American Funds Tax-Exempt Preservation Portfolio Class F-1 

This fund, the American Funds Tax-Exempt Preservation Portfolio Class F-1, has a primary objective: to generate income that is exempt from regular federal taxes, without compromising the safety of your original investment. It achieves this by strategically allocating its capital among a variety of bond-focused funds also managed by American Funds. These underlying portfolios principally aim to produce income by investing in diverse debt instruments. Such holdings can include securities guaranteed or issued by the U.S. government, debt from federal agencies and related entities, and various mortgage-backed or other asset-backed securities.