Multi-Asset / Allocation
American Funds® College 2036 Fund
Overview
Key information
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.
Key facts
Fund inception
2/9/18
Fund assets (millions)
$3,981.6
As of 10/31/26 (updated monthly)
Shareholder accounts
124,216
As of 9/30/26 (updated monthly)
One-year turnover (%) 5
13.0
Minimum initial investment
$250
Regular dividends paid 6
Dec.
Capital gains paid 6
Dec.
Fiscal year-end
October
Prospectus date
1/1/26
CUSIP
02629M 29 8
Fund number
10125
Target Date Solutions Committee16
Target Date Solutions Committee16
A distinctive investment approach
The Capital System is designed to deliver superior investment results. Across asset classes, we believe in collaborative research to yield deeper insights, diverse perspectives from multiple portfolio managers and analysts, and a long-term view to decision-making.
Returns
Investment results1, 2, 3
Total returns for periods ended 10/31/26 (%)
- ●CCFAX at NAV
- ●CCFAX at MOP
- ●Index
| Daily YTD | 1M | 3M | YTD | 1Y | 3Y | 5Y | 10Y | 15Y | 20Y | Lifetime |
|---|
Index data refers to the S&P 500 Index.
Daily YTD as of 11/12/26.Returns greater than one year are annualized.
Fund inception: 2/9/18. Index lifetime is based on inception date of the fund.
Growth of $10K2
As of 6/30/26 (updated monthly)
- CCFAX (dividends reinvested)
Index data refers to the S&P 500 Index.
Lifetime reflects up to 50 years of available history.
Volatility & returns
As of 10/31/26 (updated monthly, %)
- ●CCFAX
- ▲Other CG funds
- ■S&P 500 Index
Yield
As of 10/31/26 (updated monthly, %)
| 12-month distribution rate (at NAV)7 | 2.07 |
| 30-day SEC yield (gross/net) | 2.53 / 2.53 |
Risk measures
As of 10/31/26 (updated monthly)
| Standard deviation (%) | |
| CCFAX | 8.91 |
| Index | 12.31 |
| Sharpe ratio | |
| CCFAX | 1.35 |
| Index | 1.53 |
| R-squared (%) | 84.52 |
| Alpha | -0.48 |
| Beta | 0.67 |
| Information ratio | -1.25 |
| Downside capture ratio (%) | 64 |
| Upside capture ratio (%) | 70 |
| Tracking error (%) | 5.41 |
| S&P 500 correlation | 0.92 |
| MSCI ACWI correlation | 0.95 |
Index data, and data calculated against an index, refers to the S&P 500 Index unless noted otherwise.
Prices & distributions
As of 11/12/26
- Price at nav ($)
- Price change ($)
- Price change (%)
| YTD dividends subtotal | — |
| YTD cap gains subtotal | — |
| YTD total distributions | — |
Find Historical Prices
Find Historical Distributions
Portfolio composition
Asset class exposure8
As of 10/31/26 (updated monthly, %)
U.S. Equities | 41.0 |
|---|---|
Non-U.S. Equities | 13.2 |
U.S. Fixed Income | 36.9 |
Non-U.S. Fixed Income | 4.8 |
Cash and Equivalents9 | 3.5 |
Others and Convertibles10 | 0.6 |
U.S. Equities | 41.0 |
|---|---|
Non-U.S. Equities | 13.2 |
U.S Fixed Income | 36.9 |
Non-U.S. Fixed Income | 4.8 |
Cash and Equivalents | 3.5 |
Others and Convertibles10 | 0.6 |
Key statistics
As of 10/31/26 (updated monthly)
CCFAX | |
|---|---|
Yield to maturity (%)tooltip: A bond's total return if held to maturity and no default occurs or options are exercised. Assumes coupons are paid on time and accounts for their present value. Assumes principal is returned at maturity. | 6.4 |
Yield to worst (%)tooltip: Lower of Yield to Maturity or the bond's total return if put or call options are exercised prior to maturity but no default occurs. | 6.4 |
Effective duration (years)tooltip: Effective duration is a duration calculation for bonds that takes into account that expected cash flows will fluctuate as interest rates change. | 5.6 |
Spread duration (years)tooltip: A measure of fixed income securities' sensitivity to spread movement. | 4.0 |
Option adjusted spread (bps)tooltip: Option-adjusted spread is a yield-spread calculation used to value securities with embedded options. | 131 |
Duration times spread (bps)tooltip: A measure of fixed income securities' spread exposure, taking into account both spread duration and credit spread exposure. | 534 |
Average coupon (%)tooltip: The average coupon is the weighted average coupon rate of all the bond holdings. | 5.1 |
Index data refers to the S&P 500 Index.
Valuation8, 11, 12
As of 9/30/26 (updated monthly)
| CCFAX | INDEX | |
|---|---|---|
| Price/Booktooltip: The price‑to‑book (P/B) ratio is the market‑value‑weighted, harmonic average of the P/B ratios of the individual companies held in the portfolio. The P/B ratio of an individual company compares its market value to the value of its total assets, less total liabilities (book value), as reported. This metric reflects the valuation of the underlying companies held in the portfolio and is not a measure of the portfolio's own share price, NAV, or operating performance. | 4.5 | 5.6 |
| Price/Cash flowtooltip: The price‑to‑cash‑flow (P/CF) ratio is the market‑value‑weighted, harmonic average of the P/CF ratios of the individual companies held in the portfolio. This metric reflects how the market values the cash‑generating ability of the underlying companies held in the portfolio and is not a measure of the portfolio's own cash flow, share price, NAV, or operating performance. | 15.2 | 18.5 |
| Price/Earningstooltip: The price‑to‑earnings (P/E) ratio is the market‑value‑weighted, harmonic average of the P/E ratios of the individual companies held in the portfolio. This metric reflects the valuation of the underlying companies held in the portfolio and is not a measure of the portfolio's own earnings, share price, NAV, or operating performance. | 21.5 | 24.5 |
Index data refers to the S&P 500 Index.
