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Detailed Fund Information

CollegeAmerica (R) is a nationwide plan sponsored by Virginia 529 (SM)

Fundamental InvestorsSM (growth-and-income fund)

CollegeAmerica® Plans

Class 529-A shares

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How do the share classes differ?

Daily Prices

Updated April 23, 2014, 3:16PM Pacific time

Net Asset Value (NAV) $51.54
NAV Change $−0.04
Maximum Offering Price (MOP) $54.68

(All prices are subject to revision.)

Historical Prices & Distributions

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Ticker Symbols & Fund Numbers

Fund Number 1010
Ticker/Quotron Symbol CFNAX
CUSIP Number 360802 50 8

Fund Description

Fund Objective The fund's investment objective is to achieve long-term growth of capital and income.
Distinguishing Characteristics Using principles of fundamental analysis, the fund seeks undervalued and overlooked opportunities with the potential for long-term growth. Companies under consideration for the portfolio often have strong balance sheets, high-quality products and leading market share. The fund seeks to invest in companies that represent good value and possess above-average potential for growth in sales, earnings and dividends.
Types of Investments The fund primarily invests in common stocks or securities convertible into common stocks, bonds, U.S. government securities and cash.
Non-U.S. Holdings May invest up to 35% of its assets in securities of issuers that are domiciled outside the United States.
Portfolio Restrictions The fund may invest up to 5% of assets in debt securities rated Ba and BB or below (or unrated, but determined by the fund’s investment adviser to be of equivalent quality).

Fund Facts

Minimum Initial Investment $250
Shareholder Accounts (aggregated for all share classes; updated monthly) 2,987,243
Regular Dividends Paid March, June, September, December
Capital Gains Paid March, December
Fund Inception August 1, 1978
Fiscal Year-End December

The months indicated for dividends and capital gains paid represent the anticipated current year ex-dividend date schedule for all share classes.

Returns & Expenses

Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Results shown at net asset value have all distributions reinvested. If a sales charge had been deducted, the results would have been lower. Share price and return will vary, so investors may lose money. Investing for short periods makes losses more likely. Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value. Returns with sales charge for Class 529-A shares reflect payment of the 5.75% maximum sales charge at the beginning of the stated periods. Definitions and other important legal information about these prices and returns are shown below.

Rates of Return*

  Average Annual Total Returns
1 yr 3 yrs 5 yrs 10 yrs Fund Lifetime
March 31, 2014 (most recent month-end)
NAV 21.31% 12.38% 19.79% 8.87% 12.53%
With sales charge 14.35% 10.18% 18.38% 8.23% 12.34%
March 31, 2014 (most recent quarter-end)
NAV 21.31% 12.38% 19.79% 8.87% 12.53%
With sales charge 14.35% 10.18% 18.38% 8.23% 12.34%

Expense Ratios

Fundamental Investors 0.72%
Lipper Growth & Income Funds Average 1.13%

12-Month Distribution Rates

As of March 31, 2014 (updated monthly)

NAV 1.15%
With sales charge 1.09%

Annualized 30-Day SEC Yield

As of March 31, 2014 (updated monthly)

With sales charge 1.17%

Holdings

Largest Industry Holdings

% of net assets as of March 31, 2014 (updated quarterly)

Oil, gas & consumable fuels 7.6%
Media 7.3%
Aerospace & defense 5.4%
Pharmaceuticals 5.2%
Banks 5.0%
Semiconductors & semiconductor equipment 4.8%
Chemicals 4.2%
Software 3.9%
Internet & catalog retail 3.9%
Diversified financial services 3.1%

Portfolio Holdings

(updated quarterly, upon availability)

Asset Mix

as of March 31, 2014 (updated monthly)

U.S. Equities 82.4%
Non-U.S. Equities 13.3%
Cash & Equivalents 4.3%

Assets and Portfolio Turnover (for fiscal years)

Fiscal Year Fund Assets (billions) Portfolio Turnover
2013 $67.7 34%
2012 $52.0 28%
2011 $46.9 28%
2010 $49.8 32%
2009 $45.1 30%

Assets shown are for combined share classes.

Largest Equity Holdings

Percent of net assets as of March 31, 2014 (updated monthly)

1.

Amazon

Major online retailer of books, CDs, DVDs, toys, apparel, home furnishings and other products.

3.4%
2.

Microsoft

A world leader in software and Internet technologies. Its products include the Windows operating system and Office software.

3.1%
3.

Comcast

Provides media and television broadcasting services worldwide.

2.4%
4.

Google

One of the most frequently used website search engines in the world.

2.4%
5.

Boeing

Global manufacturer for the aerospace and defense industries.

2.2%
6.

Home Depot

The world's largest home improvement retailer.

2.0%
7.

Philip Morris International

One of the world's largest international tobacco companies.

1.9%
8.

Union Pacific

Operates the largest railroad in the U.S.; also delivers freight to Canada and Mexico.

1.8%
9.

Merck

Among the world's largest pharmaceutical companies, and a leader in cardiovascular medicine.

1.8%
10.

Wells Fargo

One of the largest banks in the U.S.

1.7%

Portfolio Managers

Number of years with American Funds or affiliates
Mark L. Casey 14
Brady L. Enright 17
Gregory D. Johnson 20
Michael T. Kerr 29
Ronald B. Morrow 17
Dina N. Perry 22
Martin Romo 21

(as of the prospectus dated March 1, 2014)

The portfolio managers shown are reflected in the fund’s most recent prospectus.

Important Legal Information

CollegeAmerica is sponsored by Virginia529. But you can invest no matter where you live, and your beneficiary can go to school in any state. However, if you reside in a state other than Virginia, there may be an in-state plan that offers tax and other benefits not available in CollegeAmerica. Before investing in any state’s 529 plan, you should consult your tax adviser.

Investing outside the United States involves risks, such as currency fluctuations, periods of illiquidity and price volatility, as more fully described in the prospectus. These risks may be heightened in connection with investments in developing countries.

* Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class 529-A shares were first offered on February 15, 2002. Class 529-A share results prior to the date of first sale are hypothetical based on Class A share results without a sales charge, adjusted for estimated additional annual expenses. View dates of first sale and specific expense adjustment information for Class 529-A shares.

  When applicable, investment results reflect fee waivers and/or expense reimbursements, without which results would have been lower. Read details about how waivers and/or reimbursements affect the results for each fund.

Source for Lipper expense ratio comparison: Lipper, based on front-end load funds, excluding funds of funds, for the most recent fiscal year-ends available as of March 31, 2014. The fund’s expense ratio is as of the fund’s prospectus. The expense ratios do not reflect sales charges.

The SEC yield reflects the rate at which the fund is earning income on its current portfolio of securities, while the distribution rate reflects the fund's past dividends paid to shareholders. Accordingly, the fund's SEC yield and distribution rate may differ.


Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses, summary prospectuses and CollegeAmerica Program Description, which can be obtained from a financial professional and should be read carefully before investing. CollegeAmerica is distributed by American Funds Distributors® and sold through unaffiliated intermediaries.