American Funds Moderate Growth and Income Portfolio

Summary

Internal Prompt

Balances growth and income. Offers exposure to a mix of global stocks and bonds that can temper the impact of volatility while seeking capital appreciation and income opportunities.

Price at NAV $17.75 as of 6/06/2024 (updated daily)

Fund Assets (millions) $13,318.8

Portfolio Solutions Committee Members 7

Expense Ratio
(Gross/Net %) 0.65 / 0.65%

Prospectus (PDF)

Underlying Funds

	Growth	10.1%
	New Perspective Fund®	5.2%
	SMALLCAP World Fund®	4.9%
	Growth-and-Income	25.4%
	Capital World Growth and Income Fund®	10.2%
	Washington Mutual Investors Fund	15.2%
	Equity-Income	10%
	The Income Fund of America®	10%
	Balanced	40.1%
	American Balanced Fund®	25.2%
	American Funds® Global Balanced Fund	14.9%
	Bond	14.5%
	American Funds® Multi-Sector Income Fund	4.9%
	American Funds® Strategic Bond Fund	4.8%
	The Bond Fund of America®	4.8%

As of 4/30/2024(updated monthly)

QUARTERLY HOLDINGS

Asset Mix

	U.S. Equities47.6%		Non-U.S. Equities19.1%
	U.S. Bonds23.2%		Non-U.S. Bonds5.5%
	Cash & Equivalents 4.6%

	U.S. Equities47.6%
	Non-U.S. Equities19.1%
	U.S. Bonds23.2%
	Non-U.S. Bonds5.5%
	Cash & Equivalents 4.6%

As of 4/30/2024(updated monthly)

Fund Statistics

5.7 years

Effective Duration

5.8%

Average Yield
to Worst

4.3%

Average Coupon

% of net assets as of 4/30/2024 (updated monthly)

Market Capitalization

78.5%

Large

17.7%

Medium

3.8%

Small

$122,245.24 Million

Weighted Average

As of3/31/2024 (updated quarterly). Morningstar data as of3/31/2024 (updated quarterly).

Growth of 10K
High & Low Prices

Growth of 10K

Read important investment disclosures

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.

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BLPAX

S&P 500 Index

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High & Low Prices

Internal Prompt

Returns at NAV
Returns with Sales Charge

Returns at NAV

Returns with Sales Charge

Read important investment disclosures

8.90%

1-year return

6.97%

5-year return

6.19%

10-year return

1.84%

30-Day SEC Yield

Description

Fund Objective

The fund's investment objectives are to provide current income and long-term growth of capital and income.

Distinguishing Characteristics

Pursues its investment objectives by investing in a mix of American Funds in different combinations and weightings.

Types of Investments

The underlying American Funds may represent a variety of fund categories such as growth funds, growth-and-income funds, equity-income funds, balanced funds and bond funds.

Portfolio Restrictions

Will invest at least 45% of its assets in common stocks and other equity investments, and through its investments in the underlying funds, will invest at least 25% of the value of its assets in bonds and other debt securities (including money market instruments).

Fund Facts

Fund Inception	5/18/2012
Fund Assets (millions) As of 4/30/2024	$13,318.8
Companies/Issuers Holdings are as of 4/30/2024 (updated monthly).	3072+
Shareholder Accounts Shareholder accounts are as of 4/30/2024	176,985
Regular Dividends Paid	Mar, Jun, Sep, Dec

Minimum Initial Investment	$250
Capital Gains Paid	Dec
Portfolio Turnover (2023)	9%
Fiscal Year-End	Oct
Prospectus Date	01/01/2024
CUSIP	02630Y 26 5
Fund Number	50

Internal Prompt

Month-End Returns as of 5/31/24
Quarter-End Returns as of 3/31/24

ANNUAL RETURNS CHART

Month-End Returns as of 5/31/24

Returns at NAV

With Sales Charge

Read important investment disclosures

BLPAX

S&P 500 Index

ANNUAL RETURNS CHART

Quarter-End Returns as of 3/31/24

Internal Prompt

Volatility & Return

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Read important investment disclosures

Equities

For Class A Shares, this chart tracks the 10-year standard deviation

and 10-year annualized return of the equity funds

BLPAX

S&P 500 Index

Other AF Funds

Standard Deviation as of 05/31/2024 (updated monthly) . Annualized return as of 05/31/2024 (updated monthly).

