Fund info

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.