American Funds Tax-Aware Conservative Growth and Income Portfolio
Actively managed U.S. stock fund
As of its 2026 Q2 report, American Funds Tax-Aware Conservative Growth and Income Portfolio held 18 positions with $6.49B in net assets. Its ten largest holdings made up 99.9% of the fund. The TAIAX share class costs 0.66% a year. Over the 12 months to May 2026, TAIAX returned 17.0%, with dividends reinvested. In 2026 Q3 it added no new positions and exited none.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
CAPITAL GROUP MUNICIPAL HIGH-INCOME ETF | 23.56% | $1.53B | 59.9M | $25.54 |
CAPITAL GROUP MUNICIPAL INCOME ETF | 19.66% | $1.28B | 46.7M | $27.33 |
CAPITAL GROUP DIVIDEND VALUE ETF | 16.41% | $1.07B | 23.0M | $46.41 |
RWIGXCAPITAL WORLD GROWTH & INCOME FUND | 13.26% | $861.06M | 11.1M | $77.70 |
CAPITAL GROUP DIVIDEND GROWERS ETF | 10.23% | $664.37M | 17.8M | $37.37 |
CAPITAL GROUP CONSERVATIVE EQUITY ETF | 4.83% | $313.87M | 10.0M | $31.54 |
CAPITAL GROUP GLOBAL EQUITY ETF | 4.20% | $272.60M | 8.2M | $33.10 |
CAPITAL GROUP CORE EQUITY ETF | 3.97% | $257.84M | 6.1M | $42.56 |
CAPITAL GROUP SHORT DURATION MUNICIPAL INCOME ETF | 3.47% | $225.47M | 8.6M | $26.32 |
CMQXXCAPITAL GROUP CENTRAL CASH FUND | 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.
All 18 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.73% |
| Cash & short-term | 0.28% |
How it has done
TAIAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 7.35%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 6 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.66% | +17.00% | +44.99% | +39.41% | -6.24% | |
| 1.36% | +16.18% | +41.98% | +34.62% | -6.39% | |
| 0.70% | +17.01% | +44.77% | +39.16% | -6.26% | |
| 0.45% | +17.33% | +45.96% | +40.99% | -6.18% | |
| 0.34% | +17.41% | +46.37% | +41.68% | -6.15% | |
| 0.61% | +17.33% | +46.27% | +41.59% | -6.16% |
These classes hold the same portfolio, so the 7.06pp spread over 5 years is the cost difference between them — roughly 1.41pp a year — not a difference in what they own.
Fees & fund details
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
- Expense ratio, by class
- 0.34% – 1.36%· TAIAX 0.66%
- Portfolio turnover
- 39.00% a year · as of 2025 Q4
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
0 new
0 exited
Understand how this fund fits with the rest.
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