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American Fds TaxAwr Cnsrv Gr&Inc Port F3 TYIFX Fund Analysis

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Morningstar’s Analysis TYIFX

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Portfolio Updates Coming to the American Funds Tax-Aware Growth and Income Series; Ratings Unchanged

null Adam Millson

Adam Millson

Analyst Note

Capital Group announced upcoming portfolio changes to the American Funds Tax-Aware Growth and Income series. On or about Sept. 28, 2023, the three portfolios in the series will see the addition of up to three Capital Group active equity exchange-traded funds in place of existing mutual funds. The new ETF exposures will range from a 42% weighting in the growth and income portfolio to a 15% weighting on the lower end within the conservative growth and income portfolio. Equity ETFs are usually more tax-efficient than mutual funds, so the additions should help these portfolios meet their objective to reduce taxes more effectively. Investors should expect a capital gains distribution this year, however, as a result of selling the mutual funds to purchase the ETFs.

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