American Funds College 2036 Fund
CCFAX
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- American Funds College 2036 Fund (Class 529-A; ticker: CCFAX) is a target-date mutual fund managed by Capital Group Companies, Inc. that seeks growth, income, and conservation of capital through a diversified portfolio of underlying American Funds, with allocations adjusting based on proximity to its 2036 target date. The fund invests primarily in a mix of growth funds, growth-and-income funds, equity-income funds, balanced funds, and fixed income funds, including U.S. equities (approximately 45%), non-U.S. equities (15%), U.S. bonds (30%), non-U.S. bonds (4%), and cash equivalents; top sectors include information technology, industrials, and financials. It serves as a core component of Section 529 college savings plans, targeting investors saving for qualified higher education expenses of beneficiaries expected to attend college around 2036, with availability in the United States through CollegeAmerica and other state-sponsored 529 programs. Launched on February 9, 2018, the fund is headquartered in Los Angeles, California, at Capital Group's global base, with assets under management of approximately $3.47 billion as of November 30, 2025. It features a net expense ratio of 0.77%, including 0.34% acquired fund fees, 0.25% 12b-1 service fees, and 0.18% other expenses, alongside a minimum initial investment of $250 and annual portfolio turnover of 6%. The fund paid total 2024 distributions of $0.6828 per share, comprising dividends and capital gains, with fiscal year-end in October. In recent developments, Capital Group, the fund's investment manager, expanded its strategic partnership with KKR in December 2025 to develop integrated public-private market solutions, including a new target-date fund solution for defined contribution plans and public-private model portfolios blending Capital Group's public strategies with KKR's private market approaches; this builds on 2025 launches of public-private funds like Capital Group KKR Core Plus+ and Multi-Sector+ credit strategies. The collaboration also extends to insurance asset management with KKR's Global Atlantic subsidiary and plans for a public-private U.S. equity fund in early 2026, enhancing diversification options potentially applicable to 529 savers. No fund-specific acquisitions, name changes, or reorganizations have occurred in the last 1-2 years, though the prospectus was updated January 1, 2025.