American Funds College Enrollment 529E (CENEX)
| Fund Assets | 3.64B |
| Expense Ratio | 0.91% |
| Min. Investment | $250 |
| Turnover | 5.00% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 3.04% |
| Dividend Growth | -2.31% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 23, 2024 |
| Previous Close | 9.71 |
| YTD Return | 5.30% |
| 1-Year Return | 5.16% |
| 5-Year Return | 6.41% |
| 52-Week Low | 9.19 |
| 52-Week High | 9.74 |
| Beta (5Y) | n/a |
| Holdings | 7 |
| Inception Date | Sep 14, 2012 |
About CENEX
American Funds College Enrollment Fund Class 529-E is a target-enrollment mutual fund designed for 529 plan savers approaching or already in the college spending phase. Its primary objective is to provide current income while emphasizing preservation of capital, reflecting a conservative allocation tailored for near‑term education expenses. The portfolio is predominantly invested in high‑quality fixed income through underlying American Funds, with a heavy weighting to U.S. bonds and shorter interest rate exposure to manage volatility and sequence‑of‑withdrawal risk. Equity exposure is modest and broadly diversified across U.S. and non‑U.S. sectors to offer a limited growth cushion without dominating the fund’s risk profile. The strategy uses a fund‑of‑funds structure, rebalancing to maintain a short‑to‑intermediate duration bond core and selective credit exposure, complemented by small allocations to balanced and equity strategies. With a long-standing inception and disciplined process, it serves as a conservative anchor within education savings, aligning asset mix to the needs of families transitioning from accumulation to tuition payments. The fund distributes income annually and targets consistent outcomes through low turnover and a benchmark-aware, risk‑managed approach.
Performance
CENEX had a total return of 5.16% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.36%.
Top 10 Holdings
100.00% of assets| Name | Symbol | Weight |
|---|---|---|
| American Funds ST Bd Fd of Amer R6 | RMMGX | 39.94% |
| American Funds Interm Bd Fd of Amer R6 | RBOGX | 31.04% |
| American Funds Mortgage R6 | RMAGX | 10.03% |
| American Funds American Mutual R6 | RMFGX | 9.00% |
| American Funds Strategic Bond R-6 | RANGX | 5.02% |
| American Funds American Balanced R6 | RLBGX | 5.00% |
| Cash And Other Assets Less Liablities | n/a | -0.04% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 23, 2024 | $0.2958 | Dec 24, 2024 |
| Dec 21, 2023 | $0.3028 | Dec 22, 2023 |
| Dec 22, 2022 | $0.1828 | Dec 23, 2022 |
| Dec 22, 2021 | $0.0918 | Dec 23, 2021 |
| Dec 22, 2020 | $0.3204 | Dec 23, 2020 |
| Dec 26, 2019 | $0.2013 | Dec 27, 2019 |