American Funds College Target Date Series®
American Funds College 2042 Fund
Investment portfolio
July 31, 2026
unaudited
Fund investments
Growth funds 47%
Shares
Value
(000)
SMALLCAP World Fund, Inc., Class R-6
1,125,516
$94,950
The Growth Fund of America, Class R-6
907,513
77,356
New Perspective Fund, Class R-6
948,721
70,481
AMCAP Fund, Class R-6 (a)
1,086,667
50,280
American Funds U.S. Small and Mid Cap Equity Fund, Class R-6
3,797,438
47,088
EUPAC Fund, Class R-6
671,464
42,363
The New Economy Fund, Class R-6 (a)
467,751
39,852
American Funds Global Insight Fund, Class R-6
782,647
24,489
 
446,859
Growth-and-income funds 38%
 
 
Fundamental Investors, Class R-6
925,923
94,620
The Investment Company of America, Class R-6
1,359,771
92,777
Capital World Growth and Income Fund, Class R-6
1,104,877
89,440
Washington Mutual Investors Fund, Class R-6
798,082
54,293
International Growth and Income Fund, Class R-6
601,260
30,009
 
361,139
Balanced funds 9%
 
 
American Balanced Fund, Class R-6
1,013,695
41,004
American Funds Global Balanced Fund, Class R-6
960,505
41,004
 
82,008
Fixed income funds 6%
 
 
American High-Income Trust, Class R-6
4,222,861
41,004
U.S. Government Securities Fund, Class R-6
1,743,089
20,359
 
61,363
Total investment securities 100% (cost: $869,123,000)
951,369
Other assets less liabilities 0%
(232
)
Net assets 100%
$951,137
American Funds College Target Date Series — Page 1 of 12
unaudited
Investments in affiliates (b)
 
 
Value at
11/1/2025
(000)
Additions
(000)
Reductions
(000)
Net
realized
gain (loss)
(000)
Net
unrealized
appreciation
(depreciation)
(000)
Value at
7/31/2026
(000)
Dividend
income
(000)
Capital gain
distributions
received
(000)
Growth funds 47%
SMALLCAP World Fund, Inc., Class R-6
$50,740
$38,746
$—
$—
$5,464
$94,950
$565
$2,164
The Growth Fund of America, Class R-6
42,568
35,753
—
—
(965
)
77,356
261
4,440
New Perspective Fund, Class R-6
41,452
28,605
—
—
424
70,481
596
2,357
AMCAP Fund, Class R-6 (a)
29,321
23,289
—
—
(2,330
)
50,280
—
4,769
American Funds U.S. Small and Mid Cap Equity Fund,
Class R-6
25,369
17,859
—
—
3,860
47,088
127
—
EUPAC Fund, Class R-6
26,225
17,204
—
—
(1,066
)
42,363
854
4,293
The New Economy Fund, Class R-6 (a)
22,338
14,196
—
—
3,318
39,852
—
2,236
American Funds Global Insight Fund, Class R-6
9,273
13,331
—
—
1,885
24,489
132
—
 
446,859
Growth-and-income funds 38%
Fundamental Investors, Class R-6
59,425
29,011
—
—
6,184
94,620
569
4,902
The Investment Company of America, Class R-6
46,787
43,450
—
—
2,540
92,777
633
4,444
Capital World Growth and Income Fund, Class R-6
51,559
32,506
—
—
5,375
89,440
1,039
4,624
Washington Mutual Investors Fund, Class R-6
26,485
26,884
—
—
924
54,293
481
3,238
International Growth and Income Fund, Class R-6
17,197
10,461
—
—
2,351
30,009
408
1,008
 
361,139
Balanced funds 9%
American Balanced Fund, Class R-6
15,508
24,223
—
—
1,273
41,004
448
996
American Funds Global Balanced Fund, Class R-6
15,509
24,497
—
—
998
41,004
510
723
 
