CTAEX

About CTAEX

American Funds College 2039 Fund 529-E is an open-end mutual fund designed to support college savings through a 529 plan structure. Its primary purpose is to help families accumulate assets over time to fund future educational expenses, targeting students expected to enter college around the year 2039. The fund implements a "glide path" investment strategy, initially emphasizing equity exposure to promote asset growth when beneficiaries are far from college age. As the target year approaches, the allocation gradually becomes more conservative, shifting toward fixed income and equity-income securities to prioritize income generation, capital preservation, and risk mitigation. Notably, the fund is diversified across U.S. and international equities as well as bonds, featuring significant exposure to sectors such as energy, utilities, and real estate. Managed by Capital Group, the fund combines disciplined asset allocation with active management, adjusting its mix as the beneficiary nears enrollment. With a moderate expense ratio and a focus on total return, it offers an accessible entry point for investors seeking a long-term, structured approach to education financing within the American Funds College Target Date Series.