Purchase Restrictions: Class 529-F-1 share funds are available only for CollegeAmerica accounts sold through Registered Investment Advisors.

Summary

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Price at NAV $9.44 as of 3/21/2025 (updated daily)
Fund Assets (millions) $3,764.2
Target Date Solutions Committee Members
1
 8
Expense Ratio
(Gross/Net %)
2
 0.75 / 0.75%
Quarterly Fund Fact Sheet (PDF)
Prospectus

  • Underlying Funds

  • Current Allocation

 Growth-and-Income 8.9%
American Mutual Fund® 8.9%
Equity-Income/Balanced 4.9%
American Balanced Fund® 4.9%
Bond 86.2%
American Funds Mortgage Fund® 10.1%
American Funds® Strategic Bond Fund 5%
Intermediate Bond Fund of America® 26.1%
Short-Term Bond Fund of America® 45%
As of 2/28/2025 (updated monthly)
QUARTERLY HOLDINGS

Asset Mix
3

 U.S. Equities10.7%
Non-U.S. Equities0.9%
U.S. Bonds77.2%
Non-U.S. Bonds3.4%
Cash & Equivalents
4
7.8%
As of 2/28/2025 (updated monthly)

Fund Statistics

3.3 years
Effective Duration
4.5%
Average Yield
to Worst
4.1%
Average Coupon
% of net assets as of 2/28/2025 (updated monthly)
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Volatility & Return

Read important investment disclosures
For Class 529-F-1 Shares, this chart tracks the 10-year standard deviation
5
and 10-year annualized return of the equity funds
CENFX
Bloomberg U.S. Aggregate 1-5 Years Index
Other AF Funds

Similar information is contained in the , which can be obtained from a financial professional and should be read carefully before investing. CollegeAmerica is distributed by Capital Client Group, Inc., and sold through unaffiliated intermediaries.

Depending on your state of residence, there may be an in-state plan that provides state tax and other state benefits, such as financial aid, scholarship funds and protection from creditors, not available through CollegeAmerica. Before investing in any state's 529 plan, investors should consult a tax advisor. CollegeAmerica is a nationwide plan sponsored by Commonwealth Savers. 

Investment results assume all distributions are reinvested and reflect applicable fees and expenses.

© 2025 Morningstar, Inc. All Rights Reserved. Some of the information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar, its content providers nor Capital Group are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Information is calculated by Morningstar. Due to differing calculation methods, the figures shown here may differ from those calculated by Capital Group.

Use of this website is intended for U.S. residents only.

Terms and Definitions

Standard Deviation: Annualized standard deviation (based on monthly returns) is a common measure of absolute volatility that tells how returns over time have varied from the mean. A lower number signifies lower volatility.

Standard Deviation as of 02/28/2025 (updated monthly) . Annualized return as of 02/28/2025 (updated monthly) .
VIEW LARGER CHART
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Returns at NAV

Returns at MOP

Description

Objective
The fund's investment objective is to provide current income, consistent with preservation of capital.

Fund Facts

Fund Inception 9/14/2012
Fund Assets (millions)
As of 2/28/2025
 $3,764.2
Shareholder Accounts
Shareholder accounts are as of 2/28/2025
 1
Regular Dividends Paid
6
 Dec
Minimum Initial Investment $250
Capital Gains Paid
6
 Dec
Portfolio Turnover (2024) 5%
Fiscal Year-End Oct
Prospectus Date 01/01/2025
CUSIP 02629M 59 5
Fund Number 1488

Returns

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Month-End Returns as of 2/28/25

Returns at NAV
7,8
 | at MOP
7,8
Read important investment disclosures
CENFX
Bloomberg U.S. Aggregate 1-5 Years Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 12/31/24

Growth of 10K
8

Read important investment disclosures

High & Low Prices

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Yield

12-month
Distribution Rates
9
 30-day SEC Yield
Fund at NAV 3.49% 3.76%
Fund at MOP N/A N/A
As of 2/28/2025 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 3.53 12.91 18.73
Bloomberg U.S. Aggregate 1-5 Years Index
-- -- --
Fund as of 12/31/24. Index as of --.