82,008
Fixed income funds 6%
American High-Income Trust, Class R-6
15,618
26,137
—
—
(751
)
41,004
1,387
—
U.S. Government Securities Fund, Class R-6
12,180
8,906
—
—
(727
)
20,359
538
—
 
61,363
Total 100%
$—
$28,757
$951,369
$8,548
$40,194
 
(a)
Non-income producing.
(b)
Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended.
American Funds College Target Date Series — Page 2 of 12
 
American Funds College 2039 Fund
Investment portfolio
July 31, 2026
unaudited
Fund investments
Growth funds 33%
Shares
Value
(000)
The Growth Fund of America, Class R-6
1,868,884
$159,304
SMALLCAP World Fund, Inc., Class R-6
1,686,444
142,268
New Perspective Fund, Class R-6
1,544,884
114,769
AMCAP Fund, Class R-6 (a)
1,962,337
90,797
American Funds Global Insight Fund, Class R-6
2,524,858
79,003
The New Economy Fund, Class R-6 (a)
868,515
73,998
American Funds U.S. Small and Mid Cap Equity Fund, Class R-6
5,201,851
64,503
EUPAC Fund, Class R-6
468,995
29,589
 
754,231
Growth-and-income funds 36%
 
 
The Investment Company of America, Class R-6
3,069,025
209,400
Capital World Growth and Income Fund, Class R-6
2,519,012
203,914
Fundamental Investors, Class R-6
1,847,867
188,833
Washington Mutual Investors Fund, Class R-6
2,222,001
151,163
International Growth and Income Fund, Class R-6
1,323,259
66,044
 
819,354
Balanced funds 10%
 
 
American Balanced Fund, Class R-6
3,199,783
129,431
American Funds Global Balanced Fund, Class R-6
2,131,466
90,992
 
220,423
Fixed income funds 21%
 
 
The Bond Fund of America, Class R-6
17,221,644
190,644
American High-Income Trust, Class R-6
15,216,225
147,750
American Funds Multi-Sector Income Fund, Class R-6
14,320,019
131,887
U.S. Government Securities Fund, Class R-6
1,120,223
13,084
 
483,365
Total investment securities 100% (cost: $1,917,056,000)
2,277,373
Other assets less liabilities 0%
(602
)
Net assets 100%
$2,276,771
American Funds College Target Date Series — Page 1 of 12
unaudited
Investments in affiliates (b)
 
 
Value at
11/1/2025
(000)
Additions
(000)
Reductions
(000)
Net
realized
gain (loss)
(000)
Net
unrealized
appreciation
(depreciation)
(000)
Value at
7/31/2026
(000)
Dividend
income
(000)
Capital gain
distributions
received
(000)
Growth funds 33%
The Growth Fund of America, Class R-6
$136,591
$28,184
$34
$15
$(5,452
)
$159,304
$757
$12,892
SMALLCAP World Fund, Inc., Class R-6
129,389
8,028
4,909
1,456
8,304
142,268
1,270
4,860
New Perspective Fund, Class R-6
103,985
11,418
—
—
(634
)
114,769
1,388
5,488
AMCAP Fund, Class R-6 (a)
80,057
16,094
—
—
(5,354
)
90,797
—
9,970
American Funds Global Insight Fund, Class R-6
55,859
15,457
—
—
7,687
79,003
790
—
The New Economy Fund, Class R-6 (a)
66,037
6,684
4,362
1,953
3,686
73,998
—
5,689
American Funds U.S. Small and Mid Cap Equity Fund,
Class R-6
58,803
1,417
2,542
173
6,652
64,503
264
—
EUPAC Fund, Class R-6
45,244
4,494
18,660
3,937
(5,426
)
29,589
793
3,556
 
754,231
Growth-and-income funds 36%
The Investment Company of America, Class R-6
170,654
35,216
—
—
3,530
209,400
1,742
14,581
Capital World Growth and Income Fund, Class R-6
164,062
27,713
—
—
12,139
203,914
2,766
13,825
Fundamental Investors, Class R-6
152,587
23,644
—
—
12,602
188,833
1,257
11,450
Washington Mutual Investors Fund, Class R-6
118,944
29,659
—
—
2,560
151,163
1,645
10,942
International Growth and Income Fund, Class R-6
53,379
6,712
—
—
5,953
66,044
1,067
3,001
 
