# EDGAR Filing Document

**Accession Number:** 0001537151
**File Stem:** 0001193125-25-217037
**Filing Date:** 2025-9
**Character Count:** 52061
**Document Hash:** be875d956a47d716b3cc780b3bdb8003
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-217037.hdr.sgml**: 20250925

**ACCESSION NUMBER**: 0001193125-25-217037

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250925

**DATE AS OF CHANGE**: 20250925

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN FUNDS PORTFOLIO SERIES
- **CENTRAL INDEX KEY:** 0001537151

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22656
- **FILM NUMBER:** 251342353

**BUSINESS ADDRESS:**
- **STREET 1:** 333 S HOPE STREET
- **STREET 2:** 55TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 213-486-9200

**MAIL ADDRESS:**
- **STREET 1:** 333 S HOPE STREET
- **STREET 2:** 55TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMERICAN FUNDS PORTFOLIO RESOURCES
- **DATE OF NAME CHANGE:** 20111214

## Series and Classes Contracts Data

### American Funds Moderate Growth and Income Portfolio (Series ID: S000036466)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000111684 | Class A        | BLPAX           |
| C000111686 | Class C        | BLPCX           |
| C000111687 | Class F-1      | BLPFX           |
| C000111688 | Class F-2      | BLPEX           |
| C000111689 | Class 529-A    | CBAAX           |
| C000111691 | Class 529-C    | CBPCX           |
| C000111692 | Class 529-E    | CBAEX           |
| C000111693 | Class 529-F-1  | CBAFX           |
| C000111694 | Class R-1      | RBAAX           |
| C000111695 | Class R-2      | RBABX           |
| C000111696 | Class R-3      | RBACX           |
| C000111697 | Class R-4      | RBAEX           |
| C000111698 | Class R-5      | RBAFX           |
| C000111699 | Class R-6      | RBAGX           |
| C000148388 | Class R-2E     | RBBEX           |
| C000164832 | Class R-5E     | RGPFX           |
| C000180016 | Class F-3      | BLPDX           |
| C000189513 | Class 529-T    | TBPBX           |
| C000189514 | Class T        | TBBPX           |
| C000204637 | Class ABLE-A   | CBAGX           |
| C000224573 | Class ABLE-F-2 | CBBGX           |
| C000224574 | Class 529-F-3  | FPPBX           |
| C000224575 | Class 529-F-2  | FBBPX           |

## Nport-Ex

![](img78d620841.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**American Funds Portfolio Series**

**American Funds Global Growth Portfolio**

Investment portfolio

July 31, 2025

**unaudited**

---

| | | |
|:---|:---|:---|
| Fund investments<br> **Growth funds 85%**<br>| Shares | Value<br> (000)<br>|
| New Perspective Fund, Class R-6  | 19001383 | $1335417 |
| The New Economy Fund, Class R-6  | 14587333 | 1012653 |
| The Growth Fund of America, Class R-6  | 12036675 | 1012284 |
| SMALLCAP World Fund, Inc., Class R-6  | 13010516 | 977871 |
| EUPAC Fund, Class R-6  | 8765948 | 524817 |
| New World Fund, Inc., Class R-6  | 5250891 | 464126 |
| American Funds Global Insight Fund, Class R-6  | 12638813 | 335308 |
|  |  | 5662476 |
| **Growth-and-income funds 15%** |  |  |
| Capital World Growth and Income Fund, Class R-6  | 14038783 | 998017 |
| **Total investment securities 100%** (cost: $4,667,716,000) |  | 6660493 |
| **Other assets less liabilities 0%** |  | (1577)<br>|
| **Net assets 100%** |  | $6658916 |

---

Investments in affiliates <sup>(a)</sup>

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>11/1/2024 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>7/31/2025 <br>(000)<br>| Dividend <br>income <br>(000)<br>| Capital gain <br>distributions <br>received <br>(000)<br>|
| **Growth funds 85%** | **Growth funds 85%** | **Growth funds 85%** | **Growth funds 85%** | **Growth funds 85%** | **Growth funds 85%** | **Growth funds 85%** | **Growth funds 85%** | **Growth funds 85%** |
| &nbsp;&nbsp;&nbsp; New Perspective Fund, Class R-6 | $1230277 | &nbsp;&nbsp; $63990 | &nbsp;&nbsp; $71895 | &nbsp;&nbsp; $11368 | &nbsp;&nbsp; $101677 | &nbsp;&nbsp; $1335417 | &nbsp;&nbsp; $10775 | &nbsp;&nbsp; $53215 |
| &nbsp;&nbsp;&nbsp; The New Economy Fund, Class R-6 | 924171 | &nbsp;&nbsp; 82358 | &nbsp;&nbsp; 49043 | &nbsp;&nbsp; 3643 | &nbsp;&nbsp; 51524 | &nbsp;&nbsp; 1012653 | &nbsp;&nbsp; 1226 | &nbsp;&nbsp; 81131 |
| &nbsp;&nbsp;&nbsp; The Growth Fund of America, Class R-6 | 924142 | &nbsp;&nbsp; 80074 | &nbsp;&nbsp; 76381 | &nbsp;&nbsp; 22476 | &nbsp;&nbsp; 61973 | &nbsp;&nbsp; 1012284 | &nbsp;&nbsp; 6210 | &nbsp;&nbsp; 72896 |
| &nbsp;&nbsp;&nbsp; SMALLCAP World Fund, Inc., Class R-6 | 914065 | &nbsp;&nbsp; 19536 | &nbsp;&nbsp; 4613 | &nbsp;&nbsp; (1048)<br>| &nbsp;&nbsp; 49931 | &nbsp;&nbsp; 977871 | &nbsp;&nbsp; 8830 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; EUPAC Fund, Class R-6<sup>(b)</sup> <br>| 478132 | &nbsp;&nbsp; 37513 | &nbsp;&nbsp; 9122 | &nbsp;&nbsp; (141)<br>| &nbsp;&nbsp; 18435 | &nbsp;&nbsp; 524817 | &nbsp;&nbsp; 5021 | &nbsp;&nbsp; 29127 |
| &nbsp;&nbsp;&nbsp; New World Fund, Inc., Class R-6 | 422369 | &nbsp;&nbsp; 16252 | &nbsp;&nbsp; 8081 | &nbsp;&nbsp; 453 | &nbsp;&nbsp; 33133 | &nbsp;&nbsp; 464126 | &nbsp;&nbsp; 5118 | &nbsp;&nbsp; 11134 |
| &nbsp;&nbsp;&nbsp; American Funds Global Insight Fund, Class R-6 | 304776 | &nbsp;&nbsp; 3812 | &nbsp;&nbsp; 7962 | &nbsp;&nbsp; 338 | &nbsp;&nbsp; 34344 | &nbsp;&nbsp; 335308 | &nbsp;&nbsp; 3811 | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 5662476 |  |  |
| **Growth-and-income funds 15%** | **Growth-and-income funds 15%** | **Growth-and-income funds 15%** | **Growth-and-income funds 15%** | **Growth-and-income funds 15%** | **Growth-and-income funds 15%** | **Growth-and-income funds 15%** | **Growth-and-income funds 15%** | **Growth-and-income funds 15%** |
| &nbsp;&nbsp;&nbsp; Capital World Growth and Income Fund, Class R-6 | 924171 | &nbsp;&nbsp; 68366 | &nbsp;&nbsp; 45741 | &nbsp;&nbsp; 1797 | &nbsp;&nbsp; 49424 | &nbsp;&nbsp; 998017 | &nbsp;&nbsp; 14921 | &nbsp;&nbsp; 53443 |
| **Total 100%** |  |  |  | &nbsp;&nbsp; $38886 | &nbsp;&nbsp; $400441 | &nbsp;&nbsp; $6660493 | &nbsp;&nbsp; $55912 | &nbsp;&nbsp; $300946 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Part of the same "group of investment companies" as the fund as defined under the Investment Company Act of 1940, as amended. <br> <sup>(b)</sup> This fund changed its name during the reporting period.

