American Funds Insurance Series® - Target Date Series
American Funds® IS 2070 Target Date Fund
Investment portfolio
September 30, 2024unaudited
Growth funds 46.67% | Shares | Value (000) | |
SMALLCAP World Fund, Inc., Class R-6 | 62 | $5 | |
New Perspective Fund, Class R-6 | 68 | 4 | |
AMCAP Fund, Class R-6 | 68 | 3 | |
New World Fund, Inc., Class R-6 | 37 | 3 | |
The Growth Fund of America, Class R-6 | 40 | 3 | |
The New Economy Fund, Class R-6 | 33 | 2 | |
EuroPacific Growth Fund, Class R-6 | 15 | 1 | |
Total growth funds (cost: $20,000) | 21 | ||
Growth-and-income funds 37.78% | |||
Capital World Growth and Income Fund, Class R-6 | 54 | 4 | |
Fundamental Investors, Class R-6 | 47 | 4 | |
Washington Mutual Investors Fund, Class R-6 | 56 | 4 | |
The Investment Company of America, Class R-6 | 52 | 3 | |
American Mutual Fund, Class R-6 | 39 | 2 | |
Total growth-and-income funds (cost: $15,000) | 17 | ||
Balanced funds 8.89% | |||
American Balanced Fund, Class R-6 | 74 | 3 | |
American Funds Global Balanced Fund, Class R-6 | 34 | 1 | |
Total balanced funds (cost: $4,000) | 4 | ||
Fixed income funds 6.66% | |||
U.S. Government Securities Fund, Class R-6 | 182 | 2 | |
American Funds Emerging Markets Bond Fund, Class R6 | 42 | 1 | |
Total fixed income funds (cost: $2,000) | 3 | ||
Total investment securities 100.00% (cost: $41,000) | 45 | ||
Other assets less liabilities 0.00% | — 1 | ||
Net assets 100.00% | $45 | ||
American Funds Insurance Series — Target Date Series — Page 1 of 29
unaudited
Investments in affiliates2
Value at 1/1/2024 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized appreciation (depreciation) (000) | Value at 9/30/2024 (000) | Dividend income (000) | Capital gain distributions received (000) | |
Growth funds 46.67% | ||||||||
SMALLCAP World Fund, Inc., Class R-6 | $— | $4 | $— | $— | $1 | $5 | $— | $— |
New Perspective Fund, Class R-6 | — | 4 | — 1 | — 1 | — 1 | 4 | — | — |
AMCAP Fund, Class R-6 | — | 3 | — 1 | — 1 | — 1 | 3 | — | — 1 |
New World Fund, Inc., Class R-6 | — | 3 | — | — | — 1 | 3 | — | — |
The Growth Fund of America, Class R-6 | — | 3 | — 1 | — 1 | — 1 | 3 | — | — |
The New Economy Fund, Class R-6 | — | 2 | — 1 | — 1 | — 1 | 2 | — | — |
EuroPacific Growth Fund, Class R-6 | — | 1 | — | — | — 1 | 1 | — 1 | — 1 |
21 | ||||||||
Growth-and-income funds 37.78% | ||||||||
Capital World Growth and Income Fund, Class R-6 | — | 3 | — 1 | — 1 | 1 | 4 | — 1 | — |
Fundamental Investors, Class R-6 | — | 4 | — 1 | — 1 | — 1 | 4 | — 1 | — 1 |
Washington Mutual Investors Fund, Class R-6 | — | 3 | — 1 | — 1 | 1 | 4 | — 1 | — 1 |
The Investment Company of America, Class R-6 | — | 3 | — 1 | — 1 | — 1 | 3 | — 1 | — 1 |
American Mutual Fund, Class R-6 | — | 2 | — 1 | — 1 | — 1 | 2 | — 1 | — |
17 | ||||||||
Balanced funds 8.89% | ||||||||
American Balanced Fund, Class R-6 | — | 3 | — 1 | — 1 | — 1 | 3 | — 1 | — |
American Funds Global Balanced Fund, Class R-6 | — | 2 | 1 | — 1 | — 1 | 1 | — 1 | — |
4 | ||||||||
Fixed income funds 6.66% | ||||||||
U.S. Government Securities Fund, Class R-6 | — | 2 | — | — | — 1 | 2 | — 1 | — |
American Funds Emerging Markets Bond Fund, Class R-6 | — | 1 | — | — | — 1 | 1 | — 1 | — |
3 | ||||||||
Total 100.00% | $— 1 | $3 | $45 | $— 1 | $— 1 | |||
1 | Amount less than one thousand. |
2 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
American Funds Insurance Series — Target Date Series — Page 2 of 29
American Funds® IS 2065 Target Date Fund
Investment portfolio
September 30, 2024unaudited
Growth funds 47.17% | Shares | Value (000) | |
New Perspective Fund, Class R-6 | 79 | $5 | |
SMALLCAP World Fund, Inc., Class R-6 | 72 | 5 | |
AMCAP Fund, Class R-6 | 80 | 4 | |
New World Fund, Inc., Class R-6 | 43 | 4 | |
The Growth Fund of America, Class R-6 | 47 | 4 | |
The New Economy Fund, Class R-6 | 39 | 2 | |
EuroPacific Growth Fund, Class R-6 | 17 | 1 | |
Total growth funds (cost: $20,000) | 25 | ||
Growth-and-income funds 37.74% | |||
Fundamental Investors, Class R-6 | 55 | 5 | |
Capital World Growth and Income Fund, Class R-6 | 63 | 4 | |
The Investment Company of America, Class R-6 | 61 | 4 | |
Washington Mutual Investors Fund, Class R-6 | 66 | 4 | |
American Mutual Fund, Class R-6 | 46 | 3 | |
Total growth-and-income funds (cost: $16,000) | 20 | ||
Balanced funds 9.43% | |||
American Balanced Fund, Class R-6 | 87 | 3 | |
American Funds Global Balanced Fund, Class R-6 | 40 | 2 | |
Total balanced funds (cost: $4,000) | 5 | ||
Fixed income funds 5.66% | |||
U.S. Government Securities Fund, Class R-6 | 214 | 3 | |
American Funds Emerging Markets Bond Fund, Class R6 | 49 | — 1 | |
Total fixed income funds (cost: $3,000) | 3 | ||
Total investment securities 100.00% (cost: $43,000) | 53 | ||
Other assets less liabilities 0.00% | — 1 | ||
Net assets 100.00% | $53 | ||
American Funds Insurance Series — Target Date Series — Page 3 of 29
unaudited
Investments in affiliates2
Value at 1/1/2024 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized appreciation (depreciation) (000) | Value at 9/30/2024 (000) | Dividend income (000) | Capital gain distributions received (000) | |
Growth funds 47.17% | ||||||||
New Perspective Fund, Class R-6 | $5 | $— | $— 1 | $— 1 | $— 1 | $5 | $— | $— |
SMALLCAP World Fund, Inc., Class R-6 | 4 | 1 | — | — | — 1 | 5 | — | — |
AMCAP Fund, Class R-6 | 3 | — 1 | — 1 | — 1 | 1 | 4 | — | — 1 |
New World Fund, Inc., Class R-6 | 2 | 2 | — | — | — 1 | 4 | — | — |
The Growth Fund of America, Class R-6 | 3 | — 1 | — 1 | — 1 | 1 | 4 | — | — |
The New Economy Fund, Class R-6 | 2 | — | — 1 | — 1 | — 1 | 2 | — | — |
EuroPacific Growth Fund, Class R-6 | 1 | — 1 | — | — | — 1 | 1 | — 1 | — 1 |
25 | ||||||||
Growth-and-income funds 37.74% | ||||||||
Fundamental Investors, Class R-6 | 4 | — 1 | — 1 | — 1 | 1 | 5 | — 1 | — 1 |
Capital World Growth and Income Fund, Class R-6 | 4 | — 1 | 1 | — 1 | 1 | 4 | — 1 | — |
The Investment Company of America, Class R-6 | 3 | — 1 | — 1 | — 1 | 1 | 4 | — 1 | — 1 |
Washington Mutual Investors Fund, Class R-6 | 4 | — 1 | — 1 | — 1 | — 1 | 4 | — 1 | — 1 |
American Mutual Fund, Class R-6 | 2 | — 1 | — 1 | — 1 | 1 | 3 | — 1 | — |
20 | ||||||||
Balanced funds 9.43% | ||||||||
American Balanced Fund, Class R-6 | 3 | — 1 | — | — | — 1 | 3 | — 1 | — |
American Funds Global Balanced Fund, Class R-6 | 3 | — 1 | 1 | — 1 | — 1 | 2 | — 1 | — |
5 | ||||||||
Fixed income funds 5.66% | ||||||||
U.S. Government Securities Fund, Class R-6 | 2 | 1 | — | — | — 1 | 3 | — 1 | — |
American Funds Emerging Markets Bond Fund, Class R-6 | — | — 1 | — | — | — 1 | — 1 | — 1 | — |
3 | ||||||||
Total 100.00% | $— 1 | $6 | $53 | $— 1 | $— 1 | |||
1 | Amount less than one thousand. |
2 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
American Funds Insurance Series — Target Date Series — Page 4 of 29
American Funds® IS 2060 Target Date Fund
Investment portfolio
September 30, 2024unaudited
Growth funds 47.17% | Shares | Value (000) | |
New Perspective Fund, Class R-6 | 79 | $5 | |
SMALLCAP World Fund, Inc., Class R-6 | 72 | 5 | |
AMCAP Fund, Class R-6 | 80 | 4 | |
New World Fund, Inc., Class R-6 | 43 | 4 | |
The Growth Fund of America, Class R-6 | 47 | 4 | |
