American Funds Tax-Aware Conservative Growth and Income Portfolio
AMERICAN FUNDS PORTFOLIO SERIES · 6 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
American Funds Tax-Aware Conservative Growth and Income Portfolio is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Fund of funds
Fund profile
As filed in the prospectus · 2025 Q4
The funds investment objective is to provide current income, a portion of which is exempt from regular federal income tax,
The fund invests in a mix of American Funds and Capital Group exchange-traded funds rather than holding securities directly, combining them in varying weightings to generate current income, a portion of which is exempt from regular federal income tax. The underlying funds typically seek income through growth-and-income, equity-income, balanced, and fixed-income strategies, with significant exposure to dividend-paying stocks and municipal bonds. The fund seeks diversification through international and emerging-market exposure and may hold underlying funds with substantial exposure to below-investment-grade bonds to support its income objective. Because the fund's returns depend on the performance and positioning of the underlying funds selected by the adviser, results will diverge from any benchmark as the adviser adjusts the combination and weightings of underlying funds based on market conditions and historical behavior.
| Share class | Expense ratio |
|---|---|
| TAIAX | 0.66% |
| TAICX | 1.36% |
| TAIFX | 0.70% |
| TXIFX | 0.45% |
| TYIFX | 0.34% |
| TATAX | 0.61% |
Portfolio turnover 39.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.73% |
| Cash & short-term | 0.28% |
Latest quarter
What changed since the fund's previous filing
New: MORGAN STANLEY INVST MGT INC - MORGAN STANLEY INSTL LIQUIDITY FUND - GOVT PRTFLO, BLACKROCK FEDFUND, DREYFUS CASH MANAGEMENT FUNDS - DREYFUS TREASURY AND AGENCY CASH MANAGEMENT, STATE STREET INSTITUTIONAL US GOVERNMENT MONEY MARKET FUND, GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND, INVESCO - SHORT-TERM INVESTMENTS TRUST - GOVERNMENT AND AGENCY PORTFOLIO, FIDELITY INSTITUTIONAL MONEY MARKET FUNDS - GOVERNMENT PORTFOLIO, US GOVERNMENT MONEY MARKET FUND
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +17.72% | +40.13% | +38.36% | 7.46% | -6.24% | |
| +16.90% | +37.17% | +33.59% | 7.48% | -6.39% | |
| +17.74% | +40.02% | +38.02% | 7.50% | -6.26% | |
| +17.99% | +41.10% | +39.85% | 7.49% | -6.18% | |
| +18.14% | +41.58% | +40.61% | 7.48% | -6.15% | |
| +18.13% | +41.48% | +40.53% | 7.50% | -6.16% |
These classes hold the same portfolio, so the 7.02pp spread over 5 years is the cost difference between them — roughly 1.40pp a year — not a difference in what they own.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | CAPITAL GROUP MUNICIPAL HIGH-INCOME ETF | 23.56% | $25.54 | $1.53B | 59.9M |
| — | CAPITAL GROUP MUNICIPAL INCOME ETF | 19.66% | $27.33 | $1.28B | 46.7M |
| — | CAPITAL GROUP DIVIDEND VALUE ETF | 16.41% | $46.41 | $1.07B | 23.0M |
| RWIGX | CAPITAL WORLD GROWTH & INCOME FUNDRWIGX | 13.26% | $77.70 | $861.06M | 11.1M |
| — | CAPITAL GROUP DIVIDEND GROWERS ETF | 10.23% | $37.37 | $664.37M | 17.8M |
| — | CAPITAL GROUP CONSERVATIVE EQUITY ETF | 4.83% | $31.54 | $313.87M | 10.0M |
| — | CAPITAL GROUP GLOBAL EQUITY ETF | 4.20% | $33.10 | $272.60M | 8.2M |
| — | CAPITAL GROUP CORE EQUITY ETF | 3.97% | $42.56 | $257.84M | 6.1M |
| — | CAPITAL GROUP SHORT DURATION MUNICIPAL INCOME ETF | 3.47% | $26.32 | $225.47M | 8.6M |
| CMQXX | CAPITAL GROUP CENTRAL CASH FUNDCMQXX | 0.32% | — | $20.71M | — |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
Top 10 positions are 99.94% of net assets, top 25 100.01%, across 18 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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