CFTAX: American Funds College 2024 Fund - MutualFunds.com
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CFTAX - Snapshot

Vitals

  • YTD Return 2.3%
  • 3 Yr Annualized Return 6.1%
  • 5 Yr Annualized Return 5.2%
  • Net Assets $3.04 B
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$12.65
$12.26
$12.94

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.66%

SALES FEES

  • Front Load 3.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 13.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $250
  • IRA $25

Fund Classification


Compare CFTAX to Popular U.S. Conservative Allocation Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.87

0.00%

$6.31 B

1.12%

$0.17

2.76%

0.51%

$17.55

-0.06%

$5.98 B

1.55%

$0.27

1.45%

0.11%

$13.87

-0.29%

$4.64 B

4.33%

$0.60

3.90%

0.68%

$12.65

0.00%

$3.04 B

2.95%

$0.37

2.35%

0.66%

$13.55

-0.22%

$2.97 B

1.57%

$0.21

4.88%

1.09%

CFTAX - Profile

Distributions

  • YTD Total Return 2.3%
  • 3 Yr Annualized Total Return 4.9%
  • 5 Yr Annualized Total Return 4.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.72%
DIVIDENDS
  • Dividend Yield 2.9%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    American Funds College 2024 Fund
  • Fund Family Name
    American Funds
  • Inception Date
    Sep 14, 2012
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Wesley Phoa

Fund Description

The fund will increasingly emphasize income and preservation of capital by investing a greater portion of its assets in fixed income, equity-income and balanced funds as it approaches and passes its target date. The adviser will attempt to achieve the fund's 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, including growth-and-income funds, equity-income funds, balanced funds and fixed income funds.


CFTAX - Performance

Return Ranking - Trailing

Period CFTAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -5.0% 11.2% 73.02%
1 Yr 6.0% 1.6% 32.6% 93.68%
3 Yr 6.1%* 0.6% 10.6% 73.48%
5 Yr 5.2%* -0.6% 10.1% 67.80%
10 Yr N/A* 1.9% 7.5% N/A

* Annualized

Return Ranking - Calendar

Period CFTAX Return Category Return Low Category Return High Rank in Category (%)
2020 1.7% -3.8% 11.1% 78.09%
2019 6.5% 3.0% 17.7% 80.57%
2018 -4.3% -18.4% -1.2% 5.33%
2017 5.1% -9.1% 22.0% 25.47%
2016 2.4% -3.4% 17.3% 54.42%

Total Return Ranking - Trailing

Period CFTAX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -5.0% 11.2% 73.02%
1 Yr 2.3% -0.9% 32.6% 98.44%
3 Yr 4.9%* -0.4% 10.6% 85.79%
5 Yr 4.5%* -0.9% 10.1% 79.89%
10 Yr N/A* 1.9% 7.5% N/A

* Annualized

Total Return Ranking - Calendar

Period CFTAX Return Category Return Low Category Return High Rank in Category (%)
2020 1.7% -3.8% 11.1% 78.09%
2019 6.5% 3.0% 17.7% 80.57%
2018 -4.3% -18.4% 0.4% 35.50%
2017 7.9% -3.3% 22.0% 21.12%
2016 6.0% -3.4% 19.9% 23.13%

NAV & Total Return History


CFTAX - Holdings

Concentration Analysis

CFTAX Category Low Category High CFTAX % Rank
Net Assets 3.04 B 1.36 M 6.31 B 8.21%
Number of Holdings 8 3 4037 97.94%
Net Assets in Top 10 3.04 B 0 5.93 B 3.09%
Weighting of Top 10 N/A 5.7% 100.0% 3.68%

Top 10 Holdings

  1. American Funds Interm Bd Fd of Amer R6 34.12%
  2. American Funds Bond Fund of Amer R6 17.73%
  3. American Funds Mortgage R6 14.98%
  4. American Funds Strategic Bond R-6 9.75%
  5. American Funds American Mutual R6 9.12%
  6. American Funds Income Fund of Amer R6 9.11%
  7. American Funds ST Bd Fd of Amer R6 5.23%