Target Date Solutions Committee
1

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Michelle J. Black 5 23 30
David A. Hoag 5 33 37
Samir Mathur 5 12 32
Raj Paramaguru 1 12 20
Wesley K. Phoa 12 26 32
William L. Robbins 1 30 33
Jessica C. Spaly 2 21 26
Shannon Ward 4 8 32
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

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Lipper Leader Scorecard
10

Over-all 3 yr. 5 yr. 10 yr.
Consistent Return Within Category
Funds Rated
(166)
(166)
(150)
(119)
Expense Within Category
Funds Rated
(92)
(92)
(83)
(65)
Preservation Within Category
Funds Rated
(6088)
(6088)
(5638)
(4193)
Tax Efficiency Within Category
Funds Rated
(166)
(166)
(150)
(119)
Total Return Within Category
Funds Rated
(166)
(166)
(150)
(119)
Category Sht-Int Inv Grd Dbt Fds
KEY
HIGHEST LOWEST
As of 2/28/2025 (updated monthly)

Risk Measures

Fund
Standard Deviation
5
 3.02
Sharpe Ratio
5
 0.00
For the 10 Years ending 2/28/25 (updated monthly).
American Funds
Benchmark
11
 Morningstar
Benchmark
5
Bloomberg U.S. Aggregate 1-5 Years Index
Bloomberg US Agg Bond TR USD
R-squared
88 88
Beta
0.56 0.56
Capture Ratio (Downside/Upside)
43/60 43/60
American Funds Benchmark for the 10 Years ending 2/28/25 (updated monthly).
Morningstar Benchmark for the 10 Years ending 2/28/25 (updated monthly).
U.S. Treasuries/Agencies
22.6%
AAA/Aaa
42.8%
AA/Aa
3.8%
A
6.0%
BBB/Baa
2.4%
BB/Ba
0.4%
B
0.2%
CCC & Below
0.0%
Unrated
2.4%
Cash & equivalents
4
7.9%
% of net assets as of 2/28/2025 (updated monthly)

Holdings
3

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 2.3%
Health care 1.8%
Financials 1.8%
Industrials 1.7%
Consumer staples 0.9%
Utilities 0.6%
Communication services 0.6%
Consumer discretionary 0.6%
Energy 0.5%
Materials 0.5%
Real estate 0.3%

% of net assets as of 2/28/2025 (updated monthly)

Bonds Breakdown

Go to the underlying fund pages to see detailed holdings information.

Geographic Breakdown

Regions
United States
87.9%
Europe
1.9%
Asia & Pacific Basin
0.6%
Other (Including Canada & Latin America)
1.8%
Cash & equivalents
4
7.8%
% of net assets as of 2/28/2025 (updated monthly)

Prices & Distributions

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Historical Prices Month-End

2025

Historical Prices Year-End

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Historical Distributions as of 01/27/25

FIND HISTORICAL DISTRIBUTIONS
2024
Record
Date		 Calculated
Date		 Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
12/23/24 12/23/24 12/24/24 $0.3305 $0.00 $0.00 $0.00 $9.23
2024 Year-to-Date: Dividends Subtotal: $0.3305 Cap Gains Subtotal: $0.00
Total Distributions: $0.3305

Fees & Expenses

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Fees

Annual Management Fees 0.00%
Other Expenses 0.22%
Acquired (Underlying) Fund Fees and Expenses 0.28%
Service 12b-1 0.25%
As of each fund's most recent prospectus.
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Expense Ratio
2