American Funds Portfolio Series — Page 1 of 13

------

**American Funds Growth Portfolio**

Investment portfolio

July 31, 2025

**unaudited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Fund investments<br> **Growth funds 80%**<br>| Shares | Value<br> (000)<br>|
| The Growth Fund of America, Class R-6  | 69792273 | $5869530 |
| AMCAP Fund, Class R-6  | 75234663 | 3504431 |
| New Perspective Fund, Class R-6  | 48836621 | 3432238 |
| SMALLCAP World Fund, Inc., Class R-6  | 45489064 | 3418958 |
| The New Economy Fund, Class R-6  | 33512336 | 2326426 |
|  |  | 18551583 |
| **Growth-and-income funds 20%** |  |  |
| The Investment Company of America, Class R-6  | 36179406 | 2323441 |
| Fundamental Investors, Class R-6  | 25885810 | 2315486 |
|  |  | 4638927 |
| **Total investment securities 100%** (cost: $16,859,199,000) |  | 23190510 |
| **Other assets less liabilities 0%** |  | (5680)<br>|
| **Net assets 100%** |  | $23184830 |

---

Investments in affiliates <sup>(a)</sup>

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>11/1/2024 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>7/31/2025 <br>(000)<br>| Dividend <br>income <br>(000)<br>| Capital gain <br>distributions <br>received <br>(000)<br>|
| **Growth funds 80%** | **Growth funds 80%** | **Growth funds 80%** | **Growth funds 80%** | **Growth funds 80%** | **Growth funds 80%** | **Growth funds 80%** | **Growth funds 80%** | **Growth funds 80%** |
| &nbsp;&nbsp;&nbsp; The Growth Fund of America, Class R-6 | $5001037 | &nbsp;&nbsp; $475858 | &nbsp;&nbsp; $84230 | &nbsp;&nbsp; $6470 | &nbsp;&nbsp; $470395 | &nbsp;&nbsp; $5869530 | &nbsp;&nbsp; $35039 | &nbsp;&nbsp; $411307 |
| &nbsp;&nbsp;&nbsp; AMCAP Fund, Class R-6 | 2957865 | &nbsp;&nbsp; 412276 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 134290 | &nbsp;&nbsp; 3504431 | &nbsp;&nbsp; 18680 | &nbsp;&nbsp; 300559 |
| &nbsp;&nbsp;&nbsp; New Perspective Fund, Class R-6 | 2931535 | &nbsp;&nbsp; 240135 | &nbsp;&nbsp; 24017 | &nbsp;&nbsp; (2017)<br>| &nbsp;&nbsp; 286602 | &nbsp;&nbsp; 3432238 | &nbsp;&nbsp; 26452 | &nbsp;&nbsp; 130645 |
| &nbsp;&nbsp;&nbsp; SMALLCAP World Fund, Inc., Class R-6 | 2920153 | &nbsp;&nbsp; 332762 | &nbsp;&nbsp; 4455 | &nbsp;&nbsp; (566)<br>| &nbsp;&nbsp; 171064 | &nbsp;&nbsp; 3418958 | &nbsp;&nbsp; 29108 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; The New Economy Fund, Class R-6 | 1994394 | &nbsp;&nbsp; 201643 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 130389 | &nbsp;&nbsp; 2326426 | &nbsp;&nbsp; 2688 | &nbsp;&nbsp; 177848 |
|  |  |  |  |  |  | &nbsp;&nbsp; 18551583 |  |  |
| **Growth-and-income funds 20%** | **Growth-and-income funds 20%** | **Growth-and-income funds 20%** | **Growth-and-income funds 20%** | **Growth-and-income funds 20%** | **Growth-and-income funds 20%** | **Growth-and-income funds 20%** | **Growth-and-income funds 20%** | **Growth-and-income funds 20%** |
| &nbsp;&nbsp;&nbsp; The Investment Company of America, Class R-6 | 1997511 | &nbsp;&nbsp; 190474 | &nbsp;&nbsp; 5859 | &nbsp;&nbsp; (199)<br>| &nbsp;&nbsp; 141514 | &nbsp;&nbsp; 2323441 | &nbsp;&nbsp; 20784 | &nbsp;&nbsp; 169691 |
| &nbsp;&nbsp;&nbsp; Fundamental Investors, Class R-6 | 1986570 | &nbsp;&nbsp; 208763 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 120153 | &nbsp;&nbsp; 2315486 | &nbsp;&nbsp; 22792 | &nbsp;&nbsp; 182305 |
|  |  |  |  |  |  | &nbsp;&nbsp; 4638927 |  |  |
| **Total 100%** |  |  |  | &nbsp;&nbsp; $3688 | &nbsp;&nbsp; $1454407 | &nbsp;&nbsp; $23190510 | &nbsp;&nbsp; $155543 | &nbsp;&nbsp; $1372355 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Part of the same "group of investment companies" as the fund as defined under the Investment Company Act of 1940, as amended.

