Managed Risk Growth-Income Fund
AMERICAN FUNDS INSURANCE SERIES
Fund classification
Classified from what the fund holds · as of 2026 Q2
Managed Risk Growth-Income Fund 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 · 2026 Q2
The funds investment objectives are to achieve long-term growth of capital and income while seeking to manage volatility and provide downside protection.
The fund invests in shares of two underlying funds: an equity-focused growth-income fund (normally 80% of assets) and a bond fund (the remainder), while a subadviser employs exchange-traded put options and futures contracts on equity indexes to manage volatility around a target level and seek downside protection. The subadviser adjusts these hedging instruments regularly, using them more heavily during periods of extreme market volatility and maintaining put option positions even when equity volatility is low. Because the fund's net risk exposure depends on the subadviser's ongoing selection and adjustment of these derivatives, actual downside protection and volatility management may vary with market conditions and the effectiveness of the hedging strategy.
| Share class | Expense ratio |
|---|---|
| C000126060 | 0.63% |
| C000126061 | 0.88% |
Portfolio turnover 29.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 96.67% |
| Cash & short-term | 2.55% |
| Derivatives | 0.50% |
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: SPX US 12/18/26 P5225, S&P500 EMINI FUT SEP26, SPX US 12/18/26 P5100, SPX US 12/18/26 P5125, SPX US 12/18/26 P4850, SPX US 12/18/26 P5175, SPX US 12/18/26 P5000, SPX US 12/18/26 P4875
Largest exited: SPX US 06/18/26 P4700, SPX US 06/18/26 P4825, S&P500 EMINI FUT JUN26, SPX US 06/18/26 P4850, S&P MID 400 EMINI JUN26, SPX US 06/18/26 P4625, SPX US 06/18/26 P4650, SPX US 06/18/26 P4750
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 and Jun 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.
This fund changed legal form during the period shown. The history above is continuous — it spans both eras, and the change is not a gap in reporting.
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 |
|---|---|---|---|---|---|
| — | AFIS GROWTH-INCOME FUND | 80.03% | $69.82 | $1.67B | 23.9M |
| — | AMERICAN FUNDS INSURANCE SERIES - THE BOND FUND OF AMERICA | 16.64% | $9.50 | $347.24M | 36.6M |
| — | State Street Institutional U.S. Government Money Market Fund - Premier Class | 2.55% | — | $53.31M | — |
| — | SPX US 12/18/26 P5225 | 0.20% | — | $4.23M | — |
| — | SPX US 09/18/26 P4750 | 0.10% | — | $2.20M | — |
| — | S&P500 EMINI FUT SEP26 | 0.06% | — | $1.18M | — |
| — | SPX US 12/18/26 P5100 | 0.03% | — | $0.68M | — |
| — | SPX US 12/18/26 P5125 | 0.02% | — | $0.43M | — |
| — | SPX US 12/18/26 P4850 | 0.02% | — | $0.36M | — |
| — | SPX US 12/18/26 P5175 | 0.01% | — | $0.24M | — |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 99.67% of net assets, top 25 99.72%, across 19 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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