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.
American Funds® Growth and Income Portfolio
Growth-and-Income
Overview
American Funds Growth and Income Portfolio may be appropriate for:
- Investors who seek a single, broadly diversified fund to help them pursue their long-term investment goals.
- Investors with longer time horizons who want a diversified investment that seeks both growth and income.
- Investors who want a core investment of actively managed funds for their retirement plans.
Objective
The fund's investment objective is to provide long-term growth of capital while providing current income.
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:* 0.40%
- Investment expenses paid annually:† $4.00 for a $1,000 balance
- Ticker symbol: RGNFX
*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
19.9%
Growth-and-income
45.1%
- Capital World Growth and Income Fund® 14.8%
- The Investment Company of America® 20.2%
- Washington Mutual Investors Fund 10.1%
Equity-income/Balanced
20.0%
- American Balanced Fund® 10.1%
- Capital Income Builder® 9.9%
Bond
15.0%
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. (These percentages are based on Class R-5 shares at net asset value after the share class inception date of May 15, 2002. All Class R-5 share results prior to this date, or prior to the date of first sale, are hypothetical based on Class A share results, adjusted for typical estimated expenses, and are calculated without a sales charge. These results are updated annually as of 12/31. Other share class results will vary.)
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.
Average annual total returns through 6/30/24
Class R-5 Shares
| Latest10 years | Latest5 years | Latest3 years | Latestyear | |
|---|---|---|---|---|
| At net asset value | 8.25% | 9.90% | 4.95% | 17.29% |
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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