Investment Fund

Summary

Internal Prompt
Price at NAV $13.43 as of 10/24/2025 (updated daily)
Fund Assets (millions) $1,772.2
Target Date Solutions Committee Members
8
Expense Ratio
(Gross/Net %)
0.84 / 0.84%
Quarterly Fund Fact Sheet (PDF)
Prospectus

Asset Mix

U.S. Equities55.4%
Non-U.S. Equities22.5%
U.S. Bonds15.8%
Non-U.S. Bonds2.7%
Cash & Equivalents
3.7%
As of 9/30/2025 (updated monthly)

Fund Statistics

4.9 years
Effective Duration
5.7%
Average Yield
to Maturity
5.5%
Average Coupon
% of net assets as of 9/30/2025 (updated monthly)
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Volatility & Return

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Volatility & Return chart is not available for funds less than 10 years old.

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Returns at NAV

Returns at MOP

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10.82%
1-year return
--
5-year return
7.29%
Lifetime return (3/26/21)
1.33%
30-Day SEC Yield
Returns as of 9/30/25 (updated monthly). Yield as of 9/30/25 (updated monthly).

Description

Objective
Depending on the proximity to its target date, the fund will seek to achieve the following objectives to varying degrees: growth, income and preservation of capital. 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 fixed income, 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.

Fund Facts

Fund Inception 3/26/2021
Fund Assets (millions)
As of 9/30/2025
 $1,772.2
Shareholder Accounts
Shareholder accounts are as of 9/30/2025
 78,097
Regular Dividends Paid
Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2024) 0%
Fiscal Year-End Oct
Prospectus Date 01/01/2025
CUSIP 02629M 223
Fund Number 10136

Returns

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Month-End Returns as of 9/30/25

Returns at NAV
| at MOP
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CDJAX
S&P 500 Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 9/30/25

Growth of 10K

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For Class 529-A Shares, this chart tracks a hypothetical investment with dividends reinvested, over the last 20 years, or since inception date if the fund has been in existence under 20 years, through 12/31/2024.
CDJAX
S&P 500 Index
VIEW LARGER CHART

High & Low Prices

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Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 1.07% N/A
Fund at MOP 1.04% 1.33%
As of 9/30/2025 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 3.49 13.86 19.65
S&P 500 Index
4.60 15.30 22.90
Fund as of 9/30/25. Index as of 9/30/25.

Target Date Solutions Committee

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
David Hoag 4 33 37
Samir Mathur 4 12 32
Raj Paramaguru 1 12 20
Wesley Phoa 4 26 32
Will Robbins 1 30 33
Jessica Spaly 2 21 26
Shannon Ward 4 8 32
Michelle Black 4 23 30
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Lipper Leader Scorecard

Over-all 3 yr. 5 yr. 10 yr.
Consistent Return Within Category
Funds Rated
(177)
(177)
Expense Within Category
Funds Rated
(27)
(27)
Preservation Within Category
Funds Rated
(4124)
(4124)
Tax Efficiency Within Category
Funds Rated
(177)
(177)
Total Return Within Category
Funds Rated
(177)
(177)
Category Mixed-Asset Target 2040 Funds
KEY
HIGHEST LOWEST
As of 9/30/2025 (updated monthly)

Risk Measures

Fund
Standard Deviation
11.95
Sharpe Ratio
1.24
For the 3 Years ending 9/30/25 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
S&P 500 Index
Morningstar Mod Tgt Risk TR USD
R-squared
93 91
Beta
0.86 1.17
Capture Ratio (Downside/Upside)
87/86 106/127
American Funds Benchmark for the 3 Years ending 8/31/25 (updated monthly).
Morningstar Benchmark for the 3 Years ending 9/30/25 (updated monthly).
U.S. Treasuries/Agencies
2.9%
AAA/Aaa
0.9%
AA/Aa
3.5%
A
1.8%
BBB/Baa
2.8%
BB/Ba
3.7%
B
1.8%
CCC & Below
0.7%
Unrated
0.4%
Cash & equivalents
3.6%
% of net assets as of 9/30/2025 (updated monthly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 20.1%
Industrials 12.1%
Financials 11.1%
Consumer discretionary 8.9%
Health care 7.5%
Communication services 6.8%
Consumer staples 4.2%
Materials 2.7%
Energy 2.0%
Utilities 1.5%
Real estate 0.9%

% of net assets as of 9/30/2025 (updated monthly)

Bonds Breakdown

Geographic Breakdown

Regions
United States
71.1%
Europe
12.8%
Asia & Pacific Basin
7.8%
Other (Including Canada & Latin America)
4.5%
Cash & equivalents
3.7%
% of net assets as of 9/30/2025 (updated monthly)

Prices & Distributions

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Historical Prices Month-End

2025

Historical Prices Year-End

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Historical Distributions as of 01/27/25

FIND HISTORICAL DISTRIBUTIONS
2024
Record
Date		 Calculated
Date		 Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
12/23/24 12/23/24 12/24/24 $0.144 $0.00 $0.2127 $0.00 $11.54
2024 Year-to-Date: Dividends Subtotal: $0.144 Cap Gains Subtotal: $0.2127
Total Distributions: $0.3567

Fees & Expenses

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Fees

Annual Management Fees 0.00%
Other Expenses 0.18%
Acquired (Underlying) Fund Fees and Expenses 0.37%
Service 12b-1 0.29%
As of each fund's most recent prospectus.
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Expense Ratio

CDJAX 0.84%
Lipper Mixed-Asset Target 2040 Funds Average
0.81%
Fund as of most recent prospectus. Lipper Category as of 9/30/25 (updated quarterly).