American Funds College 2036 Fund - CTAFX | American Funds
Purchase Restrictions: Class 529-F-1 share funds are available only for CollegeAmerica accounts sold through Registered Investment Advisors.


Price at NAV $9.56 as of 12/11/2018 (updated daily)
Fund Assets (millions) $104.4
Portfolio Oversight Committee Members 7
Expense Ratio 0.67%

Asset Mix

U.S. Equities43.9%
Non-U.S. Equities35.3%
U.S. Bonds10.7%
Non-U.S. Bonds3.7%
Cash & Equivalents6.4%
As of 10/31/2018 (updated monthly)

Fund Statistics

6.7 years
Average Life
5.9 years
Effective Duration
Average Yield
to Worst
Average Coupon
% of net assets as of 9/30/2018 (updated quarterly)

Market Capitalization

$75,003.56 Million
Weighted Average

As of 9/30/2018 (updated quarterly). Morningstar data as of 9/30/2018 (updated quarterly).

Growth of 10K

529-F-1 Share data is not available

High & Low Prices

Returns at NAV

Returns with Sales Charge

1-year return
5-year return
Lifetime return
30-Day SEC Yield Fund at NAV
Returns as of -- (updated monthly). Yield as of 11/30/18 (updated monthly).


Fund Objective
The fund will seek to achieve the following objectives to varying degrees: growth, income and preservation of capital, depending on the proximity to its target date. The target date is meant to roughly correspond to the year in which the fund beneficiary will start to withdraw funds to meet higher education expenses. The fund will increasingly emphasize income and preservation of capital by investing a greater portion of its assets in bond, equity-income and balanced funds as it approaches and passes its target date. In this way, the fund seeks to achieve an appropriate balance of total return and stability during different time periods.

Fund Facts

Fund Inception 2/09/2018
Fund Assets (millions)
As of 11/30/2018
Shareholder Accounts
Shareholder accounts are as of 10/31/2018
Regular Dividends Paid Dec
Minimum Initial Investment $250
Capital Gains Paid Dec
Portfolio Turnover (2018) 0%
Fiscal Year-End Oct
Prospectus Date 02/09/2018
CUSIP 02629M 25 6
Fund Number 14125


Month-End Returns as of 11/30/18

Quarter-End Returns as of 9/30/18

Volatility & Return

Volatility & Return chart is not available for funds less than 10 years old.


Distribution Rates 30-day SEC Yield
Fund at NAV --% 1.50%
Fund at MOP N/A N/A
As of 11/30/2018 (updated monthly)


Price/ Price/ Price/
Book Cash Flow Earnings
Fund 2.33 6.56 15.60
Standard & Poor's 500 Composite Index 3.01 12.96 17.03
Fund as of 9/30/18. Index as of 11/30/18.

Portfolio Oversight Committee

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Alan N. Berro 1 27 32
Joanna F. Jonsson 1 27 29
James B. Lovelace 1 36
Wesley Phoa 1 19 24
John H. Smet 1 35 36
Andrew B. Suzman 1 24
Bradley J. Vogt 1 30
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Morningstar Rating TM

Overall Morningstar RatingTM
Funds rated(--)
3-yr. Morningstar RatingTM
(-- funds rated)
5-yr. Morningstar RatingTM
(-- funds rated)
10-yr. Morningstar RatingTM
(-- funds rated)
Overall Morningstar Risk --
Category Allocation--85%+ Equity
Ratings are based on risk-adjusted returns as of -- (updated monthly).

Risk Measures

Standard Deviation --
Sharpe Ratio --
For the ending 11/30/18 (updated monthly).
American Funds
Standard & Poor's 500 Composite Index Morningstar Mod Tgt Risk TR USD
R-squared -- --
Beta -- --
Capture Ratio (Downside/Upside) --/-- --/--
American Funds Benchmark for the ending -- (updated monthly).
Morningstar Benchmark for the ending 11/30/18 (updated monthly).
U.S. Treasuries/Agencies
CCC & Below
Cash & equivalents
% of net assets as of 9/30/2018 (updated quarterly)


