About DAAGX
American Funds College 2042 Fund 529-F-3 is a target-date mutual fund designed for education savings, primarily within 529 college savings plans. The fund seeks to balance growth, income, and capital preservation, adjusting its investment composition over time as the target enrollment year—2042—approaches. Managed as a fund of funds, it allocates assets across a diversified mix of underlying American Funds, including equity, balanced, and fixed income funds, to ensure broad market exposure and risk management.
As of mid-2025, the portfolio emphasizes a blend of U.S. equities (around 62%), non-U.S. equities (about 28%), U.S. and non-U.S. bonds, and a small allocation to cash and equivalents. This composition is designed to align with the long investment horizon typical for families saving for future higher education expenses. The asset allocation will gradually shift towards more conservative investments as the enrollment year approaches, helping to reduce risk as the target date nears. The fund plays a significant role in 529 plans by offering a streamlined, professionally managed approach to college savings, simplifying investment decisions for account holders and aiming to address the evolving needs of education funding.
Fund Family Capital Group
Category Mixed-Asset Target 2045
Stock Exchange Nasdaq
Ticker Symbol DAAGX
Share Class Class 529-f-3
Index Index is not provided by Management Company
DAAGX had a total return of 13.14% in the past year, including dividends. Since the fund's
inception, the average annual return has been 16.25%.
