February 23, 2018
American Funds College Target Date Series® is making room for newborns – or anyone planning to enroll in college in 17 to 19 years. The College Target Date 2036SM Fund will be available to investors on February 23, 2018.1
As part of the series’ investment strategy, a fund is merged with the College Enrollment Fund® when it reaches its target enrollment date. It is anticipated that the merger of American Funds College 2018 Fund® will be completed by May 2018; however, the series reserves the right to delay the closing of the merger.
If you have questions or need additional details, please call (800) 421-0180.
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.
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.
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.
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.