Equities Breakdown

Equity Fund Holdings
Information technology 18.5%
Consumer discretionary 11.5%
Financials 11.0%
Health care 10.5%
Energy 7.5%
Industrials 7.2%
Consumer staples 6.1%
Materials 4.4%
Utilities 1.9%
Telecommunication services 1.8%
Real estate 1.4%

% of net assets as of 9/30/2018 (updated quarterly)

Bonds Breakdown

Geographic Breakdown

United States
Asia & Pacific Basin
Other (Including Canada & Latin America)
Cash & equivalents
% of net assets as of 9/30/2018 (updated quarterly)

Prices & Distributions

Historical Prices Month-End

Historical Prices Year-End

Historical Distributions

Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
No data available for 2017
2017 Year-to-Date: Dividends Subtotal: -- Cap Gains Subtotal: --
Total Distributions: --

Fees & Expenses


Annual Management Fees 0.00%
Other Expenses 0.27%
Service 12b-1 0.00%
As of each fund's most recent prospectus.

Expense Ratio

Gross Net
CTAFX 0.67% 0.64%
Lipper Mixed-Asset Target 2040 Funds Average 0.93%
Fund as of most recent prospectus. Lipper Category as of 1/31/18 (updated monthly).

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. Share prices and returns will vary, so investors may lose money. Investing for short periods makes losses more likely. View fund expense ratios and returns.

Returns shown at net asset value (NAV) have all distributions reinvested.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

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, Inc. and sold through unaffiliated intermediaries.

Fund shares of U.S. Government Securities Fund are not guaranteed by the U.S. government.

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. Diversification does not eliminate the risks of investing; losses are possible in diversified portfolios.

The return of principal for bond funds and for funds with significant underlying bond holdings is not guaranteed. Fund shares are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings. Lower rated bonds are subject to greater fluctuations in value and risk of loss of income and principal than higher rated bonds.

For more information about the risks associated with each fund, go to its detailed fund information page or read the prospectus. Investment allocations for funds of funds may not achieve fund objectives. There are expenses associated with the underlying funds in addition to fund-of-funds expenses. The funds' risks are directly related to the risks of the underlying funds, as described herein. Each target date fund is composed of a mix of the American Funds and is subject to the risks and returns of the underlying funds. Underlying funds may be added or removed during the year. The target allocations are as of January 1, 2018, and are subject to the Portfolio Oversight Committee's discretion. The funds’ investment adviser anticipates that the funds will invest their assets within a range that deviates no more than 10% above or below these allocations. Investment professionals gradually adjust the portfolio over time so that it becomes more preservation-oriented. The funds' allocation strategy does not guarantee that investors' education savings goals will be met. The target date is the year in which the beneficiary is expected to begin taking withdrawals. Investors and their advisors should periodically evaluate their investment to determine whether it continues to meet their needs.

Depending on your state of residence, there may be an in-state plan that provides state tax and other state benefits, such as financial aid, scholarship funds and protection from creditors, not available through CollegeAmerica. Before investing in any state's 529 plan, investors should consult a tax advisor. CollegeAmerica is sponsored by Virginia529℠. 

If withdrawals from 529 plans are used for purposes other than qualified education expenses, the earnings will be subject to a 10% federal tax penalty in addition to federal and, if applicable, state income tax.

There may have been periods when the fund(s) lagged the index(es). Certain market indexes are unmanaged and, therefore, have no expenses. Investors cannot invest directly in an index.

All Capital Group trademarks referenced are registered trademarks owned by The Capital Group Companies, Inc. or an affiliated company. All other company and product names mentioned are the trademarks or registered trademarks of their respective companies.

Funds are managed, so holdings will change.

Investment results assume all distributions are reinvested and reflect applicable fees and expenses.

For American Funds College 2036 Fund, the investment adviser is currently reimbursing a portion of other expenses through at least February 9, 2019, without which the results would have been lower and net expense ratios higher. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. Please see the fund's most recent prospectus for details. 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. View results and yields without fee waiver and/or expense reimbursement .

