- ISIN
- US02629M6451
- Issuer
- American Funds
- Inception Date
- Sep 14, 2012
- Category
- Short-Term Bond
- Min. Investment
- $250
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
CENAX Performance Chart
American Funds College Enrollment Fund (CENAX) is up 1.2% since the beginning of the year. CENAX is currently trading at $10 per share. Investors who bought $1,000 worth of CENAX shares 5 years ago would now be looking at an investment worth $1,153.
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Returns By Period
American Funds College Enrollment Fund (CENAX) has returned 1.15% so far this year and 5.74% over the past 12 months.
American Funds College Enrollment Fund
- 1D
- 0.10%
- 1M
- 0.10%
- YTD
- 1.15%
- 6M
- 1.58%
- 1Y
- 5.74%
- 3Y*
- 5.61%
- 5Y*
- 2.88%
- 10Y*
- 2.48%
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CENAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2013, CENAX's average daily return is +0.01%, while the average monthly return is +0.18%. At this rate, an investment would double in approximately 32.1 years.
Historically, 60% of months were positive and 40% were negative. The best month was Dec 2022 with a return of +3.3%, while the worst month was Sep 2022 at -3.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, CENAX closed higher 35% of trading days. The best single day was Dec 22, 2022 with a return of +3.7%, while the worst single day was Jun 13, 2022 at -1.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.52% | 0.93% | -1.65% | 0.94% | 0.52% | -0.10% | 1.15% | ||||||
| 2025 | 1.08% | 1.07% | 0.00% | 0.53% | 0.21% | 1.47% | -0.21% | 1.35% | 0.61% | 0.41% | 0.71% | 0.23% | 7.71% |
| 2024 | 0.44% | -0.44% | 0.77% | -1.41% | 1.32% | 0.87% | 1.83% | 1.38% | 1.15% | -1.34% | 0.84% | -0.76% | 4.68% |
| 2023 | 1.77% | -1.63% | 2.10% | 0.43% | -1.08% | -0.44% | 0.66% | -0.22% | -1.20% | -0.55% | 2.89% | 2.16% | 4.88% |
| 2022 | -1.01% | -0.41% | -1.74% | -1.77% | 0.32% | -1.16% | 1.71% | -1.78% | -3.31% | 0.11% | 2.32% | 3.31% | -3.56% |
| 2021 | -0.20% | -0.59% | -0.40% | 0.40% | 0.10% | -0.10% | 0.50% | 0.00% | -0.30% | -0.10% | -0.00% | 0.01% | -0.68% |
Benchmark Metrics
American Funds College Enrollment Fund has an annualized alpha of 2.87%, beta of 0.13, and R2 of 0.33 versus S&P 500 Index. Calculated based on daily prices since January 03, 2013.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (18.43%) than losses (9.12%) - typical of diversified or defensive assets.
- Beta of 0.13 may look defensive, but with R2 of 0.33 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.33 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 2.87%
- Beta
- 0.13
- R²
- 0.33
- Upside Capture
- 18.43%
- Downside Capture
- 9.12%
Expense Ratio
CENAX has an expense ratio of 0.67%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CENAX ranks 55 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for American Funds College Enrollment Fund (CENAX) and compare them to S&P 500 Index.
| CENAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.43 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | — | — |
| Martin ratioReturn relative to average drawdown | 9.46 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
American Funds College Enrollment Fund provided a 3.84% dividend yield over the last twelve months, with an annual payout of $0.37 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.37 | $0.37 | $0.32 | $0.33 | $0.54 | $0.11 | $0.35 | $0.23 | $0.14 | $0.14 | $0.16 | $0.11 |
Dividend yield | 3.84% | 3.88% | 3.43% | 3.59% | 5.98% | 1.12% | 3.42% | 2.29% | 1.41% | 1.43% | 1.60% | 1.12% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.37 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.33 |
| 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 | $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 | $0.11 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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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 0.31%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -10.48%Oct 2022 | 1y 9mo | 1y 1mo | 2y 11moJan 2021 - Dec 2023 |
2013 pullback2013 | -2.70%Sep 2013 | 4mo 5d | 8mo 11d | 1y 11dMay 2013 - May 2014 |
2018 pullback2018 | -2.52%May 2018 | 8mo 7d | 7mo 22d | 1y 3moSep 2017 - Jan 2019 |
COVID crash2020 | -2.45%Mar 2020 | 9d | 13d | 22dMar 2020 - Apr 2020 |
2026 pullback2026 | -2.26%Mar 2026 | 24d | — | 3mo 6dMar 2026 - now |
Drawdown Indicators
| CENAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.48% | -9.10% | -1.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.26% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -2.61% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -10.31% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -10.48% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | -2.97% | +2.66% |
Average DrawdownAverage peak-to-trough decline | -1.11% | -1.13% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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