819,354
Balanced funds 10%
American Balanced Fund, Class R-6
100,005
25,290
—
—
4,136
129,431
2,108
5,622
American Funds Global Balanced Fund, Class R-6
77,718
10,887
—
—
2,387
90,992
1,608
3,079
 
220,423
Fixed income funds 21%
The Bond Fund of America, Class R-6
108,318
88,436
—
—
(6,110
)
190,644
5,035
—
American High-Income Trust, Class R-6
110,638
39,909
—
—
(2,797
)
147,750
6,515
—
American Funds Multi-Sector Income Fund, Class R-6
74,970
60,537
—
—
(3,620
)
131,887
4,986
—
U.S. Government Securities Fund, Class R-6
19,535
437
6,372
151
(667
)
13,084
437
—
 
483,365
Total 100%
$7,685
$39,576
$2,277,373
$34,428
$104,955
 
(a)
Non-income producing.
(b)
Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended.
American Funds College Target Date Series — Page 2 of 12
American Funds College 2036 Fund
Investment portfolio
July 31, 2026
unaudited
 
Fund investments
Growth funds 10%
Shares
Value
(000)
New Perspective Fund, Class R-6
1,352,194
$100,454
American Funds Global Insight Fund, Class R-6
3,037,466
95,042
AMCAP Fund, Class R-6 (a)
2,013,308
93,156
The Growth Fund of America, Class R-6
591,104
50,386
SMALLCAP World Fund, Inc., Class R-6
446,360
37,655
The New Economy Fund, Class R-6 (a)
261,198
22,254
American Funds U.S. Small and Mid Cap Equity Fund, Class R-6
1,233,148
15,291
 
414,238
Growth-and-income funds 38%
 
 
Capital World Growth and Income Fund, Class R-6
3,954,503
320,117
Washington Mutual Investors Fund, Class R-6
4,618,367
314,188
American Mutual Fund, Class R-6
4,537,415
294,251
The Investment Company of America, Class R-6
4,248,594
289,882
Fundamental Investors, Class R-6
1,826,587
186,659
International Growth and Income Fund, Class R-6
1,701,629
84,928
 
1,490,025
Equity-income funds 6%
 
 
Capital Income Builder, Class R-6
1,546,031
129,758
The Income Fund of America, Class R-6
3,424,503
95,749
 
225,507
Balanced funds 10%
 
 
American Balanced Fund, Class R-6
6,540,539
264,565
American Funds Global Balanced Fund, Class R-6
2,913,083
124,359
 
388,924
Fixed income funds 36%
 
 
The Bond Fund of America, Class R-6
50,301,234
556,835
American High-Income Trust, Class R-6
28,011,759
271,994
American Funds Multi-Sector Income Fund, Class R-6
29,330,998
270,139
American Funds Mortgage Fund, Class R-6
18,911,948
163,210
American Funds Strategic Bond Fund, Class R-6
18,197,243
162,865
 
1,425,043
Total investment securities 100% (cost: $3,526,262,000)
3,943,737
Other assets less liabilities 0%
(888
)
Net assets 100%
$3,942,849
American Funds College Target Date Series — Page 3 of 12
unaudited
Investments in affiliates (b)
 
