Investment Fund

Purchase Restrictions: For 457(b) and certain 403(b) plans, Class C share funds are not available. See the prospectus for details.

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 $16.05 as of 2/14/2025 (updated daily)
Fund Assets (millions) $5,359.7
Portfolio Solutions Committee Members
7
Expense Ratio
(Gross/Net %)
1.36 / 1.36%

Asset Mix

U.S. Equities36.8%
Non-U.S. Equities12.7%
U.S. Bonds44.6%
Non-U.S. Bonds0.2%
Cash & Equivalents
5.6%
As of 1/31/2025 (updated monthly)

Fund Statistics

6 years
Effective Duration
4.4%
Average Yield
to Maturity
4.5%
Average Coupon
% of net assets as of 1/31/2025 (updated monthly)

Growth of 10K

High & Low Prices

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Returns at NAV

Returns with CDSC

Read important investment disclosures
10.48%
1-year return
5.64%
5-year return
5.96%
10-year return
1.69%
30-Day SEC Yield
Returns as of 1/31/25 (updated monthly). Yield as of 1/31/25 (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 1/31/2025
$5,359.7
Companies/Issuers
Holdings are as of 1/31/2025 (updated monthly).
2202+
Shareholder Accounts
Shareholder accounts are as of 1/31/2025
8,796
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2024) 40%
Fiscal Year-End Oct
Prospectus Date 01/01/2025
CUSIP 02630Y 59 6
Fund Number 346

Returns

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Month-End Returns as of 1/31/25

Quarter-End Returns as of 12/31/24

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Volatility & Return

Read important investment disclosures

Equities

For Class C Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
TAICX
S&P 500 Index
Other AF Funds
Standard Deviation as of 01/31/2025 (updated monthly) . Annualized return as of 01/31/2025 (updated monthly) .
VIEW LARGER CHART
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Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 1.66% 1.69%
Fund at MOP N/A N/A
As of 1/31/2025 (updated monthly)

Valuation

Price/ Price/ Price/
Book Cash Flow Earnings
Fund 2.99 12.42 17.26
S&P 500 Index
4.30 15.70 21.80
Fund as of 12/31/24. Index as of 12/31/24.

Portfolio Solutions Committee

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Michelle J. Black 5 23 30
Brittain Ezzes 1 3 27
Samir Mathur 5 12 32
Damien J. McCann 13 25
Wesley K. Phoa 12 26 32
John R. Queen 5 23 35
Andrew B. Suzman 12 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(429)
3-yr. Morningstar RatingTM
(429 funds rated)
5-yr. Morningstar RatingTM
(394 funds rated)
10-yr. Morningstar RatingTM
(293 funds rated)
Overall Morningstar Risk Average
HIGH
LOW
Category Moderately Conservative Allocation
Ratings are based on risk-adjusted returns as of 1/31/2025 (updated monthly).

Risk Measures

Fund
Standard Deviation
8.17
Sharpe Ratio
0.50
For the 10 Years ending 1/31/25 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
S&P 500 Index
Morningstar Mod Tgt Risk TR USD
R-squared 85 95
Beta 0.49 0.79
Capture Ratio (Downside/Upside) 53/48 77/82
American Funds Benchmark for the 10 Years ending 12/31/24 (updated monthly).
Morningstar Benchmark for the 10 Years ending 1/31/25 (updated monthly).
AAA/Aaa
5.0%
AA/Aa
10.8%
A
7.6%
BBB/Baa
5.6%
BB/Ba
3.6%
B
0.5%
CCC & Below
0.1%
Unrated
11.7%
Cash & equivalents
5.6%
% of net assets as of 1/31/2025 (updated monthly)

Average Life Breakdown

0-4.9 Years
17.1%
5-9.9 Years
16.0%
10-19.9 Years
7.2%
20-29.9 Years
5.0%
30+ Years
1.0%
% of net assets as of 12/31/2024 (updated monthly)

Holdings

Equities Breakdown

Equity Fund Holdings
Industrials 9.0%
Information technology 8.9%
Health care 7.1%
Financials 6.7%
Consumer discretionary 4.0%
Consumer staples 3.7%
Communication services 3.3%
Materials 2.0%
Utilities 1.9%
Energy 1.9%
Real estate 1.1%

% of net assets as of 1/31/2025 (updated monthly)

Bonds Breakdown

Geographic Breakdown

United States
81.4%
Europe
7.4%
Asia & Pacific Basin
3.6%
Other (Including Canada & Latin America)
2.0%
Cash & equivalents
5.6%
% of net assets as of 1/31/2025 (updated monthly)

Prices & Distributions

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Historical Prices Month-End

Historical Prices Year-End

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Historical Distributions as of 01/27/25

2024
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
03/25/24 03/25/24 03/26/24 $0.0477 $0.00 $0.00 $0.00 $15.42
06/25/24 06/25/24 06/26/24 $0.0661 $0.00 $0.00 $0.00 $15.63
09/25/24 09/25/24 09/26/24 $0.0498 $0.00 $0.00 $0.00 $16.32
12/27/24 12/27/24 12/30/24 $0.1083 $0.00 $0.4089 $0.013 $15.62
2024 Year-to-Date: Dividends Subtotal: $0.2719 Cap Gains Subtotal: $0.4219
Total Distributions: $0.6938

Fees & Expenses

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Fees

Annual Management Fees 0.00%
Other Expenses 0.04%
Acquired (Underlying) Fund Fees and Expenses 0.32%
Service 12b-1 1.00%
As of each fund's most recent prospectus.
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Expense Ratio

TAICX 1.36%
Lipper Mixed-Asset Target Allocation Moderate Funds Average
1.84%
Fund as of most recent prospectus. Lipper Category as of 12/31/24 (updated quarterly).