American Funds College 2024 Fund - 529-A | American Funds

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RETIREMENT PLAN INVESTOR

Use your plan ID (available on your account statement) to determine which employer-sponsored retirement plan website to use:

IF YOUR PLAN ID BEGINS WITH IRK, BRK, 1, 2 OR 754

Visit americanfunds.com/retire

IF YOUR PLAN ID BEGINS WITH 34 OR 135

Visit myretirement.americanfunds.com

COLLEGE TARGET DATE FUNDS

®

Share Class

Summary

Internal Prompt
Price at NAV $11.23 as of 6/27/2022 (updated daily)
Fund Assets (millions) $3,090.2
Target Date Solutions Committee Members
7
Expense Ratio
0.65%

Asset Mix

U.S. Equities8.2%
Non-U.S. Equities1.7%
U.S. Bonds78.3%
Non-U.S. Bonds7.1%
Cash & Equivalents
4.7%
U.S. Equities8.2%
Non-U.S. Equities1.7%
U.S. Bonds78.3%
Non-U.S. Bonds7.1%
Cash & Equivalents
4.7%
As of 5/31/2022 (updated monthly)

Fund Statistics

4.7 years
Effective Duration
2.7%
Average Yield
to Worst
1.7%
Average Coupon
% of net assets as of 3/31/2022 (updated quarterly)

Market Capitalization

83.7%
Large
15.3%
Medium
1.1%
Small
$121,058.99 Million
Weighted Average


As of 3/31/2022 (updated quarterly). Morningstar data as of 3/31/2022 (updated quarterly).

Growth of 10K

High & Low Prices

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Returns at NAV

Returns with Sales Charge

Read important investment disclosures
-7.61%
1-year return
2.55%
5-year return
4.47%
Lifetime return (9/14/12)
1.36%
30-Day SEC Yield
Returns as of 5/31/22 (updated monthly). Yield as of 5/31/22 (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 9/14/2012
Fund Assets (millions)
As of 5/31/2022
$3,090.2
Shareholder Accounts
Shareholder accounts are as of 5/31/2022
73,286
Regular Dividends Paid
Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2021) 18%
Fiscal Year-End Oct
Prospectus Date 01/01/2022
CUSIP 02629M 86 8
Fund Number 1092

Returns

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Month-End Returns as of 5/31/22

Quarter-End Returns as of 3/31/22

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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
30-day SEC Yield
Fund at NAV 1.16% N/A
Fund at MOP 1.12% 1.36%
As of 5/31/2022 (updated monthly)

Valuation

Price/ Price/ Price/
Book Cash Flow Earnings
Fund 2.91 10.48 15.67
S&P 500 Index
3.80 13.10 20.00
Fund as of 3/31/22. Index as of 3/31/22.

Target Date Solutions Committee

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Michelle J. Black 2 20 27
David A. Hoag 2 30 34
Joanna F. Jonsson 7 31 33
Samir Mathur 2 9 29
Wesley K. Phoa 10 23 28
Bradley J. Vogt 10 34
Shannon Ward 1 5 30
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


Overall Morningstar RatingTM
Funds rated(132)
3-yr. Morningstar RatingTM
(132 funds rated)
5-yr. Morningstar RatingTM
(121 funds rated)
10-yr. Morningstar RatingTM
(-- funds rated)
--
Overall Morningstar Risk Low
HIGH
LOW
Category Allocation--15% to 30% Equity
Ratings are based on risk-adjusted returns as of 5/31/2022 (updated monthly).

Risk Measures

Fund
Standard Deviation
3.61
Sharpe Ratio
0.61
For the 5 Years ending 5/31/22 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
S&P 500 Index
Morningstar Mod Tgt Risk TR USD
R-squared 70 81
Beta 0.18 0.32
Capture Ratio (Downside/Upside) 15/20 28/37
American Funds Benchmark for the 5 Years ending 3/31/22 (updated quarterly).
Morningstar Benchmark for the 5 Years ending 5/31/22 (updated monthly).
U.S. Treasuries/Agencies
35.9%
AAA/Aaa
24.9%
AA/Aa
4.3%
A
7.1%
BBB/Baa
6.4%
BB/Ba
1.5%
B
0.5%
CCC & Below
0.2%
Unrated
2.5%
Cash & equivalents
6.2%
% of net assets as of 3/31/2022 (updated quarterly)

Holdings

Equities Breakdown

Equity Fund Holdings
Information technology 1.7%
Health care 1.6%
Financials 1.5%
Consumer staples 1.0%
Industrials 1.0%
Energy 0.8%
Consumer discretionary 0.6%
Communication services 0.6%
Utilities 0.6%
Real estate 0.5%
Materials 0.4%

% of net assets as of 3/31/2022 (updated quarterly)

Bonds Breakdown

Geographic Breakdown

United States
83.9%
Europe
4.2%
Asia & Pacific Basin
1.6%
Other (Including Canada & Latin America)
3.9%
Cash & equivalents
6.4%
% of net assets as of 3/31/2022 (updated quarterly)

Prices & Distributions

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Historical Prices Month-End

Historical Prices Year-End

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Historical Distributions as of 01/26/22

2021
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
12/22/21 12/22/21 12/23/21 $0.1376 $0.00 $0.4334 $0.0085 $12.09
2021 Year-to-Date: Dividends Subtotal: $0.1376 Cap Gains Subtotal: $0.4419
Total Distributions: $0.5795

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.00%
Other Expenses 0.17%
Acquired (Underlying) Fund Fees and Expenses 0.24%
Service 12b-1 0.24%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

CFTAX 0.65%
Lipper Mixed-Asset Target 2025 Funds Average
0.82%
Fund as of most recent prospectus. Lipper Category as of 3/31/22 (updated quarterly).

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