The New Economy Fund, Class R-6 | 39 | 2 | |
EuroPacific Growth Fund, Class R-6 | 17 | 1 | |
Total growth funds (cost: $20,000) | 25 | ||
Growth-and-income funds 37.74% | |||
Fundamental Investors, Class R-6 | 55 | 5 | |
Capital World Growth and Income Fund, Class R-6 | 63 | 4 | |
The Investment Company of America, Class R-6 | 61 | 4 | |
Washington Mutual Investors Fund, Class R-6 | 66 | 4 | |
American Mutual Fund, Class R-6 | 46 | 3 | |
Total growth-and-income funds (cost: $16,000) | 20 | ||
Balanced funds 9.43% | |||
American Balanced Fund, Class R-6 | 87 | 3 | |
American Funds Global Balanced Fund, Class R-6 | 40 | 2 | |
Total balanced funds (cost: $4,000) | 5 | ||
Fixed income funds 5.66% | |||
U.S. Government Securities Fund, Class R-6 | 214 | 3 | |
American Funds Emerging Markets Bond Fund, Class R6 | 49 | — 1 | |
Total fixed income funds (cost: $3,000) | 3 | ||
Total investment securities 100.00% (cost: $43,000) | 53 | ||
Other assets less liabilities 0.00% | — 1 | ||
Net assets 100.00% | $53 | ||
American Funds Insurance Series — Target Date Series — Page 5 of 29
unaudited
Investments in affiliates2
Value at 1/1/2024 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized appreciation (depreciation) (000) | Value at 9/30/2024 (000) | Dividend income (000) | Capital gain distributions received (000) | |
Growth funds 47.17% | ||||||||
New Perspective Fund, Class R-6 | $5 | $— | $— 1 | $— 1 | $— 1 | $5 | $— | $— |
SMALLCAP World Fund, Inc., Class R-6 | 4 | 1 | — | — | — 1 | 5 | — | — |
AMCAP Fund, Class R-6 | 3 | — 1 | — 1 | — 1 | 1 | 4 | — | — 1 |
New World Fund, Inc., Class R-6 | 2 | 2 | — | — | — 1 | 4 | — | — |
The Growth Fund of America, Class R-6 | 3 | — 1 | — 1 | — 1 | 1 | 4 | — | — |
The New Economy Fund, Class R-6 | 2 | — | — 1 | — 1 | — 1 | 2 | — | — |
EuroPacific Growth Fund, Class R-6 | 1 | — 1 | — | — | — 1 | 1 | — 1 | — 1 |
25 | ||||||||
Growth-and-income funds 37.74% | ||||||||
Fundamental Investors, Class R-6 | 4 | — 1 | — 1 | — 1 | 1 | 5 | — 1 | — 1 |
Capital World Growth and Income Fund, Class R-6 | 4 | — 1 | 1 | — 1 | 1 | 4 | — 1 | — |
The Investment Company of America, Class R-6 | 3 | — 1 | — 1 | — 1 | 1 | 4 | — 1 | — 1 |
Washington Mutual Investors Fund, Class R-6 | 4 | — 1 | — 1 | — 1 | — 1 | 4 | — 1 | — 1 |
American Mutual Fund, Class R-6 | 2 | — 1 | — 1 | — 1 | 1 | 3 | — 1 | — |
20 | ||||||||
Balanced funds 9.43% | ||||||||
American Balanced Fund, Class R-6 | 3 | — 1 | — | — | — 1 | 3 | — 1 | — |
American Funds Global Balanced Fund, Class R-6 | 3 | — 1 | 1 | — 1 | — 1 | 2 | — 1 | — |
5 | ||||||||
Fixed income funds 5.66% | ||||||||
U.S. Government Securities Fund, Class R-6 | 2 | 1 | — | — | — 1 | 3 | — 1 | — |
American Funds Emerging Markets Bond Fund, Class R-6 | — | — 1 | — | — | — 1 | — 1 | — 1 | — |
3 | ||||||||
Total 100.00% | $— 1 | $6 | $53 | $— 1 | $— 1 | |||
1 | Amount less than one thousand. |
2 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
American Funds Insurance Series — Target Date Series — Page 6 of 29
American Funds® IS 2055 Target Date Fund
Investment portfolio
September 30, 2024unaudited
Growth funds 47.17% | Shares | Value (000) | |
New Perspective Fund, Class R-6 | 72 | $5 | |
SMALLCAP World Fund, Inc., Class R-6 | 66 | 5 | |
New World Fund, Inc., Class R-6 | 43 | 4 | |
The Growth Fund of America, Class R-6 | 47 | 4 | |
AMCAP Fund, Class R-6 | 80 | 3 | |
The New Economy Fund, Class R-6 | 39 | 2 | |
American Funds Global Insight Fund, Class R-6 | 39 | 1 | |
EuroPacific Growth Fund, Class R-6 | 17 | 1 | |
Total growth funds (cost: $20,000) | 25 | ||
Growth-and-income funds 37.74% | |||
Capital World Growth and Income Fund, Class R-6 | 63 | 5 | |
Fundamental Investors, Class R-6 | 55 | 5 | |
Washington Mutual Investors Fund, Class R-6 | 66 | 4 | |
American Mutual Fund, Class R-6 | 54 | 3 | |
The Investment Company of America, Class R-6 | 53 | 3 | |
Total growth-and-income funds (cost: $16,000) | 20 | ||
Balanced funds 9.43% | |||
American Balanced Fund, Class R-6 | 87 | 3 | |
American Funds Global Balanced Fund, Class R-6 | 40 | 2 | |
Total balanced funds (cost: $4,000) | 5 | ||
Fixed income funds 5.66% | |||
U.S. Government Securities Fund, Class R-6 | 214 | 3 | |
American Funds Emerging Markets Bond Fund, Class R6 | 49 | — 1 | |
Total fixed income funds (cost: $3,000) | 3 | ||
Total investment securities 100.00% (cost: $43,000) | 53 | ||
Other assets less liabilities 0.00% | — 1 | ||
Net assets 100.00% | $53 | ||
American Funds Insurance Series — Target Date Series — Page 7 of 29
unaudited
Investments in affiliates2
Value at 1/1/2024 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized appreciation (depreciation) (000) | Value at 9/30/2024 (000) | Dividend income (000) | Capital gain distributions received (000) | |
Growth funds 47.17% | ||||||||
New Perspective Fund, Class R-6 | $4 | $— | $— 1 | $— 1 | $1 | $5 | $— | $— |
SMALLCAP World Fund, Inc., Class R-6 | 4 | 1 | — | — | — 1 | 5 | — | — |
New World Fund, Inc., Class R-6 | 2 | 2 | — | — | — 1 | 4 | — | — |
The Growth Fund of America, Class R-6 | 3 | — 1 | — 1 | — 1 | 1 | 4 | — | — |
AMCAP Fund, Class R-6 | 3 | — 1 | — 1 | — 1 | — 1 | 3 | — | — 1 |
The New Economy Fund, Class R-6 | 2 | — | — 1 | — 1 | — 1 | 2 | — | — |
American Funds Global Insight Fund, Class R-6 | 1 | — 1 | — | — | — 1 | 1 | — | — |
EuroPacific Growth Fund, Class R-6 | 1 | — 1 | — | — | — 1 | 1 | — 1 | — 1 |
25 | ||||||||
Growth-and-income funds 37.74% | ||||||||
Capital World Growth and Income Fund, Class R-6 | 4 | — 1 | — 1 | — 1 | 1 | 5 | — 1 | — |
Fundamental Investors, Class R-6 | 4 | — 1 | — 1 | — 1 | 1 | 5 | — 1 | — 1 |
Washington Mutual Investors Fund, Class R-6 | 4 | — 1 | — 1 | — 1 | — 1 | 4 | — 1 | — 1 |
American Mutual Fund, Class R-6 | 2 | — 1 | — 1 | — 1 | 1 | 3 | — 1 | — |
The Investment Company of America, Class R-6 | 3 | — 1 | 1 | — 1 | 1 | 3 | — 1 | — 1 |
20 | ||||||||
Balanced funds 9.43% | ||||||||
American Balanced Fund, Class R-6 | 3 | — 1 | — | — | — 1 | 3 | — 1 | — |
American Funds Global Balanced Fund, Class R-6 | 3 | — 1 | 1 | — 1 | — 1 | 2 | — 1 | — |
5 | ||||||||
Fixed income funds 5.66% | ||||||||
U.S. Government Securities Fund, Class R-6 | 2 | 1 | — | — | — 1 | 3 | — 1 | — |
American Funds Emerging Markets Bond Fund, Class R-6 | — | — 1 | — | — | — 1 | — 1 | — 1 | — |
3 | ||||||||
Total 100.00% | $— 1 | $6 | $53 | $— 1 | $— 1 | |||
1 | Amount less than one thousand. |
2 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
American Funds Insurance Series — Target Date Series — Page 8 of 29
American Funds® IS 2050 Target Date Fund
Investment portfolio
September 30, 2024unaudited
Growth funds 45.28% | Shares | Value (000) | |
New Perspective Fund, Class R-6 | 71 | $5 | |
AMCAP Fund, Class R-6 | 80 | 4 | |
SMALLCAP World Fund, Inc., Class R-6 | 58 | 4 | |
The Growth Fund of America, Class R-6 | 47 | 4 | |
New World Fund, Inc., Class R-6 | 34 | 3 | |
The New Economy Fund, Class R-6 | 32 | 2 | |
American Funds Global Insight Fund, Class R-6 | 62 | 1 | |
EuroPacific Growth Fund, Class R-6 | 17 | 1 | |
Total growth funds (cost: $19,000) | 24 | ||
Growth-and-income funds 35.85% | |||
American Mutual Fund, Class R-6 | 63 | 4 | |