 
Value at
11/1/2025
(000)
Additions
(000)
Reductions
(000)
Net
realized
gain (loss)
(000)
Net
unrealized
appreciation
(depreciation)
(000)
Value at
7/31/2026
(000)
Dividend
income
(000)
Capital gain
distributions
received
(000)
Growth funds 10%
New Perspective Fund, Class R-6
$115,761
$9,719
$23,932
$6,132
$(7,226
)
$100,454
$1,401
$5,538
American Funds Global Insight Fund, Class R-6
98,726
2,554
15,897
4,976
4,683
95,042
1,107
—
AMCAP Fund, Class R-6 (a)
100,380
12,193
13,336
3,433
(9,514
)
93,156
—
10,704
The Growth Fund of America, Class R-6
114,029
9,989
68,525
16,912
(22,019
)
50,386
482
8,208
SMALLCAP World Fund, Inc., Class R-6
77,713
5,128
50,282
7,882
(2,786
)
37,655
626
2,396
The New Economy Fund, Class R-6 (a)
51,962
3,890
36,449
7,573
(4,722
)
22,254
—
3,383
American Funds U.S. Small and Mid Cap Equity Fund,
Class R-6
30,529
344
18,192
2,272
338
15,291
113
—
 
414,238
Growth-and-income funds 38%
Capital World Growth and Income Fund, Class R-6
289,982
31,988
20,929
7,855
11,221
320,117
4,589
23,928
Washington Mutual Investors Fund, Class R-6
248,828
60,423
—
—
4,937
314,188
3,396
23,056
American Mutual Fund, Class R-6
161,390
118,356
—
—
14,505
294,251
3,387
11,066
The Investment Company of America, Class R-6
268,091
27,155
8,676
3,451
(139
)
289,882
2,504
22,015
Fundamental Investors, Class R-6
202,171
15,957
45,254
17,239
(3,454
)
186,659
1,403
13,126
International Growth and Income Fund, Class R-6
82,998
5,910
12,439
3,661
4,798
84,928
1,504
4,406
 
1,490,025
Equity-income funds 6%
Capital Income Builder, Class R-6
71,953
50,678
—
—
7,127
129,758
2,608
4,021
The Income Fund of America, Class R-6
52,077
41,286
—
—
2,386
95,749
2,383
3,791
 
225,507
Balanced funds 10%
American Balanced Fund, Class R-6
220,888
35,447
—
—
8,230
264,565
4,531
12,252
American Funds Global Balanced Fund, Class R-6
115,642
6,605
1,042
227
2,927
124,359
2,234
4,371
 
388,924
Fixed income funds 36%
The Bond Fund of America, Class R-6
440,836
135,161
—
—
(19,162
)
556,835
16,660
—
American High-Income Trust, Class R-6
234,197
43,042
—
—
(5,245
)
271,994
12,704
—
American Funds Multi-Sector Income Fund, Class R-6
234,036
44,277
—
—
(8,174
)
270,139
12,116
—
American Funds Mortgage Fund, Class R-6
99,625
68,854
—
—
(5,269
)
163,210
4,355
—
American Funds Strategic Bond Fund, Class R-6 (c)
99,625
70,380
90
—
(7,050
)
162,865
4,328
—
 
1,425,043
Total 100%
$81,613
$(33,608
)
$3,943,737
$82,431
$152,261
 
(a)
Non-income producing.
(b)
Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended.
(c)
A portion of the fund’s income dividends and/or capital gains distribution was deemed a return of capital for tax purposes. The net realized gain and/or
dividend income amounts reflect the return of capital distribution.
American Funds College Target Date Series — Page 4 of 12
American Funds College 2033 Fund®
Investment portfolio
July 31, 2026
unaudited
 
Fund investments
Growth funds 2%
Shares
Value
(000)
American Funds Global Insight Fund, Class R-6
672,973
$21,057
AMCAP Fund, Class R-6 (a)
441,340
20,421
New Perspective Fund, Class R-6
273,398
20,311
 
61,789
Growth-and-income funds 27%
 
 
American Mutual Fund, Class R-6
7,269,741
471,443
Washington Mutual Investors Fund, Class R-6
5,086,643
346,044
Capital World Growth and Income Fund, Class R-6
2,889,251
233,885
The Investment Company of America, Class R-6
2,145,386
146,380
Fundamental Investors, Class R-6
418,761
42,793
International Growth and Income Fund, Class R-6
414,145
20,670
 
