American Funds Preservation Portfolio Class 529-A (CPPAX)
| Fund Assets | 1.86B |
| Expense Ratio | 0.63% |
| Min. Investment | $250 |
| Turnover | 6.00% |
| Dividend (ttm) | 0.37 |
| Dividend Yield | 3.77% |
| Dividend Growth | -2.16% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 27, 2026 |
| Previous Close | 9.82 |
| YTD Return | 0.79% |
| 1-Year Return | 6.25% |
| 5-Year Return | 7.31% |
| 52-Week Low | 9.28 |
| 52-Week High | 9.84 |
| Beta (5Y) | n/a |
| Holdings | 3 |
| Inception Date | May 18, 2012 |
About CPPAX
American Funds Preservation Portfolio Class 529-A is a fund-of-funds within a 529 college savings lineup that prioritizes current income while aiming to preserve capital. It primarily allocates to underlying American Funds fixed income strategies, concentrating in high-quality, short-duration bonds to temper interest-rate sensitivity. The portfolio holds a broad mix of U.S. Treasuries, agency mortgage‑backed securities, and asset‑backed obligations, with minimal equity exposure and monthly distributions that support a predictable income profile. Designed for conservative savers, it targets the short‑term bond category and maintains a relatively low turnover policy, reflecting a steady, risk-aware approach. The fund’s structure leverages Capital Group’s scale and research across mortgage-backed and asset-backed markets to enhance income generation while emphasizing liquidity and credit quality. With a long-standing inception and accessible minimums typical of education-focused share classes, it serves as a core capital preservation sleeve within 529 plans, offering diversified fixed income exposure and benchmarked oversight to the Bloomberg 1–5 Year U.S. Government/Credit A+ Index.
Performance
CPPAX had a total return of 6.25% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.47%.
Top Holdings
| Name | Symbol | Weight |
|---|---|---|
| American Funds ST Bd Fd of Amer R6 | RMMGX | 55.01% |
| American Funds Interm Bd Fd of Amer R6 | RBOGX | 45.01% |
| Cash And Other Assets Less Liablities | n/a | -0.03% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 27, 2026 | $0.0175 | Jan 28, 2026 |
| Dec 29, 2025 | $0.0435 | Dec 30, 2025 |
| Nov 24, 2025 | $0.0265 | Nov 25, 2025 |
| Oct 28, 2025 | $0.0303 | Oct 29, 2025 |
| Sep 25, 2025 | $0.0336 | Sep 26, 2025 |
| Aug 26, 2025 | $0.0296 | Aug 27, 2025 |