Investment Fund

Purchase Restrictions: Purchase Information: Class F-1 shares are primarily available through certain financial services platforms that support self-directed investors. See the prospectus for details.

Notice The Portfolio Solutions Committee reallocated this product as of September 28, 2023. Learn more

Summary

Internal Prompt
Focuses on tax-exempt income. With exposure to a diverse mix of stocks from dividend-paying companies and tax-exempt, fixed-income securities, seeks to help investors pursue current income, a portion of which is exempt from regular federal income tax, and long-term growth potential.
Price at NAV $15.90 as of 7/19/2024 (updated daily)
Fund Assets (millions) $4,922.9
Portfolio Solutions Committee Members
7
Expense Ratio
(Gross/Net %)
0.68 / 0.68%
Prospectus

Asset Mix

U.S. Equities36.3%
Non-U.S. Equities11.5%
U.S. Bonds46.1%
Non-U.S. Bonds0.1%
Cash & Equivalents
6.0%
As of 6/30/2024 (updated monthly)

Fund Statistics

6 years
Effective Duration
4.6%
Average Yield
to Maturity
4.4%
Average Coupon
% of net assets as of 6/30/2024 (updated monthly)

Market Capitalization

83.3%
Large
16.1%
Medium
0.6%
Small
$155,211.86 Million
Weighted Average


As of 3/31/2024 (updated quarterly). Morningstar data as of 6/30/2024 (updated quarterly).

Growth of 10K

Read important investment disclosures

High & Low Prices

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Returns at NAV

Returns with Sales Charge

Description

Fund Objective
The fund's investment objective is to provide current income, a portion of which is exempt from regular federal income tax, while secondarily striving for long-term growth of capital.
Distinguishing Characteristics
The fund will attempt to achieve its investment objectives by investing in a mix of American Funds and Capital Group ETFs in different combinations and weightings.
Types of Investments
The underlying funds may represent a variety of fund categories such as tax-exempt bond funds and growth-and-income funds.

Fund Facts

Fund Inception 5/18/2012
Fund Assets (millions)
As of 6/30/2024
 $4,922.9
Companies/Issuers
Holdings are as of 6/30/2024 (updated monthly).
 2692+
Shareholder Accounts
Shareholder accounts are as of 6/30/2024
 6,745
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2023) 4%
Fiscal Year-End Oct
Prospectus Date 01/01/2024
CUSIP 02630Y 58 8
Fund Number 446

Returns

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Month-End Returns as of 6/30/24

Returns at NAV
| With Sales Charge
Read important investment disclosures
TAIFX
S&P 500 Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 6/30/24

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Volatility & Return

Read important investment disclosures

Equities

For Class F-1 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
TAIFX
S&P 500 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
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Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 2.25% 2.26%
Fund at MOP N/A N/A
As of 6/30/2024 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 3.15 12.92 18.12
S&P 500 Index
4.10 15.00 21.80
Fund as of 6/30/24. Index as of 3/31/24.

Portfolio Solutions Committee

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Alan N. Berro 12 33 38
Michelle J. Black 4 22 29
Brittain Ezzes 1 2 26
Samir Mathur 4 11 31
Wesley K. Phoa 12 25 30
John R. Queen 4 22 34
Andrew B. Suzman 12 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(446)
3-yr. Morningstar RatingTM
(446 funds rated)
5-yr. Morningstar RatingTM
(410 funds rated)
10-yr. Morningstar RatingTM
(305 funds rated)
Overall Morningstar Risk Average
HIGH
LOW
Category
Moderately Conservative Allocation
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 6/30/2024 (updated monthly).

Risk Measures

Fund
Standard Deviation
8.07
Sharpe Ratio
0.58
For the 10 Years ending 6/30/24 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
S&P 500 Index
Morningstar Mod Tgt Risk TR USD
R-squared
85 95
Beta
0.49 0.78
Capture Ratio (Downside/Upside)
50/49 73/85
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).
AAA/Aaa
4.7%
AA/Aa
13.2%
A
8.4%
BBB/Baa
6.0%
BB/Ba
3.4%
B
0.3%
CCC & Below
0.2%
Unrated
10.0%
Cash & equivalents
6.0%
% of net assets as of 6/30/2024 (updated monthly)

Average Life Breakdown

0-4.9 Years
18.8%
5-9.9 Years
13.3%
10-19.9 Years
6.4%
20-29.9 Years
6.5%
30+ Years
1.2%
% of net assets as of 6/30/2024 (updated monthly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 10.2%
Industrials 8.0%
Health care 7.2%
Financials 5.9%
Consumer discretionary 3.6%
Consumer staples 3.5%
Communication services 2.7%
Energy 2.3%
Materials 2.3%
Utilities 1.6%
Real estate 0.5%

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

Bonds Breakdown

Geographic Breakdown

Regions | Top States
United States
82.4%
Europe
6.5%
Asia & Pacific Basin
3.1%
Other (Including Canada & Latin America)
2.0%
Cash & equivalents
6.0%
% 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 07/19/24

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
03/25/24 03/25/24 03/26/24 $0.0679 $0.00 $0.00 $0.00 $15.53
06/25/24 06/25/24 06/26/24 $0.0933 $0.00 $0.00 $0.00 $15.74
2024 Year-to-Date: Dividends Subtotal: $0.1612 Cap Gains Subtotal: $0.00
Total Distributions: $0.1612

Fees & Expenses

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Fees

Annual Management Fees 0.00%
Other Expenses 0.13%
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

TAIFX 0.68%
Lipper Mixed-Asset Target Allocation Moderate Funds Average
1.02%
Fund as of most recent prospectus. Lipper Category as of 6/30/24 (updated quarterly).