About CGNCX
American Funds Growth and Income Portfolio 529-C is a diversified mutual fund designed to achieve long-term capital growth while delivering current income. This portfolio primarily invests in a blend of American Funds, strategically combining growth, growth-and-income, equity-income, and balanced funds to capture both appreciation and income opportunities. It has significant exposure to U.S. and non-U.S. equities, along with a notable allocation to bonds and cash equivalents, providing a balanced risk profile. The fund diversifies across sectors such as information technology, industrials, financials, health care, and consumer discretionary, with smaller allocations to communication services, consumer staples, and other industries. By including international and emerging market holdings alongside U.S. assets, the portfolio broadens its global reach and potential sources of return. American Funds Growth and Income Portfolio 529-C plays a key role for investors seeking a mix of capital appreciation and steady income, making it suitable for long-term objectives like education savings in 529 plans. Its multi-fund structure, broad sector exposure, and focus on both growth and income distinguish its place in the mutual fund market.
Fund Family Capital Group
Category Allocation--70% to 85% Equity
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol CGNCX
Share Class Class 529-c
Index S&P 500 TR
CGNCX had a total return of 15.43% in the past year, including dividends.
Since the fund's inception, the average annual return has been 9.71%.
