Investment Fund

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

Summary

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Balances growth and income. Offers exposure to a mix of global stocks and bonds that can temper the impact of volatility while seeking capital appreciation and income opportunities.
Price at NAV $18.27 as of 3/14/2025 (updated daily)
Fund Assets (millions) $14,671.4
Portfolio Solutions Committee Members
1,2
7
Expense Ratio
(Gross/Net %)
3
0.76 / 0.76%

Asset Mix
4

U.S. Equities49.4%
Non-U.S. Equities17.2%
U.S. Bonds23.5%
Non-U.S. Bonds5.5%
Cash & Equivalents
5
4.4%
As of 2/28/2025 (updated monthly)

Fund Statistics

5.8 years
Effective Duration
5.2%
Average Yield
to Worst
4.4%
Average Coupon
% of net assets as of 2/28/2025 (updated monthly)

Growth of 10K
6

High & Low Prices

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Returns at NAV

Returns with Sales Charge

Description

Fund Objective
The fund's investment objectives are to provide current income and long-term growth of capital and income.
Distinguishing Characteristics
Pursues its investment objectives by investing in a mix of American Funds in different combinations and weightings.
Types of Investments
The underlying American Funds may represent a variety of fund categories such as growth funds, growth-and-income funds, equity-income funds, balanced funds and bond funds.
Portfolio Restrictions
Will invest at least 45% of its assets in common stocks and other equity investments, and through its investments in the underlying funds, will invest at least 25% of the value of its assets in bonds and other debt securities (including money market instruments).

Fund Facts

Fund Inception 5/18/2012
Fund Assets (millions)
As of 2/28/2025
$14,671.4
Companies/Issuers
Holdings are as of 2/28/2025 (updated monthly).
3206+
Shareholder Accounts
Shareholder accounts are as of 2/28/2025
1
Regular Dividends Paid
7
Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid
7
Dec
Portfolio Turnover (2024) 4%
Fiscal Year-End Oct
Prospectus Date 01/01/2025
CUSIP 02630Y 16 6
Fund Number 1450

Returns

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Month-End Returns as of 2/28/25

Quarter-End Returns as of 12/31/24

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Volatility & Return

Read important investment disclosures

Equities

For Class 529-F-1 Shares, this chart tracks the 10-year standard deviation
9
and 10-year annualized return of the equity funds
CBAFX
S&P 500 Index
Other AF Funds
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

Prices and returns will vary, so investors may lose money. View .

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 , which can be obtained from a financial professional and should be read carefully before investing. 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. 

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.

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.

While not directly correlated to changes in interest rates, the values of inflation-linked bonds generally fluctuate in response to changes in real interest rates and may experience greater losses than other debt securities with similar durations.

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.

Investments in mortgage-related securities involve additional risks, such as prepayment risk.

Interests in Capital Group's U.S. Government Securities portfolios are not guaranteed by the U.S. government.

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.

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

  1. Calculated by Morningstar. Due to differing calculation methods, the figures shown here may differ from those calculated by Capital Group.

Capital Client Group, Inc.

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

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.

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
Internal Prompt

Yield

12-month
Distribution Rates
10
30-day SEC Yield
Fund at NAV 2.26% 2.05%
Fund at MOP N/A N/A
As of 2/28/2025 (updated monthly)

Valuation

Price/ Price/ Price/
Book Cash Flow Earnings
Fund 3.15 11.74 17.59
S&P 500 Index
4.30 15.70 21.80
Fund as of 12/31/24. Index as of 12/31/24.

Portfolio Solutions Committee
1,2

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Michelle J. Black 5 23 30
Brittain Ezzes 1 3 27
Samir Mathur 5 12 32
Damien J. McCann 13 25
Wesley K. Phoa 12 26 32
John R. Queen 5 23 35
Andrew B. Suzman 12 31
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
11


Overall Morningstar RatingTM
Funds rated(679)
3-yr. Morningstar RatingTM
(679 funds rated)
5-yr. Morningstar RatingTM
(627 funds rated)
10-yr. Morningstar RatingTM
(485 funds rated)
Overall Morningstar Risk Average
HIGH
LOW
Category Moderate Allocation
Ratings are based on risk-adjusted returns as of 2/28/2025 (updated monthly).

Risk Measures

Fund
Standard Deviation
9
10.16
Sharpe Ratio
9
0.57
For the 10 Years ending 2/28/25 (updated monthly).
American Funds
Benchmark
12
Morningstar
Benchmark
9
S&P 500 Index
Morningstar Mod Tgt Risk TR USD
R-squared 92 97
Beta 0.64 1.00
Capture Ratio (Downside/Upside) 68/63 98/106
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
4.6%
AAA/Aaa
9.0%
AA/Aa
1.7%
A
4.6%
BBB/Baa
4.5%
BB/Ba
2.3%
B
1.2%
CCC & Below
0.3%
Unrated
0.8%
Cash & equivalents
5
4.5%
% of net assets as of 2/28/2025 (updated monthly)

Average Life Breakdown

0-4.9 Years
12.2%
5-9.9 Years
12.7%
10-19.9 Years
2.1%
20-29.9 Years
1.9%
30+ Years
0.2%
% of net assets as of 12/31/2024 (updated monthly)

Holdings
4

Equities Breakdown

Equity Fund Holdings
Information technology 12.6%
Financials 11.0%
Health care 9.0%
Industrials 8.6%
Consumer discretionary 6.2%
Consumer staples 5.4%
Communication services 5.0%
Energy 2.8%
Materials 2.6%
Utilities 2.1%
Real estate 1.3%

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

Bonds Breakdown

Geographic Breakdown

United States
72.9%
Europe
12.1%
Asia & Pacific Basin
5.7%
Other (Including Canada & Latin America)
4.9%
Cash & equivalents
5
4.4%
% of net assets as of 2/28/2025 (updated monthly)

Prices & Distributions

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Historical Prices Month-End

Historical Prices Year-End

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Historical Distributions as of 01/27/25

2024
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
03/25/24 03/25/24 03/26/24 $0.0552 $0.00 $0.00 $0.00 $17.56
06/25/24 06/25/24 06/26/24 $0.0948 $0.00 $0.00 $0.00 $17.85
09/25/24 09/25/24 09/26/24 $0.0848 $0.00 $0.00 $0.00 $18.73
12/27/24 12/27/24 12/30/24 $0.1934 $0.00 $0.2477 $0.00 $18.21
2024 Year-to-Date: Dividends Subtotal: $0.4282 Cap Gains Subtotal: $0.2477
Total Distributions: $0.6759

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.00%
Other Expenses 0.17%
Acquired (Underlying) Fund Fees and Expenses 0.34%
Service 12b-1 0.25%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio
3

CBAFX 0.76%
Lipper Balanced Funds Average
13
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).