1,261,215
Equity-income funds 13%
 
 
The Income Fund of America, Class R-6
12,745,712
356,370
Capital Income Builder, Class R-6
3,139,394
263,489
 
619,859
Balanced funds 9%
 
 
American Balanced Fund, Class R-6
8,142,256
329,354
American Funds Global Balanced Fund, Class R-6
2,408,312
102,811
 
432,165
Fixed income funds 49%
 
 
The Bond Fund of America, Class R-6
58,114,825
643,331
American Funds Mortgage Fund, Class R-6
48,323,915
417,036
American Funds Strategic Bond Fund, Class R-6
46,568,479
416,788
American High-Income Trust, Class R-6
32,652,332
317,054
American Funds Multi-Sector Income Fund, Class R-6
34,311,470
316,009
Intermediate Bond Fund of America, Class R-6
14,979,499
186,045
 
2,296,263
Total investment securities 100% (cost: $4,351,431,000)
4,671,291
Other assets less liabilities 0%
(1,016
)
Net assets 100%
$4,670,275
American Funds College Target Date Series — Page 5 of 12
unaudited
Investments in affiliates (b)
 
 
Value at
11/1/2025
(000)
Additions
(000)
Reductions
(000)
Net
realized
gain (loss)
(000)
Net
unrealized
appreciation
(depreciation)
(000)
Value at
7/31/2026
(000)
Dividend
income
(000)
Capital gain
distributions
received
(000)
Growth funds 2%
American Funds Global Insight Fund, Class R-6
$35,049
$415
$17,200
$4,756
$(1,963
)
$21,057
$415
$—
AMCAP Fund, Class R-6 (a)
35,160
2,977
16,128
3,649
(5,237
)
20,421
—
2,977
New Perspective Fund, Class R-6
35,152
2,270
16,513
1,223
(1,821
)
20,311
458
1,812
 
61,789
Growth-and-income funds 27%
American Mutual Fund, Class R-6
396,830
53,348
—
—
21,265
471,443
6,123
22,372
Washington Mutual Investors Fund, Class R-6
307,014
33,879
—
—
5,151
346,044
3,908
26,251
Capital World Growth and Income Fund, Class R-6
242,340
23,813
46,004
15,256
(1,520
)
233,885
3,669
19,983
The Investment Company of America, Class R-6
171,679
15,614
41,070
14,730
(14,573
)
146,380
1,504
14,110
Fundamental Investors, Class R-6
71,419
5,045
37,420
8,109
(4,360
)
42,793
470
4,576
International Growth and Income Fund, Class R-6
35,010
2,484
19,946
5,056
(1,934
)
20,670
567
1,917
 
1,261,215
Equity-income funds 13%
The Income Fund of America, Class R-6
267,163
80,025
—
—
9,182
356,370
9,677
15,876
Capital Income Builder, Class R-6
212,645
35,579
—
—
15,265
263,489
5,906
9,700
 
619,859
Balanced funds 9%
American Balanced Fund, Class R-6
294,595
24,225
—
—
10,534
329,354
5,840
15,929
American Funds Global Balanced Fund, Class R-6
101,190
5,791
6,848
1,428
1,250
102,811
1,932
3,859
 
432,165
Fixed income funds 49%
The Bond Fund of America, Class R-6
597,650
68,883
—
—
(23,202
)
643,331
20,703
—
American Funds Mortgage Fund, Class R-6
332,688
98,658
—
—
(14,310
)
417,036
12,409
—
American Funds Strategic Bond Fund, Class R-6 (c)
333,106
103,159
326
—
(19,151
)
416,788
12,111
—
American High-Income Trust, Class R-6
289,519
33,735
—
—
(6,200
)
317,054
15,079
—
American Funds Multi-Sector Income Fund, Class R-6
289,131
36,581
—
—
(9,703
)
316,009
14,391
—
Intermediate Bond Fund of America, Class R-6
124,513
65,880
—
—
(4,348
)
186,045
4,909
—
 
