American Funds College Enrollment Fund (CENAX)
The adviser will attempt to achieve the fund's investment objective by investing in a mix of American Funds fixed income funds. The fund will principally invest in funds that seek current income through investments in bonds or in other fixed income instruments. It is designed for investors who are withdrawing (or who, in the near future, expect to withdraw) funds to meet higher education expenses.
Fund Info
| ISIN | US02629M6451 |
|---|---|
| Issuer | American Funds |
| Inception Date | Sep 14, 2012 |
| Category | Short-Term Bond |
| Min. Investment | $250 |
| Asset Class | Bond |
Expense Ratio
The American Funds College Enrollment Fund has a high expense ratio of 0.67%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in American Funds College Enrollment Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
American Funds College Enrollment Fund had a return of -0.77% year-to-date (YTD) and 5.89% in the last 12 months. Over the past 10 years, American Funds College Enrollment Fund had an annualized return of 1.90%, while the S&P 500 had an annualized return of 10.50%, indicating that American Funds College Enrollment Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.77% | 5.90% |
| 1 month | -0.88% | -1.28% |
| 6 months | 8.12% | 15.51% |
| 1 year | 5.89% | 21.68% |
| 5 years (annualized) | 2.40% | 11.74% |
| 10 years (annualized) | 1.90% | 10.50% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.44% | -0.44% | 0.77% | |||||||||
| 2023 | -1.20% | -0.55% | 2.89% | 6.01% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
American Funds College Enrollment Fund(CENAX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for American Funds College Enrollment Fund (CENAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
American Funds College Enrollment Fund granted a 7.27% dividend yield in the last twelve months. The annual payout for that period amounted to $0.66 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.66 | $0.66 | $0.54 | $0.11 | $0.35 | $0.23 | $0.14 | $0.14 | $0.16 | $0.11 | $0.18 | $0.07 |
Dividend yield | 7.27% | 7.21% | 5.98% | 1.12% | 3.42% | 2.29% | 1.41% | 1.43% | 1.60% | 1.12% | 1.81% | 0.71% |
Monthly Dividends
The table displays the monthly dividend distributions for American Funds College Enrollment Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | |||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.66 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 |
| 2013 | $0.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the American Funds College Enrollment Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the American Funds College Enrollment Fund was 10.48%, occurring on Oct 20, 2022. Recovery took 289 trading sessions.
The current American Funds College Enrollment Fund drawdown is 1.63%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -10.48% | Jan 5, 2021 | 453 | Oct 20, 2022 | 289 | Dec 14, 2023 | 742 |
| -2.7% | May 3, 2013 | 87 | Sep 5, 2013 | 173 | May 14, 2014 | 260 |
| -2.52% | Sep 11, 2017 | 172 | May 16, 2018 | 159 | Jan 3, 2019 | 331 |
| -2.45% | Mar 10, 2020 | 8 | Mar 19, 2020 | 9 | Apr 1, 2020 | 17 |
| -1.78% | Jul 6, 2016 | 115 | Dec 15, 2016 | 83 | Apr 18, 2017 | 198 |
Volatility
Volatility Chart
The current American Funds College Enrollment Fund volatility is 1.13%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.