Investment Fund

Share Class

Summary

Internal Prompt
Price at NAV $12.14 as of 5/14/2025 (updated daily)
Fund Assets (millions) $3,688.6
Target Date Solutions Committee Members
8
Expense Ratio
(Gross/Net %)
0.69 / 0.69%
Prospectus

  • Underlying Funds

  • Current Allocation

 Growth-and-Income 11.8%
American Mutual Fund® 9.6%
Capital World Growth and Income Fund® 1.1%
Washington Mutual Investors Fund 1.1%
Equity-Income/Balanced 10%
Capital Income Builder® 1.1%
The Income Fund of America® 2.8%
American Balanced Fund® 6.1%
Bond 78.3%
American Funds Mortgage Fund® 12.9%
American Funds® Multi-Sector Income Fund 2.8%
American Funds® Strategic Bond Fund 7.9%
American High-Income Trust® 2.7%
The Bond Fund of America® 6.2%
Intermediate Bond Fund of America® 20.5%
Short-Term Bond Fund of America® 25.3%
As of 4/30/2025 (updated monthly)
QUARTERLY HOLDINGS

Asset Mix

U.S. Equities15.0%
Non-U.S. Equities2.7%
U.S. Bonds71.5%
Non-U.S. Bonds4.5%
Cash & Equivalents
6.3%
As of 4/30/2025 (updated monthly)

Fund Statistics

4.2 years
Effective Duration
4.5%
Average Yield
to Worst
4.4%
Average Coupon
% of net assets as of 4/30/2025 (updated monthly)

Growth of 10K

Read important investment disclosures
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 12/31/2024.
CSTAX
S&P 500 Index
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High & Low Prices

Internal Prompt

Returns at NAV

Returns with Sales Charge

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5.52%
1-year return
3.24%
5-year return
3.89%
10-year return
3.45%
30-Day SEC Yield
Returns as of 4/30/25 (updated monthly). Yield as of 4/30/25 (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 4/30/2025
 $3,688.6
Shareholder Accounts
Shareholder accounts are as of 4/30/2025
 84,760
Regular Dividends Paid
Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2024) 17%
Fiscal Year-End Oct
Prospectus Date 01/01/2025
CUSIP 02629M 60 3
Fund Number 1093

Returns

Internal Prompt

Month-End Returns as of 4/30/25

Returns at NAV
| With Sales Charge
Read important investment disclosures
CSTAX
S&P 500 Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 3/31/25

Internal Prompt

Volatility & Return

Read important investment disclosures
For Class 529-A Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
CSTAX
S&P 500 Index
Other AF Funds
Standard Deviation as of 04/30/2025 (updated monthly) . Annualized return as of 04/30/2025 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 3.38% N/A
Fund at MOP 3.26% 3.45%
As of 4/30/2025 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 3.33 12.34 18.19
S&P 500 Index
4.10 14.10 20.90
Fund as of 3/31/25. Index as of 3/31/25.

Target Date Solutions Committee

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Michelle J. Black 5 23 30
David A. Hoag 5 33 37
Samir Mathur 5 12 32
Raj Paramaguru 1 12 20
Wesley K. Phoa 12 26 32
William L. Robbins 1 30 33
Jessica C. Spaly 2 21 26
Shannon Ward 4 8 32
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
6.33
Sharpe Ratio
0.38
For the 10 Years ending 4/30/25 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
S&P 500 Index
Morningstar Mod Tgt Risk TR USD
R-squared
77 91
Beta
0.36 0.60
Capture Ratio (Downside/Upside)
39/37 60/63
American Funds Benchmark for the 10 Years ending 4/30/25 (updated monthly).
Morningstar Benchmark for the 10 Years ending 4/30/25 (updated monthly).
U.S. Treasuries/Agencies
16.5%
AAA/Aaa
38.7%
AA/Aa
3.2%
A
6.9%
BBB/Baa
4.4%
BB/Ba
2.6%
B
1.4%
CCC & Below
0.4%
Unrated
1.8%
Cash & equivalents
6.3%
% of net assets as of 4/30/2025 (updated monthly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 3.2%
Financials 2.8%
Health care 2.5%
Industrials 2.4%
Consumer staples 1.7%
Utilities 1.0%
Consumer discretionary 1.0%
Communication services 1.0%
Energy 0.8%
Materials 0.8%
Real estate 0.5%

% of net assets as of 4/30/2025 (updated monthly)

Bonds Breakdown

Geographic Breakdown

Regions
United States
86.5%
Europe
3.4%
Asia & Pacific Basin
1.2%
Other (Including Canada & Latin America)
2.6%
Cash & equivalents
6.3%
% of net assets as of 4/30/2025 (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 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
12/23/24 12/23/24 12/24/24 $0.4133 $0.00 $0.0154 $0.0199 $11.84
2024 Year-to-Date: Dividends Subtotal: $0.4133 Cap Gains Subtotal: $0.0353
Total Distributions: $0.4486

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.00%
Other Expenses 0.17%
Acquired (Underlying) Fund Fees and Expenses 0.28%
Service 12b-1 0.24%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

CSTAX 0.69%
Lipper Mixed-Asset Target 2030 Funds Average
0.79%
Fund as of most recent prospectus. Lipper Category as of 3/31/25 (updated quarterly).