Asset Allocation

Weighting Return Low Return High CFTAX % Rank
Bonds
70.41% 0.00% 87.18% 31.63%
Stocks
15.42% -0.28% 97.02% 90.31%
Cash
13.18% -10.56% 100.00% 19.07%
Convertible Bonds
0.85% 0.00% 12.54% 70.10%
Preferred Stocks
0.14% 0.00% 40.17% 54.64%
Other
0.00% -5.84% 28.01% 92.78%

Stock Sector Breakdown

Weighting Return Low Return High CFTAX % Rank
Financial Services
16.64% 0.00% 30.39% 23.83%
Healthcare
14.63% 0.00% 27.68% 15.54%
Technology
12.23% 0.00% 30.70% 74.61%
Industrials
11.86% 0.13% 20.99% 27.46%
Consumer Defense
10.64% 0.00% 23.86% 9.84%
Utilities
7.60% 0.00% 76.26% 15.03%
Communication Services
5.79% 0.00% 11.76% 77.72%
Energy
5.62% 0.00% 25.66% 16.06%
Real Estate
5.30% 0.00% 86.06% 41.97%
Basic Materials
5.09% 0.00% 17.38% 31.09%
Consumer Cyclical
4.59% 0.00% 15.97% 89.64%

Stock Geographic Breakdown

Weighting Return Low Return High CFTAX % Rank
US
12.46% -0.32% 32.51% 80.93%
Non US
2.96% -2.44% 16.63% 79.90%

Bond Sector Breakdown

Weighting Return Low Return High CFTAX % Rank
Government
30.60% 0.00% 61.33% 30.93%
Securitized
26.61% 0.00% 41.87% 20.62%
Cash & Equivalents
23.93% 0.00% 100.00% 12.89%
Corporate
18.50% 0.00% 96.80% 91.75%
Municipal
0.37% 0.00% 21.67% 38.66%
Derivative
0.00% 0.00% 29.89% 96.91%

Bond Geographic Breakdown

Weighting Return Low Return High CFTAX % Rank
US
63.15% 0.00% 89.14% 20.10%
Non US
7.26% -20.63% 30.36% 67.53%

CFTAX - Expenses

Operational Fees

CFTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.66% 0.11% 3.09% 77.16%
Management Fee 0.00% 0.00% 1.50% 17.44%
12b-1 Fee 0.24% 0.00% 1.00% 29.17%
Administrative Fee N/A 0.01% 0.70% 26.15%

Sales Fees

CFTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.50% 0.00% 5.75% 79.41%
Deferred Load N/A 1.00% 1.35% N/A

Trading Fees

CFTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CFTAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 13.00% 5.00% 394.00% 8.43%

CFTAX - Distributions

Dividend Yield Analysis

CFTAX Category Low Category High CFTAX % Rank
Dividend Yield 2.95% 0.00% 1.10% 92.89%

Dividend Distribution Analysis

CFTAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

CFTAX Category Low Category High CFTAX % Rank
Net Income Ratio 1.72% -0.89% 6.36% 69.68%

Capital Gain Distribution Analysis

CFTAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Dividend Payout History

View More +

CFTAX - Fund Manager Analysis

Managers

Wesley Phoa


Start Date

Tenure

Tenure Rank

Sep 14, 2012

8.8

8.8%

Wesley K. Phoa is a solutions portfolio manager at Capital Group. His focus is on fund-of-funds and multi-asset solutions. He has 25 years of investment experience and has been with Capital Group for 20 years. Earlier in his career at Capital, Wesley served as a fixed income portfolio manager with a focus on rates-driven and long duration strategies. His areas of research responsibility included interest rates, monetary policy and financial economics. He has also been involved in the development of several fund-of-funds strategies and custom solutions for institutional clients. Prior to joining Capital, he was director of research with Capital Management Sciences and a quantitative analyst with Deutsche Bank in Australia. He holds a PhD in pure mathematics from Trinity College at the University of Cambridge and a bachelor’s degree with honors from the Australian National University. He is an elected member of the Conference of Business Economists and the International Conference of Commercial Bank Economists. He sits on the editorial board of The Journal of Portfolio Management. Wesley is based in Los Angeles.

