Summary

Internal Prompt
Price at NAV $9.51 as of 4/04/2025 (updated daily)
Fund Assets (millions) $3,764.2
Target Date Solutions Committee Members
1
8
Expense Ratio
(Gross/Net %)
2
1.45 / 1.45%

Asset Mix
3

U.S. Equities10.7%
Non-U.S. Equities0.9%
U.S. Bonds77.2%
Non-U.S. Bonds3.4%
Cash & Equivalents
4
7.8%
As of 2/28/2025 (updated monthly)

Fund Statistics

3.3 years
Effective Duration
4.5%
Average Yield
to Worst
4.1%
Average Coupon
% of net assets as of 2/28/2025 (updated monthly)

Growth of 10K
5

High & Low Prices

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Returns at NAV

Returns with CDSC

Read important investment disclosures
4.23%
1-year return
0.47%
5-year return
1.23%
10-year return
2.89%
30-Day SEC Yield
Returns as of 3/31/25 (updated monthly). Yield as of 2/28/25 (updated monthly).

Description

Fund Objective
The fund's investment objective is to provide current income, consistent with preservation of capital.

Fund Facts

Fund Inception 9/14/2012
Fund Assets (millions)
As of 2/28/2025
$3,764.2
Shareholder Accounts
Shareholder accounts are as of 2/28/2025
14,806
Regular Dividends Paid
6
Dec
Minimum Initial Investment $250
Capital Gains Paid
6
Dec
Portfolio Turnover (2024) 5%
Fiscal Year-End Oct
Prospectus Date 01/01/2025
CUSIP 02629M 62 9
Fund Number 1388

Returns

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Month-End Returns as of 3/31/25

Quarter-End Returns as of 3/31/25

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Volatility & Return

Read important investment disclosures
For Class 529-C Shares, this chart tracks the 10-year standard deviation
8
and 10-year annualized return of the equity funds
CENCX
Bloomberg U.S. Aggregate 1-5 Years Index
Other AF Funds
Standard Deviation as of 03/31/2025 (updated monthly) . Annualized return as of 03/31/2025 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
9
30-day SEC Yield
Fund at NAV 2.53% 2.89%
Fund at MOP N/A N/A
As of 2/28/2025 (updated monthly)

Valuation

Price/ Price/ Price/
Book Cash Flow Earnings
Fund 3.53 12.91 18.73
Bloomberg U.S. Aggregate 1-5 Years Index
-- -- --
Fund as of 12/31/24. Index as of --.

Target Date Solutions Committee
1

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Michelle J. Black 5 23 30
David A. Hoag 5 33 37
Samir Mathur 5 12 32
Raj Paramaguru 1 12 20
Wesley K. Phoa 12 26 32
William L. Robbins 1 30 33
Jessica C. Spaly 2 21 26
Shannon Ward 4 8 32
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Risk Measures

Fund
Standard Deviation
8
3.04
Sharpe Ratio
8
-0.36
For the 10 Years ending 3/31/25 (updated monthly).
American Funds
Benchmark
10
Morningstar
Benchmark
8
Bloomberg U.S. Aggregate 1-5 Years Index
Bloomberg US Agg Bond TR USD
R-squared 88 88
Beta 0.56 0.56
Capture Ratio (Downside/Upside) 51/52 51/52
American Funds Benchmark for the 10 Years ending 2/28/25 (updated monthly).
Morningstar Benchmark for the 10 Years ending 3/31/25 (updated monthly).
U.S. Treasuries/Agencies
22.6%
AAA/Aaa
42.8%
AA/Aa
3.8%
A
6.0%
BBB/Baa
2.4%
BB/Ba
0.4%
B
0.2%
CCC & Below
0.0%
Unrated
2.4%
Cash & equivalents
4
7.9%
% of net assets as of 2/28/2025 (updated monthly)

Holdings
3

Equities Breakdown

Equity Fund Holdings
Information technology 2.3%
Health care 1.8%
Financials 1.8%
Industrials 1.7%
Consumer staples 0.9%
Utilities 0.6%
Communication services 0.6%
Consumer discretionary 0.6%
Energy 0.5%
Materials 0.5%
Real estate 0.3%

% of net assets as of 2/28/2025 (updated monthly)

Bonds Breakdown

Geographic Breakdown

United States
87.9%
Europe
1.9%
Asia & Pacific Basin
0.6%
Other (Including Canada & Latin America)
1.8%
Cash & equivalents
4
7.8%
% of net assets as of 2/28/2025 (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
12/23/24 12/23/24 12/24/24 $0.242 $0.00 $0.00 $0.00 $9.35
2024 Year-to-Date: Dividends Subtotal: $0.242 Cap Gains Subtotal: $0.00
Total Distributions: $0.242

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.00%
Other Expenses 0.17%
Acquired (Underlying) Fund Fees and Expenses 0.28%
Service 12b-1 1.00%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio
2

CENCX 1.45%
Lipper Short-Intmdt Investment Grade Debt Funds Average
11
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).