Capital World Growth and Income Fund, Class R-6 | 55 | 4 | |
Fundamental Investors, Class R-6 | 49 | 4 | |
Washington Mutual Investors Fund, Class R-6 | 66 | 4 | |
The Investment Company of America, Class R-6 | 44 | 3 | |
Total growth-and-income funds (cost: $15,000) | 19 | ||
Equity-income funds 3.77% | |||
Capital Income Builder, Class R-6 | 13 | 1 | |
The Income Fund of America, Class R-6 | 37 | 1 | |
Total equity-income funds (cost: $2,000) | 2 | ||
Balanced funds 9.44% | |||
American Balanced Fund, Class R-6 | 99 | 4 | |
American Funds Global Balanced Fund, Class R-6 | 37 | 1 | |
Total balanced funds (cost: $4,000) | 5 | ||
Fixed income funds 5.66% | |||
U.S. Government Securities Fund, Class R-6 | 213 | 3 | |
American Funds Emerging Markets Bond Fund, Class R6 | 49 | — 1 | |
Total fixed income funds (cost: $3,000) | 3 | ||
Total investment securities 100.00% (cost: $43,000) | 53 | ||
Other assets less liabilities 0.00% | — 1 | ||
Net assets 100.00% | $53 | ||
American Funds Insurance Series — Target Date Series — Page 9 of 29
unaudited
Investments in affiliates2
Value at 1/1/2024 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized appreciation (depreciation) (000) | Value at 9/30/2024 (000) | Dividend income (000) | Capital gain distributions received (000) | |
Growth funds 45.28% | ||||||||
New Perspective Fund, Class R-6 | $4 | $— | $— 1 | $— 1 | $1 | $5 | $— | $— |
AMCAP Fund, Class R-6 | 3 | — 1 | — 1 | — 1 | 1 | 4 | — | — 1 |
SMALLCAP World Fund, Inc., Class R-6 | 4 | — 1 | — | — | — 1 | 4 | — | — |
The Growth Fund of America, Class R-6 | 3 | — 1 | — 1 | — 1 | 1 | 4 | — | — |
New World Fund, Inc., Class R-6 | 1 | 1 | — | — | 1 | 3 | — | — |
The New Economy Fund, Class R-6 | 2 | — | — 1 | — 1 | — 1 | 2 | — | — |
American Funds Global Insight Fund, Class R-6 | 1 | — 1 | — | — | — 1 | 1 | — | — |
EuroPacific Growth Fund, Class R-6 | 1 | — 1 | — | — | — 1 | 1 | — 1 | — 1 |
24 | ||||||||
Growth-and-income funds 35.85% | ||||||||
American Mutual Fund, Class R-6 | 3 | — 1 | — 1 | — 1 | 1 | 4 | — 1 | — |
Capital World Growth and Income Fund, Class R-6 | 4 | — 1 | — 1 | — 1 | — 1 | 4 | — 1 | — |
Fundamental Investors, Class R-6 | 4 | — 1 | 1 | — 1 | 1 | 4 | — 1 | — 1 |
Washington Mutual Investors Fund, Class R-6 | 4 | — 1 | — 1 | — 1 | — 1 | 4 | — 1 | — 1 |
The Investment Company of America, Class R-6 | 2 | — 1 | — 1 | — 1 | 1 | 3 | — 1 | — 1 |
19 | ||||||||
Equity-income funds 3.77% | ||||||||
Capital Income Builder, Class R-6 | 1 | — 1 | — | — | — 1 | 1 | — 1 | — |
The Income Fund of America, Class R-6 | 1 | — 1 | — | — | — 1 | 1 | — 1 | — |
2 | ||||||||
Balanced funds 9.44% | ||||||||
American Balanced Fund, Class R-6 | 3 | — 1 | — | — | 1 | 4 | — 1 | — |
American Funds Global Balanced Fund, Class R-6 | 2 | — 1 | 1 | — 1 | — 1 | 1 | — 1 | — |
5 | ||||||||
Fixed income funds 5.66% | ||||||||
U.S. Government Securities Fund, Class R-6 | 2 | 1 | — | — | — 1 | 3 | — 1 | — |
American Funds Emerging Markets Bond Fund, Class R-6 | — | — 1 | — | — | — 1 | — 1 | — 1 | — |
3 | ||||||||
Total 100.00% | $— 1 | $8 | $53 | $— 1 | $— 1 | |||
1 | Amount less than one thousand. |
2 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
American Funds Insurance Series — Target Date Series — Page 10 of 29
American Funds® IS 2045 Target Date Fund
Investment portfolio
September 30, 2024unaudited
Growth funds 44.23% | Shares | Value (000) | |
New Perspective Fund, Class R-6 | 56 | $4 | |
SMALLCAP World Fund, Inc., Class R-6 | 51 | 4 | |
The Growth Fund of America, Class R-6 | 46 | 4 | |
AMCAP Fund, Class R-6 | 79 | 3 | |
New World Fund, Inc., Class R-6 | 32 | 3 | |
American Funds Global Insight Fund, Class R-6 | 83 | 2 | |
The New Economy Fund, Class R-6 | 31 | 2 | |
EuroPacific Growth Fund, Class R-6 | 17 | 1 | |
Total growth funds (cost: $18,000) | 23 | ||
Growth-and-income funds 32.69% | |||
American Mutual Fund, Class R-6 | 63 | 4 | |
Capital World Growth and Income Fund, Class R-6 | 55 | 4 | |
Fundamental Investors, Class R-6 | 49 | 4 | |
Washington Mutual Investors Fund, Class R-6 | 58 | 3 | |
The Investment Company of America, Class R-6 | 35 | 2 | |
Total growth-and-income funds (cost: $14,000) | 17 | ||
Equity-income funds 7.69% | |||
Capital Income Builder, Class R-6 | 21 | 2 | |
The Income Fund of America, Class R-6 | 78 | 2 | |
Total equity-income funds (cost: $3,000) | 4 | ||
Balanced funds 9.62% | |||
American Balanced Fund, Class R-6 | 113 | 4 | |
American Funds Global Balanced Fund, Class R-6 | 36 | 1 | |
Total balanced funds (cost: $5,000) | 5 | ||
Fixed income funds 5.77% | |||
U.S. Government Securities Fund, Class R-6 | 211 | 3 | |
American Funds Emerging Markets Bond Fund, Class R6 | 49 | — 1 | |
Total fixed income funds (cost: $3,000) | 3 | ||
Total investment securities 100.00% (cost: $43,000) | 52 | ||
Other assets less liabilities 0.00% | — 1 | ||
Net assets 100.00% | $52 | ||
American Funds Insurance Series — Target Date Series — Page 11 of 29
unaudited
Investments in affiliates2
Value at 1/1/2024 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized appreciation (depreciation) (000) | Value at 9/30/2024 (000) | Dividend income (000) | Capital gain distributions received (000) | |
Growth funds 44.23% | ||||||||
New Perspective Fund, Class R-6 | $3 | $— | $— 1 | $— 1 | $1 | $4 | $— | $— |
SMALLCAP World Fund, Inc., Class R-6 | 3 | — 1 | — | — | 1 | 4 | — | — |
The Growth Fund of America, Class R-6 | 4 | — 1 | 1 | — 1 | 1 | 4 | — | — |
AMCAP Fund, Class R-6 | 3 | — 1 | — 1 | — 1 | — 1 | 3 | — | — 1 |
New World Fund, Inc., Class R-6 | 1 | 1 | — | — | 1 | 3 | — | — |
American Funds Global Insight Fund, Class R-6 | 2 | — 1 | — | — | — 1 | 2 | — | — |
The New Economy Fund, Class R-6 | 2 | — | — 1 | — 1 | — 1 | 2 | — | — |
EuroPacific Growth Fund, Class R-6 | 1 | — 1 | — | — | — 1 | 1 | — 1 | — 1 |
23 | ||||||||
Growth-and-income funds 32.69% | ||||||||
American Mutual Fund, Class R-6 | 3 | — 1 | — 1 | — 1 | 1 | 4 | — 1 | — |
Capital World Growth and Income Fund, Class R-6 | 4 | — 1 | — 1 | — 1 | — 1 | 4 | — 1 | — |
Fundamental Investors, Class R-6 | 4 | — 1 | 1 | — 1 | 1 | 4 | — 1 | — 1 |
Washington Mutual Investors Fund, Class R-6 | 3 | — 1 | — 1 | — 1 | — 1 | 3 | — 1 | — 1 |
The Investment Company of America, Class R-6 | 2 | — 1 | — 1 | — 1 | — 1 | 2 | — 1 | — 1 |
17 | ||||||||
Equity-income funds 7.69% | ||||||||
Capital Income Builder, Class R-6 | 1 | 1 | — | — | — 1 | 2 | — 1 | — |
The Income Fund of America, Class R-6 | 2 | — 1 | — | — | — 1 | 2 | — 1 | — |
4 | ||||||||
Balanced funds 9.62% | ||||||||
American Balanced Fund, Class R-6 | 3 | — 1 | — | — | 1 | 4 | — 1 | — |
American Funds Global Balanced Fund, Class R-6 | 2 | — 1 | 1 | — 1 | — 1 | 1 | — 1 | — |
5 | ||||||||
Fixed income funds 5.77% | ||||||||
U.S. Government Securities Fund, Class R-6 | 2 | 1 | — | — | — 1 | 3 | — 1 | — |
American Funds Emerging Markets Bond Fund, Class R-6 | — | — 1 | — | — | — 1 | — 1 | — 1 | — |
3 | ||||||||
Total 100.00% | $— 1 | $7 | $52 | $— 1 | $— 1 | |||
1 | Amount less than one thousand. |
2 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
American Funds Insurance Series — Target Date Series — Page 12 of 29
