Investment Fund

Purchase Restrictions: Class F-2 shares are available through certain registered investment advisor and fee-based programs, but are not available for purchase in most employer-sponsored retirement plans. 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 $16.50 as of 3/27/2026 (updated daily)
Fund Assets (millions) $6,438.3
Portfolio Solutions Committee Members
7
Expense Ratio
(Gross/Net %)
0.45 / 0.45%
Prospectus

Asset Mix

U.S. Equities36.1%
Non-U.S. Equities14.5%
U.S. Bonds44.7%
Non-U.S. Bonds0.1%
Cash & Equivalents
4.5%
As of 2/28/2026 (updated monthly)

Fund Statistics

5.9 years
Effective Duration
4%
Average Yield
to Maturity
4.5%
Average Coupon
% of net assets as of 2/28/2026 (updated monthly)

Growth of 10K

Read important investment disclosures
For Class F-2 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 12/31/2025.
TXIFX
S&P 500 Index
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High & Low Prices

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Returns at NAV

Returns with Sales Charge

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 2/28/2026
 $6,438.3
Companies/Issuers
Holdings are as of 2/28/2026 (updated monthly).
 2298+
Shareholder Accounts
Shareholder accounts are as of 2/28/2026
 13,723
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 57 0
Fund Number 646

Returns

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Month-End Returns as of 2/28/26

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

Quarter-End Returns as of 12/31/25

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Volatility & Return

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Equities

For Class F-2 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
TXIFX
S&P 500 Index
Other AF Funds
Standard Deviation as of 02/28/2026 (updated monthly) . Annualized return as of 02/28/2026 (updated monthly) .
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Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 2.40% 2.22%
Fund at MOP N/A N/A
As of 2/28/2026 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 3.44 14.46 19.43
S&P 500 Index
4.60 15.70 --
Fund as of 12/31/25. Index as of 12/31/25.

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 2/28/2026 (updated monthly).

Risk Measures

Fund
Standard Deviation
8.07
Sharpe Ratio
0.76
For the 10 Years ending 2/28/26 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
S&P 500 Index
Morningstar Mod Tgt Risk TR USD
R-squared
83 95
Beta
0.49 0.79
Capture Ratio (Downside/Upside)
50/52 76/86
American Funds Benchmark for the 10 Years ending 2/28/26 (updated monthly).
Morningstar Benchmark for the 10 Years ending 2/28/26 (updated monthly).
AAA/Aaa
4.5%
AA/Aa
13.6%
A
7.3%
BBB/Baa
5.2%
BB/Ba
3.5%
B
0.3%
CCC & Below
0.1%
Unrated
10.4%
Cash & equivalents
4.5%
% of net assets as of 2/28/2026 (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 11.6%
Industrials 7.7%
Financials 6.1%
Health care 5.5%
Consumer discretionary 3.9%
Consumer staples 3.6%
Communication services 3.3%
Materials 2.9%
Energy 2.8%
Utilities 2.4%
Real estate 0.8%

% of net assets as of 2/28/2026 (updated monthly)

Bonds Breakdown

Geographic Breakdown

Regions | Top States
United States
80.8%
Europe
8.3%
Asia & Pacific Basin
4.1%
Other (Including Canada & Latin America)
2.2%
Cash & equivalents
4.5%
% of net assets as of 2/28/2026 (updated monthly)

Prices & Distributions

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Historical Prices Month-End

2026

Historical Prices Year-End

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Historical Distributions as of 03/27/26

FIND HISTORICAL DISTRIBUTIONS
2026
Record
Date		 Calculated
Date		 Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
03/26/26 03/26/26 03/27/26 $0.055 $0.00 $0.00 $0.00 $16.60
2026 Year-to-Date: Dividends Subtotal: $0.055 Cap Gains Subtotal: $0.00
Total Distributions: $0.055

Fees & Expenses

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Fees

Annual Management Fees 0.00%
Other Expenses 0.12%
Acquired (Underlying) Fund Fees and Expenses 0.33%
Service 12b-1 --
As of each fund's most recent prospectus.
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Expense Ratio

TXIFX 0.45%
Lipper Mixed-Asset Target Allocation Moderate Funds Average
0.87%
Fund as of most recent prospectus. Lipper Category as of 12/31/25 (updated quarterly).