CENFX 0.75%
Lipper Short-Intmdt Investment Grade Debt Funds Average
12
 0.63%
Fund as of most recent prospectus. Lipper Category as of 12/31/24 (updated quarterly).
Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Investing for short periods makes losses more likely. Prices and returns will vary, so investors may lose money. View mutual fund expense ratios and returns. View current mutual fund SEC yields.
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 fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing. Similar information is contained in the CollegeAmerica Program Description, which can be obtained from a financial professional and should be read carefully before investing. CollegeAmerica is distributed by Capital Client Group, Inc., and sold through unaffiliated intermediaries.
Depending on your state of residence, there may be an in-state plan that provides state tax and other state benefits, such as financial aid, scholarship funds and protection from creditors, not available through CollegeAmerica. Before investing in any state's 529 plan, investors should consult a tax advisor. CollegeAmerica is a nationwide plan sponsored by Commonwealth Savers. 
Bond ratings, which typically range from AAA/Aaa (highest) to D (lowest), are assigned by credit rating agencies such as Standard & Poor's, Moody's and/or Fitch, as an indication of an issuer's creditworthiness. For most funds, unless otherwise noted below, if agency ratings differ, a security will be considered to have received the highest of those ratings, consistent with applicable investment policies. Securities in the Unrated category have not been rated by a rating agency; however, the investment adviser performs its own credit analysis and assigns comparable ratings that are used for compliance with applicable investment policies.
Investments in mortgage-related securities involve additional risks, such as prepayment risk.
The use of derivatives involves a variety of risks, which may be different from, or greater than, the risks associated with investing in traditional securities, such as stocks and bonds.
Lower rated bonds are subject to greater fluctuations in value and risk of loss of income and principal than higher rated bonds.
The return of principal for bond portfolios and for portfolios with significant underlying bond holdings is not guaranteed. Investments are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings.
Investing outside the United States involves risks, such as currency fluctuations, periods of illiquidity and price volatility. These risks may be heightened in connection with investments in developing countries.
Allocations may not achieve investment objectives. The portfolios' risks are related to the risks of the underlying funds as described herein, in proportion to their allocations.
Investment professionals gradually adjust a college target date portfolio over time so that it becomes more preservation-oriented. The target date is the year that corresponds roughly to the year in which the beneficiary is expected to begin taking withdrawals. The allocation strategy does not guarantee that investors' education savings goals will be met. Investors and their financial professionals should periodically evaluate their investment to determine whether it continues to meet their needs.
On 10/30/2020, Class 529-F-1 shares began accruing a 0.25% 12b-1 fee. If the 12b-1 fee had been in effect at inception, results from inception to 10/30/2020 would have been lower.
There have been periods when the results lagged the index(es) and/or average(s). The indexes are unmanaged and, therefore, have no expenses. Investors cannot invest directly in an index.
Source: Bloomberg Index Services Limited. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively "Bloomberg"). Bloomberg or Bloomberg's licensors own all proprietary rights in the Bloomberg Indices. Neither Bloomberg nor Bloomberg's licensors approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.
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.
Portfolios are managed, so holdings will change.
Totals may not reconcile due to rounding.
Investment results assume all distributions are reinvested and reflect applicable fees and expenses.
When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower and net expenses higher. Read details about how waivers and/or reimbursements affect the results for each fund. View results and yields without fee waiver and/or expense reimbursement.
  1. Reflects current team at the time of publication. Years of experience in industry and Capital Group are as of the most recent year end. Years of experience on the fund are as of the most recent prospectus.
  1. Expense ratios are as of each fund's prospectus/characteristics statement available at the time of publication.
  1. Figures are based on holdings of the underlying funds, if applicable, as of date shown.
  1. Includes cash, short-term securities, other assets less liabilities, accruals, derivatives and forwards. It may also include investments in money market or similar funds managed by the investment adviser or its affiliates that are not offered to the public.
  1. Calculated by Morningstar. Due to differing calculation methods, the figures shown here may differ from those calculated by Capital Group.
  1. The months indicated for dividends and capital gains paid represent the anticipated current year ex-dividend date schedule for all share classes.
  1. YTD (year-to-date return): For the period from January 1 of the current year to the date shown or from inception date if first offered after January 1 of the current year.
  1. When applicable, returns for less than one year are not annualized, but calculated as cumulative total returns.
  1. The distribution rate reflects the fund's past dividends paid to shareholders and may differ from the fund's SEC yield which reflects the rate at which the fund is earning income on its current portfolio of securities. The distribution rate reflects fee waivers and/or expense reimbursements in effect during the period. Without waivers and/or reimbursements, it would be reduced.
  1. Lipper ratings for Consistent Return reflect funds' historical risk-adjusted returns at NAV, adjusted for volatility, relative to peers. Lipper ratings for Expense reflect funds' expense minimization relative to peers with similar load structures. Lipper ratings for Preservation reflect funds' historical loss avoidance relative to other funds within the same asset class. Preservation ratings are relative, rather than absolute, measures, and funds named Lipper Leaders for Preservation may still experience losses periodically; those losses may be larger for equity and mixed equity funds than for fixed income funds. Lipper ratings for Tax Efficiency reflect funds' historical success in postponing taxable distributions relative to peers. Tax Efficiency offers no benefit to investors in tax-sheltered accounts such as 401(k) plans. Lipper ratings for Total Return reflect funds' historical total return performance relative to peers. The Lipper ratings are subject to change every month and are based on an equal-weighted average of percentile ranks for the Total Return, Consistent Return, Preservation, Tax Efficiency and Expense metrics. The highest 20% of funds in each classification are named Lipper Leaders for Total Return, the next 20% receive a rating of 4, the middle 20% are rated 3, the next 20% are rated 2, and the lowest 20% are rated 1. Lipper ratings are not intended to predict future results, and Lipper does not guarantee the accuracy of this information. More information is available at www.lipperleaders.com. Lipper Leader © 2025, London Stock Exchange Group, All Rights Reserved.
  1. Calculated by Capital Group. Due to differing calculation methods, the figures shown here may differ from those calculated by Morningstar.
  1. Source for Lipper expense ratio comparison: Lipper, based on front-end and no-load funds of funds, including the weighted average expenses of the underlying funds, for the most recent fiscal year-ends available as of 12/31/2024.
Use of this website is intended for U.S. residents only. Use of this website and materials is also subject to approval by your home office.
Capital Client Group, Inc.
This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.
© 2025 Morningstar, Inc. All Rights Reserved. Some of the information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar, its content providers nor Capital Group are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Information is calculated by Morningstar. Due to differing calculation methods, the figures shown here may differ from those calculated by Capital Group.