American Funds® IS 2040 Target Date Fund
Investment portfolio
September 30, 2024unaudited
Growth funds 38.49% | Shares | Value (000) | |
AMCAP Fund, Class R-6 | 424 | $20 | |
New Perspective Fund, Class R-6 | 292 | 19 | |
The Growth Fund of America, Class R-6 | 247 | 19 | |
SMALLCAP World Fund, Inc., Class R-6 | 232 | 17 | |
American Funds Global Insight Fund, Class R-6 | 457 | 11 | |
The New Economy Fund, Class R-6 | 165 | 11 | |
New World Fund, Inc., Class R-6 | 116 | 10 | |
EuroPacific Growth Fund, Class R-6 | 5 | — 1 | |
Total growth funds (cost: $99,000) | 107 | ||
Growth-and-income funds 33.45% | |||
American Mutual Fund, Class R-6 | 339 | 20 | |
Capital World Growth and Income Fund, Class R-6 | 282 | 20 | |
Fundamental Investors, Class R-6 | 229 | 20 | |
Washington Mutual Investors Fund, Class R-6 | 266 | 17 | |
The Investment Company of America, Class R-6 | 184 | 11 | |
International Growth and Income Fund, Class R-6 | 134 | 5 | |
Total growth-and-income funds (cost: $86,000) | 93 | ||
Equity-income funds 7.20% | |||
The Income Fund of America, Class R-6 | 435 | 11 | |
Capital Income Builder, Class R-6 | 116 | 9 | |
Total equity-income funds (cost: $18,000) | 20 | ||
Balanced funds 10.43% | |||
American Balanced Fund, Class R-6 | 612 | 21 | |
American Funds Global Balanced Fund, Class R-6 | 189 | 8 | |
Total balanced funds (cost: $28,000) | 29 | ||
Fixed income funds 10.43% | |||
U.S. Government Securities Fund, Class R-6 | 1,096 | 14 | |
American Funds Inflation Linked Bond Fund, Class R-6 | 614 | 6 | |
American Funds Multi-Sector Income Fund, Class R-6 | 552 | 5 | |
Capital World Bond Fund, Class R-6 | 260 | 4 | |
Total fixed income funds (cost: $28,000) | 29 | ||
Total investment securities 100.00% (cost: $259,000) | 278 | ||
Other assets less liabilities 0.00% | — 1 | ||
Net assets 100.00% | $278 | ||
American Funds Insurance Series — Target Date Series — Page 13 of 29
unaudited
Investments in affiliates2
Value at 1/1/2024 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized appreciation (depreciation) (000) | Value at 9/30/2024 (000) | Dividend income (000) | Capital gain distributions received (000) | |
Growth funds 38.49% | ||||||||
AMCAP Fund, Class R-6 | $3 | $16 | $— 1 | $— 1 | $1 | $20 | $— | $— 1 |
New Perspective Fund, Class R-6 | 3 | 15 | — 1 | — 1 | 1 | 19 | — | — |
The Growth Fund of America, Class R-6 | 3 | 15 | — 1 | — 1 | 1 | 19 | — | — |
SMALLCAP World Fund, Inc., Class R-6 | 3 | 13 | — | — | 1 | 17 | — | — |
American Funds Global Insight Fund, Class R-6 | 2 | 9 | — | — | — 1 | 11 | — | — |
The New Economy Fund, Class R-6 | 2 | 8 | — 1 | — 1 | 1 | 11 | — | — |
New World Fund, Inc., Class R-6 | 1 | 8 | — | — | 1 | 10 | — | — |
EuroPacific Growth Fund, Class R-6 | — 1 | — 1 | — 1 | — 1 | — 1 | — 1 | — 1 | — 1 |
107 | ||||||||
Growth-and-income funds 33.45% | ||||||||
American Mutual Fund, Class R-6 | 3 | 15 | — 1 | — 1 | 2 | 20 | — 1 | — |
Capital World Growth and Income Fund, Class R-6 | 3 | 16 | — 1 | — 1 | 1 | 20 | — 1 | — |
Fundamental Investors, Class R-6 | 3 | 16 | — 1 | — 1 | 1 | 20 | — 1 | — 1 |
Washington Mutual Investors Fund, Class R-6 | 3 | 13 | — 1 | — 1 | 1 | 17 | — 1 | — 1 |
The Investment Company of America, Class R-6 | 2 | 8 | — 1 | — 1 | 1 | 11 | — 1 | — 1 |
International Growth and Income Fund, Class R-6 | 1 | 4 | — | — | — 1 | 5 | — 1 | — |
93 | ||||||||
Equity-income funds 7.20% | ||||||||
The Income Fund of America, Class R-6 | 2 | 8 | — 1 | — 1 | 1 | 11 | — 1 | — |
Capital Income Builder, Class R-6 | 1 | 7 | — 1 | — 1 | 1 | 9 | — 1 | — |
20 | ||||||||
Balanced funds 10.43% | ||||||||
American Balanced Fund, Class R-6 | 4 | 16 | — | — | 1 | 21 | — 1 | — |
American Funds Global Balanced Fund, Class R-6 | 2 | 6 | 1 | — 1 | 1 | 8 | — 1 | — |
29 | ||||||||
Fixed income funds 10.43% | ||||||||
U.S. Government Securities Fund, Class R-6 | 2 | 12 | 1 | — 1 | 1 | 14 | — 1 | — |
American Funds Inflation Linked Bond Fund, Class R-6 | 1 | 5 | — 1 | — 1 | — 1 | 6 | — | — |
American Funds Multi-Sector Income Fund, Class R-6 | 1 | 4 | — | — | — 1 | 5 | — 1 | — |
Capital World Bond Fund, Class R-6 | — | 4 | — 1 | — 1 | — 1 | 4 | — 1 | — |
29 | ||||||||
Total 100.00% | $— 1 | $17 | $278 | $— 1 | $— 1 | |||
1 | Amount less than one thousand. |
2 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
American Funds Insurance Series — Target Date Series — Page 14 of 29
American Funds® IS 2035 Target Date Fund
Investment portfolio
September 30, 2024unaudited
Growth funds 24.72% | Shares | Value (000) | |
AMCAP Fund, Class R-6 | 1,585 | $72 | |
The Growth Fund of America, Class R-6 | 927 | 72 | |
SMALLCAP World Fund, Inc., Class R-6 | 648 | 48 | |
American Funds Global Insight Fund, Class R-6 | 1,908 | 47 | |
New Perspective Fund, Class R-6 | 592 | 39 | |
The New Economy Fund, Class R-6 | 67 | 5 | |
New World Fund, Inc., Class R-6 | 39 | 3 | |
Total growth funds (cost: $194,000) | 286 | ||
Growth-and-income funds 32.15% | |||
American Mutual Fund, Class R-6 | 1,410 | 84 | |
Capital World Growth and Income Fund, Class R-6 | 1,189 | 82 | |
Fundamental Investors, Class R-6 | 848 | 73 | |
Washington Mutual Investors Fund, Class R-6 | 953 | 61 | |
The Investment Company of America, Class R-6 | 802 | 49 | |
International Growth and Income Fund, Class R-6 | 590 | 23 | |
Total growth-and-income funds (cost: $269,000) | 372 | ||
Equity-income funds 8.04% | |||
The Income Fund of America, Class R-6 | 1,827 | 47 | |
Capital Income Builder, Class R-6 | 622 | 46 | |
Total equity-income funds (cost: $78,000) | 93 | ||
Balanced funds 13.05% | |||
American Balanced Fund, Class R-6 | 2,588 | 93 | |
American Funds Global Balanced Fund, Class R-6 | 1,463 | 58 | |
Total balanced funds (cost: $118,000) | 151 | ||
Fixed income funds 22.04% | |||
U.S. Government Securities Fund, Class R-6 | 4,553 | 56 | |
American Funds Inflation Linked Bond Fund, Class R-6 | 5,422 | 52 | |
American Funds Mortgage Fund, Class R-6 | 5,296 | 48 | |
American Funds Multi-Sector Income Fund, Class R-6 | 3,383 | 33 | |
Intermediate Bond Fund of America, Class R-6 | 2,225 | 28 | |
American Funds Insurance Series — Target Date Series — Page 15 of 29
unaudited
Fixed income funds (continued) | Shares | Value (000) | |
American Funds Strategic Bond Fund, Class R-6 | 2,007 | $19 | |
Capital World Bond Fund, Class R-6 | 1,131 | 19 | |
Total fixed income funds (cost: $246,000) | 255 | ||
Total investment securities 100.00% (cost: $905,000) | 1,157 | ||
Other assets less liabilities 0.00% | — 1 | ||
Net assets 100.00% | $1,157 | ||
Investments in affiliates2
Value at 1/1/2024 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized appreciation (depreciation) (000) | Value at 9/30/2024 (000) | Dividend income (000) | Capital gain distributions received (000) | |
Growth funds 24.72% | ||||||||
AMCAP Fund, Class R-6 | $150 | $1 | $95 | $17 | $(1 ) | $72 | $— | $1 |
The Growth Fund of America, Class R-6 | 150 | — | 97 | 17 | 2 | 72 | — | — |
SMALLCAP World Fund, Inc., Class R-6 | 106 | — | 62 | 7 | (3 ) | 48 | — | — |
American Funds Global Insight Fund, Class R-6 | 96 | — | 57 | 6 | 2 | 47 | — | — |
