About CGNAX
American Funds Growth and Income Portfolio Class 529-A is a mutual fund designed to deliver a balanced blend of long-term capital appreciation and current income. As a member of the global moderately aggressive allocation category, it primarily allocates assets across a mix of U.S. and international equities, as well as fixed-income securities and cash. Its investment strategy is tailored to prioritize capital growth while also seeking to provide income through dividends and bond interest, leading to a moderately higher risk profile compared to more conservative funds.
The fund is managed by a team of experienced professionals, drawing on a diversified approach that pools multiple underlying American Funds, each with distinct sector and regional focuses. Its holdings span sectors such as information technology, industrials, consumer discretionary, health care, financials, and communication services, providing broad exposure to key drivers of global economic growth.
Market performance metrics and disciplined asset allocation have allowed the fund to achieve competitive long-term returns relative to its peers in the moderately aggressive allocation space. It is commonly used by investors seeking a core growth and income solution within 529 education savings plans, balancing higher growth potential with some income and risk mitigation.
Fund Family Capital Group
Category Allocation--70% to 85% Equity
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol CGNAX
Share Class Class 529-a
Index S&P 500 TR
CGNAX had a total return of 9.94% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.24%.
