Investment Fund

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 $12.84 as of 12/23/2025 (updated daily)
Fund Assets (millions) $543.1
Target Date Solutions Committee Members
8
Expense Ratio
(Gross/Net %)
0.84 / 0.84%
Quarterly Fund Fact Sheet (PDF)
Prospectus

Asset Mix

U.S. Equities61.8%
Non-U.S. Equities27.6%
U.S. Bonds5.9%
Non-U.S. Bonds0.9%
Cash & Equivalents
3.8%
As of 11/30/2025 (updated monthly)

Fund Statistics

4.8 years
Effective Duration
5.4%
Average Yield
to Maturity
5.2%
Average Coupon
% of net assets as of 11/30/2025 (updated monthly)
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Volatility & Return

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

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Returns at NAV

Returns at MOP

Description

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 3/15/2024
Fund Assets (millions)
As of 11/30/2025
 $543.1
Shareholder Accounts
Shareholder accounts are as of 11/30/2025
 1
Regular Dividends Paid
Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2025) 6%
Fiscal Year-End Oct
Prospectus Date 01/01/2025
CUSIP 02631B 504
Fund Number 14144

Returns

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Month-End Returns as of 11/30/25

Returns at NAV
| at MOP
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CAAWX
S&P 500 Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 9/30/25

Growth of 10K

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High & Low Prices

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Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 0.54% 1.01%
Fund at MOP N/A N/A
As of 11/30/2025 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 3.42 13.78 19.53
S&P 500 Index
4.60 15.30 22.90
Fund as of 9/30/25. Index as of 9/30/25.

Target Date Solutions Committee

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
David Hoag 1 33 37
Samir Mathur 1 12 32
Raj Paramaguru 1 12 20
Wesley Phoa 1 26 32
Will Robbins 1 30 33
Jessica Spaly 1 21 26
Shannon Ward 1 8 32
Michelle Black 1 23 30
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Lipper Leader Scorecard

Over-all 3 yr. 5 yr. 10 yr.
Consistent Return Within Category
Funds Rated
Expense Within Category
Funds Rated
Preservation Within Category
Funds Rated
Tax Efficiency Within Category
Funds Rated
Total Return Within Category
Funds Rated
Category Mixed-Asset Target 2045 Funds
KEY
HIGHEST LOWEST

Risk Measures

Fund
Standard Deviation
--
Sharpe Ratio
--
For the ending 11/30/25 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
S&P 500 Index
Morningstar Mod Tgt Risk TR USD
R-squared
-- --
Beta
-- --
Capture Ratio (Downside/Upside)
--/-- --/--
American Funds Benchmark for the ending -- (updated monthly).
Morningstar Benchmark for the ending 11/30/25 (updated monthly).
U.S. Treasuries/Agencies
1.6%
AAA/Aaa
0.2%
AA/Aa
1.5%
A
0.3%
BBB/Baa
0.6%
BB/Ba
1.4%
B
0.7%
CCC & Below
0.3%
Unrated
0.1%
Cash & equivalents
3.8%
% of net assets as of 11/30/2025 (updated monthly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 23.7%
Industrials 13.6%
Financials 12.1%
Consumer discretionary 10.3%
Health care 9.5%
Communication services 7.5%
Consumer staples 4.7%
Materials 3.2%
Energy 2.2%
Utilities 1.6%
Real estate 1.0%

% of net assets as of 11/30/2025 (updated monthly)

Bonds Breakdown

Geographic Breakdown

Regions
United States
67.8%
Europe
14.4%
Asia & Pacific Basin
9.7%
Other (Including Canada & Latin America)
4.4%
Cash & equivalents
3.8%
% of net assets as of 11/30/2025 (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 12/23/25

FIND HISTORICAL DISTRIBUTIONS
2025
Record
Date		 Calculated
Date		 Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
12/23/25 12/23/25 12/24/25 $0.1286 $0.00 $0.2582 $0.0104 $12.84
2025 Year-to-Date: Dividends Subtotal: $0.1286 Cap Gains Subtotal: $0.2686
Total Distributions: $0.3972

Fees & Expenses

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Fees

Annual Management Fees 0.00%
Other Expenses 0.20%
Acquired (Underlying) Fund Fees and Expenses 0.39%
Service 12b-1 0.25%
As of each fund's most recent prospectus.
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Expense Ratio

CAAWX 0.84%
Lipper Mixed-Asset Target 2040 Funds Average
0.69%
Fund as of most recent prospectus. Lipper Category as of 9/30/25 (updated quarterly).