Notice: As part of the ongoing management of the Portfolio Series, the Portfolio Solutions Committee and Capital Solutions Group regularly monitor each fund of funds and its underlying funds to ensure alignment with the fund's investment objective. Following their most recent regular review, the teams decided to change the underlying allocations for the following funds of funds: American Funds Global Growth PortfolioSM, American Funds Growth PortfolioSM, American Funds Growth and Income PortfolioSM, American Funds Moderate Growth and Income PortfolioSM, American Funds Conservative Growth and Income PortfolioSM and American Funds Tax-Aware Conservative Growth and Income PortfolioSM. The new underlying fund allocations will be updated on May 14, 2020. Unless otherwise indicated, all information and statistics are based on the underlying fund allocations as of March 31, 2020.
Important: American Funds Income PortfolioSM has been renamed, effective 1/1/18, to American Funds Conservative Growth and Income PortfolioSM
American Funds® Conservative Growth and Income Portfolio
Equity-Income
Overview
American Funds Conservative Growth and Income Portfolio may be appropriate for:
- Investors who want exposure to a broadly diversified fund that is managed with an eye on volatility.
- Investors nearing retirement who want a core holding of actively managed funds that still seeks to provide long-term growth with lower volatility than the S&P 500.
Objective
The fund's investment objective is to provide current income and, secondarily, long-term growth of capital.
Manager
The fund is managed by Capital Research and Management Company, one of the nation’s oldest, largest investment management firms. Since 1931, Capital Research has invested with a long-term focus based on thorough research and attention to risk.
Fund information
- Began operations: 5/18/12
- Expense ratio:* 1.34%
- Investment expenses paid annually:† $13.40 for a $1,000 balance
- Ticker symbol: INPCX
*The expense ratios are as of each fund’s prospectus and include the weighted average expenses of the underlying funds. Please see the fund’s most recent prospectus for details.
†You can estimate the investment expenses you’re paying annually by multiplying your balance in the fund by the expense ratio.
Underlying funds
(as of 6/30/24; percentage of net assets; holdings are subject to change)
Growth-and-income
27.0%
- American Mutual Fund® 10.0%
- Capital World Growth and Income Fund® 7.0%
- Washington Mutual Investors Fund 10.0%
Equity-income/Balanced
29.9%
- Capital Income Builder® 15.0%
- The Income Fund of America® 15.0%
Bond
43.1%
Asset mix
(as of 6/30/24; percentage of net assets of underlying American Funds)
Portfolio summary
(as of 6/30/24; percentage of net assets of underlying American Funds)
Geographic breakdown
(as of 6/30/24; percentage of net assets of underlying American Funds)
*Cash and equivalents includes short-term securities, accrued income and other assets less liabilities. It may also include investments in money market or similar funds managed by the investment adviser or its affiliates that are not offered to the public.
Past results
The bar graph below shows the fund’s annual results and illustrates the fund’s fluctuations over the past 10 years. (Class C shares were first offered on March 15, 2001 (on February 21, 2014, in funds in the American Funds Target Date Retirement Series). Class C share returns prior to the date of the first sale are hypothetical results based on Class A share returns without a sales charge, adjusted for typical additional annual expenses of about 0.82% on average over the first 10 years. Shares of some funds were not sold on the first day available; please see the fund’s most recent shareholder report for the actual date of first sale.)
Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown here. For more current information and month-end results, click here. Share price and return will vary, so you may lose money. Investing for short periods makes losses more likely. Unless otherwise indicated, all results are calculated at net asset value. Returns at net asset value would have been lower if the contingent deferred sales charge had been deducted. Returns with CDSC reflect deduction of a contingent deferred sales charge (1%) on shares sold within the first year of purchase.
Average annual total returns through 6/30/24
Class C Shares
| Latest10 years | Latest5 years | Latest3 years | Latestyear | |
|---|---|---|---|---|
| At net asset value | 4.64% | 4.81% | 2.13% | 9.44% |
| With CDSC | 4.64% | 4.81% | 2.13% | 8.44% |
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, investment results reflect fee waivers and/or expense reimbursements, without which the results would have been lower. Read details about how waivers and/or reimbursements affect the results for each fund.
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