CPPGX

About CPPGX

American Funds Preservation Portfolio Class ABLE-A is a fund-of-funds designed to deliver current income while prioritizing preservation of capital. It allocates primarily to fixed income, with exposure concentrated in short-duration U.S. bonds and complementary allocations to non-U.S. bonds and cash equivalents to manage interest rate sensitivity. The portfolio typically emphasizes high-quality sectors, including U.S. Treasuries, mortgage- and asset-backed securities, and investment-grade corporates, resulting in an effective duration near the short end of the curve and regular monthly income distributions. Managed by Capital Research and Management Company through its Portfolio Solutions Committee, the strategy uses an objectives-based approach and low portfolio turnover to maintain stability and liquidity across market cycles. The vehicle’s structure within the ABLE share class is intended for use in ABLE accounts, aligning with goals that prioritize capital stability and predictable income, while leveraging scale, research depth, and underlying American Funds to implement a conservative, high-quality bond allocation.