Address And Details

333 S Hope St , Los Angeles, CA 90071
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The fund will seek to achieve the following objectives to varying degrees: growth, income and preservation of capital, depending on the proximity to its target date. The target date is meant to roughly correspond to the year in which the fund beneficiary will start to withdraw funds to meet higher education expenses. The fund will increasingly emphasize income and preservation of capital by investing a greater portion of its assets in bond, equity-income and balanced funds as it approaches and passes its target date. In this way, the fund seeks to achieve an appropriate balance of total return and stability during different time periods. The fund will attempt to achieve its investment objectives by investing in a mix of American Funds in different combinations and weightings. The underlying American Funds represent a variety of fund categories such as growth-and-income funds, equity-income funds, balanced funds and bond funds. The fund categories represent differing investment objectives. For example, growth-and-income funds seek long-term growth-and-income primarily through investments in stocks. Equity-income and balanced funds generally strive for income and growth through stocks and/or bond investments, while bond funds seek current income through bond investments. The fund is designed for investors who plan to attend college in, or close to, the year designated in the funds name. The investment adviser may periodically rebalance or modify the asset mix of the funds and change the underlying fund investments. According to its current investment approach, the percentage of the fund invested in different categories will change until the fund reaches its target date. Upon reaching its target date, the fund will be principally invested in fixed-income funds and may merge into the Enrollment Fund, which will also be principally invested in fixed-income funds. The fund s investment adviser periodically reviews the investment strategies and asset mix of the underlying funds. The investment adviser will also consider whether overall market conditions would favor a change in the exposure of the fund to various asset types or geographic regions. Based on these considerations, the investment adviser may make adjustments to underlying fund holdings by adjusting the percentage of individual underlying funds within the fund, or adding or removing underlying funds. The investment adviser may also determine not to change the underlying fund allocations, particularly in response to short-term market movements, if in its opinion the combination of underlying funds is appropriate to meet the funds investment objective. With respect to its fixed-income investments, the underlying funds in which the fund invests may hold debt securities with a wide range of quality and maturities. The fund may invest in underlying funds with significant exposure to bonds rated BB + or below and Ba1 or below by Nationally Recognized Statistical Rating Organizations designated by the funds investment adviser, or unrated but determined by the funds investment adviser to be of equivalent quality. Securities rated BB+ or below and Ba1 or below are sometimes referred to as junk bonds. Exposure to lower rated securities may help the fund achieve its objective of providing current income. The underlying funds may hold securities issued and guaranteed by the U.S. government, securities issued by federal agencies and instrumentalities and securities backed by mortgages or other assets. The underlying funds may also invest in the debt securities of governments, agencies, corporations and other entities domiciled outside the United States.

Net Asset Value

as of 5:20 PM ET 10/22/2021

Performance

  • 1 Week
  • +0.46%
  • 1 Month
  • +0.86%
  • 3 Months
  • +1.32%
  • 1 Yr Return
  • +7.51%
  • 5 Yr Return
  • +21.20%

Equity Sector Breakdown

Finance 100.03%
ConsumerDurables n/a
Energy n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Other 100.03%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Stocks -0.04%
Total Net Assets 74.95 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 0.14 -0.20 n/a
Beta 0.46 0.46 n/a
R Squared 0.95 0.91 n/a
Std Deviation 8.96 7.41 n/a
Sharpe Ratio 0.85 0.99 n/a

Purchase Information

as of 5:27 PM ET 10/20/2021
Minimum Initial $250
Minimum Additional $50
Minimum Initial IRA $25

Performance

Timeframe Average Annual Current Performance Monthly As Of 09/30/2021 Average Annual Current Performance Quarterly As Of 09/30/2021 Avg Annual Current Performance Monthly As Of 09/30/2021 Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year
  • +12.17%
  • +12.17%
+12.17% +12.17%
3 Year
  • +8.29%
  • +8.29%
+8.29% +8.29%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • +8.24%
  • +8.24%
+8.24% +8.24%

Top 10 Holdings

Symbol Company Name % Of Assets
IGAAX AMERICAN FUNDS INTL GR & INC 9.09%
AMUSX US GOVERNMENT SECURITIES FD 8.90%
ANBAX AMERICAN FUNDS STRATEGIC BOND 5.33%
MFAAX AMERICAN FUNDS MORT FD 5.31%
ABNDX BOND FUND OF AMERICA 24.51%
AIBAX INTERMEDIATE BD FD OF AMERICA 2.05%
AMECX ~THE INCOME FUND OF AMERICA 2.01%
AMRMX AMERICAN MUTUAL FUND INC 15.44%
AWSHX AMERICAN WA MUTUAL INVD CLS A 13.77%
GBLAX AMERICAN FUNDS GLOBAL BAL FD 13.62%

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