RPPCX

About RPPCX

American Funds Preservation Portfolio R-3 is a multi-fund mutual fund designed to prioritize preservation of capital while providing current income. It allocates primarily to high-quality, short-duration fixed income through a blend of underlying American Funds bond strategies, with a focus on U.S. Treasuries and agencies, mortgage-backed and asset-backed securities, and investment-grade corporates. According to the fund sponsor, the portfolio holds a significant majority in U.S. bonds with limited interest-rate sensitivity, pays dividends monthly, and maintains low turnover consistent with its conservative mandate. The structure is intentionally simple, concentrating exposure in a small number of underlying fixed income funds to deliver stability and liquidity. Its role in the market is to serve investors seeking a conservative core bond allocation that emphasizes capital preservation, high credit quality, and short effective duration relative to broader aggregate bond benchmarks, guided by Capital Group’s Portfolio Solutions oversight and periodic allocation reviews to keep the holdings aligned with the objective.