AMERICAN FUNDS COLLEGE TARGET DATE SERIES registered 7 new fund series on Form N-1A, filed 2012-04-13. Featured series: American Funds College 2030 Fund.
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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 tota…