Investment Fund

Share Class

Summary

Internal Prompt
Targeting higher growth potential for retirees. This portfolio is designed for retirees who seek a potentially higher level of income and growth of capital in exchange for potentially greater downside risk.
Price at NAV $13.86 as of 12/20/2024 (updated daily)
Fund Assets (millions) $1,815.5
Portfolio Solutions Committee Members
7
Expense Ratio
(Gross/Net %)
0.59 / 0.59%
Prospectus

Asset Mix

U.S. Equities46.5%
Non-U.S. Equities17.5%
U.S. Bonds26.7%
Non-U.S. Bonds4.6%
Cash & Equivalents
4.7%
As of 11/30/2024 (updated monthly)

Fund Statistics

5.2 years
Effective Duration
5.6%
Average Yield
to Worst
5.1%
Average Coupon
% of net assets as of 11/30/2024 (updated monthly)

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.
NDARX
S&P Target Date Retirement Income Index
VIEW LARGER CHART

High & Low Prices

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Returns at NAV

Returns with Sales Charge

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12.59%
1-year return
6.22%
5-year return
6.87%
Lifetime return (8/28/15)
2.27%
30-Day SEC Yield
Returns as of 11/30/24 (updated monthly). Yield as of 11/30/24 (updated monthly).

Description

Fund Objective
The fund strives for the accomplishment of three investment objectives: current income, long-term growth of capital and conservation of capital, with an emphasis on income and growth of capital.
Distinguishing Characteristics
The fund will attempt to achieve its investment objectives by investing in a mix of American Funds in varying combinations and weightings over time. In comparison to the other two portfolios in the American Funds Retirement Income Portfolio Series, the Enhanced Portfolio seeks somewhat higher long-term growth that also entails greater volatility, which in turn results in higher potential downside risk.
Types of Investments
The underlying American Funds will predominately consist of equity funds in the equity-income, balanced and growth-and-income fund categories. The enhanced portfolio will be weighted more toward equity holdings that generate both income and capital appreciation. The fund may also invest in fixed-income funds. Through its investments in the underlying funds, the fund will have significant exposure to both dividend-paying and growth-oriented common stocks.

Fund Facts

Fund Inception 8/28/2015
Fund Assets (millions)
As of 11/30/2024
 $1,815.5
Companies/Issuers
Holdings are as of 11/30/2024 (updated monthly).
 2525+
Shareholder Accounts
Shareholder accounts are as of 11/30/2024
 11,941
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2024) 16%
Fiscal Year-End Oct
Prospectus Date 01/01/2024
CUSIP 02631L 71 8
Fund Number 30111

Returns

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Month-End Returns as of 11/30/24

Returns at NAV
| With Sales Charge
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NDARX
S&P Target Date Retirement Income Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 9/30/24

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Volatility & Return

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

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Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 2.84% N/A
Fund at MOP 2.68% 2.27%
As of 11/30/2024 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 2.98 11.91 16.56
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 Below Average
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).

Risk Measures

Fund
Standard Deviation
11.78
Sharpe Ratio
0.46
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
91 97
Beta
1.43 0.93
Capture Ratio (Downside/Upside)
145/156 93/100
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
4.0%
AAA/Aaa
7.7%
AA/Aa
1.4%
A
4.0%
BBB/Baa
4.5%
BB/Ba
5.2%
B
2.8%
CCC & Below
0.8%
Unrated
0.8%
Cash & equivalents
4.7%
% of net assets as of 11/30/2024 (updated monthly)

Average Life Breakdown

0-4.9 Years
17.9%
5-9.9 Years
10.9%
10-19.9 Years
1.1%
20-29.9 Years
1.6%
30+ Years
0.1%
% of net assets as of 9/30/2024 (updated monthly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Financials 11.0%
Information technology 10.9%
Industrials 7.9%
Health care 7.8%
Consumer staples 5.5%
Consumer discretionary 5.0%
Communication services 4.3%
Energy 3.8%
Utilities 3.2%
Materials 2.6%
Real estate 2.0%

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

Bonds Breakdown

Geographic Breakdown

Regions
United States
73.3%
Europe
11.2%
Asia & Pacific Basin
5.3%
Other (Including Canada & Latin America)
5.6%
Cash & equivalents
4.7%
% 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 $0.0737 $0.00 $0.00 $0.00 $13.08
06/26/24 06/26/24 06/27/24 $0.0833 $0.00 $0.00 $0.00 $13.26
09/26/24 09/26/24 09/27/24 $0.0869 $0.00 $0.00 $0.00 $14.07
2024 Year-to-Date: Dividends Subtotal: $0.2439 Cap Gains Subtotal: $0.00
Total Distributions: $0.2439

Fees & Expenses

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Fees

Annual Management Fees 0.00%
Other Expenses 0.04%
Acquired (Underlying) Fund Fees and Expenses 0.30%
Service 12b-1 0.25%
As of each fund's most recent prospectus.
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Expense Ratio

NDARX 0.59%
Lipper Retirement Income Funds Average
0.72%
Fund as of most recent prospectus. Lipper Category as of 9/30/24 (updated quarterly).