New Perspective Fund, Class R-6 | 92 | — | 62 | 7 | 2 | 39 | — | — |
The New Economy Fund, Class R-6 | 19 | — | 16 | 4 | (2 ) | 5 | — | — |
New World Fund, Inc., Class R-6 | 10 | — | 8 | 1 | — 1 | 3 | — | — |
286 | ||||||||
Growth-and-income funds 32.15% | ||||||||
American Mutual Fund, Class R-6 | 169 | 1 | 100 | 5 | 9 | 84 | 1 | — |
Capital World Growth and Income Fund, Class R-6 | 169 | 1 | 102 | 11 | 3 | 82 | 1 | — |
Fundamental Investors, Class R-6 | 150 | 1 | 94 | 13 | 3 | 73 | 1 | — 1 |
Washington Mutual Investors Fund, Class R-6 | 125 | 3 | 77 | 8 | 2 | 61 | 1 | 3 |
The Investment Company of America, Class R-6 | 96 | 1 | 59 | 10 | 1 | 49 | — 1 | — 1 |
International Growth and Income Fund, Class R-6 | 48 | 1 | 28 | 1 | 1 | 23 | 1 | — |
372 | ||||||||
Equity-income funds 8.04% | ||||||||
The Income Fund of America, Class R-6 | 96 | 1 | 55 | 1 | 4 | 47 | 1 | — |
Capital Income Builder, Class R-6 | 92 | 1 | 52 | 1 | 4 | 46 | 1 | — |
93 | ||||||||
Balanced funds 13.05% | ||||||||
American Balanced Fund, Class R-6 | 193 | 1 | 114 | 10 | 3 | 93 | 1 | — |
American Funds Global Balanced Fund, Class R-6 | 121 | 1 | 69 | 4 | 1 | 58 | 1 | — |
151 | ||||||||
Fixed income funds 22.04% | ||||||||
U.S. Government Securities Fund, Class R-6 | 121 | 2 | 66 | (3 ) | 2 | 56 | 2 | — |
American Funds Inflation Linked Bond Fund, Class R-6 | 111 | — | 61 | (2 ) | 4 | 52 | — | — |
American Funds Mortgage Fund, Class R-6 | 96 | 2 | 49 | (2 ) | 1 | 48 | 2 | — |
American Funds Multi-Sector Income Fund, Class R-6 | 67 | 2 | 37 | 1 | — 1 | 33 | 2 | — |
Intermediate Bond Fund of America, Class R-6 | 58 | 1 | 31 | (1 ) | 1 | 28 | 1 | — |
American Funds Strategic Bond Fund, Class R-63 | 39 | — 1 | 20 | (1 ) | 1 | 19 | — 1 | — |
Capital World Bond Fund, Class R-63 | 39 | — 1 | 20 | — 1 | — 1 | 19 | — 1 | — |
255 | ||||||||
Total 100.00% | $115 | $40 | $1,157 | $16 | $4 | |||
American Funds Insurance Series — Target Date Series — Page 16 of 29
unaudited
1 | Amount less than one thousand. |
2 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
3 | A portion of the fund’s income dividends and/or capital gains distribution was deemed a return of capital for tax purposes. The net realized gain and/or dividend income amounts reflect the return of capital distribution. |
American Funds Insurance Series — Target Date Series — Page 17 of 29
American Funds® IS 2030 Target Date Fund
Investment portfolio
September 30, 2024unaudited
Growth funds 18.17% | Shares | Value (000) | |
AMCAP Fund, Class R-6 | 703 | $32 | |
The Growth Fund of America, Class R-6 | 286 | 22 | |
American Funds Global Insight Fund, Class R-6 | 686 | 17 | |
New Perspective Fund, Class R-6 | 176 | 12 | |
SMALLCAP World Fund, Inc., Class R-6 | 162 | 12 | |
Total growth funds (cost: $73,000) | 95 | ||
Growth-and-income funds 28.11% | |||
American Mutual Fund, Class R-6 | 634 | 38 | |
Capital World Growth and Income Fund, Class R-6 | 535 | 37 | |
Washington Mutual Investors Fund, Class R-6 | 421 | 27 | |
Fundamental Investors, Class R-6 | 204 | 17 | |
The Investment Company of America, Class R-6 | 279 | 17 | |
International Growth and Income Fund, Class R-6 | 273 | 11 | |
Total growth-and-income funds (cost: $115,000) | 147 | ||
Equity-income funds 8.22% | |||
Capital Income Builder, Class R-6 | 295 | 22 | |
The Income Fund of America, Class R-6 | 836 | 21 | |
Total equity-income funds (cost: $38,000) | 43 | ||
Balanced funds 13.38% | |||
American Balanced Fund, Class R-6 | 1,185 | 43 | |
American Funds Global Balanced Fund, Class R-6 | 668 | 27 | |
Total balanced funds (cost: $59,000) | 70 | ||
Fixed income funds 32.12% | |||
The Bond Fund of America, Class R-6 | 2,574 | 30 | |
American Funds Inflation Linked Bond Fund, Class R-6 | 3,058 | 29 | |
American Funds Mortgage Fund, Class R-6 | 2,785 | 25 | |
U.S. Government Securities Fund, Class R-6 | 2,042 | 25 | |
Intermediate Bond Fund of America, Class R-6 | 1,846 | 24 | |
American Funds Multi-Sector Income Fund, Class R-6 | 1,606 | 15 | |
American Funds Strategic Bond Fund, Class R-6 | 1,061 | 10 | |
Capital World Bond Fund, Class R-6 | 602 | 10 | |
Total fixed income funds (cost: $172,000) | 168 | ||
Total investment securities 100.00% (cost: $457,000) | 523 | ||
Other assets less liabilities 0.00% | — 1 | ||
Net assets 100.00% | $523 | ||
American Funds Insurance Series — Target Date Series — Page 18 of 29
unaudited
Investments in affiliates2
Value at 1/1/2024 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized appreciation (depreciation) (000) | Value at 9/30/2024 (000) | Dividend income (000) | Capital gain distributions received (000) | |
Growth funds 18.17% | ||||||||
AMCAP Fund, Class R-6 | $30 | $1 | $4 | $— 1 | $5 | $32 | $— | $1 |
The Growth Fund of America, Class R-6 | 22 | — 1 | 4 | — 1 | 4 | 22 | — | — |
American Funds Global Insight Fund, Class R-6 | 16 | 1 | 2 | — 1 | 2 | 17 | — | — |
New Perspective Fund, Class R-6 | 11 | — 1 | 1 | — 1 | 2 | 12 | — | — |
SMALLCAP World Fund, Inc., Class R-6 | 12 | 1 | 2 | — 1 | 1 | 12 | — | — |
95 | ||||||||
Growth-and-income funds 28.11% | ||||||||
American Mutual Fund, Class R-6 | 35 | 2 | 4 | — 1 | 5 | 38 | 1 | — |
Capital World Growth and Income Fund, Class R-6 | 35 | 2 | 5 | — 1 | 5 | 37 | — 1 | — |
Washington Mutual Investors Fund, Class R-6 | 25 | 2 | 3 | — 1 | 3 | 27 | — 1 | 1 |
Fundamental Investors, Class R-6 | 18 | 1 | 5 | — 1 | 3 | 17 | — 1 | — 1 |
The Investment Company of America, Class R-6 | 16 | 1 | 3 | — 1 | 3 | 17 | — 1 | — 1 |
International Growth and Income Fund, Class R-6 | 10 | 1 | 1 | — 1 | 1 | 11 | — 1 | — |
147 | ||||||||
Equity-income funds 8.22% | ||||||||
Capital Income Builder, Class R-6 | 20 | 1 | 1 | — 1 | 2 | 22 | — 1 | — |
The Income Fund of America, Class R-6 | 20 | 1 | 2 | — 1 | 2 | 21 | — 1 | — |
43 | ||||||||
Balanced funds 13.38% | ||||||||
American Balanced Fund, Class R-6 | 40 | 2 | 4 | — 1 | 5 | 43 | — 1 | — |
American Funds Global Balanced Fund, Class R-6 | 25 | 2 | 2 | — 1 | 2 | 27 | — 1 | — |
70 | ||||||||
Fixed income funds 32.12% | ||||||||
The Bond Fund of America, Class R-6 | 28 | 3 | 1 | — 1 | — 1 | 30 | 1 | — |
American Funds Inflation Linked Bond Fund, Class R-6 | 28 | 1 | 1 | — 1 | 1 | 29 | — | — |
American Funds Mortgage Fund, Class R-6 | 25 | 2 | 2 | — 1 | — 1 | 25 | 1 | — |
U.S. Government Securities Fund, Class R-6 | 24 | 2 | 2 | — 1 | 1 | 25 | 1 | — |
Intermediate Bond Fund of America, Class R-6 | 22 | 3 | 1 | — 1 | — 1 | 24 | 1 | — |
American Funds Multi-Sector Income Fund, Class R-6 | 15 | 1 | 1 | — 1 | — 1 | 15 | 1 | — |
American Funds Strategic Bond Fund, Class R-63 | 10 | 1 | 1 | — 1 | — 1 | 10 | — 1 | — |
Capital World Bond Fund, Class R-63 | 10 | 1 | 1 | — 1 | — 1 | 10 | — 1 | — |
168 | ||||||||
Total 100.00% | $— 1 | $47 | $523 | $6 | $2 | |||
1 | Amount less than one thousand. |
2 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
3 | A portion of the fund’s income dividends and/or capital gains distribution was deemed a return of capital for tax purposes. The net realized gain and/or dividend income amounts reflect the return of capital distribution. |
American Funds Insurance Series — Target Date Series — Page 19 of 29
American Funds® IS 2025 Target Date Fund
