American Funds SMALLCAP World 529A
CSPAX
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USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Los Angeles CA 90071-1406 Los Angeles CA United States of America 90071-1406
- IPO Date
- Feb 19, 2002
- CIK
- 0000858744
- Website
- capitalgroup.com
- Similar Companies
- Business
- American Funds SMALLCAP World Fund Class 529-A (CSPAX) is an open-end mutual fund managed by Capital Group that seeks long-term growth of capital by investing primarily in common stocks and other equity-type securities of small-cap companies worldwide; it normally invests at least 80% of its net assets in such securities, with approximately half of its portfolio allocated to U.S. equities and the remainder to non-U.S. equities across regions including Europe & Middle East, Japan, Canada, Asia-Pacific ex-Japan, emerging markets, and China. The fund offers exposure to growth-oriented small- and mid-cap companies in key sectors such as industrials (25.4%), information technology (15.9%), financials (15.4%), consumer discretionary (14.3%), and health care (10.8%); it may also hold limited positions in cash equivalents, government bonds, or corporate debt for liquidity purposes. Launched as a share class within the CollegeAmerica 529 college savings plan on February 19, 2002, CSPAX operates with a minimum initial investment of $250, an expense ratio of 1.04% (including 0.60% management fee and 0.22% 12b-1 fee), and a portfolio turnover rate of 41% as of 2025; the underlying SMALLCAP World Fund, which CSPAX mirrors, was incepted on April 30, 1990, and is headquartered at Capital Group's offices in Los Angeles, California, with management by a team of 19 investment professionals including Julian Abdey, Brady Enright, and Taylor Hinshaw. The fund targets investors saving for qualified education expenses through tax-advantaged 529 plans, with assets under management exceeding $81.8 billion and over 185,000 shareholder accounts as of October 31, 2025; it benchmarks against the MSCI All Country World Small Cap Index and maintains an active share of 80.8%. Recent developments include a prospectus update effective December 1, 2025, and a quarterly income dividend distribution of $0.024 per share paid on June 16, 2025, reflecting ongoing portfolio rebalancing amid a year-to-date total distribution of $0.024; the fund has sustained its global small-cap focus without major strategic shifts, acquisitions, or new product launches reported in the past 1-2 years, while its portfolio allocation remained stable with U.S. equities at 48.8%, non-U.S. equities at 48.4%, and cash equivalents at 3.1% as of October 31, 2025.