Issue link: https://info.seic.com/i/1495701
10 investment themes for 2023 *Source: Fund Intelligence, February 20, 2020. FUSE Research survey of nearly 600 advisors identifying the "most-read thought leaders." Marketing Support: The Advisor View, June 2020. FUSE Research survey of more than 700 advisors identifying the "most-read thought leaders." Marketing Support: The Advisor View, July 2021. FUSE Research survey of 720 fi nancial advisors identifying the "most-read asset manager thought leaders." Voted #1 for thought leadership* 2019 2020 2021 Lit. No. MFGEBR-238-0323P Litho in USA CGD/XXX/9074-S93532 © 2023 Capital Group. All rights reserved. Printed on recycled paper Themes Investment implications Select investments to consider 1 Dividend decade Dividends are coming back, but not all dividend payers are equal. Seek sustainable and growing dividends. Capital Income Builder® Capital Group Dividend Value ETF Capital Group World Dividend Growers (SMA) 2 New growth Growth opportunities are broadening beyond U.S. tech stocks to include innovative companies across industries. The Growth Fund of America® Capital Group Growth ETF Capital Group U.S. Flexible Growth (SMA) 3 Global champions Nimble multinationals can respond to a changing world regardless of challenging local conditions. New Perspective Fund® Capital Group Global Growth Equity ETF Capital Group Global Growth (SMA) 4 Golden age of health care Pharmaceutical companies with deep pipelines could propel this sector as a leader of the next bull market. Washington Mutual Investors Fund Capital Group Global Growth Equity ETF Capital Group U.S. Income and Growth (SMA) 5 Industrial renaissance A CapEx super-cycle could drive opportunity for industrial companies and revive manufacturing. American Mutual Fund® Capital Group Dividend Value ETF Capital Group U.S. Conservative Growth and Income (SMA) 6 Reshoring supply chains The shift to regional supply chains will create new opportunities in automation, construction and energy. New World Fund® Capital Group International Focus Equity ETF Capital Group International Equity (SMA) 7 Core strength After a tough year, bonds should once again zig when equity markets zag. The Bond Fund of America® Capital Group Core Plus Income ETF Capital Group Core Bond (SMA) 8 Credit comeback As growth slows, credit fundamentals have become key to identifying attractive issuers and industries. American Funds® Multi-Sector Income Fund Capital Group U.S. Multi-Sector Income ETF 9 Selective high yield High yield has become high yielding again. We're being opportunistic as credit quality improves. American High-Income Trust® Capital Group U.S. Multi-Sector Income ETF 10 Revisiting 60/40 Asset allocation isn't broken − it's just evolving. A one-size-fi ts-all approach no longer works. American Balanced Fund® The Income Fund of America® Lit. No. MFGEBR-315-0323O CGD/9074-S93627 © 2023 Capital Group. All rights reserved.