Investment Fund

Share Class

Summary

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Price at NAV $12.77 as of 7/19/2024 (updated daily)
Fund Assets (millions) $2,449.1
Target Date Solutions Committee Members
8
Expense Ratio
(Gross/Net %)
0.79 / 0.79%

Asset Mix

U.S. Equities49.1%
Non-U.S. Equities18.3%
U.S. Bonds24.1%
Non-U.S. Bonds4.3%
Cash & Equivalents
4.2%
As of 6/30/2024 (updated monthly)

Fund Statistics

5.1 years
Effective Duration
6.2%
Average Yield
to Maturity
5.1%
Average Coupon
% of net assets as of 6/30/2024 (updated monthly)

Market Capitalization

77.2%
Large
18.3%
Medium
4.5%
Small
$129,916.97 Million
Weighted Average


As of 3/31/2024 (updated quarterly). Morningstar data as of 6/30/2024 (updated quarterly).

Growth of 10K

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For Class 529-A Shares, this chart tracks a hypothetical investment with dividends reinvested, over the last 20 years, or since inception date if the fund has been in existence under 20 years, through 12/31/2023.
CCFAX
S&P 500 Index

High & Low Prices

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Returns at NAV

Returns with Sales Charge

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12.61%
1-year return
7.52%
5-year return
6.82%
Lifetime return (2/9/18)
2.04%
30-Day SEC Yield
Returns as of 6/30/24 (updated monthly). Yield as of 6/30/24 (updated monthly).

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 6/30/2024
$2,449.1
Shareholder Accounts
Shareholder accounts are as of 6/30/2024
112,744
Regular Dividends Paid
Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2023) 19%
Fiscal Year-End Oct
Prospectus Date 01/01/2024
CUSIP 02629M 29 8
Fund Number 10125

Returns

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Month-End Returns as of 6/30/24

Quarter-End Returns as of 6/30/24

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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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Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 1.62% N/A
Fund at MOP 1.56% 2.04%
As of 6/30/2024 (updated monthly)

Valuation

Price/ Price/ Price/
Book Cash Flow Earnings
Fund 3.44 13.28 19.76
S&P 500 Index
4.10 15.00 21.80
Fund as of 6/30/24. Index as of 3/31/24.

Target Date Solutions Committee

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Michelle J. Black 4 22 29
David A. Hoag 4 32 36
Samir Mathur 4 11 31
Raj Paramaguru 1 11 19
Wesley K. Phoa 6 25 30
William L. Robbins 1 29 32
Jessica C. Spaly 1 20 25
Shannon Ward 3 7 31
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
14.04
Sharpe Ratio
0.48
For the 5 Years ending 6/30/24 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
S&P 500 Index
Morningstar Mod Tgt Risk TR USD
R-squared 94 98
Beta 0.75 1.13
Capture Ratio (Downside/Upside) --/-- 111/120
American Funds Benchmark for the 5 Years ending 6/30/24 (updated monthly).
Morningstar Benchmark for the 5 Years ending 6/30/24 (updated monthly).
U.S. Treasuries/Agencies
3.1%
AAA/Aaa
7.1%
AA/Aa
1.1%
A
3.4%
BBB/Baa
4.2%
BB/Ba
5.0%
B
2.7%
CCC & Below
1.0%
Unrated
0.7%
Cash & equivalents
4.3%
% of net assets as of 6/30/2024 (updated monthly)

Holdings

Equities Breakdown

Equity Fund Holdings
Information technology 16.5%
Health care 9.6%
Industrials 9.4%
Financials 8.0%
Consumer discretionary 7.0%
Communication services 5.7%
Consumer staples 4.0%
Energy 2.5%
Materials 2.4%
Utilities 1.5%
Real estate 0.8%

% of net assets as of 6/30/2024 (updated monthly)

Bonds Breakdown

Geographic Breakdown

United States
73.2%
Europe
12.1%
Asia & Pacific Basin
6.0%
Other (Including Canada & Latin America)
4.5%
Cash & equivalents
4.2%
% of net assets as of 6/30/2024 (updated monthly)

Prices & Distributions

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Historical Prices Month-End

Historical Prices Year-End

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Historical Distributions as of 01/25/24

2023
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
12/21/23 12/21/23 12/22/23 $0.2049 $0.00 $0.00 $0.00 $11.62
2023 Year-to-Date: Dividends Subtotal: $0.2049 Cap Gains Subtotal: $0.00
Total Distributions: $0.2049

Fees & Expenses

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Fees

Annual Management Fees 0.00%
Other Expenses 0.19%
Acquired (Underlying) Fund Fees and Expenses 0.35%
Service 12b-1 0.25%
As of each fund's most recent prospectus.
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Expense Ratio

CCFAX 0.79%
Lipper Mixed-Asset Target 2040 Funds Average
0.82%
Fund as of most recent prospectus. Lipper Category as of 6/30/24 (updated quarterly).