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Detailed Fund Information

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

American Funds Growth PortfolioSM (portfolio series fund)

CollegeAmerica® Plans

Class 529-A shares

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How do the share classes differ?

Daily Prices

Updated April 16, 2014, 3:11PM Pacific time

Net Asset Value (NAV) $14.58
NAV Change $0.16
Maximum Offering Price (MOP) $15.47

(All prices are subject to revision.)

Historical Prices & Distributions

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Ticker Symbols & Fund Numbers

Fund Number 1053
Ticker/Quotron Symbol CGPAX
CUSIP Number 02630R 73 2

Fund Description

Fund Objective The fund's investment objective is to provide long-term growth of capital.
Distinguishing Characteristics The fund will attempt to achieve its investment objectives by investing in a mix of American Funds in different combinations and weightings.
Types of Investments The underlying American Funds will primarily consist of growth funds and growth-and-income funds, which principally invest in equity securities and which may have significant holdings of issuers domiciled outside the United States.

Fund Facts

Minimum Initial Investment $250
Shareholder Accounts (aggregated for all share classes; updated monthly) 104,833
Regular Dividends Paid December
Capital Gains Paid
Fund Inception May 18, 2012
Fiscal Year-End October

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

Investments

Assets and Portfolio Turnover (for fiscal years)

Fiscal Year Fund Assets (millions) Portfolio Turnover
2013 $993.4 0%
2012 $171.6 24%

Assets shown are for combined share classes.

Underlying Funds**

as of March 31, 2014 (updated quarterly)

Growth Funds: 70.0%
AMCAP Fund® 30.0%
EuroPacific Growth Fund® 25.0%
SMALLCAP World Fund® 15.0%
Growth-and-Income Funds: 30.0%
Fundamental InvestorsSM 30.0%

View Portfolio holdings
as of March 31, 2014 (updated quarterly, upon availability)

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 22.10% 24.42%
With sales charge 15.12% 20.54%
March 31, 2014 (most recent quarter-end)
NAV 22.10% 24.42%
With sales charge 15.12% 20.54%

Expense Ratios

American Funds Growth Portfolio (net) 0.83%
American Funds Growth Portfolio (gross) 0.93%
Lipper Growth Funds Average 1.49%

12-Month Distribution Rates

As of March 31, 2014 (updated monthly)

NAV 0.51%
With sales charge 0.48%

Annualized 30-Day SEC Yield

As of March 31, 2014 (updated monthly)

With sales charge 0.43%

Composition

Largest Industry Holdings

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

Banks 5.4%
Pharmaceuticals 5.2%
Biotechnology 4.8%
Oil, gas & consumable fuels 4.7%
Semiconductors & semiconductor equipment 4.5%
Media 4.1%
Software 3.8%
Internet software & services 3.4%
Aerospace & defense 2.9%
Internet & catalog retail 2.8%

Asset Mix

% of net assets of underlying American Funds as of March 31, 2014 (updated monthly)

U.S. Equities 56.3%
Non-U.S. Equities 35.4%
U.S. Bonds 0.1%
Non-U.S. Bonds 0.0%
Cash & Equivalents 8.2%

Geographic Breakdown

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

United States 56.4%
Europe 19.9%
Asia & Pacific Basin 12.6%
Other (Including Canada & Latin America) 2.9%
Cash & equivalents 8.2%

Assets and Portfolio Turnover (for fiscal years)

Fiscal Year Fund Assets (millions) Portfolio Turnover
2013 $993.4 0%
2012 $171.6 24%

Assets shown are for combined share classes.

Portfolio Oversight Committee

Number of years with American Funds or affiliates
Alan N. Berro 23
James B. Lovelace 32
Wesley K.-S. Phoa 15
John H. Smet 30
Andrew B. Suzman 21
Bradley J. Vogt 26

(as of the prospectus dated January 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.

For fund of funds, investment allocations may not achieve fund objectives. There are expenses associated with the underlying funds in addition to fund of funds expenses. The fund's risks are directly related to the risks of the underlying funds as described below. For more information about the risks associated with each underlying fund, go to its detailed fund information page or read its prospectus.

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. Small-company stocks entail additional risks, and they can fluctuate in price more than larger company stocks.

* Investment results assume all distributions are reinvested and reflect applicable fees and expenses. The investment adviser is currently waiving its management fee of 0.10%. Investment results shown reflect the waiver, without which the results would have been lower. This waiver will be in effect through at least December 31, 2014, unless modified or terminated by the fund's board. The waiver may only be modified or terminated with the approval of the fund's board.

  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 of funds, including the weighted average expenses of the underlying funds. The industry expense ratio is 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 investment adviser is currently waiving its management fee of 0.10%. Net expense ratios shown reflect the waiver, without which the expenses would have been higher. This waiver will be in effect through at least December 31, 2014, unless modified or terminated by the fund’s board. The waiver may only be modified or terminated with the approval of the fund’s board. Expense ratios are estimated as of each fund’s prospectus and include the weighted average expenses of the underlying funds.

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.

** Allocation percentages and underlying funds are subject to the Portfolio Oversight Committee's discretion and will evolve over time. Underlying funds may be added or removed during the year.


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.