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Internal Prompt

Yield

	12-month
	Distribution Rates	30-day SEC Yield
Fund at NAV	2.18%	N/A
Fund at MOP	2.06%	1.84%

As of 4/30/2024 (updated monthly)

Valuation

	Price/	Price/	Price/
	Book	Cash Flow	Earnings
Fund	3.27	12.94	18.57
S&P 500 Index	4.10	15.00	21.80

Fund as of 3/31/24. 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. Berro383312

Michelle J. Black29224

Brittain Ezzes2621

Samir Mathur31114

Wesley K. Phoa302512

John R. Queen34224

Andrew B. Suzman303012

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 Rating^TM Funds rated(680)
3-yr. Morningstar Rating^TM (680 funds rated)
5-yr. Morningstar Rating^TM (642 funds rated)
10-yr. Morningstar Rating^TM (485 funds rated)
Overall Morningstar Risk	Average HIGH LOW
Category	Moderate Allocation

ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS

Ratings are based on risk-adjusted returns as of 5/31/2024 (updated monthly).

Risk Measures

		Fund
Standard Deviation		10.13
Sharpe Ratio		0.55
For the 10 Years ending 5/31/24 (updated monthly).
American Funds Benchmark		Morningstar Benchmark
S&P 500 Index		Morningstar Mod Tgt Risk TR USD
R-squared	92	97
Beta	0.64	1.00
Capture Ratio (Downside/Upside)	68/62	98/106
American Funds Benchmark for the 10 Years ending 4/30/24 (updated monthly). Morningstar Benchmark for the 10 Years ending 5/31/24 (updated monthly).

Quality Summary

Read important investment disclosures

U.S. Treasuries/Agencies

4.1%

AAA/Aaa

9.1%

AA/Aa

1.6%

4.8%

BBB/Baa

4.5%

BB/Ba

2.4%

1.1%

CCC & Below

0.3%

Unrated

0.7%

Cash & equivalents

4.7%

% of net assets as of 4/30/2024 (updated monthly)

Average Life Breakdown

0-4.9 Years

11.2%

5-9.9 Years

13.1%

10-19.9 Years

2.0%

20-29.9 Years

1.8%

30+ Years

0.2%

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

Equities Breakdown
Bonds Breakdown

Equities Breakdown

Sectors | Top Industries

Equity Fund Holdings

	Information technology 13.3%
	Health care 9.5%
	Financials 9.0%
	Industrials 8.9%
	Consumer discretionary 5.6%
	Consumer staples 5.5%
	Communication services 4.6%
	Energy 3.8%
	Materials 3.1%
	Utilities 2.2%
	Real estate 1.2%

%of net assets as of 4/30/2024(updated monthly)

Bonds Breakdown

Go to the underlying fund pages to see detailed holdings information.

Growth Funds
- New Perspective Fund®
- SMALLCAP World Fund®
Growth-and-Income Funds
- Capital World Growth and Income Fund®
- Washington Mutual Investors Fund
Equity-Income Funds
- The Income Fund of America®
Balanced Funds
- American Balanced Fund®
- American Funds® Global Balanced Fund
Bond Funds
- American Funds® Multi-Sector Income Fund
- American Funds® Strategic Bond Fund
- The Bond Fund of America®

Geographic Breakdown

Regions

United States

70.8%

Europe

12.7%

Asia & Pacific Basin

6.4%

Other (Including Canada & Latin America)

5.5%

Cash & equivalents

4.6%

% of net assets as of 4/30/2024 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End
Historical Prices Year-End

FIND HISTORICAL PRICES

Historical Prices Month-End

2024

FIND HISTORICAL PRICES

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 06/06/24

Historical Distributions as of 06/06/24

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	$0.0504	$0.00	$0.00	$0.00	$17.53
		2024 Year-to-Date:	Dividends Subtotal: $0.0504		Cap Gains Subtotal: $0.00
			Total Distributions: $0.0504

