Summary

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Price at NAV $9.35 as of 2/18/2025 (updated daily)
Fund Assets (millions) $3,743.7
Target Date Solutions Committee Members
1
8
Expense Ratio
(Gross/Net %)
2
0.70 / 0.70%

Asset Mix
3

U.S. Equities10.8%
Non-U.S. Equities0.9%
U.S. Bonds78.7%
Non-U.S. Bonds3.6%
Cash & Equivalents
4
6.0%
As of 1/31/2025 (updated monthly)

Fund Statistics

3.6 years
Effective Duration
4.9%
Average Yield
to Worst
4.2%
Average Coupon
% of net assets as of 1/31/2025 (updated monthly)

Growth of 10K
5

Read important investment disclosures
For Class 529-A Shares, this chart tracks a hypothetical investment with dividends reinvested, over the last 20 years, or since inception date if the fund has been in existence under 20 years, through 12/31/2024.
CENAX
Bloomberg U.S. Aggregate 1-5 Years Index

High & Low Prices

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Returns at NAV

Returns with Sales Charge
6

Read important investment disclosures
2.67%
1-year return
0.94%
5-year return
1.22%
10-year return
3.50%
30-Day SEC Yield
Returns as of 1/31/25 (updated monthly). Yield as of 1/31/25 (updated monthly).

Description

Fund 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 1/31/2025
$3,743.7
Shareholder Accounts
Shareholder accounts are as of 1/31/2025
105,281
Regular Dividends Paid
7
Dec
Minimum Initial Investment $250
Capital Gains Paid
7
Dec
Portfolio Turnover (2024) 5%
Fiscal Year-End Oct
Prospectus Date 01/01/2025
CUSIP 02629M 64 5
Fund Number 1088

Returns

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Month-End Returns as of 1/31/25

Quarter-End Returns as of 12/31/24

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Volatility & Return

Read important investment disclosures
For Class 529-A Shares, this chart tracks the 10-year standard deviation
9
and 10-year annualized return of the equity funds
CENAX
Bloomberg U.S. Aggregate 1-5 Years Index
Other AF Funds

Returns at net asset value (NAV) do not reflect a sales charge. If a sales charge 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.

© 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 01/31/2025 (updated monthly) . Annualized return as of 01/31/2025 (updated monthly) .
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Yield

12-month
Distribution Rates
10
30-day SEC Yield
Fund at NAV 3.39% N/A
Fund at MOP 3.31% 3.50%
As of 1/31/2025 (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

Risk Measures

Fund
Standard Deviation
9
3.01
Sharpe Ratio
9
-0.12
For the 10 Years ending 1/31/25 (updated monthly).
American Funds
Benchmark
11
Morningstar
Benchmark
9
Bloomberg U.S. Aggregate 1-5 Years Index
Bloomberg US Agg Bond TR USD
R-squared 91 88
Beta 1.28 0.56
Capture Ratio (Downside/Upside) 131/114 45/58
American Funds Benchmark for the 10 Years ending 12/31/24 (updated monthly).
Morningstar Benchmark for the 10 Years ending 1/31/25 (updated monthly).
U.S. Treasuries/Agencies
22.8%
AAA/Aaa
44.4%
AA/Aa
3.6%
A
6.1%
BBB/Baa
2.4%
BB/Ba
0.4%
B
0.2%
CCC & Below
0.0%
Unrated
2.4%
Cash & equivalents
4
6.0%
% of net assets as of 1/31/2025 (updated monthly)

Holdings
3

Equities Breakdown

Equity Fund Holdings
Information technology 2.4%
Financials 1.8%
Health care 1.8%
Industrials 1.7%
Consumer staples 0.8%
Utilities 0.7%
Communication services 0.7%
Consumer discretionary 0.6%
Energy 0.5%
Materials 0.4%
Real estate 0.3%

% of net assets as of 1/31/2025 (updated monthly)

Bonds Breakdown

Geographic Breakdown

United States
89.5%
Europe
1.9%
Asia & Pacific Basin
0.7%
Other (Including Canada & Latin America)
1.9%
Cash & equivalents
4
6.0%
% of net assets as of 1/31/2025 (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
12/23/24 12/23/24 12/24/24 $0.3167 $0.00 $0.00 $0.00 $9.22
2024 Year-to-Date: Dividends Subtotal: $0.3167 Cap Gains Subtotal: $0.00
Total Distributions: $0.3167

Fees & Expenses

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Fees

Annual Management Fees 0.00%
Other Expenses 0.17%
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

CENAX 0.70%
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).