Investment portfolio
September 30, 2024unaudited
Growth funds 6.70% | Shares | Value (000) | |
AMCAP Fund, Class R-6 | 1,505 | $69 | |
American Funds Global Insight Fund, Class R-6 | 2,661 | 65 | |
The Growth Fund of America, Class R-6 | 83 | 7 | |
New Perspective Fund, Class R-6 | 68 | 4 | |
SMALLCAP World Fund, Inc., Class R-6 | 59 | 4 | |
Total growth funds (cost: $121,000) | 149 | ||
Growth-and-income funds 24.49% | |||
American Mutual Fund, Class R-6 | 2,292 | 136 | |
Capital World Growth and Income Fund, Class R-6 | 1,971 | 136 | |
Washington Mutual Investors Fund, Class R-6 | 1,745 | 113 | |
Fundamental Investors, Class R-6 | 795 | 68 | |
The Investment Company of America, Class R-6 | 1,117 | 68 | |
International Growth and Income Fund, Class R-6 | 615 | 24 | |
Total growth-and-income funds (cost: $438,000) | 545 | ||
Equity-income funds 12.85% | |||
The Income Fund of America, Class R-6 | 6,743 | 175 | |
Capital Income Builder, Class R-6 | 1,507 | 111 | |
Total equity-income funds (cost: $256,000) | 286 | ||
Balanced funds 12.18% | |||
American Balanced Fund, Class R-6 | 4,944 | 180 | |
American Funds Global Balanced Fund, Class R-6 | 2,294 | 91 | |
Total balanced funds (cost: $235,000) | 271 | ||
Fixed income funds 43.87% | |||
The Bond Fund of America, Class R-6 | 14,943 | 174 | |
American Funds Inflation Linked Bond Fund, Class R-6 | 17,966 | 173 | |
American Funds Mortgage Fund, Class R-6 | 14,411 | 130 | |
Intermediate Bond Fund of America, Class R-6 | 10,214 | 130 | |
U.S. Government Securities Fund, Class R-6 | 8,911 | 110 | |
American Funds Multi-Sector Income Fund, Class R-6 | 9,101 | 87 | |
American Funds Strategic Bond Fund, Class R-6 | 6,864 | 65 | |
American Funds Insurance Series — Target Date Series — Page 20 of 29
unaudited
Fixed income funds (continued) | Shares | Value (000) | |
American High-Income Trust, Class R-6 | 6,390 | $63 | |
Capital World Bond Fund, Class R-6 | 2,640 | 44 | |
Total fixed income funds (cost: $994,000) | 976 | ||
Total investment securities 100.09% (cost: $2,044,000) | 2,227 | ||
Other assets less liabilities (0.09)% | (2 ) | ||
Net assets 100.00% | $2,225 | ||
American Funds Insurance Series — Target Date Series — Page 21 of 29
unaudited
Investments in affiliates1
Value at 1/1/2024 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized appreciation (depreciation) (000) | Value at 9/30/2024 (000) | Dividend income (000) | Capital gain distributions received (000) | |
Growth funds 6.70% | ||||||||
AMCAP Fund, Class R-6 | $67 | $7 | $15 | $— 2 | $10 | $69 | $— | $1 |
American Funds Global Insight Fund, Class R-6 | 55 | 9 | 6 | — 2 | 7 | 65 | — | — |
The Growth Fund of America, Class R-6 | 15 | — | 10 | 2 | — 2 | 7 | — | — |
New Perspective Fund, Class R-6 | 7 | — | 4 | 1 | — 2 | 4 | — | — |
SMALLCAP World Fund, Inc., Class R-6 | 8 | — | 4 | — 2 | — 2 | 4 | — | — |
149 | ||||||||
Growth-and-income funds 24.49% | ||||||||
American Mutual Fund, Class R-6 | 113 | 25 | 19 | — 2 | 17 | 136 | 2 | — |
Capital World Growth and Income Fund, Class R-6 | 114 | 31 | 25 | (1 ) | 17 | 136 | 2 | — |
Washington Mutual Investors Fund, Class R-6 | 92 | 26 | 16 | — 2 | 11 | 113 | 1 | 4 |
Fundamental Investors, Class R-6 | 56 | 13 | 11 | — 2 | 10 | 68 | — 2 | — 2 |
The Investment Company of America, Class R-6 | 56 | 13 | 11 | — 2 | 10 | 68 | 1 | — 2 |
International Growth and Income Fund, Class R-6 | 22 | 4 | 4 | — 2 | 2 | 24 | — 2 | — |
545 | ||||||||
Equity-income funds 12.85% | ||||||||
The Income Fund of America, Class R-6 | 133 | 40 | 13 | (1 ) | 16 | 175 | 3 | — |
Capital Income Builder, Class R-6 | 88 | 23 | 11 | — 2 | 11 | 111 | 2 | — |
286 | ||||||||
Balanced funds 12.18% | ||||||||
American Balanced Fund, Class R-6 | 147 | 33 | 19 | (1 ) | 20 | 180 | 2 | — |
American Funds Global Balanced Fund, Class R-6 | 77 | 17 | 10 | (1 ) | 8 | 91 | 1 | — |
271 | ||||||||
Fixed income funds 43.87% | ||||||||
The Bond Fund of America, Class R-6 | 142 | 44 | 15 | (3 ) | 6 | 174 | 5 | — |
American Funds Inflation Linked Bond Fund, Class R-6 | 137 | 42 | 14 | (3 ) | 11 | 173 | — | — |
American Funds Mortgage Fund, Class R-6 | 105 | 35 | 12 | (2 ) | 4 | 130 | 4 | — |
Intermediate Bond Fund of America, Class R-6 | 105 | 34 | 11 | (1 ) | 3 | 130 | 3 | — |
U.S. Government Securities Fund, Class R-6 | 91 | 27 | 10 | (2 ) | 4 | 110 | 3 | — |
American Funds Multi-Sector Income Fund, Class R-6 | 69 | 23 | 7 | — 2 | 2 | 87 | 3 | — |
American Funds Strategic Bond Fund, Class R-6 | 51 | 17 | 5 | — 2 | 2 | 65 | 1 | — |
American High-Income Trust, Class R-63 | 44 | 20 | 3 | — 2 | 2 | 63 | 2 | — |
Capital World Bond Fund, Class R-63 | 37 | 10 | 5 | — 2 | 2 | 44 | — 2 | — |
976 | ||||||||
Total 100.09% | $(12 ) | $175 | $2,227 | $35 | $5 | |||
1 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
2 | Amount less than one thousand. |
3 | A portion of the fund’s income dividends and/or capital gains distribution was deemed a return of capital for tax purposes. The net realized gain and/or dividend income amounts reflect the return of capital distribution. |
American Funds Insurance Series — Target Date Series — Page 22 of 29
American Funds® IS 2020 Target Date Fund
Investment portfolio
September 30, 2024unaudited
Growth funds 3.16% | Shares | Value (000) | |
American Funds Global Insight Fund, Class R-6 | 5,055 | $123 | |
AMCAP Fund, Class R-6 | 1,446 | 66 | |
Total growth funds (cost: $160,000) | 189 | ||
Growth-and-income funds 22.16% | |||
American Mutual Fund, Class R-6 | 6,058 | 359 | |
Capital World Growth and Income Fund, Class R-6 | 4,391 | 303 | |
Washington Mutual Investors Fund, Class R-6 | 4,642 | 299 | |
Fundamental Investors, Class R-6 | 2,102 | 180 | |
The Investment Company of America, Class R-6 | 2,955 | 180 | |
International Growth and Income Fund, Class R-6 | 92 | 3 | |
Total growth-and-income funds (cost: $1,082,000) | 1,324 | ||
Equity-income funds 17.79% | |||
The Income Fund of America, Class R-6 | 27,195 | 706 | |
Capital Income Builder, Class R-6 | 4,835 | 357 | |
Total equity-income funds (cost: $953,000) | 1,063 | ||
Balanced funds 12.02% | |||
American Balanced Fund, Class R-6 | 13,166 | 478 | |
American Funds Global Balanced Fund, Class R-6 | 6,019 | 240 | |
Total balanced funds (cost: $634,000) | 718 | ||
Fixed income funds 44.94% | |||
American Funds Inflation Linked Bond Fund, Class R-6 | 49,432 | 477 | |
The Bond Fund of America, Class R-6 | 41,024 | 477 | |
American Funds Mortgage Fund, Class R-6 | 39,684 | 358 | |
Intermediate Bond Fund of America, Class R-6 | 28,092 | 358 | |
U.S. Government Securities Fund, Class R-6 | 24,265 | 298 | |
American Funds Multi-Sector Income Fund, Class R-6 | 24,967 | 240 | |
American High-Income Trust, Class R-6 | 18,186 | 180 | |
American Funds Strategic Bond Fund, Class R-6 | 18,869 | 178 | |
Capital World Bond Fund, Class R-6 | 7,120 | 119 | |
Total fixed income funds (cost: $2,727,000) | 2,685 | ||
Total investment securities 100.07% (cost: $5,556,000) | 5,979 | ||
Other assets less liabilities (0.07)% | (4 ) | ||
Net assets 100.00% | $5,975 | ||
American Funds Insurance Series — Target Date Series — Page 23 of 29
unaudited
