Strategy. The Portfolio described in this Prospectus operates as a feeder fund and attempts to achieve its investment goal by investing all or substantially all of its assets in Class 1 shares of the American Funds Insurance Series Growth-Income Fund (the Master Growth-Income Fund), a portfolio offered by American Funds Insurance Series , a registered open-end investment company. In turn, the Master Growth-Income Fund seeks to make investors investments grow and provide them with income over time by investing primarily in common stocks or other securities that demonstrate the potential for appreciation and/or dividends. It may invest up to 15% of its assets the United States. The Master Growth-Income Fund is designed for investors seeking both capital appreciation and income. Capital … Show more… The Portfolio described in this Prospectus operates as a feeder fund and attempts to achieve its investment goal by investing all or substantially all of its assets in Class 1 shares of the American Funds Insurance Series Growth-Income Fund (the Master Growth-Income Fund), a portfolio offered by American Funds Insurance Series , a registered open-end investment company. In turn, the Master Growth-Income Fund seeks to make investors investments grow and provide them with income over time by investing primarily in common stocks or other securities that demonstrate the potential for appreciation and/or dividends. It may invest up to 15% of its assets the United States. The Master Growth-Income Fund is designed for investors seeking both capital appreciation and income. Capital Research and Management Company (Capital Research), the investment adviser of the Master Growth-Income Fund, may consider environmental, social and governance (ESG) factors that, depending on the facts and circumstances, are material to the value of an issuer or instrument. ESG factors may include, but are not limited to, environmental issues (e.g., water use, emission levels, waste, environmental remediation), social issues (e.g., human capital, health and safety, changing customer behavior) or governance issues (e.g., board composition, executive compensation, shareholder dilution). Investment of the Portfolios assets in the Master Growth-Income Fund is not a fundamental policy of the Portfolio and a shareholder vote is not required for the Portfolio to withdraw its entire investment in the Master Growth-Income Fund. Show less