American Funds College 2042 529-C (CABCX)
| Fund Assets | 317.78M |
| Expense Ratio | n/a |
| Min. Investment | $250 |
| Turnover | n/a |
| Dividend (ttm) | 0.06 |
| Dividend Yield | 0.52% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 23, 2024 |
| Previous Close | 11.83 |
| YTD Return | 8.39% |
| 1-Year Return | n/a |
| 5-Year Return | n/a |
| 52-Week Low | 9.52 |
| 52-Week High | 11.89 |
| Beta (5Y) | n/a |
| Holdings | 16 |
| Inception Date | Mar 15, 2024 |
About CABCX
American Funds College 2042 Fund Class 529-C is a target date mutual fund designed to help families prepare for future college expenses through the CollegeAmerica 529 savings plan. Its primary purpose is to provide a diversified, age-based investment solution that automatically adjusts its asset allocation as the target enrollment year—2042—approaches. The fund invests in a broad mix of U.S. and international equities, as well as fixed income securities, including U.S. and non-U.S. bonds, with a typical allocation of approximately 61% U.S. equities, 28% non-U.S. equities, and a smaller portion in bonds and cash equivalents. This structure aims to balance growth potential in the early years with greater emphasis on capital preservation as the enrollment year nears. Managed by Capital Group, the fund serves as part of the American Funds College Target Date Series and is specifically tailored to align with the evolving needs of college savers, offering an all-in-one approach to funding education through a tax-advantaged 529 plan.
Top 10 Holdings
85.90% of assets| Name | Symbol | Weight |
|---|---|---|
| American Funds Fundamental Investors® Class R-6 | RFNGX | 12.87% |
| American Funds AMCAP Fund® Class R-6 | RAFGX | 11.11% |
| American Funds Capital World Growth and Income Fund® Class R-6 | RWIGX | 10.66% |
| American Funds SMALLCAP World Fund® Class R-6 | RLLGX | 9.99% |
| American Funds Investment Company of America® Class R-6 | RICGX | 8.89% |
| American Funds New Perspective Fund® Class R-6 | RNPGX | 8.67% |
| American Funds The Growth Fund of America® Class R-6 | RGAGX | 8.58% |
| American Funds EuroPacific Growth Fund® Class R-6 | RERGX | 5.66% |
| American Funds Washington Mutual Investors Fund Class R-6 | RWMGX | 4.90% |
| American Funds The New Economy Fund® Class R-6 | RNGGX | 4.56% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 23, 2024 | $0.0616 | Dec 24, 2024 |