Investment Fund

Share Class

Summary

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Focuses on growth potential with income. Seeks to help investors build assets over time through exposure to a variety of stock investments as well as income from dividend-paying companies and fixed-income securities.
Price at NAV $19.61 as of 2/28/2025 (updated daily)
Fund Assets (millions) $19,253.4
Portfolio Solutions Committee Members
7
Expense Ratio
(Gross/Net %)
0.62 / 0.57%
Prospectus

Asset Mix

U.S. Equities59.3%
Non-U.S. Equities18.3%
U.S. Bonds16.3%
Non-U.S. Bonds2.5%
Cash & Equivalents
3.6%
As of 1/31/2025 (updated monthly)

Fund Statistics

6.3 years
Effective Duration
5.4%
Average Yield
to Worst
4.5%
Average Coupon
% of net assets as of 1/31/2025 (updated monthly)

Growth of 10K

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High & Low Prices

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Returns at NAV

Returns with Sales Charge

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14.04%
1-year return
9.35%
5-year return
8.61%
10-year return
1.69%
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 long-term growth of capital while providing current 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.

Fund Facts

Fund Inception 5/18/2012
Fund Assets (millions)
As of 1/31/2025
 $19,253.4
Companies/Issuers
Holdings are as of 1/31/2025 (updated monthly).
 3195+
Shareholder Accounts
Shareholder accounts are as of 1/31/2025
 1,017
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2024) 10%
Fiscal Year-End Oct
Prospectus Date 01/01/2025
CUSIP 02631T 72 9
Fund Number 48051

Returns

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Month-End Returns as of 1/31/25

Returns at NAV
| With Sales Charge
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CGNGX
S&P 500 Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 12/31/24

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Volatility & Return

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Equities

For Class ABLE-A Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
CGNGX
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 01/31/2025 (updated monthly) . Annualized return as of 01/31/2025 (updated monthly) .
VIEW LARGER CHART
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Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 1.79% 1.69%
Fund at MOP N/A N/A
As of 1/31/2025 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 3.37 12.64 18.51
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

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


Overall Morningstar RatingTM
Funds rated(291)
3-yr. Morningstar RatingTM
(291 funds rated)
5-yr. Morningstar RatingTM
(264 funds rated)
10-yr. Morningstar RatingTM
(217 funds rated)
Overall Morningstar Risk Below Average
HIGH
LOW
Category
Moderately Aggressive Allocation
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 1/31/2025 (updated monthly).

Risk Measures

Fund
Standard Deviation
11.97
Sharpe Ratio
0.63
For the 10 Years ending 1/31/25 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
S&P 500 Index
Morningstar Mod Tgt Risk TR USD
R-squared
94 96
Beta
0.75 1.16
Capture Ratio (Downside/Upside)
--/-- 116/125
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
3.0%
AAA/Aaa
6.0%
AA/Aa
1.0%
A
2.8%
BBB/Baa
2.8%
BB/Ba
1.5%
B
0.9%
CCC & Below
0.2%
Unrated
0.6%
Cash & equivalents
3.7%
% of net assets as of 1/31/2025 (updated monthly)

Average Life Breakdown

0-4.9 Years
7.8%
5-9.9 Years
8.6%
10-19.9 Years
1.2%
20-29.9 Years
1.4%
30+ Years
0.2%
% of net assets as of 12/31/2024 (updated monthly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 16.6%
Industrials 11.3%
Financials 10.9%
Health care 10.1%
Consumer discretionary 8.5%
Communication services 6.9%
Consumer staples 4.7%
Energy 2.6%
Materials 2.6%
Utilities 2.0%
Real estate 1.4%

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

Bonds Breakdown

Geographic Breakdown

Regions
United States
75.6%
Europe
11.2%
Asia & Pacific Basin
5.8%
Other (Including Canada & Latin America)
3.8%
Cash & equivalents
3.6%
% of net assets as of 1/31/2025 (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
03/25/24 03/25/24 03/26/24 $0.0573 $0.00 $0.00 $0.00 $18.48
06/25/24 06/25/24 06/26/24 $0.0863 $0.00 $0.00 $0.00 $18.85
09/25/24 09/25/24 09/26/24 $0.0665 $0.00 $0.00 $0.00 $19.82
12/27/24 12/27/24 12/30/24 $0.1542 $0.00 $0.5605 $0.00 $19.26
2024 Year-to-Date: Dividends Subtotal: $0.3643 Cap Gains Subtotal: $0.5605
Total Distributions: $0.9248

Fees & Expenses

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Fees

Annual Management Fees 0.00%
Other Expenses 0.09%
Acquired (Underlying) Fund Fees and Expenses 0.33%
Service 12b-1 0.20%
As of each fund's most recent prospectus.
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Expense Ratio

Gross Net
CGNGX 0.62% 0.57%
Lipper Growth & Income Funds Average
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).