American Funds College 2042 529-E (CAAVX)
| Fund Assets | 464.43M |
| Expense Ratio | 1.01% |
| Min. Investment | $250 |
| Turnover | n/a |
| Dividend (ttm) | 0.37 |
| Dividend Yield | 2.80% |
| Dividend Growth | n/a |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 23, 2025 |
| Previous Close | 13.01 |
| YTD Return | 2.44% |
| 1-Year Return | 18.01% |
| 5-Year Return | n/a |
| 52-Week Low | 9.29 |
| 52-Week High | 13.22 |
| Beta (5Y) | n/a |
| Holdings | 17 |
| Inception Date | Mar 15, 2024 |
About CAAVX
American Funds College 2042 Fund 529-E Shares is a target-date mutual fund designed to support investors planning for higher education expenses around the year 2042. The fund aims to balance growth, income, and preservation of capital by dynamically adjusting its asset allocation as the target date approaches. Its portfolio includes a diversified mix of U.S. equities (around 62%), non-U.S. equities (about 28%), and fixed income securities including both U.S. and non-U.S. bonds. The fund increasingly emphasizes income and capital preservation over time by shifting toward fixed income, equity-income, and balanced funds. Launched in March 2024 and managed by Capital Group, it is tailored for 529 college savings plans, providing a structured approach to long-term education savings through diversified investments across multiple fund categories such as growth, growth-and-income, equity-income, and bond funds. This strategy seeks to manage risk and return effectively based on the proximity to the fund's target date, making it a significant vehicle for education financial planning within the allocation and target maturity fund categories.
Performance
CAAVX had a total return of 18.01% in the past year, including dividends. Since the fund's inception, the average annual return has been 19.17%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FSYSX | Fidelity | Fidelity Advisor Sust Trgt Dt 2045 Z | 0.40% |
| FSYVX | Fidelity | Fidelity Sustainable Target Date 2045 K6 | 0.30% |
| FSYLX | Fidelity | Fidelity Advisor Sust Trgt Dt 2045 A | 0.75% |
| FSYPX | Fidelity | Fidelity Advisor Sust Trgt Dt 2045 M | 1.00% |
| FSYQX | Fidelity | Fidelity Advisor Sust Trgt Dt 2045 I | 0.50% |
Top 10 Holdings
78.80% of assets| Name | Symbol | Weight |
|---|---|---|
| American Funds Fundamental Investors® Class R-6 | RFNGX | 11.68% |
| American Funds Capital World Growth and Income Fund® Class R-6 | RWIGX | 10.14% |
| American Funds SMALLCAP World Fund® Class R-6 | RLLGX | 10.02% |
| American Funds Investment Company of America® Class R-6 | RICGX | 9.21% |
| American Funds Growth Fund of Amer R6 | RGAGX | 8.42% |
| American Funds New Perspective Fund® Class R-6 | RNPGX | 8.16% |
| American Funds AMCAP Fund® Class R-6 | RAFGX | 5.78% |
| American Funds Washington Mutual Investors Fund Class R-6 | RWMGX | 5.19% |
| American Funds EUPAC Fund Class R-6 | RERGX | 5.16% |
| AMERICAN FUNDS U.S. SMALL AND MID CAP EQUITY FUND (SMID) - AMERICAN FUNDS U.S. SMALL AND MID CAP EQUITY FUND CL R6 (SMID CL R6) | RMDMX | 5.02% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 23, 2025 | $0.3651 | Dec 24, 2025 |
| Dec 23, 2024 | $0.0857 | Dec 24, 2024 |