Investment Fund

Share Class

Summary

Internal Prompt
Price at NAV $9.45 as of 7/19/2024 (updated daily)
Fund Assets (millions) $4,302.2
Target Date Solutions Committee Members
8
Expense Ratio
(Gross/Net %)
1.45 / 1.45%
Prospectus

  • Underlying Funds

  • Current Allocation

 Growth-and-Income 9%
American Mutual Fund® 9%
Equity-Income/Balanced 5%
American Balanced Fund® 5%
Bond 86.1%
American Funds Mortgage Fund® 10%
American Funds® Strategic Bond Fund 5%
Intermediate Bond Fund of America® 26%
Short-Term Bond Fund of America® 45.1%
As of 6/30/2024 (updated monthly)
QUARTERLY HOLDINGS

Asset Mix

U.S. Equities10.7%
Non-U.S. Equities1.0%
U.S. Bonds79.1%
Non-U.S. Bonds4.3%
Cash & Equivalents
4.8%
As of 6/30/2024 (updated monthly)

Fund Statistics

3.4 years
Effective Duration
5.1%
Average Yield
to Worst
4.3%
Average Coupon
% of net assets as of 6/30/2024 (updated monthly)

Growth of 10K

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High & Low Prices

Internal Prompt

Returns at NAV

Returns with CDSC

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3.50%
1-year return
0.21%
5-year return
0.82%
10-year return
2.89%
30-Day SEC Yield
Returns as of 6/30/24 (updated monthly). Yield as of 6/30/24 (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 6/30/2024
 $4,302.2
Shareholder Accounts
Shareholder accounts are as of 6/30/2024
 18,471
Regular Dividends Paid
Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2023) 18%
Fiscal Year-End Oct
Prospectus Date 01/01/2024
CUSIP 02629M 62 9
Fund Number 1388

Returns

Internal Prompt

Month-End Returns as of 6/30/24

Returns at NAV
| with CDSC
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CENCX
Bloomberg U.S. Aggregate 1-5 Years Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 6/30/24

Internal Prompt

Volatility & Return

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For Class 529-C Shares, this chart tracks the 10-year standard deviation
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 06/30/2024 (updated monthly) . Annualized return as of 06/30/2024 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 2.45% 2.89%
Fund at MOP N/A N/A
As of 6/30/2024 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 3.36 13.40 18.99
Bloomberg U.S. Aggregate 1-5 Years Index
-- -- --
Fund as of 6/30/24. Index as of --.

Target Date Solutions Committee

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Michelle J. Black 4 22 29
David A. Hoag 4 32 36
Samir Mathur 4 11 31
Raj Paramaguru 1 11 19
Wesley K. Phoa 12 25 30
William L. Robbins 1 29 32
Jessica C. Spaly 1 20 25
Shannon Ward 3 7 31
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
2.90
Sharpe Ratio
-0.39
For the 10 Years ending 6/30/24 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
Bloomberg U.S. Aggregate 1-5 Years Index
Bloomberg US Agg Bond TR USD
R-squared
91 88
Beta
1.28 0.55
Capture Ratio (Downside/Upside)
143/98 51/48
American Funds Benchmark for the 10 Years ending 6/30/24 (updated monthly).
Morningstar Benchmark for the 10 Years ending 6/30/24 (updated monthly).
U.S. Treasuries/Agencies
22.4%
AAA/Aaa
43.7%
AA/Aa
4.1%
A
7.5%
BBB/Baa
2.7%
BB/Ba
0.4%
B
0.1%
CCC & Below
0.0%
Unrated
2.4%
Cash & equivalents
4.9%
% of net assets as of 6/30/2024 (updated monthly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 2.6%
Health care 1.8%
Financials 1.7%
Industrials 1.7%
Consumer staples 0.9%
Utilities 0.7%
Communication services 0.6%
Energy 0.6%
Consumer discretionary 0.5%
Materials 0.3%
Real estate 0.3%

% of net assets as of 6/30/2024 (updated monthly)

Bonds Breakdown

Go to the underlying fund pages to see detailed holdings information.

Geographic Breakdown

Regions
United States
89.8%
Europe
2.6%
Asia & Pacific Basin
0.7%
Other (Including Canada & Latin America)
2.0%
Cash & equivalents
4.8%
% of net assets as of 6/30/2024 (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 01/25/24

FIND HISTORICAL DISTRIBUTIONS
2023
Record
Date		 Calculated
Date		 Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
12/21/23 12/21/23 12/22/23 $0.2296 $0.00 $0.00 $0.00 $9.22
2023 Year-to-Date: Dividends Subtotal: $0.2296 Cap Gains Subtotal: $0.00
Total Distributions: $0.2296

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.00%
Other Expenses 0.18%
Acquired (Underlying) Fund Fees and Expenses 0.27%
Service 12b-1 1.00%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

CENCX 1.45%
Lipper Short-Intmdt Investment Grade Debt Funds Average
1.40%
Fund as of most recent prospectus. Lipper Category as of 6/30/24 (updated quarterly).