Investment Fund

Summary

Internal Prompt
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 $12.62 as of 12/20/2024 (updated daily)
Fund Assets (millions) $1,501.7
Portfolio Solutions Committee Members
7
Expense Ratio
(Gross/Net %)
0.60 / 0.60%
Quarterly Fund Fact Sheet (PDF)
Prospectus

Asset Mix

U.S. Equities37.4%
Non-U.S. Equities15.6%
U.S. Bonds37.3%
Non-U.S. Bonds5.4%
Cash & Equivalents
4.3%
As of 11/30/2024 (updated monthly)

Fund Statistics

5.9 years
Effective Duration
5.1%
Average Yield
to Worst
4.6%
Average Coupon
% of net assets as of 11/30/2024 (updated monthly)
Internal Prompt

Volatility & Return

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

Internal Prompt

Returns at NAV

Returns at MOP

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9.70%
1-year return
4.85%
5-year return
5.67%
Lifetime return (8/28/15)
2.56%
30-Day SEC Yield
Returns as of 11/30/24 (updated monthly). Yield as of 11/30/24 (updated monthly).

Description

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 11/30/2024
 $1,501.7
Companies/Issuers
Holdings are as of 11/30/2024 (updated monthly).
 2500+
Shareholder Accounts
Shareholder accounts are as of 11/30/2024
 11,175
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2024) 15%
Fiscal Year-End Oct
Prospectus Date 01/01/2024
CUSIP 02631L 84 1
Fund Number 30110

Returns

Internal Prompt

Month-End Returns as of 11/30/24

Returns at NAV
| at MOP
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NBARX
S&P Target Date Retirement Income Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 9/30/24

Growth of 10K

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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 12/31/2023.
NBARX
S&P Target Date Retirement Income Index
VIEW LARGER CHART

High & Low Prices

Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 3.03% N/A
Fund at MOP 2.86% 2.56%
As of 11/30/2024 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 2.82 11.48 15.98
S&P Target Date Retirement Income Index
2.40 11.10 16.80
Fund as of 9/30/24. Index as of 9/30/24.

Portfolio Solutions Committee

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Alan N. Berro 9 33 38
Michelle J. Black 4 22 29
Brittain Ezzes 1 2 26
Samir Mathur 4 11 31
Wesley K. Phoa 9 25 30
John R. Queen 4 22 34
Andrew B. Suzman 9 30
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(677)
3-yr. Morningstar RatingTM
(677 funds rated)
5-yr. Morningstar RatingTM
(636 funds rated)
10-yr. Morningstar RatingTM
(-- funds rated) 		--
Overall Morningstar Risk Low
HIGH
LOW
Category
Moderate Allocation
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 11/30/2024 (updated monthly).
Internal Prompt

Lipper Leader Scorecard

Over-all 3 yr. 5 yr. 10 yr.
Consistent Return Within Category
Funds Rated
(82)
(82)
(82)
Expense Within Category
Funds Rated
(7)
(7)
(7)
Preservation Within Category
Funds Rated
(4406)
(4406)
(3884)
Tax Efficiency Within Category
Funds Rated
(82)
(82)
(82)
Total Return Within Category
Funds Rated
(82)
(82)
(82)
Category Ret Income Funds
KEY
HIGHEST LOWEST
As of 11/30/2024 (updated monthly)

Risk Measures

Fund
Standard Deviation
10.12
Sharpe Ratio
0.39
For the 5 Years ending 11/30/24 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
S&P Target Date Retirement Income Index
Morningstar Mod Tgt Risk TR USD
R-squared
93 97
Beta
1.24 0.80
Capture Ratio (Downside/Upside)
128/134 81/85
American Funds Benchmark for the 5 Years ending 11/30/24 (updated monthly).
Morningstar Benchmark for the 5 Years ending 11/30/24 (updated monthly).
U.S. Treasuries/Agencies
7.9%
AAA/Aaa
14.4%
AA/Aa
1.9%
A
5.4%
BBB/Baa
5.5%
BB/Ba
4.0%
B
2.1%
CCC & Below
0.5%
Unrated
1.1%
Cash & equivalents
4.4%
% of net assets as of 11/30/2024 (updated monthly)

Average Life Breakdown

0-4.9 Years
22.4%
5-9.9 Years
15.5%
10-19.9 Years
1.7%
20-29.9 Years
2.7%
30+ Years
0.2%
% of net assets as of 9/30/2024 (updated monthly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Financials 9.7%
Information technology 8.1%
Industrials 6.4%
Health care 6.3%
Consumer staples 5.0%
Consumer discretionary 3.7%
Energy 3.5%
Communication services 3.2%
Utilities 3.0%
Materials 2.2%
Real estate 1.9%

% of net assets as of 11/30/2024 (updated monthly)

Bonds Breakdown

Geographic Breakdown

Regions
United States
74.7%
Europe
10.5%
Asia & Pacific Basin
4.8%
Other (Including Canada & Latin America)
5.7%
Cash & equivalents
4.3%
% of net assets as of 11/30/2024 (updated monthly)

Prices & Distributions

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Historical Prices Month-End

2024

Historical Prices Year-End

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Historical Distributions as of 12/20/24

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
03/26/24 03/26/24 03/27/24 $0.061 $0.00 $0.00 $0.00 $12.06
06/26/24 06/26/24 06/27/24 $0.0931 $0.00 $0.00 $0.00 $12.16
09/26/24 09/26/24 09/27/24 $0.0841 $0.00 $0.00 $0.00 $12.90
2024 Year-to-Date: Dividends Subtotal: $0.2382 Cap Gains Subtotal: $0.00
Total Distributions: $0.2382

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.00%
Other Expenses 0.05%
Acquired (Underlying) Fund Fees and Expenses 0.30%
Service 12b-1 0.25%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

NBARX 0.60%
Lipper Retirement Income Funds Average
0.72%
Fund as of most recent prospectus. Lipper Category as of 9/30/24 (updated quarterly).