CTJCX

About CTJCX

American Funds College 2039 529-C is a target date mutual fund designed specifically for education savings within a 529 plan structure. Its primary function is to help families save for future college expenses, with a glide path that automatically adjusts the portfolio’s risk profile as the designated target year—2039—approaches. At inception, the fund is tilted toward growth, investing predominantly in U.S. and non-U.S. equities (with recent allocations of over 55% in U.S. equities and about 22% in non-U.S. stocks), complemented by allocations to fixed income securities and a smaller portion in cash or equivalents. The fund is actively managed by American Funds and periodically reallocates its assets to reduce volatility, emphasizing income and capital preservation as the college start date nears. It serves a nationally available investor base through Virginia’s CollegeAmerica 529 plan, offering families a structured, professionally managed way to pursue education funding goals. With over $1.3 billion in assets and a standard minimum initial investment, it plays a significant role in the education savings landscape by balancing growth potential and risk management as beneficiaries get closer to college age.