  1. Excludes certain securities in initial period of acquisition.
  2. Cash & equivalents includes short-term securities, accrued income and other assets less liabilities.
  3. Effective at the end of September 2018, Global Industry Classification Standard (GICS) sector classifications changed for a number of stocks in the information technology, consumer discretionary and telecommunication services sectors. S&P applied the changes to their indices after September 21, and MSCI will apply the changes to their indices after November 30. In order to maintain consistency, Capital Group has applied all the changes according to GICS Direct. Therefore, sector weights and returns will not match official index data from S&P for end of September 2018 and from MSCI for end of October and November 2018.
  4. Figures include convertible securities; totals may not reconcile due to rounding. Methodology notes: The equity breakdown by revenue reflects the fund’s publicly traded equity holdings and excludes cash (and fixed income securities, if applicable). Underlying revenue data were compiled by MSCI and account for disparities in the way companies report their revenues across geographic segments. MSCI breaks out each company’s reported revenues into country-by-country estimates. MSCI provides revenue data figures based on a proprietary, standardized model. Revenue exposure at the fund and index level was calculated by using FactSet, which takes these company revenue exposures and multiplies by the company’s weighting in the portfolio and index. In this breakdown, Israel has been included in Europe.
  5. The portfolio managers shown are as of the fund's most recent prospectus dated 02/09/2018.
  6. For funds of funds, figures are based on holdings of the underlying funds as of date shown.
  7. 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 at any time.
  8. Lipper ratings for Consistent Return reflect funds’ historical risk-adjusted returns at NAV, adjusted for volatility, relative to peers. Lipper ratings for Expense reflect funds’ expense minimization relative to peers with similar load structures. Lipper ratings for Preservation reflect funds’ historical loss avoidance relative to other funds within the same asset class. Preservation ratings are relative, rather than absolute, measures, and funds named Lipper Leaders for Preservation may still experience losses periodically; those losses may be larger for equity and mixed equity funds than for fixed income funds. Lipper ratings for Tax Efficiency reflect funds’ historical success in postponing taxable distributions relative to peers. Tax Efficiency offers no benefit to investors in tax-sheltered accounts such as 401(k) plans. Lipper ratings for Total Return reflect funds’ historical total return performance relative to peers. The Lipper ratings are subject to change every month and are based on an equal-weighted average of percentile ranks for the Total Return, Consistent Return, Preservation, Tax Efficiency and Expense metrics. The highest 20% of funds in each classification are named Lipper Leaders for Total Return, the next 20% receive a rating of 4, the middle 20% are rated 3, the next 20% are rated 2, and the lowest 20% are rated 1. Lipper ratings are not intended to predict future results, and Lipper does not guarantee the accuracy of this information. More information is available at Lipper Leader © 2018, Thomson Reuters, All Rights Reserved.
  9. Calculated by American Funds. Due to differing calculation methods, the figures shown here may differ from those calculated by Morningstar.
  10. Calculated by Morningstar. Due to differing calculation methods, the figures shown here may differ from those calculated by American Funds.
  11. The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Past results are not guarantee of results in future periods. Morningstar Rating is for Class 529-F-1 only; other classes may have different performance characteristics.
  12. The months indicated for dividends and capital gains paid represent the anticipated current year ex-dividend date schedule for all share classes.
  13. YTD (year-to-date return): the net change in the value of the fund’s shares (in percentage terms) from January 1 of the current year to the date shown above.
  14. Bond ratings, which typically range from AAA/Aaa (highest) to D (lowest), are assigned by credit rating agencies such as Standard & Poor's, Moody's and/or Fitch, as an indication of an issuer's creditworthiness. If agency ratings differ, the security will be considered to have received the highest of those ratings, consistent with the fund's investment policies. Securities in the Unrated category have not been rated by a rating agency; however, the investment adviser performs its own credit analysis and assigns comparable ratings that are used for compliance with fund investment policies.
  15. Expense ratios for funds of funds are as of the most recent prospectus, and include the weighted average expenses of the underlying funds. The expense ratios for American Funds College 2036 Fund are estimated.
  16. Source for Lipper expense ratio comparison: Lipper, based on front-end and no-load funds of funds, including the weighted average expenses of the underlying funds, for the most recent fiscal year-ends available as of 9/30/2018.

Securities offered through American Funds Distributors, Inc.

