Investment Fund

Share Class
Purchase Restrictions: Class 529-F-2 share funds are available only for CollegeAmerica accounts sold through Registered Investment Advisors.

Summary

Internal Prompt
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 $19.24 as of 3/06/2025 (updated daily)
Fund Assets (millions) $19,253.4
Portfolio Solutions Committee Members
1,2
 7
Expense Ratio
(Gross/Net %)
3
 0.44 / 0.44%
Prospectus

Asset Mix
4

 U.S. Equities59.3%
Non-U.S. Equities18.3%
U.S. Bonds16.3%
Non-U.S. Bonds2.5%
Cash & Equivalents
5
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
6

Read important investment disclosures

High & Low Prices

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Returns at NAV

Returns with Sales Charge

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
 6,032
Regular Dividends Paid
7
 Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid
7
 Dec
Portfolio Turnover (2024) 10%
Fiscal Year-End Oct
Prospectus Date 01/01/2025
CUSIP 02630R 229
Fund Number 1651

Returns

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Month-End Returns as of 2/28/25

Returns at NAV
6,8
 | With Sales Charge
6,8
Read important investment disclosures
FGGIX
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

Equities

For Class 529-F-2 Shares, this chart tracks the 10-year standard deviation
9
and 10-year annualized return of the equity funds
FGGIX
S&P 500 Index
Other AF Funds

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 02/28/2025 (updated monthly) . Annualized return as of 02/28/2025 (updated monthly) .
VIEW LARGER CHART
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Yield

12-month
Distribution Rates
10
 30-day SEC Yield
Fund at NAV 1.96% 1.89%
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
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(290)
3-yr. Morningstar RatingTM
(290 funds rated)
5-yr. Morningstar RatingTM
(262 funds rated)
10-yr. Morningstar RatingTM
(215 funds rated)
Overall Morningstar Risk Average
HIGH
LOW
Category
Moderately Aggressive Allocation
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 2/28/2025 (updated monthly).

Risk Measures

Fund
Standard Deviation
9
 11.95
Sharpe Ratio
9
 0.60
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
94 96
Beta
0.75 1.16
Capture Ratio (Downside/Upside)
80/75 115/125
American Funds Benchmark for the 10 Years ending 12/31/24 (updated monthly).
Morningstar Benchmark for the 10 Years ending 2/28/25 (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
5
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
4

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
5
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 $0.0638 $0.00 $0.00 $0.00 $18.45
06/25/24 06/25/24 06/26/24 $0.0946 $0.00 $0.00 $0.00 $18.82
09/25/24 09/25/24 09/26/24 $0.0754 $0.00 $0.00 $0.00 $19.79
12/27/24 12/27/24 12/30/24 $0.1645 $0.00 $0.5605 $0.00 $19.23
2024 Year-to-Date: Dividends Subtotal: $0.3983 Cap Gains Subtotal: $0.5605
Total Distributions: $0.9588

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.00%
Other Expenses 0.11%
Acquired (Underlying) Fund Fees and Expenses 0.33%
Service 12b-1 --
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio
3

FGGIX 0.44%
Lipper Growth & Income Funds Average
13
 --%
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 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. Bond ratings for the American Funds Portfolio Series relate to the securities held by the portfolios' underlying mutual funds, and if agency ratings of those holdings differ, the security will be considered to have received the highest of those ratings.
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.
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.
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.
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 529-F-2 shares were first offered on 10/30/2020.
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 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. Alan N. Berro has transitioned out of the fund effective 1/1/2025. Damien J. McCann was disclosed as a portfolio manager effective 1/1/2025.
  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. Calculated by Morningstar. Due to differing calculation methods, the figures shown here may differ from those calculated by Capital Group.
  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. Calculated by Capital Group. Due to differing calculation methods, the figures shown here may differ from those calculated by Morningstar.
  1. Comparable industry expense information is not available for the fund.
Use of this website is intended for U.S. residents only.
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.