Purchase Restrictions: Class R-2 shares are available in certain employer-sponsored retirement plans. See the prospectus for details.

Summary

Internal Prompt
Managed for conservative growth and income investing. Invests primarily in well-established companies with strong balance sheets and a history of consistently paying dividends, helping to provide downside resilience.
Price at NAV $51.92 as of 4/10/2025 (updated daily)
Fund Assets (millions) $102,288.5
Portfolio Managers
1,2
 8
Expense Ratio
(Gross/Net %)
3
 1.35 / 1.35%
Quarterly Fund Fact Sheet (PDF)
Prospectus
Internal Prompt

Returns at NAV

Returns at MOP

Asset Mix

U.S. Equities89.1%
Non-U.S. Equities6.5%
U.S. Bonds0.0%
Non-U.S. Bonds0.0%
Cash & Equivalents
4,5
4.4%
As of 2/28/2025 (updated monthly)
Internal Prompt

Volatility & Return

Read important investment disclosures

Equities

For Class R-2 Shares, this chart tracks the 10-year standard deviation
6
and 10-year annualized return of the equity funds
RMFBX
S&P 500 Index
Other AF Funds

Returns at net asset value (NAV) do not reflect the contingent deferred sales charge (CDSC) (1%) on shares sold within the first year of purchase. If the CDSC had been deducted, the results would have been lower.

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.

Class 529-C shares convert to Class 529-A shares after 5 years. Prior to 6/30/2020, Class 529-C shares converted to Class 529-A shares after 10 years.

© 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 03/31/2025 (updated monthly) . Annualized return as of 03/31/2025 (updated monthly) .
VIEW LARGER CHART

Market Capitalization

79.8%
Large
19.2%
Medium
1.0%
Small
$592,380.00 Million
Weighted Average
7


As of 12/31/2024 (updated quarterly). FactSet data as of 12/31/2024 (updated quarterly).

Morningstar Ownership ZoneTM
8

Large Value
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as of 12/31/24 (updated quarterly)
INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

Description

Objective
The fund strives for the balanced accomplishment of three objectives: current income, growth of capital and conservation of principal.
Distinguishing Characteristics
Conservatively managed to reduce volatility and risk, this fund has the potential to provide downside resilience during market declines. It invests primarily in well-established companies with strong balance sheets.
Types of Investments
The fund invests primarily in common stocks, securities convertible into common stocks.
Holdings Outside the U.S.
May invest up to 20% of its assets in securities of issuers domiciled outside the United States and not included in the S&P 500 Composite Index. May invest up to 5% of its assets in securities of issuers domiciled outside the United States and Canada and not included in the S&P 500 Composite Index.

Fund Facts

Fund Inception 2/21/1950
Fund Assets (millions)
As of 3/31/2025
 $102,288.5
Companies/Issuers
Holdings are as of 3/31/2025 (updated monthly).
 171+
Shareholder Accounts
Shareholder accounts are as of 2/28/2025
 9,618
Regular Dividends Paid
9
 Mar, Jun, Sep, Dec
Minimum Initial Investment $0
Capital Gains Paid
9
 Dec
Portfolio Turnover (2024) 31%
Fiscal Year-End Oct
Prospectus Date 01/01/2025
CUSIP 027681 86 5
Fund Number 2203

Returns

Internal Prompt

Month-End Returns as of 3/31/25

Returns at NAV
10,11
 | at MOP
10,11
Read important investment disclosures
RMFBX
S&P 500 Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 3/31/25

Growth of 10K
11

Read important investment disclosures

High & Low Prices

Internal Prompt

Yield

12-month
Distribution Rates
12
 30-day SEC Yield
Fund at NAV 0.92% 1.01%
Fund at MOP N/A N/A
As of 3/31/2025 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 3.47 14.01 18.81
S&P 500 Index
4.30 15.70 21.80
Fund as of 12/31/24. Index as of 12/31/24.

Portfolio Management
1,2

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Grant L. Cambridge 6 28
Charles E. Ellwein 8 19 33
Cheryl E. Frank 11 23 27
Martin Jacobs 4 24 37
James B. Lovelace 19 43
William L. Robbins 17 30 33
James Terrile 19 28
Brant W. Thompson 6 17 29
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Morningstar Rating TM
13


Overall Morningstar RatingTM
Funds rated(1092)
3-yr. Morningstar RatingTM
(1092 funds rated)
5-yr. Morningstar RatingTM
(1030 funds rated)
10-yr. Morningstar RatingTM
(808 funds rated)
Overall Morningstar Risk Low
HIGH
LOW
Category
Large Value
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 3/31/2025 (updated monthly).
Internal Prompt

Lipper Leader Scorecard
14

Over-all 3 yr. 5 yr. 10 yr.
Consistent Return Within Category
Funds Rated
(267)
(267)
(259)
(225)
Expense Within Category
Funds Rated
(135)
(135)
(129)
(104)
Preservation Within Category
Funds Rated
(12247)
(12247)
(11211)
(8278)
Tax Efficiency Within Category
Funds Rated
(267)
(267)
(259)
(225)
Total Return Within Category
Funds Rated
(267)
(267)
(259)
(225)
Category Large-Cap Value Funds
KEY
HIGHEST LOWEST
As of 3/31/2025 (updated monthly)

Risk Measures

Fund
Standard Deviation
6
 12.20
Sharpe Ratio
6
 0.59
For the 10 Years ending 3/31/25 (updated monthly).
American Funds/
Morningstar Benchmark
6
S&P 500 TR USD
R-squared
89
Beta
0.75
Capture Ratio (Downside/Upside)
79/75
American Funds and Morningstar Benchmark for the 10 Years ending 3/31/25 (updated monthly).