American Funds Portfolio Series — Page 2 of 13

------

**American Funds Growth and Income Portfolio**

Investment portfolio

July 31, 2025

**unaudited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Fund investments<br> **Growth funds 20%**<br>| Shares | Value<br> (000)<br>|
| SMALLCAP World Fund, Inc., Class R-6  | 21542566 | $1619139 |
| The Growth Fund of America, Class R-6  | 18026983 | 1516070 |
| American Funds Global Insight Fund, Class R-6  | 38449689 | 1020070 |
|  |  | 4155279 |
| **Growth-and-income funds 46%** |  |  |
| The Investment Company of America, Class R-6  | 65625641 | 4214478 |
| Capital World Growth and Income Fund, Class R-6  | 43598382 | 3099409 |
| Washington Mutual Investors Fund, Class R-6  | 32007062 | 2066376 |
|  |  | 9380263 |
| **Equity-income funds 10%** |  |  |
| Capital Income Builder, Class R-6  | 26228671 | 2001772 |
| **Balanced funds 10%** |  |  |
| American Balanced Fund, Class R-6  | 55261702 | 2047446 |
| **Fixed income funds 14%** |  |  |
| American Funds Multi-Sector Income Fund, Class R-6  | 104533944 | 985755 |
| The Bond Fund of America, Class R-6  | 87222275 | 983867 |
| American Funds Strategic Bond Fund, Class R-6  | 105746299 | 978154 |
|  |  | 2947776 |
| **Total investment securities 100%** (cost: $15,641,662,000) |  | 20532536 |
| **Other assets less liabilities 0%** |  | (4974)<br>|
| **Net assets 100%** |  | $20527562 |

---

American Funds Portfolio Series — Page 3 of 13

------

**unaudited**

Investments in affiliates <sup>(a)</sup>

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>11/1/2024 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>7/31/2025 <br>(000)<br>| Dividend <br>income <br>(000)<br>| Capital gain <br>distributions <br>received <br>(000)<br>|
| **Growth funds 20%** | **Growth funds 20%** | **Growth funds 20%** | **Growth funds 20%** | **Growth funds 20%** | **Growth funds 20%** | **Growth funds 20%** | **Growth funds 20%** | **Growth funds 20%** |
| &nbsp;&nbsp;&nbsp; SMALLCAP World Fund, Inc., Class R-6 | $1446613 | &nbsp;&nbsp; $89489 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $83037 | &nbsp;&nbsp; $1619139 | &nbsp;&nbsp; $14072 | &nbsp;&nbsp; $— |
| &nbsp;&nbsp;&nbsp; The Growth Fund of America, Class R-6 | 1311023 | &nbsp;&nbsp; 116511 | &nbsp;&nbsp; 33229 | &nbsp;&nbsp; 4924 | &nbsp;&nbsp; 116841 | &nbsp;&nbsp; 1516070 | &nbsp;&nbsp; 9146 | &nbsp;&nbsp; 107364 |
| &nbsp;&nbsp;&nbsp; American Funds Global Insight Fund, Class R-6 | 898681 | &nbsp;&nbsp; 16568 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 104821 | &nbsp;&nbsp; 1020070 | &nbsp;&nbsp; 11239 | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 4155279 |  |  |
| **Growth-and-income funds 46%** | **Growth-and-income funds 46%** | **Growth-and-income funds 46%** | **Growth-and-income funds 46%** | **Growth-and-income funds 46%** | **Growth-and-income funds 46%** | **Growth-and-income funds 46%** | **Growth-and-income funds 46%** | **Growth-and-income funds 46%** |
| &nbsp;&nbsp;&nbsp; The Investment Company of America, Class R-6 | 3712325 | &nbsp;&nbsp; 356687 | &nbsp;&nbsp; 112850 | &nbsp;&nbsp; 10068 | &nbsp;&nbsp; 248248 | &nbsp;&nbsp; 4214478 | &nbsp;&nbsp; 38161 | &nbsp;&nbsp; 313914 |
| &nbsp;&nbsp;&nbsp; Capital World Growth and Income Fund, Class R-6 | 2734187 | &nbsp;&nbsp; 217323 | &nbsp;&nbsp; 17267 | &nbsp;&nbsp; (400)<br>| &nbsp;&nbsp; 165566 | &nbsp;&nbsp; 3099409 | &nbsp;&nbsp; 45445 | &nbsp;&nbsp; 158855 |
| &nbsp;&nbsp;&nbsp; Washington Mutual Investors Fund, Class R-6 | 1861320 | &nbsp;&nbsp; 181669 | &nbsp;&nbsp; 11145 | &nbsp;&nbsp; 1149 | &nbsp;&nbsp; 33383 | &nbsp;&nbsp; 2066376 | &nbsp;&nbsp; 24079 | &nbsp;&nbsp; 157590 |
|  |  |  |  |  |  | &nbsp;&nbsp; 9380263 |  |  |
| **Equity-income funds 10%** | **Equity-income funds 10%** | **Equity-income funds 10%** | **Equity-income funds 10%** | **Equity-income funds 10%** | **Equity-income funds 10%** | **Equity-income funds 10%** | **Equity-income funds 10%** | **Equity-income funds 10%** |
| &nbsp;&nbsp;&nbsp; Capital Income Builder, Class R-6 | 1834965 | &nbsp;&nbsp; 117605 | &nbsp;&nbsp; 56804 | &nbsp;&nbsp; (171)<br>| &nbsp;&nbsp; 106177 | &nbsp;&nbsp; 2001772 | &nbsp;&nbsp; 53600 | &nbsp;&nbsp; 42538 |
| **Balanced funds 10%** | **Balanced funds 10%** | **Balanced funds 10%** | **Balanced funds 10%** | **Balanced funds 10%** | **Balanced funds 10%** | **Balanced funds 10%** | **Balanced funds 10%** | **Balanced funds 10%** |
| &nbsp;&nbsp;&nbsp; American Balanced Fund, Class R-6 | 1850323 | &nbsp;&nbsp; 137235 | &nbsp;&nbsp; 4779 | &nbsp;&nbsp; (88)<br>| &nbsp;&nbsp; 64755 | &nbsp;&nbsp; 2047446 | &nbsp;&nbsp; 36489 | &nbsp;&nbsp; 100746 |
| **Fixed income funds 14%** | **Fixed income funds 14%** | **Fixed income funds 14%** | **Fixed income funds 14%** | **Fixed income funds 14%** | **Fixed income funds 14%** | **Fixed income funds 14%** | **Fixed income funds 14%** | **Fixed income funds 14%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds Multi-Sector Income Fund, <br> Class R-6<br>| 913811 | &nbsp;&nbsp; 70562 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1382 | &nbsp;&nbsp; 985755 | &nbsp;&nbsp; 45604 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; The Bond Fund of America, Class R-6 | 911660 | &nbsp;&nbsp; 78104 | &nbsp;&nbsp; 6148 | &nbsp;&nbsp; (37)<br>| &nbsp;&nbsp; 288 | &nbsp;&nbsp; 983867 | &nbsp;&nbsp; 32199 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; American Funds Strategic Bond Fund, Class R-6<sup>(b)</sup> <br>| 908913 | &nbsp;&nbsp; 81306 | &nbsp;&nbsp; 35378 | &nbsp;&nbsp; (3365)<br>| &nbsp;&nbsp; 26678 | &nbsp;&nbsp; 978154 | &nbsp;&nbsp; 9484 | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 2947776 |  |  |
| **Total 100%** |  |  |  | &nbsp;&nbsp; $12080 | &nbsp;&nbsp; $951176 | &nbsp;&nbsp; $20532536 | &nbsp;&nbsp; $319518 | &nbsp;&nbsp; $881007 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Part of the same "group of investment companies" as the fund as defined under the Investment Company Act of 1940, as amended.

