The investment seeks to provide as high a level of current income as is consistent with the preservation of capital.
The fund invests all of its assets in the Class 1 shares of the Bond Fund (the "Master Bond Fund"), a series of American Funds Insurance Series®, a registered open-end investment company. In pursuing its investment objective, the Master Bond Fund seeks to maximize the level of current income and preserve the capital by investing primarily in bonds. Normally, the Master Bond Fund invests at least 80% of its assets in bonds and other debt securities. The Master Bond Fund invests at least 65% of its assets in investment-grade debt securities.