Investments in affiliates1
Value at 1/1/2024 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized appreciation (depreciation) (000) | Value at 9/30/2024 (000) | Dividend income (000) | Capital gain distributions received (000) | |
Growth funds 3.16% | ||||||||
American Funds Global Insight Fund, Class R-6 | $89 | $25 | $5 | $— 2 | $14 | $123 | $— | $— |
AMCAP Fund, Class R-6 | 56 | 12 | 11 | — 2 | 9 | 66 | — | 1 |
189 | ||||||||
Growth-and-income funds 22.16% | ||||||||
American Mutual Fund, Class R-6 | 242 | 84 | 11 | — 2 | 44 | 359 | 4 | — |
Capital World Growth and Income Fund, Class R-6 | 209 | 90 | 32 | — 2 | 36 | 303 | 3 | — |
Washington Mutual Investors Fund, Class R-6 | 201 | 86 | 17 | — 2 | 29 | 299 | 3 | 10 |
Fundamental Investors, Class R-6 | 121 | 48 | 15 | — 2 | 26 | 180 | 1 | 1 |
The Investment Company of America, Class R-6 | 121 | 43 | 12 | 1 | 27 | 180 | 2 | 1 |
International Growth and Income Fund, Class R-6 | 8 | — 2 | 6 | 1 | — | 3 | — 2 | — |
1,324 | ||||||||
Equity-income funds 17.79% | ||||||||
The Income Fund of America, Class R-6 | 451 | 202 | 8 | — 2 | 61 | 706 | 13 | — |
Capital Income Builder, Class R-6 | 234 | 95 | 4 | — 2 | 32 | 357 | 6 | — |
1,063 | ||||||||
Balanced funds 12.02% | ||||||||
American Balanced Fund, Class R-6 | 322 | 110 | 3 | — 2 | 49 | 478 | 5 | — |
American Funds Global Balanced Fund, Class R-6 | 161 | 60 | — 2 | — 2 | 19 | 240 | 3 | — |
718 | ||||||||
Fixed income funds 44.94% | ||||||||
American Funds Inflation Linked Bond Fund, Class R-6 | 320 | 145 | 9 | (1 ) | 22 | 477 | — | — |
The Bond Fund of America, Class R-6 | 322 | 154 | 6 | — 2 | 7 | 477 | 13 | — |
American Funds Mortgage Fund, Class R-6 | 241 | 116 | 3 | — 2 | 4 | 358 | 10 | — |
Intermediate Bond Fund of America, Class R-6 | 241 | 116 | 5 | — 2 | 6 | 358 | 9 | — |
U.S. Government Securities Fund, Class R-6 | 201 | 95 | 2 | — 2 | 4 | 298 | 8 | — |
American Funds Multi-Sector Income Fund, Class R-6 | 161 | 74 | 1 | — 2 | 6 | 240 | 9 | — |
American High-Income Trust, Class R-6 | 121 | 54 | 1 | — 2 | 6 | 180 | 7 | — |
American Funds Strategic Bond Fund, Class R-63 | 121 | 54 | 1 | — 2 | 4 | 178 | 2 | — |
Capital World Bond Fund, Class R-63 | 80 | 37 | 2 | — 2 | 4 | 119 | — 2 | — |
2,685 | ||||||||
Total 100.07% | $1 | $409 | $5,979 | $98 | $13 | |||
1 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
2 | Amount less than one thousand. |
3 | A portion of the fund’s income dividends and/or capital gains distribution was deemed a return of capital for tax purposes. The net realized gain and/or dividend income amounts reflect the return of capital distribution. |
American Funds Insurance Series — Target Date Series — Page 24 of 29
American Funds® IS 2015 Target Date Fund
Investment portfolio
September 30, 2024unaudited
Growth funds 0.15% | Shares | Value (000) | |
American Funds Global Insight Fund, Class R-6 | 2,530 | $62 | |
AMCAP Fund, Class R-6 | 679 | 31 | |
Total growth funds (cost: $73,000) | 93 | ||
Growth-and-income funds 20.11% | |||
American Mutual Fund, Class R-6 | 62,577 | 3,712 | |
Capital World Growth and Income Fund, Class R-6 | 44,837 | 3,093 | |
Washington Mutual Investors Fund, Class R-6 | 38,889 | 2,505 | |
The Investment Company of America, Class R-6 | 30,517 | 1,856 | |
Fundamental Investors, Class R-6 | 14,838 | 1,268 | |
Total growth-and-income funds (cost: $10,088,000) | 12,434 | ||
Equity-income funds 18.96% | |||
The Income Fund of America, Class R-6 | 308,454 | 8,011 | |
Capital Income Builder, Class R-6 | 50,359 | 3,711 | |
Total equity-income funds (cost: $10,460,000) | 11,722 | ||
Balanced funds 11.06% | |||
American Balanced Fund, Class R-6 | 120,104 | 4,361 | |
American Funds Global Balanced Fund, Class R-6 | 62,013 | 2,474 | |
Total balanced funds (cost: $6,034,000) | 6,835 | ||
Fixed income funds 49.78% | |||
The Bond Fund of America, Class R-6 | 476,016 | 5,536 | |
Intermediate Bond Fund of America, Class R-6 | 429,349 | 5,474 | |
American Funds Inflation Linked Bond Fund, Class R-6 | 513,321 | 4,948 | |
American Funds Mortgage Fund, Class R-6 | 411,448 | 3,711 | |
Short-Term Bond Fund of America, Class R-6 | 305,093 | 2,938 | |
American Funds Multi-Sector Income Fund, Class R-6 | 257,989 | 2,474 | |
American Funds Strategic Bond Fund, Class R-6 | 258,538 | 2,443 | |
American High-Income Trust, Class R-6 | 187,812 | 1,858 | |
Capital World Bond Fund, Class R-6 | 73,804 | 1,237 | |
U.S. Government Securities Fund, Class R-6 | 12,577 | 155 | |
Total fixed income funds (cost: $31,018,000) | 30,774 | ||
Total investment securities 100.06% (cost: $57,673,000) | 61,858 | ||
Other assets less liabilities (0.06)% | (38 ) | ||
Net assets 100.00% | $61,820 | ||
American Funds Insurance Series — Target Date Series — Page 25 of 29
unaudited
Investments in affiliates1
Value at 1/1/2024 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized appreciation (depreciation) (000) | Value at 9/30/2024 (000) | Dividend income (000) | Capital gain distributions received (000) | |
Growth funds 0.15% | ||||||||
American Funds Global Insight Fund, Class R-6 | $159 | $18 | $127 | $7 | $5 | $62 | $— | $— |
AMCAP Fund, Class R-6 | 80 | 6 | 63 | (1 ) | 9 | 31 | — | 1 |
93 | ||||||||
Growth-and-income funds 20.11% | ||||||||
American Mutual Fund, Class R-6 | 2,383 | 1,079 | 198 | 2 | 446 | 3,712 | 41 | — |
Capital World Growth and Income Fund, Class R-6 | 1,986 | 1,112 | 340 | — 2 | 335 | 3,093 | 33 | — |
Washington Mutual Investors Fund, Class R-6 | 1,665 | 788 | 187 | 4 | 235 | 2,505 | 24 | 82 |
The Investment Company of America, Class R-6 | 1,191 | 591 | 195 | 4 | 265 | 1,856 | 15 | 6 |
Fundamental Investors, Class R-6 | 874 | 356 | 140 | 5 | 173 | 1,268 | 9 | 6 |
12,434 | ||||||||
Equity-income funds 18.96% | ||||||||
The Income Fund of America, Class R-6 | 5,074 | 2,518 | 260 | (1 ) | 680 | 8,011 | 144 | — |
Capital Income Builder, Class R-6 | 2,380 | 1,103 | 101 | (1 ) | 330 | 3,711 | 63 | — |
11,722 | ||||||||
Balanced funds 11.06% | ||||||||
American Balanced Fund, Class R-6 | 2,852 | 1,249 | 169 | 3 | 426 | 4,361 | 41 | — |
American Funds Global Balanced Fund, Class R-6 | 1,585 | 760 | 61 | (1 ) | 191 | 2,474 | 33 | — |
6,835 | ||||||||
Fixed income funds 49.78% | ||||||||
The Bond Fund of America, Class R-6 | 3,494 | 2,133 | 181 | (3 ) | 93 | 5,536 | 143 | — |
Intermediate Bond Fund of America, Class R-6 | 3,341 | 2,168 | 130 | 2 | 93 | 5,474 | 133 | — |
American Funds Inflation Linked Bond Fund, Class R-6 | 3,169 | 1,688 | 128 | (12 ) | 231 | 4,948 | — | — |
American Funds Mortgage Fund, Class R-6 | 2,383 | 1,370 | 91 | — 2 | 49 | 3,711 | 102 | — |
Short-Term Bond Fund of America, Class R-6 | 1,595 | 1,345 | 40 | (1 ) | 39 | 2,938 | 69 | — |
American Funds Multi-Sector Income Fund, Class R-6 | 1,595 | 830 | 15 | — 2 | 64 | 2,474 | 90 | — |
American Funds Strategic Bond Fund, Class R-63 | 1,508 | 941 | 72 | (4 ) | 70 | 2,443 | 32 | — |
American High-Income Trust, Class R-6 | 1,198 | 602 | 5 | — 2 | 63 | 1,858 | 71 | — |
Capital World Bond Fund, Class R-63 | 792 | 428 | 22 | — 2 | 39 | 1,237 | 5 | — |
U.S. Government Securities Fund, Class R-6 | 397 | 60 | 300 | (50 ) | 48 | 155 | 9 | — |