<sup>(b)</sup> 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 Portfolio Series — Page 4 of 13

------

**American Funds Moderate Growth and Income Portfolio**

Investment portfolio

July 31, 2025

**unaudited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Fund investments<br> **Growth funds 10%**<br>| Shares | Value<br> (000)<br>|
| New Perspective Fund, Class R-6  | 11355298 | $798050 |
| SMALLCAP World Fund, Inc., Class R-6  | 10508196 | 789796 |
|  |  | 1587846 |
| **Growth-and-income funds 25%** |  |  |
| Washington Mutual Investors Fund, Class R-6  | 36177894 | 2335645 |
| Capital World Growth and Income Fund, Class R-6  | 21933962 | 1559285 |
|  |  | 3894930 |
| **Equity-income funds 10%** |  |  |
| The Income Fund of America, Class R-6  | 57039499 | 1515540 |
| **Balanced funds 40%** |  |  |
| American Balanced Fund, Class R-6  | 105132101 | 3895144 |
| American Funds Global Balanced Fund, Class R-6  | 57882936 | 2301426 |
|  |  | 6196570 |
| **Fixed income funds 15%** |  |  |
| American Funds Multi-Sector Income Fund, Class R-6  | 78484251 | 740106 |
| The Bond Fund of America, Class R-6  | 65329492 | 736917 |
| American Funds Strategic Bond Fund, Class R-6  | 79203116 | 732629 |
|  |  | 2209652 |
| **Total investment securities 100%** (cost: $11,996,598,000) |  | 15404538 |
| **Other assets less liabilities 0%** |  | (3593)<br>|
| **Net assets 100%** |  | $15400945 |

---

American Funds Portfolio Series — Page 5 of 13

------

**unaudited**

Investments in affiliates <sup>(a)</sup>

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>11/1/2024 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>7/31/2025 <br>(000)<br>| Dividend <br>income <br>(000)<br>| Capital gain <br>distributions <br>received <br>(000)<br>|
| **Growth funds 10%** | **Growth funds 10%** | **Growth funds 10%** | **Growth funds 10%** | **Growth funds 10%** | **Growth funds 10%** | **Growth funds 10%** | **Growth funds 10%** | **Growth funds 10%** |
| &nbsp;&nbsp;&nbsp; New Perspective Fund, Class R-6 | $733963 | &nbsp;&nbsp; $38114 | &nbsp;&nbsp; $41524 | &nbsp;&nbsp; $2464 | &nbsp;&nbsp; $65033 | &nbsp;&nbsp; $798050 | &nbsp;&nbsp; $6418 | &nbsp;&nbsp; $31697 |
| &nbsp;&nbsp;&nbsp; SMALLCAP World Fund, Inc., Class R-6 | 699396 | &nbsp;&nbsp; 47992 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 42408 | &nbsp;&nbsp; 789796 | &nbsp;&nbsp; 6801 | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 1587846 |  |  |
| **Growth-and-income funds 25%** | **Growth-and-income funds 25%** | **Growth-and-income funds 25%** | **Growth-and-income funds 25%** | **Growth-and-income funds 25%** | **Growth-and-income funds 25%** | **Growth-and-income funds 25%** | **Growth-and-income funds 25%** | **Growth-and-income funds 25%** |
| &nbsp;&nbsp;&nbsp; Washington Mutual Investors Fund, Class R-6 | 2174662 | &nbsp;&nbsp; 214153 | &nbsp;&nbsp; 93606 | &nbsp;&nbsp; 17990 | &nbsp;&nbsp; 22446 | &nbsp;&nbsp; 2335645 | &nbsp;&nbsp; 27612 | &nbsp;&nbsp; 180905 |
| &nbsp;&nbsp;&nbsp; Capital World Growth and Income Fund, Class R-6 | 1449022 | &nbsp;&nbsp; 107252 | &nbsp;&nbsp; 79704 | &nbsp;&nbsp; 4828 | &nbsp;&nbsp; 77887 | &nbsp;&nbsp; 1559285 | &nbsp;&nbsp; 23523 | &nbsp;&nbsp; 83729 |
|  |  |  |  |  |  | &nbsp;&nbsp; 3894930 |  |  |
| **Equity-income funds 10%** | **Equity-income funds 10%** | **Equity-income funds 10%** | **Equity-income funds 10%** | **Equity-income funds 10%** | **Equity-income funds 10%** | **Equity-income funds 10%** | **Equity-income funds 10%** | **Equity-income funds 10%** |
| &nbsp;&nbsp;&nbsp; The Income Fund of America, Class R-6 | 1459592 | &nbsp;&nbsp; 82209 | &nbsp;&nbsp; 75639 | &nbsp;&nbsp; 223 | &nbsp;&nbsp; 49155 | &nbsp;&nbsp; 1515540 | &nbsp;&nbsp; 50583 | &nbsp;&nbsp; 31626 |
| **Balanced funds 40%** | **Balanced funds 40%** | **Balanced funds 40%** | **Balanced funds 40%** | **Balanced funds 40%** | **Balanced funds 40%** | **Balanced funds 40%** | **Balanced funds 40%** | **Balanced funds 40%** |
| &nbsp;&nbsp;&nbsp; American Balanced Fund, Class R-6 | 3611293 | &nbsp;&nbsp; 264775 | &nbsp;&nbsp; 103122 | &nbsp;&nbsp; 3423 | &nbsp;&nbsp; 118775 | &nbsp;&nbsp; 3895144 | &nbsp;&nbsp; 70209 | &nbsp;&nbsp; 194567 |
| &nbsp;&nbsp;&nbsp; American Funds Global Balanced Fund, Class R-6 | 2143231 | &nbsp;&nbsp; 117598 | &nbsp;&nbsp; 21725 | &nbsp;&nbsp; (1092)<br>| &nbsp;&nbsp; 63414 | &nbsp;&nbsp; 2301426 | &nbsp;&nbsp; 42737 | &nbsp;&nbsp; 73310 |
|  |  |  |  |  |  | &nbsp;&nbsp; 6196570 |  |  |
| **Fixed income funds 15%** | **Fixed income funds 15%** | **Fixed income funds 15%** | **Fixed income funds 15%** | **Fixed income funds 15%** | **Fixed income funds 15%** | **Fixed income funds 15%** | **Fixed income funds 15%** | **Fixed income funds 15%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds Multi-Sector Income Fund, <br> Class R-6<br>| 698956 | &nbsp;&nbsp; 40196 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 954 | &nbsp;&nbsp; 740106 | &nbsp;&nbsp; 34600 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; The Bond Fund of America, Class R-6 | 687692 | &nbsp;&nbsp; 55114 | &nbsp;&nbsp; 6081 | &nbsp;&nbsp; (35)<br>| &nbsp;&nbsp; 227 | &nbsp;&nbsp; 736917 | &nbsp;&nbsp; 24076 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; American Funds Strategic Bond Fund, Class R-6<sup>(b)</sup> <br>| 686861 | &nbsp;&nbsp; 59693 | &nbsp;&nbsp; 31705 | &nbsp;&nbsp; (3003)<br>| &nbsp;&nbsp; 20783 | &nbsp;&nbsp; 732629 | &nbsp;&nbsp; 6651 | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 2209652 |  |  |
| **Total 100%** |  |  |  | &nbsp;&nbsp; $24798 | &nbsp;&nbsp; $461082 | &nbsp;&nbsp; $15404538 | &nbsp;&nbsp; $293210 | &nbsp;&nbsp; $595834 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Part of the same "group of investment companies" as the fund as defined under the Investment Company Act of 1940, as amended.