Portfolio exposures8
As of — (updated —, percent)
No data available.
Fees & expenses
Fees
As of the most recent prospectus (%)
Annual management fees | 0.00 |
|---|---|
Other expenses | 0.16 |
Acquired (underlying) fund fees and expenses | 0.33 |
12b-1 | 0.24 |
Expense ratio
Values shown as percentages (%)
CCFAX (gross/net)4 | 0.73/0.73 |
|---|---|
Morningstar Moderate Allocation Front Load median15 As of 9/30/26 (updated quarterly) | 1.02 |
Resources
Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Investing for short periods makes losses more likely.
Prices and returns will vary, so investors may lose money.
View mutual fund expense ratios and returns.
View current mutual fund SEC yields.
Returns at net asset value (NAV) do not reflect a sales charge. If a sales charge had been deducted, the results would have been lower.
Returns shown at maximum offering price (MOP) for Class 529-A shares reflect deduction of the 3.50% maximum sales charge.
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 mutual fund prospectuses and/or summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.
Bond ratings, which typically range from AAA/Aaa (highest) to D (lowest), are assigned by credit rating agencies such as Standard & Poor's, Moody's and/or Fitch, as an indication of an issuer's creditworthiness.
Unless otherwise noted below, if agency ratings differ, a security will be considered to have received the highest of those ratings, consistent with applicable investment policies. Securities in the Unrated category have not been rated by any of the rating agencies referenced above; however, the investment adviser performs its own credit analysis and assigns comparable ratings that are used for compliance with applicable investment policies.
The return of principal for bond portfolios and portfolios with significant underlying bond holdings is not guaranteed. Investments are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings.
The use of derivatives involves a variety of risks, which may be different from, or greater than, the risks associated with investing in traditional securities, such as stocks and bonds.
Lower rated bonds are subject to greater fluctuations in value and risk of loss of income and principal than higher rated bonds.
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.
Investments in mortgage-related securities involve additional risks, such as prepayment risk.
Smaller company stocks entail additional risks, and they can fluctuate in price more than larger company stocks.
Allocations may not achieve investment objectives. The portfolios' risks are related to the risks of the underlying funds as described herein, in proportion to their allocations.
Investment professionals gradually adjust a college target date portfolio over time so that it becomes more preservation-oriented. The target date is the year that corresponds roughly to the year in which the beneficiary is expected to begin taking withdrawals. The allocation strategy does not guarantee that investors' education savings goals will be met. Investors and their financial professionals should periodically evaluate their investment to determine whether it continues to meet their needs.
There have been periods when the results lagged the index(es) and/or average(s).
The indexes are unmanaged and, therefore, have no expenses. Investors cannot invest directly in an index.
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Each S&P Index ("Index") shown is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Capital Group. Copyright © 2026 S&P Dow Jones Indices LLC, a division of S&P Global, and/or its affiliates. All rights reserved. Redistribution or reproduction in whole or in part is prohibited without written permission of S&P Dow Jones Indices LLC.
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Portfolios are managed, so holdings will change.
Totals may not reconcile due to rounding and/or cash flows.
Investment results assume all distributions are reinvested and reflect applicable fees and expenses.
When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower and net expenses higher.
For mutual funds, read details about how waivers and/or reimbursements affect the results for each fund.
View results and yields without fee waiver and/or expense reimbursement.
1.
YTD (year-to-date return): For the period from January 1 of the current year to the date shown or from inception date if first offered after January 1 of the current year.
2.
When applicable, returns for less than one year are not annualized, but calculated as cumulative total returns.
3.
Data for the periods listed below reflect certain sales charge deductions.
- Maximum of 4.25% (prior to 6/30/2020)
- Maximum of 4.25% (prior to 6/30/2020)
4.
Expense ratios are as of each fund's prospectus/characteristics statement, as applicable, available at the time of publication.
5.
Portfolio turnover is as of the most recent prospectus/characteristics statement, as applicable.
6.
The months indicated for dividends and capital gains paid represent the anticipated current year ex-dividend date schedule for all share classes.
7.
The distribution rate reflects the fund's past dividends paid to shareholders and may differ from the fund's SEC yield which reflects the rate at which the fund is earning income on its current portfolio of securities. The distribution rate reflects fee waivers and/or expense reimbursements in effect during the period. Without waivers and/or reimbursements, it would be reduced.
8.
Figures are based on holdings of the underlying funds, if applicable, as of date shown.
9.
Includes cash, short-term securities, other assets less liabilities, and certain accruals. It may also include investments in money market or similar funds managed by the investment adviser or its affiliates that are not offered to the public.
10.
May include forwards, options on forwards, warrants, and convertible securities.
11.
Calculated using FactSet, valuation metrics can produce extreme values due to small denominators. To consistently limit the influence of these extremes on aggregate statistics, the inverse interquartile method is used.
12.
For price-to-earnings ratios, negative values have been excluded.
13.
Rating exposure ”Other” may include equities, rights, warrants, preferreds, convertibles, forwards and FX (foreign exchange) options.
14.
Includes cash, short-term securities, other assets less liabilities, and may include accrued income. It may also include investments in money market or similar funds managed by the investment adviser or its affiliates that are not offered to the public.
15.
Source for Morningstar expense ratio comparison: Morningstar, based on Morningstar Moderate Allocation Front Load median funds' most recent fiscal year-ends available as of the most recent quarter-end.
16.
Reflects current team at the time of publication. Years of experience in investment industry and Capital Group are as of the most recent year end.
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.
Capital Client Group, Inc.
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