CDJAX

About CDJAX

American Funds College 2039 Fund 529-A is an actively managed allocation fund designed as part of a 529 college savings plan. Its primary function is to help families save for future education expenses by gradually transitioning its investment strategy as the target date—2039—approaches. The fund starts with a growth-oriented portfolio, heavily weighted toward U.S. and international equities, and then systematically increases allocations to fixed income and capital preservation assets over time. As of mid-2025, its holdings reflect a balanced approach: approximately 55% in U.S. equities, 23% in non-U.S. equities, and 17% in bonds, with the remainder in cash and equivalents. The fund pools investments across multiple underlying American Funds strategies, providing broad diversification and professional management. It aims to ride market growth early on, then reduce risk and seek income generation as the enrollment date nears, aligning with the changing time horizon and risk tolerance of college savers. This structure makes it a relevant tool for individuals planning higher education funding within a defined time frame.