<sup>(b)</sup> 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 Portfolio Series — Page 6 of 13

------

**American Funds Conservative Growth and Income Portfolio** 

Investment portfolio

July 31, 2025

**unaudited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Fund investments<br> **Growth-and-income funds 28%**<br>| Shares | Value<br> (000)<br>|
| Washington Mutual Investors Fund, Class R-6  | 13526110 | $873246 |
| American Mutual Fund, Class R-6  | 14480646 | 871011 |
| Capital World Growth and Income Fund, Class R-6  | 8608444 | 611974 |
|  |  | 2356231 |
| **Equity-income funds 30%** |  |  |
| Capital Income Builder, Class R-6  | 16939158 | 1292797 |
| The Income Fund of America, Class R-6  | 48423686 | 1286617 |
|  |  | 2579414 |
| **Fixed income funds 42%** |  |  |
| American Funds Multi-Sector Income Fund, Class R-6  | 134669506 | 1269933 |
| The Bond Fund of America, Class R-6  | 112538399 | 1269433 |
| American High-Income Trust, Class R-6  | 85390507 | 840243 |
| American Funds Emerging Markets Bond Fund, Class R-6  | 32278397 | 255322 |
|  |  | 3634931 |
| **Total investment securities 100%** (cost: $7,746,299,000) |  | 8570576 |
| **Other assets less liabilities 0%** |  | (1945)<br>|
| **Net assets 100%** |  | $8568631 |

---

American Funds Portfolio Series — Page 7 of 13

------

**unaudited**

Investments in affiliates <sup>(a)</sup>

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>11/1/2024 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>7/31/2025 <br>(000)<br>| Dividend <br>income <br>(000)<br>| Capital gain <br>distributions <br>received <br>(000)<br>|
| **Growth-and-income funds 28%** | **Growth-and-income funds 28%** | **Growth-and-income funds 28%** | **Growth-and-income funds 28%** | **Growth-and-income funds 28%** | **Growth-and-income funds 28%** | **Growth-and-income funds 28%** | **Growth-and-income funds 28%** | **Growth-and-income funds 28%** |
| &nbsp;&nbsp;&nbsp; Washington Mutual Investors Fund, Class R-6 | $787687 | &nbsp;&nbsp; $101460 | &nbsp;&nbsp; $31680 | &nbsp;&nbsp; $2854 | &nbsp;&nbsp; $12925 | &nbsp;&nbsp; $873246 | &nbsp;&nbsp; $10145 | &nbsp;&nbsp; $66629 |
| &nbsp;&nbsp;&nbsp; American Mutual Fund, Class R-6 | 789920 | &nbsp;&nbsp; 62797 | &nbsp;&nbsp; 7748 | &nbsp;&nbsp; 2420 | &nbsp;&nbsp; 23622 | &nbsp;&nbsp; 871011 | &nbsp;&nbsp; 12211 | &nbsp;&nbsp; 33495 |
| &nbsp;&nbsp;&nbsp; Capital World Growth and Income Fund, Class R-6 | 551164 | &nbsp;&nbsp; 49819 | &nbsp;&nbsp; 22735 | &nbsp;&nbsp; 831 | &nbsp;&nbsp; 32895 | &nbsp;&nbsp; 611974 | &nbsp;&nbsp; 9061 | &nbsp;&nbsp; 31628 |
|  |  |  |  |  |  | &nbsp;&nbsp; 2356231 |  |  |
| **Equity-income funds 30%** | **Equity-income funds 30%** | **Equity-income funds 30%** | **Equity-income funds 30%** | **Equity-income funds 30%** | **Equity-income funds 30%** | **Equity-income funds 30%** | **Equity-income funds 30%** | **Equity-income funds 30%** |
| &nbsp;&nbsp;&nbsp; Capital Income Builder, Class R-6 | 1181270 | &nbsp;&nbsp; 67046 | &nbsp;&nbsp; 24812 | &nbsp;&nbsp; 1295 | &nbsp;&nbsp; 67998 | &nbsp;&nbsp; 1292797 | &nbsp;&nbsp; 34284 | &nbsp;&nbsp; 27081 |
| &nbsp;&nbsp;&nbsp; The Income Fund of America, Class R-6 | 1183411 | &nbsp;&nbsp; 67285 | &nbsp;&nbsp; 6695 | &nbsp;&nbsp; 233 | &nbsp;&nbsp; 42383 | &nbsp;&nbsp; 1286617 | &nbsp;&nbsp; 41611 | &nbsp;&nbsp; 25673 |
|  |  |  |  |  |  | &nbsp;&nbsp; 2579414 |  |  |
| **Fixed income funds 42%** | **Fixed income funds 42%** | **Fixed income funds 42%** | **Fixed income funds 42%** | **Fixed income funds 42%** | **Fixed income funds 42%** | **Fixed income funds 42%** | **Fixed income funds 42%** | **Fixed income funds 42%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds Multi-Sector Income Fund, <br> Class R-6<br>| 1175847 | &nbsp;&nbsp; 96050 | &nbsp;&nbsp; 3769 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 1800 | &nbsp;&nbsp; 1269933 | &nbsp;&nbsp; 58668 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; The Bond Fund of America, Class R-6 | 1166099 | &nbsp;&nbsp; 113380 | &nbsp;&nbsp; 10490 | &nbsp;&nbsp; (145)<br>| &nbsp;&nbsp; 589 | &nbsp;&nbsp; 1269433 | &nbsp;&nbsp; 41411 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; American High-Income Trust, Class R-6 | 791695 | &nbsp;&nbsp; 58520 | &nbsp;&nbsp; 13454 | &nbsp;&nbsp; (453)<br>| &nbsp;&nbsp; 3935 | &nbsp;&nbsp; 840243 | &nbsp;&nbsp; 40654 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds Emerging Markets Bond Fund, <br> Class R-6<sup>(b)</sup> <br>| 232105 | &nbsp;&nbsp; 18744 | &nbsp;&nbsp; 648 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5121 | &nbsp;&nbsp; 255322 | &nbsp;&nbsp; 12226 | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 3634931 |  |  |
| **Total 100%** |  |  |  | &nbsp;&nbsp; $7040 | &nbsp;&nbsp; $191268 | &nbsp;&nbsp; $8570576 | &nbsp;&nbsp; $260271 | &nbsp;&nbsp; $184506 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Part of the same "group of investment companies" as the fund as defined under the Investment Company Act of 1940, as amended.

