8.09
Sharpe Ratio
0.67
For the 10 Years ending 12/31/25 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
S&P 500 Index
Morningstar Mod Tgt Risk TR USD
R-squared
84 94
Beta
0.49 0.79
Capture Ratio (Downside/Upside)
--/-- 76/85
American Funds Benchmark for the 10 Years ending 12/31/25 (updated monthly).
Morningstar Benchmark for the 10 Years ending 12/31/25 (updated monthly).
AAA/Aaa
4.6%
AA/Aa
13.5%
A
7.5%
BBB/Baa
5.3%
BB/Ba
3.8%
B
0.3%
CCC & Below
0.0%
Unrated
10.7%
Cash & equivalents
4.7%
% of net assets as of 12/31/2025 (updated monthly)

Average Life Breakdown

0-4.9 Years
16.4%
5-9.9 Years
17.9%
10-19.9 Years
6.3%
20-29.9 Years
4.4%
30+ Years
0.8%
% of net assets as of 12/31/2025 (updated monthly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 11.7%
Industrials 7.9%
Financials 6.5%
Health care 5.5%
Consumer discretionary 4.6%
Consumer staples 3.2%
Communication services 3.0%
Energy 2.2%
Materials 2.1%
Utilities 1.9%
Real estate 0.9%

% of net assets as of 12/31/2025 (updated monthly)

Bonds Breakdown

Geographic Breakdown

Regions | Top States
United States
81.5%
Europe
8.1%
Asia & Pacific Basin
4.0%
Other (Including Canada & Latin America)
1.8%
Cash & equivalents
4.7%
% of net assets as of 12/31/2025 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

2025

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 01/16/26

FIND HISTORICAL DISTRIBUTIONS
2025
Record
Date		 Calculated
Date		 Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
03/26/25 03/26/25 03/27/25 $0.0628 $0.00 $0.00 $0.00 $15.85
06/25/25 06/25/25 06/26/25 $0.0987 $0.00 $0.00 $0.00 $16.31
09/25/25 09/25/25 09/26/25 $0.0806 $0.00 $0.00 $0.00 $17.01
12/29/25 12/29/25 12/30/25 $0.1571 $0.00 $0.5372 $0.00 $16.93
2025 Year-to-Date: Dividends Subtotal: $0.3992 Cap Gains Subtotal: $0.5372
Total Distributions: $0.9364

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.00%
Other Expenses 0.03%
Acquired (Underlying) Fund Fees and Expenses 0.33%
Service 12b-1 0.30%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

TAIAX 0.66%
Lipper Mixed-Asset Target Allocation Moderate Funds Average
1.12%
Fund as of most recent prospectus. Lipper Category as of 12/31/25 (updated quarterly).