Portfolio Series - American Funds Growth and Income Portfolio
Data updated: 2026-08-27
C000154335 — Portfolio Series - American Funds Growth and Income Portfolio. Holdings, fees, performance and SEC filings.
C000154335 Fund Overview
Portfolio Series - American Funds Growth and Income Portfolio is a US mutual fund managed by American Funds Insurance Series, categorised as United States Multi-Cap / All-Cap Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: American Funds Insurance Series
- Category: United States Multi-Cap / All-Cap Growth Equity
- Assets under management: $450.24M
- 1-year return: 14.4%
- SEC CIK: 0000729528
- SEC series ID: S000048971
- Share class ID: C000154335
C000154335 Investment Objective and Strategy
Portfolio Series - American Funds Growth and Income Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by American Funds Insurance Series.
Investment objective
The funds investment objective is to provide long-term growth of capital while providing current income.
Principal investment strategy
The fund will attempt to achieve its investment objective by investing in a mix of American Funds Insurance Series (AFIS) funds in different combinations and weightings. The underlying AFIS funds will primarily consist of equity funds in the growth, growth-and-income and equity-income categories. However, the fund may also invest in fixed income funds. Through its investments in the underlying funds, the fund will have significant exposure to growth-oriented common stocks. The fund will seek to generate some of its income from exposure to dividend paying stocks. The fund will seek exposure to investments outside the United States, including in emerging markets. The investment adviser believes that exposure to investments outside the United States can help provide diversification when seeking current income and long-term growth of capital.
With respect to its fixed income investments, the underlying funds in which the fund invests may hold debt securities with a wide range of quality and maturities. The fund may invest in underlying funds with significant exposure to debt securities rated BB+ or below and Ba1 or below by Nationally Recognized Statistical Rating Organizations designated by the funds investment adviser, or unrated but determined by the funds investment adviser to be of equivalent quality. Debt securities rated BB+ or below and Ba1 or below are sometimes referred to as junk bonds. Exposure to lower rated securities may help the fund achieve its objective of providing current income. The underlying funds may hold securities issued and guaranteed by the U.S. government, securities issued by federal agencies and instrumentalities and securities backed by mortgages or other assets.
The underlying funds may also invest in the debt securities of governments, agencies, corporations and other entities domiciled outside the United States. The funds investment adviser seeks to create combinations of underlying funds that complement each other with a goal of achieving the funds investment objective of providing long-term growth of capital while providing current income. In making this determination, the funds investment adviser considers the historical volatility and returns of the underlying funds and how various combinations would have behaved in past market environments. It also considers, among other topics, current market conditions and the investment positions of the underlying funds. The funds investment adviser periodically reviews the investment strategies and asset mix of the underlying funds.
The investment adviser will also consider whether overall market conditions would favor a change in the exposure of the fund to various asset types or geographic regions. Based on these considerations, the investment adviser may make adjustments to underlying fund holdings by adjusting the percentage of individual underlying funds within the fund, or adding or removing underlying funds. The investment adviser may also determine not to change the underlying fund allocations, particularly in response to short-term market movements, if in its opinion the combination of underlying funds is appropriate to meet the funds investment objective.
C000154335 Holdings
Top 8 holdings of Portfolio Series - American Funds Growth and Income Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Afis The Bond Fund Of America (vibfa) | 29.83% |
| Afis Capital World Growth And Income Fund | 20.12% |
| American Funds Insurance Series - Growth Fund | 10.06% |
| American Funds Insurance Series - Growth-Income Fund | 10.04% |
| Afis Washington Mutual Investors Fund (viwmf) | 10.03% |
| American Funds Insurance - Capital Income Builder (vicib) | 9.98% |
| American Funds Insurance Series - Asset Allocation Fund | 5.02% |
| Amer Funds Ins Global Balanced Fund | 5.00% |
C000154335 Portfolio Allocation
Asset-class allocation of Portfolio Series - American Funds Growth and Income Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.1% |
C000154335 Performance
Total returns for C000154335 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 7.0% |
| 1 year | 14.4% |
| 3 years (annualised) | 14.2% |
| 5 years (annualised) | 7.3% |
C000154335 Risk Information
Risk metrics for C000154335, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.5%
C000154335 Costs and Fees
C000154335 costs about $82 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.82%
- Gross expense ratio: 0.82%
- Portfolio turnover: 12%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000154335 Cashflows
Over the 12 months to 2026-06, Portfolio Series - American Funds Growth and Income Portfolio had net outflows of $9.60M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $22.78M |
| 2026-05 | −$2.74M |
| 2026-04 | −$4.74M |
| 2026-03 | −$2.91M |
| 2026-02 | −$3.58M |
| 2026-01 | −$3.23M |
C000154335 Debt Constituents
No individual debt constituents are reported in Portfolio Series - American Funds Growth and Income Portfolio's latest SEC N-PORT filing.
C000154335 Prospectus and SEC Filings
Official Portfolio Series - American Funds Growth and Income Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-30
- Prospectus (485BPOS) — filed 2025-04-30
- Prospectus (485BPOS) — filed 2024-04-30
- Portfolio holdings (N-PORT) — filed 2026-08-27
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-03-16
- Annual census (N-CEN) — filed 2025-03-17
Related Funds
Other United States Multi-Cap / All-Cap Growth Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.