<sup>(b)</sup> 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 Portfolio Series — Page 8 of 13

------

**American Funds Tax-Aware Conservative Growth and Income Portfolio**

Investment portfolio

July 31, 2025

**unaudited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Fund investments<br> **Growth-and-income funds 53%**<br>| Shares | Value<br> (000)<br>|
| Capital Group Dividend Value ETF  | 23745964 | $963849 |
| Capital World Growth and Income Fund, Class R-6  | 12419427 | 882897 |
| Capital Group Dividend Growers ETF  | 17406122 | 578754 |
| American Mutual Fund, Class R-6  | 9510211 | 572039 |
|  |  | 2997539 |
| **Tax-exempt fixed income funds 47%** |  |  |
| American High-Income Municipal Bond Fund, Class R-6  | 91925517 | 1357740 |
| Capital Group Municipal Income ETF  | 40002490 | 1065266 |
| Capital Group Short Duration Municipal Income ETF  | 7692025 | 200916 |
|  |  | 2623922 |
| **Short-term securities 0%** |  |  |
| Capital Group Central Cash Fund 4.33% <sup>(a)</sup> <br>| 152758 | 15274 |
| **Total short-term securities** (cost: $15,275,000) |  | 15274 |
| **Total investment securities 100%** (cost: $4,870,941,000) |  | 5636735 |
| **Other assets less liabilities 0%** |  | 1525 |
| **Net assets 100%** |  | $5638260 |

---

American Funds Portfolio Series — Page 9 of 13

------

**unaudited**

Investments in affiliates <sup>(b)</sup>

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>11/1/2024 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>7/31/2025 <br>(000)<br>| Dividend <br>income <br>(000)<br>| Capital gain <br>distributions <br>received <br>(000)<br>|
| **Growth-and-income funds 53%** | **Growth-and-income funds 53%** | **Growth-and-income funds 53%** | **Growth-and-income funds 53%** | **Growth-and-income funds 53%** | **Growth-and-income funds 53%** | **Growth-and-income funds 53%** | **Growth-and-income funds 53%** | **Growth-and-income funds 53%** |
| &nbsp;&nbsp;&nbsp; Capital Group Dividend Value ETF | $839047 | &nbsp;&nbsp; $25130 | &nbsp;&nbsp; $10944 | &nbsp;&nbsp; $1736 | &nbsp;&nbsp; $108880 | &nbsp;&nbsp; $963849 | &nbsp;&nbsp; $9939 | &nbsp;&nbsp; $— |
| &nbsp;&nbsp;&nbsp; Capital World Growth and Income Fund, Class R-6 | 779494 | &nbsp;&nbsp; 76513 | &nbsp;&nbsp; 20540 | &nbsp;&nbsp; 712 | &nbsp;&nbsp; 46718 | &nbsp;&nbsp; 882897 | &nbsp;&nbsp; 12934 | &nbsp;&nbsp; 45240 |
| &nbsp;&nbsp;&nbsp; Capital Group Dividend Growers ETF | 520358 | &nbsp;&nbsp; 17246 | &nbsp;&nbsp; 12762 | &nbsp;&nbsp; 294 | &nbsp;&nbsp; 53618 | &nbsp;&nbsp; 578754 | &nbsp;&nbsp; 9207 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; American Mutual Fund, Class R-6 | 526157 | &nbsp;&nbsp; 32444 | &nbsp;&nbsp; 2721 | &nbsp;&nbsp; 159 | &nbsp;&nbsp; 16000 | &nbsp;&nbsp; 572039 | &nbsp;&nbsp; 8128 | &nbsp;&nbsp; 22449 |
|  |  |  |  |  |  | &nbsp;&nbsp; 2997539 |  |  |
| **Tax-exempt fixed income funds 47%** | **Tax-exempt fixed income funds 47%** | **Tax-exempt fixed income funds 47%** | **Tax-exempt fixed income funds 47%** | **Tax-exempt fixed income funds 47%** | **Tax-exempt fixed income funds 47%** | **Tax-exempt fixed income funds 47%** | **Tax-exempt fixed income funds 47%** | **Tax-exempt fixed income funds 47%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American High-Income Municipal Bond Fund, <br> Class R-6<br>| 1304241 | &nbsp;&nbsp; 120106 | &nbsp;&nbsp; 14662 | &nbsp;&nbsp; (194)<br>| &nbsp;&nbsp; (51751)<br>| &nbsp;&nbsp; 1357740 | &nbsp;&nbsp; 43350 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Capital Group Municipal Income ETF | 1034544 | &nbsp;&nbsp; 67826 | &nbsp;&nbsp; 21207 | &nbsp;&nbsp; (618)<br>| &nbsp;&nbsp; (15279)<br>| &nbsp;&nbsp; 1065266 | &nbsp;&nbsp; 27105 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Group Short Duration Municipal Income <br> ETF<br>| 189831 | &nbsp;&nbsp; 11812 | &nbsp;&nbsp; 1236 | &nbsp;&nbsp; (13)<br>| &nbsp;&nbsp; 522 | &nbsp;&nbsp; 200916 | &nbsp;&nbsp; 4698 | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 2623922 |  |  |
| **Short-term securities 0%** | **Short-term securities 0%** | **Short-term securities 0%** | **Short-term securities 0%** | **Short-term securities 0%** | **Short-term securities 0%** | **Short-term securities 0%** | **Short-term securities 0%** | **Short-term securities 0%** |
| **Money market investments** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital Group Central Cash Fund 4.33%<sup>(a)</sup> <br>| 13625 | &nbsp;&nbsp; 128120 | &nbsp;&nbsp; 126467 | &nbsp;&nbsp; (3)<br>| &nbsp;&nbsp; (1)<br>| &nbsp;&nbsp; 15274 | &nbsp;&nbsp; 464 | &nbsp;&nbsp; — |
| **Total 100%** |  |  |  | &nbsp;&nbsp; $2073 | &nbsp;&nbsp; $158707 | &nbsp;&nbsp; $5636735 | &nbsp;&nbsp; $115825 | &nbsp;&nbsp; $67689 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Rate represents the seven-day yield at 7/31/2025. <br> <sup>(b)</sup> Part of the same "group of investment companies" as the fund as defined under the Investment Company Act of 1940, as amended.