Bradley Vogt


Start Date

Tenure

Tenure Rank

Sep 14, 2012

8.8

8.8%

Bradley J. Vogt is an equity portfolio manager at Capital Group. He is chairman of Capital Research Company. and serves on the Capital Group Companies Management Committee. Brad began his career at Capital as a participant in The Associates Program, a two-year series of work assignments in various areas of the organization. He holds a bachelor’s degree in international politics and economics from Wesleyan University. Brad is based in Washington, D.C.

Jody Jonsson


Start Date

Tenure

Tenure Rank

Jan 01, 2015

6.5

6.5%

Joanna F. Jonsson is an equity portfolio manager at Capital Group. She has 30 years of investment experience and has been with Capital Group for 28 years. As an equity analyst at Capital, her coverage included insurance, U.S. household & personal care, restaurants & lodging and cruise lines companies. Jody holds an MBA from Stanford Graduate School of Business and a bachelor’s degree in economics from Princeton University graduating cum laude. She holds the Chartered Financial Analyst® designation and is a member of the CFA Institute. Jody is based in Los Angeles.

Samir Mathur


Start Date

Tenure

Tenure Rank

Jan 01, 2020

1.5

1.5%

Samir Mathur is a solutions portfolio manager at Capital Group. His focus is on fund-of-funds and multi-asset solutions. Samir serves on the Target Date Solutions Committee and the Portfolio Solutions Committee. He has 27 years of investment industry experience and has been with Capital Group for seven years. During his tenure at Capital, Samir has led the development of fund-of-funds solutions and several model portfolios, including tax-aware portfolio models, portfolio sleeves and model portfolios for our insurance series of funds. Prior to joining Capital, Samir was a managing director for

David Hoag


Start Date

Tenure

Tenure Rank

Jan 01, 2020

1.5

1.5%

David A. Hoag is a fixed income portfolio manager at Capital Group. He also serves on the Fixed Income Management Committee and the Target Date Solutions Committee. He has 32 years of investment experience and has been with Capital Group for 28 years. Earlier in his career, as a fixed income investment analyst at Capital, he covered municipal bonds. Prior to joining Capital, David worked as a municipal bond analyst for Van Kampen Merritt Investment Advisory Corp. in Lisle, Illinois. He holds an MBA in finance from the University of Chicago Booth School of Business.

Michelle Black


Start Date

Tenure

Tenure Rank

Jan 01, 2020

1.5

1.5%

Michelle J. Black is a solutions portfolio manager at Capital Group. Her focus is on fund-of-funds and multi-asset solutions. Michelle serves on the Target Date Solutions Committee and the Portfolio Solutions Committee. She has 25 years of investment industry experience and has been with Capital Group for 18 years. During her tenure at Capital, Michelle led the development of asset allocation design for private high-net-worth clients. She has been deeply involved in glide path development for our target date series, and also worked as an asset allocation investment specialist out of our London office, where she helped construct multi-asset solutions for global institutions. Prior to joining Capital, Michelle was manager of the Los Angeles office and an investment planning analyst at Sanford C. Bernstein & Co. She holds a bachelor’s degree in business administration from the University of Southern California. She also holds the Certified Investment Management Analyst® and Certified Private Wealth Advisor® designations, is a member of the Investments & Wealth Institute and serves on the CIMA commission. Michelle is based in Los Angeles.

Shannon Ward


Start Date

Tenure

Tenure Rank

Jan 01, 2021

0.49

0.5%

Shannon Ward is a fixed income portfolio manager at Capital Group. She has 26 years of investment industry experience and has been with Capital Group for two years. Prior to joining Capital, Shannon worked as a portfolio manager at Oaktree Capital Management. She holds an MBA from the University of Southern California and a bachelor's degree in psychology from University of California, Santa Barbara. Shannon is based in Los Angeles.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 26.77 5.3 1.5