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 $12.74 as of 3/14/2025 (updated daily)
Fund Assets (millions) $2,865.5
Target Date Solutions Committee Members
1
 8
Expense Ratio
(Gross/Net %)
2
 0.80 / 0.80%
Prospectus

Asset Mix
3

 U.S. Equities47.8%
Non-U.S. Equities15.7%
U.S. Bonds27.7%
Non-U.S. Bonds4.5%
Cash & Equivalents
4
4.4%
As of 2/28/2025 (updated monthly)

Fund Statistics

5 years
Effective Duration
5.6%
Average Yield
to Maturity
4.9%
Average Coupon
% of net assets as of 2/28/2025 (updated monthly)

Growth of 10K
5

Read important investment disclosures

High & Low Prices

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Returns at NAV
5

Returns with Sales Charge
5

Description

Fund Objective
Depending on the proximity to its target date, the fund will seek to achieve the following objectives to varying degrees: growth, income and preservation of capital. The target date is meant to roughly correspond to the year in which the fund beneficiary will start to withdraw funds to meet higher education expenses. The fund will increasingly emphasize income and preservation of capital by investing a greater portion of its assets in fixed income, equity-income and balanced funds as it approaches and passes its target date. In this way, the fund seeks to achieve an appropriate balance of total return and stability during different time periods.

Fund Facts

Fund Inception 2/09/2018
Fund Assets (millions)
As of 2/28/2025
 $2,865.5
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) 9%
Fiscal Year-End Oct
Prospectus Date 01/01/2025
CUSIP 02629M 25 6
Fund Number 14125

Returns

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Month-End Returns as of 2/28/25

Returns at NAV
5,7
 | With Sales Charge
5,7
Read important investment disclosures
CTAFX
S&P 500 Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 12/31/24

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Volatility & Return

Read important investment disclosures

Volatility & Return chart is not available for funds less than 10 years old.

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Yield

12-month
Distribution Rates
8
 30-day SEC Yield
Fund at NAV 2.14% 2.35%
Fund at MOP N/A N/A
As of 2/28/2025 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 3.45 12.33 18.71
S&P 500 Index
4.30 15.70 21.80
Fund as of 12/31/24. Index as of 12/31/24.

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 7 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
 13.78
Sharpe Ratio
9
 0.56
For the 5 Years ending 2/28/25 (updated monthly).
American Funds
Benchmark
10
 Morningstar
Benchmark
9
S&P 500 Index
Morningstar Mod Tgt Risk TR USD
R-squared
94 97
Beta
0.75 1.10
Capture Ratio (Downside/Upside)
--/-- 105/116
American Funds Benchmark for the 5 Years ending 2/28/25 (updated monthly).
Morningstar Benchmark for the 5 Years ending 2/28/25 (updated monthly).
U.S. Treasuries/Agencies
4.3%
AAA/Aaa
9.0%
AA/Aa
1.3%
A
3.6%
BBB/Baa
4.4%
BB/Ba
5.0%
B
2.8%
CCC & Below
0.9%
Unrated
0.8%
Cash & equivalents
4
4.4%
% of net assets as of 2/28/2025 (updated monthly)

Holdings
3

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 13.7%
Financials 9.1%
Industrials 9.0%
Health care 8.8%
Consumer discretionary 6.8%
Communication services 5.3%
Consumer staples 4.1%
Materials 2.1%
Energy 2.0%
Utilities 1.6%
Real estate 1.0%

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

Bonds Breakdown

Geographic Breakdown

Regions
United States
75.4%
Europe
11.1%
Asia & Pacific Basin
4.9%
Other (Including Canada & Latin America)
4.2%
Cash & equivalents
4
4.4%
% 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 $0.2877 $0.00 $0.4162 $0.0031 $12.78
2024 Year-to-Date: Dividends Subtotal: $0.2877 Cap Gains Subtotal: $0.4193
Total Distributions: $0.707

Fees & Expenses

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Fees

Annual Management Fees 0.00%
Other Expenses 0.21%
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
2

CTAFX 0.80%
Lipper Mixed-Asset Target 2040 Funds Average
11
 0.75%
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.
Smaller company stocks entail additional risks, and they can fluctuate in price more than larger company stocks.
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.
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.
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. When applicable, returns for less than one year are not annualized, but calculated as cumulative total returns.
  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. 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. Calculated by Morningstar. Due to differing calculation methods, the figures shown here may differ from those calculated by Capital Group.
  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.
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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.