Summary

Internal Prompt
Seeks capital preservation and income. Offers exposure to a mix of fixed-income securities focused on preservation of principal and seeks to provide investors a source of some current income.
Price at NAV $9.42 as of 1/21/2025 (updated daily)
Fund Assets (millions) $1,845.4
Portfolio Solutions Committee Members
1,2
7
Expense Ratio
(Gross/Net %)
3
0.58 / 0.53%

Underlying Funds

Asset Mix
4

U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds91.1%
Non-U.S. Bonds3.6%
Cash & Equivalents
5
5.3%
As of 12/31/2024 (updated monthly)

Fund Statistics

3 years
Effective Duration
4.9%
Average Yield
to Worst
4.3%
Average Coupon
% of net assets as of 12/31/2024 (updated monthly)

Growth of 10K
6

High & Low Prices

Internal Prompt

Returns at NAV

Returns with Sales Charge

Read important investment disclosures
1.26%
1-year return
0.89%
5-year return
1.22%
10-year return
4.09%
30-Day SEC Yield
7
Returns as of 12/31/24 (updated monthly). Yield as of 12/31/24 (updated monthly).

Description

Fund Objective
The fund's investment objective is to provide current income, consistent with preservation of capital.
Distinguishing Characteristics
Pursues its investment objectives by investing in a mix of American Funds in different combinations and weightings.
Types of Investments
The underlying American Funds seek current income, consistent with the preservation of capital, through bond investments.

Fund Facts

Fund Inception 5/18/2012
Fund Assets (millions)
As of 12/31/2024
$1,845.4
Companies/Issuers
Holdings are as of 12/31/2024 (updated monthly).
1123+
Shareholder Accounts
Shareholder accounts are as of 12/31/2024
215
Regular Dividends Paid
8
Monthly
Minimum Initial Investment $250
Capital Gains Paid
8
Dec
Portfolio Turnover (2024) 6%
Fiscal Year-End Oct
Prospectus Date 01/01/2025
CUSIP 02631T 68 7
Fund Number 48045

Returns

Internal Prompt

Month-End Returns as of 12/31/24

Quarter-End Returns as of 12/31/24

Internal Prompt

Volatility & Return

Read important investment disclosures

Equities

For Class ABLE-A Shares, this chart tracks the 10-year standard deviation
10
and 10-year annualized return of the equity funds
CPPGX
Bloomberg 1-5 Year U.S. Government/Credit A+ Index
Other AF Funds

Returns at net asset value (NAV) do not reflect a sales charge. If a sales charge had been deducted, the results would have been lower.

Investment results assume all distributions are reinvested and reflect applicable fees and expenses.

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Use of this website is intended for U.S. residents only.

Terms and Definitions

Standard Deviation: Annualized standard deviation (based on monthly returns) is a common measure of absolute volatility that tells how returns over time have varied from the mean. A lower number signifies lower volatility.

Standard Deviation as of 12/31/2024 (updated monthly) . Annualized return as of 12/31/2024 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
11
30-day SEC Yield
7
Fund at NAV 4.10% 4.09%
Fund at MOP N/A N/A
As of 12/31/2024 (updated monthly)

Valuation

Price/ Price/ Price/
Book Cash Flow Earnings
Fund -- -- --
Bloomberg 1-5 Year U.S. Government/Credit A+ Index
-- -- --
Fund as of 12/31/24. Index as of --.

Portfolio Solutions Committee
1,2

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Michelle J. Black 5 23 30
Brittain Ezzes 1 3 27
Samir Mathur 5 12 32
Damien J. McCann 13 25
Wesley K. Phoa 12 26 32
John R. Queen 5 23 35
Andrew B. Suzman 12 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
12


Overall Morningstar RatingTM
Funds rated(522)
3-yr. Morningstar RatingTM
(522 funds rated)
5-yr. Morningstar RatingTM
(482 funds rated)
10-yr. Morningstar RatingTM
(364 funds rated)
Overall Morningstar Risk Average
HIGH
LOW
Category Short-Term Bond
Ratings are based on risk-adjusted returns as of 12/31/2024 (updated monthly).

Risk Measures

Fund
Standard Deviation
10
2.42
Sharpe Ratio
10
-0.14
For the 10 Years ending 12/31/24 (updated monthly).
American Funds
Benchmark
13
Morningstar
Benchmark
10
Bloomberg 1-5 Year U.S. Government/Credit A+ Index
Bloomberg US Agg Bond TR USD
R-squared 94 84
Beta 1.05 0.44
Capture Ratio (Downside/Upside) --/-- 35/49
American Funds Benchmark for the 10 Years ending 12/31/24 (updated monthly).
Morningstar Benchmark for the 10 Years ending 12/31/24 (updated monthly).
U.S. Treasuries/Agencies
28.7%
AAA/Aaa
48.5%
AA/Aa
4.2%
A
7.6%
BBB/Baa
2.6%
Unrated
3.1%
Cash & equivalents
5
5.3%
% of net assets as of 12/31/2024 (updated monthly)

Average Life Breakdown

0-4.9 Years
75.2%
5-9.9 Years
17.9%
10-19.9 Years
1.3%
20-29.9 Years
0.3%
30+ Years
--
% of net assets as of 12/31/2024 (updated monthly)

Holdings
4

Bonds Breakdown

Bond Details

Total bond holdings
U.S. Treasury bonds & notes 28.3%
Asset-backed obligations 21.7%
Non-U.S. government/agency securities 1.4%

% of net assets as of 12/31/2024 (updated quarterly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 01/21/25

2024
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
01/26/24 01/26/24 01/29/24 $0.0192 $0.00 $0.00 $0.00 $9.42
02/26/24 02/26/24 02/27/24 $0.029 $0.00 $0.00 $0.00 $9.34
03/25/24 03/25/24 03/26/24 $0.0289 $0.00 $0.00 $0.00 $9.38
04/25/24 04/25/24 04/26/24 $0.0328 $0.00 $0.00 $0.00 $9.26
05/28/24 05/28/24 05/29/24 $0.0344 $0.00 $0.00 $0.00 $9.29
06/25/24 06/25/24 06/26/24 $0.0296 $0.00 $0.00 $0.00 $9.35
07/26/24 07/26/24 07/29/24 $0.0361 $0.00 $0.00 $0.00 $9.42
08/27/24 08/27/24 08/28/24 $0.0324 $0.00 $0.00 $0.00 $9.53
09/25/24 09/25/24 09/26/24 $0.0357 $0.00 $0.00 $0.00 $9.59
10/28/24 10/28/24 10/29/24 $0.0312 $0.00 $0.00 $0.00 $9.45
11/25/24 11/25/24 11/26/24 $0.0296 $0.00 $0.00 $0.00 $9.43
12/27/24 12/27/24 12/30/24 $0.0462 $0.00 $0.00 $0.00 $9.38
2024 Year-to-Date: Dividends Subtotal: $0.3851 Cap Gains Subtotal: $0.00
Total Distributions: $0.3851

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.00%
Other Expenses 0.10%
Acquired (Underlying) Fund Fees and Expenses 0.27%
Service 12b-1 0.21%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio
3

Gross Net
CPPGX 0.58% 0.53%
Lipper Short-Intmdt Investment Grade Debt Funds Average
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).