CENAX

About CENAX

American Funds College Enrollment Fund Class 529-A is a 529 college savings target-date mutual fund designed to provide current income while emphasizing preservation of capital as beneficiaries approach enrollment. The portfolio is implemented as a fund-of-funds, primarily allocating to American Funds’ short- and intermediate-term investment‑grade bond strategies, along with targeted exposure to mortgage-backed securities and a modest sleeve in balanced and equity income strategies to help maintain purchasing power. Its construction places it in the short‑term bond category, reflecting limited interest‑rate sensitivity and a conservative risk profile appropriate for near‑term education expenses. The fund is actively managed by Capital Group, which adjusts allocations over time to maintain income generation and capital stability. Minimum initial investment levels are accessible for many savers, and the share class includes a front load with an ongoing expense ratio typical for 529 A shares. By focusing on high‑quality fixed income and selective diversification across affiliated funds, American Funds College Enrollment Fund Class 529-A serves as a conservative endpoint option within college savings glide paths, aiming to match education‑time horizons with lower volatility.