Daily Dividend Accrual
for Pay Date

Rate	As of Date
0.00000000	03/26/2024
0.00000000	03/27/2024
0.00000000	03/28/2024
0.00000000	04/01/2024
0.00000000	04/02/2024
0.00000000	04/03/2024
0.00000000	04/04/2024
0.00000000	04/05/2024
0.00000000	04/08/2024
0.00000000	04/09/2024
0.00000000	04/10/2024
0.00000000	04/11/2024
0.00000000	04/12/2024
0.00000000	04/15/2024
0.00000000	04/16/2024
0.00000000	04/17/2024
0.00000000	04/18/2024
0.00000000	04/19/2024
0.00000000	04/22/2024
0.00000000	04/23/2024
0.00000000	04/24/2024
0.00000000	04/25/2024
0.00000000	04/26/2024
0.00000000	04/29/2024
0.00000000	04/30/2024
0.00000000	05/01/2024
0.00000000	05/02/2024
0.00000000	05/03/2024
0.00000000	05/06/2024
0.00000000	05/07/2024
0.00000000	05/08/2024
0.00000000	05/09/2024
0.00000000	05/10/2024
0.00000000	05/13/2024
0.00000000	05/14/2024
0.00000000	05/15/2024
0.00000000	05/16/2024
0.00000000	05/17/2024
0.00000000	05/20/2024
0.00000000	05/21/2024
0.00000000	05/22/2024
0.00000000	05/23/2024
0.00000000	05/24/2024
0.00000000	05/28/2024
0.00000000	05/29/2024
0.00000000	05/30/2024
0.00000000	05/31/2024
0.00000000	06/03/2024
0.00000000	06/04/2024
0.00000000	06/05/2024
0.00000000	06/06/2024

FIND HISTORICAL DISTRIBUTIONS

Current Daily
Dividend Accrual

Rate		As of-Date
0.00000000		03/26/2024
0.00000000		03/27/2024
0.00000000		03/28/2024
0.00000000		04/01/2024
0.00000000		04/02/2024
0.00000000		04/03/2024
0.00000000		04/04/2024
0.00000000		04/05/2024
0.00000000		04/08/2024
0.00000000		04/09/2024
0.00000000		04/10/2024
0.00000000		04/11/2024
0.00000000		04/12/2024
0.00000000		04/15/2024
0.00000000		04/16/2024
0.00000000		04/17/2024
0.00000000		04/18/2024
0.00000000		04/19/2024
0.00000000		04/22/2024
0.00000000		04/23/2024
0.00000000		04/24/2024
0.00000000		04/25/2024
0.00000000		04/26/2024
0.00000000		04/29/2024
0.00000000		04/30/2024
0.00000000		05/01/2024
0.00000000		05/02/2024
0.00000000		05/03/2024
0.00000000		05/06/2024
0.00000000		05/07/2024
0.00000000		05/08/2024
0.00000000		05/09/2024
0.00000000		05/10/2024
0.00000000		05/13/2024
0.00000000		05/14/2024
0.00000000		05/15/2024
0.00000000		05/16/2024
0.00000000		05/17/2024
0.00000000		05/20/2024
0.00000000		05/21/2024
0.00000000		05/22/2024
0.00000000		05/23/2024
0.00000000		05/24/2024
0.00000000		05/28/2024
0.00000000		05/29/2024
0.00000000		05/30/2024
0.00000000		05/31/2024
0.00000000		06/03/2024
0.00000000		06/04/2024
0.00000000		06/05/2024
0.00000000		06/06/2024

Internal Prompt

Fees


Annual Management Fees	0.00%
Other Expenses	0.06%
Acquired (Underlying) Fund Fees and Expenses	0.34%
Service 12b-1	0.25%

As of each fund's most recent prospectus.

Internal Prompt

Expense Ratio

BLPAX	0.65%
Lipper Mixed-Asset Target Allocation GrowthFunds Average	1.02%

Fund as of most recent prospectus. Lipper Category as of 3/31/24 (updated quarterly).

Resources

Prospectuses & Reports for BLPAX

Quarterly Fund Fact Sheet (PDF) 05/24
Fund Commentary (PDF) 05/24
Summary Prospectus (PDF) 01/24
Prospectus (PDF) 01/24
Statement of additional information (PDF) 01/24
Semi-Annual Report (PDF) 06/23
Annual Report (PDF) 12/23

About Our Funds

Share Class Pricing Details
Stats Update (PDF)
Resource Guide (PDF)
1Q-2024 Quarterly Statistical Update (PDF)

American Funds Moderate Growth and Income Portfolio - A (2024)

Summary

Underlying Funds

Asset Mix

Fund Statistics