Description

This fund primarily aims to deliver a steady stream of income, with some of that income being free from federal income tax, while also seeking long-term growth for its capital. It achieves these goals by strategically investing in a diverse array of other American Funds, with their allocations and proportions adjusted as needed. The constituent American Funds typically focus on generating income and may include strategies such as growth-and-income, equity-income, balanced, and fixed income investments. Consequently, through these underlying holdings, the fund expects to have substantial exposure to companies that pay dividends. Furthermore, it intends to invest in entities domiciled beyond the United States borders, including those operating in developing economies.