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

Summary

Internal Prompt
A quality foundation. Invests primarily in securities guaranteed or sponsored by the U.S. government and manages allocations between government and mortgage securities. Seeks to outpace the Treasury and mortgage-backed securities markets while maintaining low correlation to equities and minimal credit risk.
Price at NAV $11.75 as of 1/21/2025 (updated daily)
Fund Assets (millions) $22,248.5
Portfolio Managers
1
3
Expense Ratio
(Gross/Net %)
2
0.42 / 0.38%
Internal Prompt

Returns at NAV

Returns with Sales Charge

Asset Mix

U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds94.6%
Non-U.S. Bonds0.0%
Cash & Equivalents
3
5.4%
As of 12/31/2024 (updated monthly)

Growth of 10K
4

High & Low Prices

Fund Statistics

6.6 years
Effective Duration
5.1%
Average Yield
to Worst
4.2%
Average Coupon
% of net assets as of 12/31/2024 (updated monthly)

Morningstar Style BoxTM— Fixed-Income
5

High Quality
Moderate Interest-Rate Sensitivity
Morningstar data as of 12/31/24 (updated quarterly)

Description

Fund Objective
The fund's investment objective is to provide a high level of current income consistent with prudent investment risk and preservation of capital.
Distinguishing Characteristics
Invests primarily in securities guaranteed or sponsored by the U.S. government and mortgage-backed securities.
Types of Investments
Primarily invests in direct obligations of the U.S. Treasury and securities issued by U.S. government agencies, and cash and equivalents.
Maturity
Not required to maintain any particular maturity.
Portfolio Restrictions
At least 80% of the fund's assets will be invested in securities that are guaranteed or sponsored by the U.S. government.

Fund Facts

Fund Inception 10/17/1985
Fund Assets (millions)
As of 12/31/2024
$22,248.5
Companies/Issuers
Holdings are as of 12/31/2024 (updated monthly).
39+
Shareholder Accounts
Shareholder accounts are as of 12/31/2024
2,029
Regular Dividends Paid
6
Monthly
Minimum Initial Investment $250
Capital Gains Paid
6
Dec
Portfolio Turnover (2024) 570%
Fiscal Year-End Aug
Prospectus Date 11/01/2024
CUSIP 026300 749
Fund Number 1622

Returns

Internal Prompt

Month-End Returns as of 12/31/24

Quarter-End Returns as of 12/31/24

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Volatility & Return

Read important investment disclosures

Fixed-Income

For Class 529-F-2 Shares, this chart tracks the 10-year standard deviation
8
and 10-year annualized return of the fixed income funds
FSUGX
Bloomberg U.S. Government/Mortgage-Backed Securities 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. 

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.

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 12/31/2024 (updated monthly) . Annualized return as of 12/31/2024 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
9
30-day SEC Yield
Fund at NAV 4.47% 4.49%
Fund at MOP N/A N/A
As of 12/31/2024 (updated monthly)

Portfolio Management
1

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
David J. Betanzos 10 23 27
Fergus N. MacDonald 15 21 32
Ritchie Tuazon 10 14 25
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
10


Overall Morningstar RatingTM
Funds rated(227)
3-yr. Morningstar RatingTM
(227 funds rated)
5-yr. Morningstar RatingTM
(216 funds rated)
10-yr. Morningstar RatingTM
(176 funds rated)
Overall Morningstar Risk Average
HIGH
LOW
Category Intermediate Government
Ratings are based on risk-adjusted returns as of 12/31/2024 (updated monthly).

Risk Measures

Fund
Standard Deviation
8
4.78
Sharpe Ratio
8
-0.15
For the 10 Years ending 12/31/24 (updated monthly).
American Funds
Benchmark
11
Morningstar
Benchmark
8
Bloomberg U.S. Government/Mortgage-Backed Securities Index
Bloomberg US Agg Bond TR USD
R-squared 86 86
Beta 0.89 0.89
Capture Ratio (Downside/Upside) 84/83 84/83
American Funds Benchmark for the 10 Years ending 12/31/24 (updated monthly).
Morningstar Benchmark for the 10 Years ending 12/31/24 (updated monthly).
U.S. Treasuries/Agencies
40.0%
AAA/Aaa
54.3%
AA/Aa
0.3%
Unrated
0.1%
Cash & equivalents
3
4.8%
% of net assets as of 12/31/2024 (updated monthly)

Average Life Breakdown

0-4.9 Years
44.2%
5-9.9 Years
41.7%
10-19.9 Years
4.3%
20-29.9 Years
4.4%
30+ Years
--
% of net assets as of 12/31/2024 (updated monthly)

Holdings

Bonds Breakdown

Bond Details

Total bond holdings
U.S. Treasury bonds & notes 40.3%

% of net assets as of 12/31/2024 (updated quarterly)

Top Fixed-Income Issuers
12

U.S. Treasury
38.9%
Federal Home Loan Mortgage
26.9%
Fannie Mae
22.4%
Ginnie Mae II
2.4%
UMBS
2.3%
Federal Home Loan Bank
0.3%
Freddie Mac - SLST SLST_18-2
0.2%
Freddie Mac Multifamily Structured Pass Throug ...
0.2%
Freddie Mac Gold
0.2%
Seasoned Loans Structured Transaction Trust SL ...
0.2%

% of net assets as of 12/31/2024 (updated monthly)

Prices & Distributions

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Historical Prices Month-End

Historical Prices Year-End

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Historical Distributions as of 01/21/25

2024
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
Daily 01/31/24 02/01/24 $0.0434935 $0.00 $0.00 $0.00 $12.13
Daily 02/29/24 03/01/24 $0.0420102 $0.00 $0.00 $0.00 $11.87
Daily 03/28/24 04/01/24 $0.0456603 $0.00 $0.00 $0.00 $11.91
Daily 04/30/24 05/01/24 $0.0456959 $0.00 $0.00 $0.00 $11.55
Daily 05/31/24 06/03/24 $0.044506 $0.00 $0.00 $0.00 $11.70
Daily 06/28/24 07/01/24 $0.0421561 $0.00 $0.00 $0.00 $11.79
Daily 07/31/24 08/01/24 $0.0447164 $0.00 $0.00 $0.00 $12.02
Daily 08/30/24 09/03/24 $0.0429141 $0.00 $0.00 $0.00 $12.17
Daily 09/30/24 10/01/24 $0.0429887 $0.00 $0.00 $0.00 $12.28
Daily 10/31/24 11/01/24 $0.044543 $0.00 $0.00 $0.00 $11.89
Daily 11/29/24 12/02/24 $0.0424843 $0.00 $0.00 $0.00 $11.94
Daily 12/31/24 01/02/25 $0.0445666 $0.00 $0.00 $0.00 $11.75
2024 Year-to-Date: Dividends Subtotal: $0.52573495 Cap Gains Subtotal: $0.00
Total Distributions: $0.52573495

Fees & Expenses

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Fees

Annual Management Fees 0.25%
Other Expenses 0.17%
Service 12b-1 --
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio
2

Gross Net
FSUGX 0.42% 0.38%
Lipper General U.S. Government Funds Average
13
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).