American Funds Portfolio Series — Page 10 of 13

------

**American Funds Preservation Portfolio**

Investment portfolio

July 31, 2025

**unaudited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Fund investments<br> **Fixed income funds 100%**<br>| Shares | Value<br> (000)<br>|
| Short-Term Bond Fund of America, Class R-6  | 106587669 | $1020044 |
| Intermediate Bond Fund of America, Class R-6  | 66341927 | 834581 |
|  |  | 1854625 |
| **Total investment securities 100%** (cost: $1,942,063,000) |  | 1854625 |
| **Other assets less liabilities 0%** |  | (418)<br>|
| **Net assets 100%** |  | $1854207 |

---

Investments in affiliates <sup>(a)</sup>

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>11/1/2024 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>7/31/2025 <br>(000)<br>| Dividend <br>income <br>(000)<br>| Capital gain <br>distributions <br>received <br>(000)<br>|
| **Fixed income funds 100%** | **Fixed income funds 100%** | **Fixed income funds 100%** | **Fixed income funds 100%** | **Fixed income funds 100%** | **Fixed income funds 100%** | **Fixed income funds 100%** | **Fixed income funds 100%** | **Fixed income funds 100%** |
| &nbsp;&nbsp;&nbsp; Short-Term Bond Fund of America, Class R-6 | $1032646 | &nbsp;&nbsp; $68132 | &nbsp;&nbsp; $83769 | &nbsp;&nbsp; $(1799)<br>| &nbsp;&nbsp; $4834 | &nbsp;&nbsp; $1020044 | &nbsp;&nbsp; $33242 | &nbsp;&nbsp; $— |
| &nbsp;&nbsp;&nbsp; Intermediate Bond Fund of America, Class R-6 | 844892 | &nbsp;&nbsp; 62204 | &nbsp;&nbsp; 79059 | &nbsp;&nbsp; (1765)<br>| &nbsp;&nbsp; 8309 | &nbsp;&nbsp; 834581 | &nbsp;&nbsp; 27313 | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 1854625 |  |  |
| **Total 100%** |  |  |  | &nbsp;&nbsp; $(3564)<br>| &nbsp;&nbsp; $13143 | &nbsp;&nbsp; $1854625 | &nbsp;&nbsp; $60555 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Part of the same "group of investment companies" as the fund as defined under the Investment Company Act of 1940, as amended.

American Funds Portfolio Series — Page 11 of 13

------

**American Funds Tax-Exempt Preservation Portfolio**

Investment portfolio

July 31, 2025

**unaudited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Fund investments<br> **Tax-exempt fixed income funds 99%**<br>| Shares | Value<br> (000)<br>|
| Limited Term Tax-Exempt Bond Fund of America, Class R-6  | 10135154 | $156183 |
| Capital Group Short Duration Municipal Income ETF  | 4458280 | 116450 |
| American Funds Short-Term Tax-Exempt Bond Fund, Class R-6  | 11487276 | 115217 |
|  |  | 387850 |
| **Short-term securities 1%** |  |  |
| Capital Group Central Cash Fund 4.33% <sup>(a)</sup> <br>| 19539 | 1954 |
| **Total short-term securities** (cost: $1,954,000) |  | 1954 |
| **Total investment securities 100%** (cost: $392,363,000) |  | 389804 |
| **Other assets less liabilities 0%** |  | 327 |
| **Net assets 100%** |  | $390131 |

---

Investments in affiliates <sup>(b)</sup>

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>11/1/2024 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>7/31/2025 <br>(000)<br>| Dividend <br>income <br>(000)<br>| Capital gain <br>distributions <br>received <br>(000)<br>|
| **Tax-exempt fixed income funds 99%** | **Tax-exempt fixed income funds 99%** | **Tax-exempt fixed income funds 99%** | **Tax-exempt fixed income funds 99%** | **Tax-exempt fixed income funds 99%** | **Tax-exempt fixed income funds 99%** | **Tax-exempt fixed income funds 99%** | **Tax-exempt fixed income funds 99%** | **Tax-exempt fixed income funds 99%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Limited Term Tax-Exempt Bond Fund of America, <br> Class R-6<br>| $161377 | &nbsp;&nbsp; $19194 | &nbsp;&nbsp; $25215 | &nbsp;&nbsp; $(652)<br>| &nbsp;&nbsp; $1479 | &nbsp;&nbsp; $156183 | &nbsp;&nbsp; $3497 | &nbsp;&nbsp; $— |
| &nbsp;&nbsp;&nbsp; Capital Group Short Duration Municipal Income ETF | 120573 | &nbsp;&nbsp; 15288 | &nbsp;&nbsp; 19712 | &nbsp;&nbsp; (6)<br>| &nbsp;&nbsp; 307 | &nbsp;&nbsp; 116450 | &nbsp;&nbsp; 2817 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds Short-Term Tax-Exempt Bond Fund, <br> Class R-6<br>| 119030 | &nbsp;&nbsp; 14468 | &nbsp;&nbsp; 19084 | &nbsp;&nbsp; (155)<br>| &nbsp;&nbsp; 958 | &nbsp;&nbsp; 115217 | &nbsp;&nbsp; 2575 | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 387850 |  |  |
| **Short-term securities 1%** | **Short-term securities 1%** | **Short-term securities 1%** | **Short-term securities 1%** | **Short-term securities 1%** | **Short-term securities 1%** | **Short-term securities 1%** | **Short-term securities 1%** | **Short-term securities 1%** |
| **Money market investments** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Capital Group Central Cash Fund 4.33%<sup>(a)</sup> <br>| 1828 | &nbsp;&nbsp; 21090 | &nbsp;&nbsp; 20963 | &nbsp;&nbsp; (1)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 1954 | &nbsp;&nbsp; 65 | &nbsp;&nbsp; — |
| **Total 100%** |  |  |  | &nbsp;&nbsp; $(814)<br>| &nbsp;&nbsp; $2744 | &nbsp;&nbsp; $389804 | &nbsp;&nbsp; $8954 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Rate represents the seven-day yield at 7/31/2025. <br> <sup>(b)</sup> Part of the same "group of investment companies" as the fund as defined under the Investment Company Act of 1940, as amended.

American Funds Portfolio Series — Page 12 of 13

------

**unaudited**

Valuation disclosures

------

**Security valuation** — The net asset value per share of each 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. The Capital Group Central Cash Fund ("CCF"), a fund within the Capital Group Central Fund Series ("Central Funds"), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF's portfolio securities. The underlying securities are valued based on the policies and procedures in CCF's statement of additional information. The net asset value of each share class of each fund is calculated based on the reported net asset values or official closing prices of the underlying funds and exchange-traded funds ("ETFs") 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. ETFs are generally valued at market prices which are based on the official closing price of, or the last reported sale price on, the principal exchange on which such underlying funds are traded, as of the close of business on the day the ETF is being valued or, lacking any sales, at the last available bid price.

