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
- Variable investment inception date: 5/31/12
- Expense ratio:* 1.73%
- Investment expenses paid annually:† $17.30 for a $1,000 balance
*Each expense ratio is the sum of the program charges and the operating expenses of the underlying mutual fund. The operating expenses of the underlying mutual funds are for institutional share classes (for example, Class R-6 for the American Funds). The expense ratios are as of the fund’s prospectus and include the weighted average expenses of the underlying funds. Please see the funds’ 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 3/31/24; percentage of net assets; holdings are subject to change)
Growth-and-income
20.3%
Equity-income/Balanced
38.3%
- Capital Income Builder® 19.2%
- The Income Fund of America® 19.2%
Bond
41.4%
Asset mix
(as of 3/31/24; percentage of net assets; holdings are subject to change)
Portfolio summary
(as of 3/31/24; percentage of net assets; holdings are subject to change)
Geographic breakdown
(as of 3/31/24; percentage of net assets; holdings are subject to change)
Past results
The bar graph below shows the investment’s annual results and illustrates the fluctuations over the past 10 years. (The percentages are shown at unit value, updated annually as of 12/31.) If the results reflected deduction of the maximum sales charge of 5.75%, they would have been lower. Variable investment results are based upon a single investment at the beginning of the period being reported and retained throughout the period.
Investments are offered through a group annuity issued by Great-West Life & Annuity Insurance Company, Corporate Headquarters: Greenwood Village, CO; or, in New York, by Great-West Life & Annuity Insurance Company of New York, Home Office: White Plains, NY. The investment above is an account under the annuity that invest solely in shares of an underlying mutual fund (“variable investments”). The name of the variable investment reflects the underlying mutual fund. Results for each variable investment are stated after deduction of a variable asset charge of 1.44% for administrative, service and other fees (the “program charge”). The expense ratio for each variable investment is the sum of the program charge and the operating expense of the underlying mutual fund.
The investment does not require an up-front or deferred sales charge. Results of the variable investment prior to its inception date are hypothetical based on the underlying fund’s oldest share class without a sales charge, adjusted for typical additional expenses; results are hypothetical because the variable investment’s underlying fund was not offered in the group annuity prior to the variable investment’s inception date.
Figures shown are past results and are not predictive of future results. Current and future results may be lower or higher than those shown here. For more current information and month-end results, click here. Prices and results will vary, so you may lose money. However, assets in the Fixed Account are guaranteed by Great-West Life & Annuity Insurance Company, and payments on investments are subject to the insurer’s claims paying ability. Investing for short periods makes losses more likely. Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Unit Class 1
| Average annual total returns | ||||||||
|---|---|---|---|---|---|---|---|---|
| As of month-end March 31, 2024 | As of quarter-end March 31, 2024 | |||||||
| Underlying fund inception date | Variable investment inception date | Year to date return | 10 year | 5 year | 3 year | 1 year | Variable investment lifetime | |
| At unit value | 5/18/12 | 5/31/12 | 3.23% | 4.40% | 4.77% | 2.87% | 9.89% | 5.40% |
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 American Fund.
Important information
In applying any particular asset allocation model to your own individual situation, you should consider your other assets, income and investments. For example, in addition to your retirement plan investments, you should consider any investments (including those in an Individual Retirement Account) and savings accounts.
Investment allocations may not achieve fund objectives. There are expenses associated with the underlying funds in addition to fund of funds expenses. The funds’ risks are directly related to the risks of the underlying funds as described below. For more information about the risks associated with each underlying fund, go to its detailed fund information page or read its prospectus.
Investing outside the United States involves risks, such as currency fluctuations, periods of illiquidity and price volatility, as more fully described in the prospectus. These risks may be heightened in connection with investments in developing countries.
Lower rated bonds are subject to greater fluctuations in value and risk of loss of income and principal than higher rated bonds. The return of principal for bond funds and for funds with significant underlying bond holdings is not guaranteed. Fund shares are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings.
This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from your plan’s financial professional or downloaded and should be read carefully before investing. You can find a link to the prospectus at the top of the page.
Use of this website is intended for U.S. residents only.
American Funds Distributors, Inc., member FINRA.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names are the property of their respective companies.
American Funds Distributors, Inc.
Use of this website is intended for U.S. residents only.
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