American Funds College Enrollment 529-F2 (FAADX)
| Fund Assets | 3.64B |
| Expense Ratio | 0.42% |
| Min. Investment | $250 |
| Turnover | 5.00% |
| Dividend (ttm) | 0.34 |
| Dividend Yield | 3.50% |
| Dividend Growth | -5.31% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 23, 2024 |
| Previous Close | 9.73 |
| YTD Return | 5.42% |
| 1-Year Return | 5.43% |
| 5-Year Return | n/a |
| 52-Week Low | 9.18 |
| 52-Week High | 9.75 |
| Beta (5Y) | n/a |
| Holdings | 7 |
| Inception Date | Oct 30, 2020 |
About FAADX
American Funds College Enrollment Fund Class 529-F-2 is a target-enrollment mutual fund within the American Funds College Target Date Series designed for investors who are actively drawing down 529 college savings or are near that stage. Its primary objective is to provide current income while emphasizing preservation of capital, achieved by allocating predominantly to underlying bond funds and other income-oriented strategies, with limited exposure to growth-and-income, equity-income, and balanced funds for diversification. The fund’s structure seeks stability and liquidity appropriate for tuition payments and near-term education expenses, reflecting a conservative risk profile relative to earlier-dated college target portfolios. It distributes income annually and is managed by Capital Group through a fund-of-funds approach, allowing broad fixed income diversification, including the ability to hold lower quality or unrated securities when deemed appropriate by the adviser. With a streamlined lineup of underlying holdings and a moderate expense profile, the fund plays a role as a steady, income-focused anchor within 529 plans during the enrollment phase, aiming to reduce volatility while supporting ongoing withdrawal needs.
Performance
FAADX had a total return of 5.43% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.69%.
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 | $0.3408 | Dec 24, 2024 |
| Dec 21, 2023 | $0.3599 | Dec 22, 2023 |
| Dec 22, 2022 | $0.2389 | Dec 23, 2022 |
| Dec 22, 2021 | $0.1302 | Dec 23, 2021 |
| Dec 22, 2020 | $0.3687 | Dec 23, 2020 |