Investment Fund

Share Class
Purchase Restrictions: Class 529-E share funds are available only for employer-sponsored CollegeAmerica accounts.

Summary

Internal Prompt
A differentiated approach to core plus investing. This fund seeks higher returns than core bond funds with generally low equity correlation. It aims to drive returns primarily through interest rate, yield curve and inflation positioning, generally resulting in liquid investments with high credit quality. Flexibility to invest in extended bond sectors on an opportunistic basis.
Price at NAV $9.08 as of 11/22/2024 (updated daily)
Fund Assets (millions) $19,581.3
Portfolio Managers
4
Expense Ratio
(Gross/Net %)
0.91 / 0.91%
Quarterly Fund Fact Sheet (PDF)
Prospectus
Internal Prompt

Returns at NAV

Returns at MOP

Asset Mix

U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds83.9%
Non-U.S. Bonds13.3%
Cash & Equivalents
2.7%
As of 10/31/2024 (updated monthly)
Internal Prompt

Volatility & Return

Read important investment disclosures

Volatility & Return chart is not available for funds less than 10 years old.

Fund Statistics

6.5 years
Effective Duration
4.9%
Average Yield
to Worst
3.2%
Average Coupon
% of net assets as of 10/31/2024 (updated monthly)

Morningstar Style BoxTM— Fixed-Income

Medium Quality
Moderate Interest-Rate Sensitivity
Morningstar data as of 9/30/24 (updated quarterly)

Description

Objective
The fund’s investment objective is to provide maximum total return consistent with preservation of capital.
Distinguishing Characteristics
This differentiated core plus fund seeks higher returns than core bond funds while maintaining a low equity correlation. This fund aims to drive returns primarily through interest rate, yield curve and inflation positioning, generally resulting in liquid investments with high credit quality. With the flexibility to hold a broad range of debt securities, it can invest in emerging markets, high-yield bonds and non-U.S. dollar markets on an opportunistic basis.
Types of Investments
Government debt and agency bonds, corporate bonds, mortgage- and asset-backed securities, emerging markets debt, non-U.S., municipals and high-yield.
Maturity
The bond maturities that the fund targets will vary depending on the current strategy being implemented.
Portfolio Restrictions
The fund may invest no more than 35% of its assets in securities rated below investment grade (BB+/Ba1 and below, or unrated, but determined by the fund’s investment adviser to be of equivalent quality) at the time of purchase, including high-yield corporate bonds or those issued by developing country governments and companies. The fund may invest up to 10% of its assets in equity securities and certain securities with a combination of debt and equity characteristics. The fund may invest up to 35% of its assets in securities denominated in currencies other than the U.S. dollar. The fund may invest up to 35% of its assets in securities of emerging market issuers.

Fund Facts

Fund Inception 3/18/2016
Fund Assets (millions)
As of 10/31/2024
 $19,581.3
Companies/Issuers
Holdings are as of 10/31/2024 (updated monthly).
 884+
Shareholder Accounts
Shareholder accounts are as of 10/31/2024
 225
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid
Jun, Dec
Portfolio Turnover (2023) 542%
Fiscal Year-End Dec
Prospectus Date 03/01/2024
CUSIP 02631E 88 8
Fund Number 15112

Returns

Internal Prompt

Month-End Returns as of 10/31/24

Returns at NAV
| at MOP
Read important investment disclosures
CANEX
Bloomberg U.S. Aggregate Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 9/30/24

Growth of 10K

Read important investment disclosures

High & Low Prices

Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 2.86% 4.88%
Fund at MOP N/A N/A
As of 10/31/2024 (updated monthly)
Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Xavier Goss 3 3 20
Damien J. McCann 8 24
Timothy Ng 1 10 17
Ritchie Tuazon 8 13 24
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(529)
3-yr. Morningstar RatingTM
(529 funds rated)
5-yr. Morningstar RatingTM
(489 funds rated)
10-yr. Morningstar RatingTM
(-- funds rated) 		--
Overall Morningstar Risk Above Average
HIGH
LOW
Category
Intermediate Core-Plus Bond
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 10/31/2024 (updated monthly).
Internal Prompt

Lipper Leader Scorecard

Over-all 3 yr. 5 yr. 10 yr.
Consistent Return Within Category
Funds Rated
(303)
(303)
(278)
Expense Within Category
Funds Rated
(188)
(188)
(174)
Preservation Within Category
Funds Rated
(6105)
(6105)
(5684)
Tax Efficiency Within Category
Funds Rated
(303)
(303)
(278)
Total Return Within Category
Funds Rated
(303)
(303)
(278)
Category Core Plus Bond Funds
KEY
HIGHEST LOWEST
As of 10/31/2024 (updated monthly)

Risk Measures

Fund
Standard Deviation
7.15
Sharpe Ratio
-0.21
For the 5 Years ending 10/31/24 (updated monthly).
American Funds/
Morningstar Benchmark
Bloomberg US Agg Bond TR USD
R-squared
87
Beta
1.06
Capture Ratio (Downside/Upside)
100/111
American Funds and Morningstar Benchmark for the 5 Years ending 10/31/24 (updated monthly).
U.S. Treasuries/Agencies
11.4%
AAA/Aaa
37.4%
AA/Aa
5.2%
A
14.3%
BBB/Baa
13.5%
BB/Ba
7.1%
B
3.4%
CCC & Below
0.9%
Unrated
4.2%
Cash & equivalents
4.4%
% of net assets as of 10/31/2024 (updated monthly)

Average Life Breakdown

0-4.9 Years
34.3%
5-9.9 Years
42.7%
10-19.9 Years
6.2%
20-29.9 Years
10.0%
30+ Years
0.7%
% of net assets as of 9/30/2024 (updated monthly)

Holdings

Bonds Breakdown

Bond Details

Total bond holdings
U.S. Treasury bonds & notes 11.9%
Non-U.S. government/agency securities 5.4%
Asset-backed obligations 5.1%
General obligation bonds 0.1%

% of net assets as of 9/30/2024 (updated quarterly)

Top Fixed-Income Issuers

Fannie Mae
15.3%
U.S. Treasury
11.1%
Federal Home Loan Mortgage
10.4%
UMBS
5.6%
Ginnie Mae II
1.4%
Israel, State of
1.3%
Brazil, Federal Government of
1.0%
Mexico (United Mexican States) (Government)
0.9%
Colombia, Republic of
0.7%
PG&E
0.7%

% of net assets as of 10/31/2024 (updated monthly)

Geographic Breakdown

Regions | Currency Weighting
| Top Countries
United States
84.0%
Europe
3.7%
Asia & Pacific Basin
0.8%
Other (Including Canada & Latin America)
8.8%
Cash & equivalents
2.7%
% of net assets as of 10/31/2024 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

2024

Historical Prices Year-End

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Historical Distributions as of 11/22/24

FIND HISTORICAL DISTRIBUTIONS
2024
Record
Date		 Calculated
Date		 Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
03/15/24 03/15/24 03/18/24 $0.0657 $0.00 $0.00 $0.00 $8.98
06/14/24 06/14/24 06/17/24 $0.0661 $0.00 $0.00 $0.00 $9.04
09/20/24 09/20/24 09/23/24 $0.0605 $0.00 $0.00 $0.00 $9.46
2024 Year-to-Date: Dividends Subtotal: $0.1923 Cap Gains Subtotal: $0.00
Total Distributions: $0.1923

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.27%
Other Expenses 0.14%
Service 12b-1 0.50%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

CANEX 0.91%
Lipper Core Plus Bond Funds Average
0.72%
Fund as of most recent prospectus. Lipper Category as of 9/30/24 (updated quarterly).