30,774 | ||||||||
Total 100.06% | $(47 ) | $3,884 | $61,858 | $1,057 | $95 | |||
1 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
2 | Amount less than one thousand. |
3 | A portion of the fund’s income dividends and/or capital gains distribution was deemed a return of capital for tax purposes. The net realized gain and/or dividend income amounts reflect the return of capital distribution. |
American Funds Insurance Series — Target Date Series — Page 26 of 29
American Funds® IS 2010 Target Date Fund
Investment portfolio
September 30, 2024unaudited
Growth-and-income funds 16.36% | Shares | Value (000) | |
American Mutual Fund, Class R-6 | 512,338 | $30,387 | |
Washington Mutual Investors Fund, Class R-6 | 373,084 | 24,034 | |
Capital World Growth and Income Fund, Class R-6 | 267,166 | 18,429 | |
The Investment Company of America, Class R-6 | 296,701 | 18,042 | |
Fundamental Investors, Class R-6 | 73,835 | 6,310 | |
Total growth-and-income funds (cost: $74,801,000) | 97,202 | ||
Equity-income funds 24.85% | |||
The Income Fund of America, Class R-6 | 4,078,427 | 105,917 | |
Capital Income Builder, Class R-6 | 566,000 | 41,714 | |
Total equity-income funds (cost: $131,378,000) | 147,631 | ||
Balanced funds 9.22% | |||
American Balanced Fund, Class R-6 | 1,156,119 | 41,979 | |
American Funds Global Balanced Fund, Class R-6 | 320,791 | 12,799 | |
Total balanced funds (cost: $47,053,000) | 54,778 | ||
Fixed income funds 49.63% | |||
Intermediate Bond Fund of America, Class R-6 | 5,037,436 | 64,227 | |
The Bond Fund of America, Class R-6 | 5,028,473 | 58,481 | |
Short-Term Bond Fund of America, Class R-6 | 4,772,576 | 45,960 | |
American Funds Inflation Linked Bond Fund, Class R-6 | 4,338,480 | 41,823 | |
American Funds Mortgage Fund, Class R-6 | 4,525,849 | 40,823 | |
American Funds Strategic Bond Fund, Class R-6 | 2,500,534 | 23,630 | |
American Funds Multi-Sector Income Fund, Class R-6 | 1,897,564 | 18,198 | |
American High-Income Trust, Class R-6 | 99,455 | 984 | |
Capital World Bond Fund, Class R-6 | 40,446 | 678 | |
Total fixed income funds (cost: $306,583,000) | 294,804 | ||
Total investment securities 100.06% (cost: $559,815,000) | 594,415 | ||
Other assets less liabilities (0.06)% | (384 ) | ||
Net assets 100.00% | $594,031 | ||
American Funds Insurance Series — Target Date Series — Page 27 of 29
unaudited
Investments in affiliates1
Value at 1/1/2024 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized appreciation (depreciation) (000) | Value at 9/30/2024 (000) | Dividend income (000) | Capital gain distributions received (000) | |
Growth-and-income funds 16.36% | ||||||||
American Mutual Fund, Class R-6 | $28,435 | $899 | $3,408 | $215 | $4,246 | $30,387 | $419 | $— |
Washington Mutual Investors Fund, Class R-6 | 21,873 | 1,896 | 2,498 | 97 | 2,666 | 24,034 | 279 | 1,016 |
Capital World Growth and Income Fund, Class R-6 | 18,662 | 597 | 3,379 | 49 | 2,500 | 18,429 | 254 | — |
The Investment Company of America, Class R-6 | 16,442 | 561 | 2,210 | 153 | 3,096 | 18,042 | 179 | 70 |
Fundamental Investors, Class R-6 | 6,643 | 121 | 1,601 | 127 | 1,020 | 6,310 | 54 | 39 |
97,202 | ||||||||
Equity-income funds 24.85% | ||||||||
The Income Fund of America, Class R-6 | 93,165 | 8,130 | 5,872 | (139 ) | 10,633 | 105,917 | 2,326 | — |
Capital Income Builder, Class R-6 | 37,290 | 2,286 | 2,212 | 32 | 4,318 | 41,714 | 869 | — |
147,631 | ||||||||
Balanced funds 9.22% | ||||||||
American Balanced Fund, Class R-6 | 38,353 | 896 | 2,361 | 47 | 5,044 | 41,979 | 481 | — |
American Funds Global Balanced Fund, Class R-6 | 13,151 | 207 | 1,746 | (80 ) | 1,267 | 12,799 | 207 | — |
54,778 | ||||||||
Fixed income funds 49.63% | ||||||||
Intermediate Bond Fund of America, Class R-6 | 58,304 | 5,697 | 859 | 13 | 1,072 | 64,227 | 2,003 | — |
The Bond Fund of America, Class R-6 | 53,908 | 5,350 | 1,617 | (286 ) | 1,126 | 58,481 | 1,938 | — |
Short-Term Bond Fund of America, Class R-6 | 40,735 | 4,641 | — | — | 584 | 45,960 | 1,428 | — |
American Funds Inflation Linked Bond Fund, Class R-6 | 39,499 | 1,346 | 1,148 | (191 ) | 2,317 | 41,823 | — | — |
American Funds Mortgage Fund, Class R-6 | 37,402 | 3,974 | 987 | (148 ) | 582 | 40,823 | 1,425 | — |
American Funds Strategic Bond Fund, Class R-62 | 21,961 | 1,726 | 727 | (39 ) | 709 | 23,630 | 329 | — |
American Funds Multi-Sector Income Fund, Class R-6 | 17,621 | 860 | 803 | 7 | 513 | 18,198 | 860 | — |
American High-Income Trust, Class R-6 | 3,341 | 118 | 2,535 | 91 | (31 ) | 984 | 118 | — |
Capital World Bond Fund, Class R-62 | 2,262 | 35 | 1,658 | (205 ) | 244 | 678 | (47 ) | — |
294,804 | ||||||||
Total 100.06% | $(257 ) | $41,906 | $594,415 | $13,122 | $1,125 | |||
1 | Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended. |
2 | A portion of the fund’s income dividends and/or capital gains distribution was deemed a return of capital for tax purposes. The net realized gain and/or dividend income amounts reflect the return of capital distribution. |
American Funds Insurance Series — Target Date Series — Page 28 of 29
unaudited
Valuation disclosures
Security valuation — The net asset value of each share class of each fund is calculated based on the reported net asset values of the underlying funds in which each fund invests. The net asset value of each underlying fund is calculated based on the policies and procedures of the underlying fund contained in each underlying fund’s statement of additional information. The net asset value per share of each fund and each underlying fund is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open.
Processes and structure — The series’ board of trustees has designated the series’ investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the “Committee”) to administer, implement and oversee the fair valuation process, and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser’s valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser’s global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The series’ board and audit committee also regularly review reports that describe fair value determinations and methods.
Classifications — The series’ investment adviser classifies each fund’s assets and liabilities into three levels based on the method used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Level 3 values are based on significant unobservable inputs that reflect the investment adviser’s determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment.
As of September 30, 2024, all of the investment securities held by each fund were classified as Level 1.
As of September 30, 2024, all of the investment securities held by each fund were classified as Level 1.
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the series prospectus and summary prospectuses, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the American Funds website at capitalgroup.com. Fund shares offered through Capital Client Group, Inc.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
Capital Client Group, Inc., member FINRA.
© 2024 Capital Group. All rights reserved.
INGEFP3-988-1124
American Funds Insurance Series — Target Date Series — Page 29 of 29