**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 July 31, 2025,

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.© 2025 Capital Group. All rights reserved.

MFGEFP3-900-0925

American Funds Portfolio Series — Page 13 of 13

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** AMERICAN FUNDS PORTFOLIO SERIES

- **b. Investment Company Act file number:** 811-22656

- **c. CIK number of Registrant:** 0001537151

- **d. LEI of Registrant:** 549300XVZDL1Z4SPQ273

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 6455 Irvine Center Drive

  - **City:** Irvine

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 92618

  - **Telephone number:** 9499755000

**Item A.2. Information about the Series.**

- **a. Name of Series:** American Funds Moderate Growth and Income Portfolio

- **b. EDGAR series identifier (if any):** S000036466

- **c. LEI of Series:** 5493003C4LHQLS1EY883

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $15408796645.30

**Total Liabilities:** $6186005.21

**Net Assets:** $15402610640.09

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000111684 | 3.85%                | 3.93%                | 0.31%                |
| Class ID C000111686 | 3.77%                | 3.83%                | 0.31%                |
| Class ID C000111687 | 3.85%                | 3.92%                | 0.36%                |
| Class ID C000111688 | 3.85%                | 3.92%                | 0.36%                |
| Class ID C000111689 | 3.80%                | 3.93%                | 0.36%                |
| Class ID C000111691 | 3.76%                | 3.86%                | 0.26%                |
| Class ID C000111692 | 3.75%                | 3.93%                | 0.31%                |
| Class ID C000111693 | 3.85%                | 3.96%                | 0.36%                |
| Class ID C000111694 | 3.76%                | 3.88%                | 0.26%                |
| Class ID C000111695 | 3.77%                | 3.88%                | 0.26%                |
| Class ID C000111696 | 3.81%                | 3.86%                | 0.31%                |
| Class ID C000111697 | 3.85%                | 3.92%                | 0.31%                |
| Class ID C000111698 | 3.84%                | 3.93%                | 0.36%                |
| Class ID C000111699 | 3.84%                | 3.94%                | 0.36%                |
| Class ID C000148388 | 3.74%                | 3.92%                | 0.31%                |
| Class ID C000164832 | 3.85%                | 3.91%                | 0.36%                |
| Class ID C000180016 | 3.85%                | 4.00%                | 0.36%                |
| Class ID C000189513 | 3.85%                | 3.93%                | 0.36%                |
| Class ID C000189514 | 3.85%                | 3.99%                | 0.36%                |
| Class ID C000204637 | 3.85%                | 3.93%                | 0.31%                |
| Class ID C000224573 | 3.84%                | 3.93%                | 0.36%                |
| Class ID C000224574 | 3.85%                | 3.94%                | 0.36%                |
| Class ID C000224575 | 3.85%                | 3.93%                | 0.36%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3494975.86              | $538791110.80                              |
| Month 2  | $118899618.18            | $390525418.07                              |
| Month 3  | $2680097.38              | $46801104.13                               |

### Schedule of Portfolio Investments

| Name                                          | Title                                                  | Identifiers                  | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)    | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AMERICAN FUNDS STRATEGIC BOND FUND (SBF)      | AMERICAN FUNDS STRATEGIC BOND FUND R6 (SBF CL R6)      | CUSIP: 02631E789<br>LEI: N/A | Long             | EC               | RF                | US        |  79203116 | NS      | $732628827.38  | 4.76%             |  |  |  | No            |                  1 | On Loan: No      |
| BOND FUND OF AMERICA (THE) (BFA)              | BOND FUND OF AMERICA (THE) R6 (BFA CL R6)              | CUSIP: 097873814<br>LEI: N/A | Long             | EC               | RF                | US        |  65077272 | NS      | $734071631.26  | 4.77%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN FUNDS GLOBAL BALANCED FUND (GBAL)    | AMERICAN FUNDS GLOBAL BALANCED FUND R6 (GBAL CL R6)    | CUSIP: 02629W817<br>LEI: N/A | Long             | EC               | RF                | US        |  57882936 | NS      | $2301425534.41 | 14.94%            |  |  |  | No            |                  1 | On Loan: No      |
| INCOME FUND OF AMERICA (THE) (IFA)            | INCOME FUND OF AMERICA (THE) R6 (IFA CL R6)            | CUSIP: 453320814<br>LEI: N/A | Long             | EC               | RF                | US        |  57039499 | NS      | $1515539494.51 | 9.84%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN BALANCED FUND (AMBAL)                | AMERICAN BALANCED FUND R6 (AMBAL CL R6)                | CUSIP: 024071813<br>LEI: N/A | Long             | EC               | RF                | US        | 105177159 | NS      | $3896813752.58 | 25.30%            |  |  |  | No            |                  1 | On Loan: No      |
| SMALLCAP WORLD FUND INC                       | SMALLCAP WORLD FUND INC R6                             | CUSIP: 831681812<br>LEI: N/A | Long             | EC               | RF                | US        |  10508196 | NS      | $789795993.47  | 5.13%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN FUNDS MULTI-SECTOR INCOME FUND (MSI) | AMERICAN FUNDS MULTI-SECTOR INCOME FUND CL R6 (MSI-R6) | CUSIP: 02631W771<br>LEI: N/A | Long             | EC               | RF                | US        |  78064271 | NS      | $736146074.71  | 4.78%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW PERSPECTIVE FUND (NPF)                    | NEW PERSPECTIVE FUND R6 (NPF CL R6)                    | CUSIP: 648018810<br>LEI: N/A | Long             | EC               | RF                | US        |  11355298 | NS      | $798050363.33  | 5.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL WORLD GROWTH & INCOME FUND            | CAPITAL WORLD GROWTH AND INCOME FUND R6 (WGI CL R6)    | CUSIP: 140543810<br>LEI: N/A | Long             | EC               | RF                | US        |  21933962 | NS      | $1559285348.06 | 10.12%            |  |  |  | No            |                  1 | On Loan: No      |
| WASHINGTON MUTUAL INVESTORS FUND (WMIF)       | WASHINGTON MUTUAL INVESTORS FUND R6 (WMIF CL R6)       | CUSIP: 939330817<br>LEI: N/A | Long             | EC               | RF                | US        |  36177894 | NS      | $2335644813.14 | 15.16%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-25

**Name of Applicant:** AMERICAN FUNDS PORTFOLIO SERIES

**Signature:** Scott Lewis

**Name of Signer:** Scott Lewis

**Title:** Lead Analyst