CENEX

About CENEX

American Funds College Enrollment Fund Class 529-E is a target-enrollment mutual fund designed for 529 plan savers approaching or already in the college spending phase. Its primary objective is to provide current income while emphasizing preservation of capital, reflecting a conservative allocation tailored for near‑term education expenses. The portfolio is predominantly invested in high‑quality fixed income through underlying American Funds, with a heavy weighting to U.S. bonds and shorter interest rate exposure to manage volatility and sequence‑of‑withdrawal risk. Equity exposure is modest and broadly diversified across U.S. and non‑U.S. sectors to offer a limited growth cushion without dominating the fund’s risk profile. The strategy uses a fund‑of‑funds structure, rebalancing to maintain a short‑to‑intermediate duration bond core and selective credit exposure, complemented by small allocations to balanced and equity strategies. With a long-standing inception and disciplined process, it serves as a conservative anchor within education savings, aligning asset mix to the needs of families transitioning from accumulation to tuition payments. The fund distributes income annually and targets consistent outcomes through low turnover and a benchmark-aware, risk‑managed approach.