Content contained herein is not intended to serve as impartial investment or fiduciary advice. The content has been developed by Capital Group, which receives fees for managing, distributing and/or servicing its investments.

©2018 Morningstar, Inc. All Rights Reserved. Some of the information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar, its content providers nor the American Funds are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Information is calculated by Morningstar. Due to differing calculation methods, the figures shown here may differ from those calculated by American Funds.

Terms and Definitions

Beta: Beta relatively measures sensitivity to market movements over a specified period of time. The beta of the market (represented by the benchmark index) is equal to 1; a beta higher than 1 implies that a return was more volatile than the market. A beta lower than 1 suggests that a return was less volatile than the market. Generally the higher the R-squared measure, the more reliable the beta measurement will be.

Bond Statistic Average Coupon: The average coupon is the weighted average coupon rate of all the bond holdings.

Bond Statistic Average Duration in Years: Expressed in years, average duration is a weighted average of the estimated price sensitivity of the bond holdings to a given change in interest rates. With respect to individual bonds, for example, a duration of 4 years indicates that the price of a bond will rise/fall by approximately 4% if rates in general fall/rise by 1%. Typically, bonds with a longer duration pay higher interest but are more sensitive to interest rate changes.

Bond Statistic Average Life in Years: Expressed in years, average life is time weighting the expected principal payments, taking into consideration the impact of calls and prepayments. In general, it is a better measure than average maturity for bonds that have the ability to prepay principal before they reach maturity (e.g., mortgages, mortgage-backed securities and asset-backed securities). Data shown is a weighted average of the bond holdings.

Bond Statistic Average Yield to Maturity: A weighted average of all the bond holding's yield to maturities. Yield to maturity is the return a bond earns if held to maturity, based on its price and coupon. Assumes that coupon payments can be reinvested at the yield to maturity.

Bond Statistic Effective Duration in Years: Effective Duration is a duration calculation for bonds that takes into account that expected cash flows will fluctuate as interest rates change.

Capture Ratio Downside: Specifies how well benchmark results have matched during declining market periods. A downside capture ratio less than 100 indicates the strategy lost less than the index in negative monthly return periods.

Capture Ratio Upside: Specifies how well benchmark results have matched during rising market periods. An upside capture ratio above 100 indicates the strategy gained more than a market index in positive monthly return periods.

Morningstar rating: In an effort to classify funds by what they own, as well as by their prospectus objectives and styles, Morningstar developed Morningstar Categories. While the prospectus objective identifies a fund's investment goals based on the wording in the fund prospectus, the Morningstar Category identifies funds based on their actual investment styles as measured by their underlying portfolio holdings (portfolio and other statistics over the past three years).

R-Squared: R-squared is a measure of the correlation between a particular return and that of a benchmark index. A measure of 100 indicates that all of the return can be explained by movements in the benchmark. Generally the higher the R-squared measure, the more reliable the beta measurement will be.

S&P 500: A market capitalization-weighted index based on the results of approximately 500 widely held common stocks.

Standard Deviation: Annualized standard deviation (based on monthly returns) is a common measure of absolute volatility that tells how returns over time have varied from the mean. A lower number signifies lower volatility. Calculated by Morningstar.

Valuation Price-to-Cash Flow: Price-to-cash-flow (P/C) ratio is the average price to cash flow ratio of the individual stocks within a fund.

Valuation Price-to-Earnings Ratio: Price-to-earnings (P/E) ratio takes the current price of a stock divided by its earnings per share. The ratio reflects the cost of a given stock per dollar of current annual earnings and is the most common measure of a stock's expense. The higher the P/E, the more investors are paying, and therefore the more earnings growth they are expecting.

Valuation: Price-to-book ratio compares a stock's market value to the value of total assets less total liabilities (book value). Adjusted for stock splits. Price-to-cash-flow (P/C) ratio is the average price to cash flow ratio of the individual stocks within a fund. Price-to-earnings (P/E) ratio takes the current price of a stock divided by its earnings per share. The ratio reflects the cost of a given stock per dollar of current annual earnings and is the most common measure of a stock's expense. The higher the P/E, the more investors are paying, and therefore the more earnings growth they are expecting.