Investment Fund

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 $15.28 as of 4/15/2024 (updated daily)
Fund Assets (millions) $4,756.9
Portfolio Solutions Committee Members
7
Expense Ratio
(Gross/Net %)
0.64 / 0.64%
Prospectus (PDF)

Asset Mix

U.S. Equities36.5%
Non-U.S. Equities11.4%
U.S. Bonds45.0%
Non-U.S. Bonds0.1%
Cash & Equivalents
7.0%
As of 3/31/2024 (updated monthly)

Fund Statistics

6 years
Effective Duration
4.6%
Average Yield
to Maturity
4.4%
Average Coupon
% of net assets as of 3/31/2024 (updated monthly)

Market Capitalization

85.2%
Large
14.1%
Medium
0.7%
Small
$127,833.54 Million
Weighted Average


As of 12/31/2023 (updated quarterly). Morningstar data as of 12/31/2023 (updated quarterly).

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.
TAIAX
S&P 500 Index
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High & Low Prices

Internal Prompt

Returns at NAV

Returns with Sales Charge

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9.53%
1-year return
5.81%
5-year return
6.02%
10-year return
2.19%
30-Day SEC Yield
Returns as of 3/31/24 (updated monthly). Yield as of 3/31/24 (updated monthly).

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 2/29/2024
 $4,756.9
Companies/Issuers
Holdings are as of 3/31/2024 (updated monthly).
 2670+
Shareholder Accounts
Shareholder accounts are as of 3/31/2024
 42,698
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 62 0
Fund Number 46

Returns

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Month-End Returns as of 3/31/24

Returns at NAV
| With Sales Charge
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TAIAX
S&P 500 Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 3/31/24

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Volatility & Return

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Equities

For Class A Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
TAIAX
S&P 500 Index
Other AF Funds
Standard Deviation as of 03/31/2024 (updated monthly) . Annualized return as of 03/31/2024 (updated monthly) .
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Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 2.28% N/A
Fund at MOP 2.19% 2.19%
As of 3/31/2024 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 2.99 11.79 16.35
S&P 500 Index
3.80 13.90 19.90
Fund as of 12/31/23. Index as of 12/31/23.

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(441)
3-yr. Morningstar RatingTM
(441 funds rated)
5-yr. Morningstar RatingTM
(409 funds rated)
10-yr. Morningstar RatingTM
(297 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 3/31/2024 (updated monthly).

Risk Measures

Fund
Standard Deviation
8.04
Sharpe Ratio
0.64
For the 10 Years ending 3/31/24 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
S&P 500 Index
Morningstar Mod Tgt Risk TR USD
R-squared
85 94
Beta
0.49 0.79
Capture Ratio (Downside/Upside)
50/50 73/86
American Funds Benchmark for the 10 Years ending 3/31/24 (updated monthly).
Morningstar Benchmark for the 10 Years ending 3/31/24 (updated monthly).
AAA/Aaa
4.4%
AA/Aa
12.9%
A
8.3%
BBB/Baa
5.8%
BB/Ba
3.5%
B
0.4%
CCC & Below
0.2%
Unrated
9.7%
Cash & equivalents
7.0%
% of net assets as of 3/31/2024 (updated monthly)

Average Life Breakdown

0-4.9 Years
18.3%
5-9.9 Years
12.6%
10-19.9 Years
6.3%
20-29.9 Years
6.7%
30+ Years
1.2%
% of net assets as of 3/31/2024 (updated monthly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 9.7%
Industrials 8.6%
Health care 7.4%
Financials 5.8%
Consumer discretionary 3.7%
Consumer staples 3.4%
Energy 2.5%
Materials 2.4%
Communication services 2.4%
Utilities 1.6%
Real estate 0.4%

% of net assets as of 3/31/2024 (updated monthly)

Bonds Breakdown

Geographic Breakdown

Regions | Top States
United States
81.5%
Europe
6.4%
Asia & Pacific Basin
2.9%
Other (Including Canada & Latin America)
2.3%
Cash & equivalents
7.0%
% of net assets as of 3/31/2024 (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 04/15/24

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 $0.0701 $0.00 $0.00 $0.00 $15.54
2024 Year-to-Date: Dividends Subtotal: $0.0701 Cap Gains Subtotal: $0.00
Total Distributions: $0.0701

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 0.30%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

TAIAX 0.64%
Lipper Mixed-Asset Target Allocation Moderate Funds Average
1.12%
Fund as of most recent prospectus. Lipper Category as of 3/31/24 (updated quarterly).

Resources

Prospectuses & Reports for TAIAX