This fund primarily aims to deliver a steady stream of income, with some of that income being free from federal income tax, while also seeking long-term growth for its capital. It achieves these goals by strategically investing in a diverse array of other American Funds, with their allocations and proportions adjusted as needed. The constituent American Funds typically focus on generating income and may include strategies such as growth-and-income, equity-income, balanced, and fixed income investments.