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 16.6%
Health care 16.4%
Industrials 15.2%
Financials 14.5%
Consumer staples 8.1%
Utilities 6.3%
Materials 4.3%
Energy 4.0%
Consumer discretionary 3.9%
Communication services 3.4%
Real estate 2.4%

% of net assets as of 3/31/2025 (updated monthly)

Top Equities

Microsoft
5.7%
Rtx Corp
3.9%
Apple
3.3%
AbbVie
3.3%
General Electric aka GE Aerospace
2.7%
Broadcom
2.3%
UnitedHealth Group
2.1%
Meta Platforms
2.1%
JPMorgan Chase
2.0%
Abbott Laboratories
1.8%

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

Geographic Breakdown

Regions
United States
88.3%
Europe
2.9%
Asia & Pacific Basin
1.0%
Other (Including Canada & Latin America)
2.8%
Cash & equivalents
5
4.9%
% of net assets as of 3/31/2025 (updated monthly)

The New Geography of Investing ®
15

Equity Portion Breakdown by Domicile | Equity Portion Breakdown by Revenue
Regions Fund
S&P 500 Index
United States 92.9% 100.0%
Canada 2.9% 0.0%
Europe 3.1% 0.0%
Japan 0.2% 0.0%
Emerging Markets 0.9% 0.0%

% of net assets as of 3/31/2025 (updated monthly)

Fund Breakdown by Domicile

Regions Fund
S&P 500 Index
United States 88.3% 100.0%
Canada 2.8% 0.0%
Europe 2.9% 0.0%
Japan 0.2% 0.0%
Emerging Markets 0.9% 0.0%
Cash & Equivalents
5
 4.9% --

% of net assets as of 3/31/2025 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

2025

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 04/10/25

FIND HISTORICAL DISTRIBUTIONS
2025
Record
Date		 Calculated
Date		 Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
03/12/25 03/12/25 03/13/25 $0.1118 $0.00 $0.00 $0.00 $54.64
2025 Year-to-Date: Dividends Subtotal: $0.1118 Cap Gains Subtotal: $0.00
Total Distributions: $0.1118

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.23%
Other Expenses 0.37%
Service 12b-1 0.75%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio
3

RMFBX 1.35%
Lipper Growth & Income Funds Average
16
 --%
Fund as of most recent prospectus. Lipper Category as of -- (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 prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.
Capital Group offers a range of share classes designed to meet the needs of retirement plan sponsors and participants. The different share classes incorporate varying levels of financial professional compensation and service provider payments.
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.
Each S&P Index ("Index") shown is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Capital Group. Copyright © 2025 S&P Dow Jones Indices LLC, a division of S&P Global, and/or its affiliates. All rights reserved. Redistribution or reproduction in whole or in part is prohibited without written permission of S&P Dow Jones Indices LLC.
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. Certain fixed income and/or cash and equivalents holdings may be held through mutual funds managed by the investment adviser or its affiliates that are not offered to the public.
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.
Certain share classes were offered after the inception dates of some funds. Results for these shares prior to the dates of first sale are hypothetical based on the original share class results without a sales charge, adjusted for typical estimated expenses. 
  • Class R-2 shares were first offered on 5/15/2002.
Results for certain funds with an inception date after the share class inception also include hypothetical returns because those funds' shares sold after the funds' date of first offering. View dates of first sale and specific expense adjustment information.
  1. Reflects current team at the time of publication. Years of experience in investment 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. James Terrile will be retiring from the firm effective June 2025, and will transition out of the fund effective 6/1/2025. (American Mutual Fund)
  1. Expense ratios are as of each fund's prospectus/characteristics statement available at the time of publication.
  1. Accrued income and the timing of its settlement, as well as classification of convertible bonds as debt or equity, can cause slight variations in the balances displayed in different portfolio composition breakdowns.
  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. Market capitalization data is provided by FactSet. Due to differing calculation methods, the figures shown here may differ from those calculated by Capital Group.
  1. The Morningstar Ownership Zone™ provides detail about a portfolio's equity investment style by showing the range of stock sizes and styles. A portfolio's Ownership Zone™ is derived by plotting each stock in the fund's portfolio within the proprietary Morningstar Style Box™. The shaded area represents the center 75% of the fund's assets, and it provides an intuitive visual representation of the area of the market in which the fund invests. A "centroid" plot in the middle of the Ownership Zone represents the weighted average of all the fund's holdings. A fund that is concentrated will have a small ownership zone relative to the area of the style box, and broadly diversified fund will have an ownership zone that stretches across many sizes and style. Over a period of time, the shape and location of a fund's ownership zone may vary.
  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. The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Past results are not a guarantee of results in future periods. The Morningstar Ratings are based on the share classes of each underlying fund held by the series; other underlying fund share classes may have different performance characteristics.
  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. Figures include convertible securities. The equity breakdown by revenue reflects the portfolio's publicly traded equity holdings and excludes cash (and fixed income securities, if applicable). Underlying revenue data were compiled by MSCI and account for disparities in the way companies report their revenues across geographic segments. MSCI breaks out each company's reported revenues into country-by-country estimates. MSCI provides revenue data figures based on a proprietary, standardized model. Revenue exposure at the portfolio and index level was calculated by using FactSet, which takes these company revenue exposures and multiplies by the company's weighting in the portfolio and index. In this breakdown, Israel has been included in Europe.
  1. Comparable industry expense information is not available for the fund.
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.