2,296,263
Total 100%
$54,207
$(45,675
)
$4,671,291
$120,071
$139,362
 
(a)
Non-income producing.
(b)
Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended.
(c)
A portion of the fund’s income dividends and/or capital gains distribution was deemed a return of capital for tax purposes. The net realized gain and/or
dividend income amounts reflect the return of capital distribution.
American Funds College Target Date Series — Page 6 of 12
American Funds College 2030 Fund®
Investment portfolio
July 31, 2026
unaudited
 
Fund investments
Growth-and-income funds 16%
Shares
Value
(000)
American Mutual Fund, Class R-6
8,433,463
$546,910
Washington Mutual Investors Fund, Class R-6
2,333,022
158,716
Capital World Growth and Income Fund, Class R-6
1,568,380
126,960
The Investment Company of America, Class R-6
305,011
20,811
 
853,397
Equity-income funds 9%
 
 
The Income Fund of America, Class R-6
11,076,470
309,698
Capital Income Builder, Class R-6
1,794,400
150,604
 
460,302
Balanced funds 7%
 
 
American Balanced Fund, Class R-6
9,162,186
370,611
American Funds Global Balanced Fund, Class R-6
484,515
20,684
 
391,295
Fixed income funds 68%
 
 
Intermediate Bond Fund of America, Class R-6
94,919,782
1,178,904
American Funds Mortgage Fund, Class R-6
84,813,392
731,939
The Bond Fund of America, Class R-6
54,614,551
604,583
American Funds Strategic Bond Fund, Class R-6
57,911,644
518,309
American High-Income Trust, Class R-6
29,116,671
282,723
American Funds Multi-Sector Income Fund, Class R-6
30,569,040
281,541
 
3,597,999
Total investment securities 100% (cost: $5,222,288,000)
5,302,993
Other assets less liabilities 0%
(1,197
)
Net assets 100%
$5,301,796
American Funds College Target Date Series — Page 7 of 12
unaudited
Investments in affiliates (a)
 
 
Value at
11/1/2025
(000)
Additions
(000)
Reductions
(000)
Net
realized
gain (loss)
(000)
Net
unrealized
appreciation
(depreciation)
(000)
Value at
7/31/2026
(000)
Dividend
income
(000)
Capital gain
distributions
received
(000)
Growth-and-income funds 16%
American Mutual Fund, Class R-6
$486,178
$56,101
$20,733
$6,521
$18,843
$546,910
$7,448
$27,505
Washington Mutual Investors Fund, Class R-6
205,858
20,146
70,140
14,805
(11,953
)
158,716
2,077
13,861
Capital World Growth and Income Fund, Class R-6
146,553
16,167
43,764
6,728
1,276
126,960
1,954
10,804
The Investment Company of America, Class R-6
44,362
3,000
26,218
6,244
(6,577
)
20,811
243
2,693
 
853,397
Equity-income funds 9%
The Income Fund of America, Class R-6
327,154
29,603
55,705
8,992
(346
)
309,698
10,084
17,814
Capital Income Builder, Class R-6
183,295
11,880
54,603
8,167
1,865
150,604
4,043
7,362
 
460,302
Balanced funds 7%
American Balanced Fund, Class R-6
349,138
32,128
23,300
6,207
6,438
370,611
6,739
18,454
American Funds Global Balanced Fund, Class R-6
43,689
1,765
25,403
3,321
(2,688
)
20,684
509
1,256
 
391,295
Fixed income funds 68%
Intermediate Bond Fund of America, Class R-6
847,316
359,460
—
—
(27,872
)
1,178,904
32,707
—
American Funds Mortgage Fund, Class R-6
614,516
143,204
397
31
(25,415
)
731,939
22,672
—
The Bond Fund of America, Class R-6
593,060
34,511
1,024
31
(21,995
)
604,583
19,945
—
American Funds Strategic Bond Fund, Class R-6 (b)
476,011
67,565
495
—
(24,772
)
518,309
16,290
—
American High-Income Trust, Class R-6
281,750
15,138
8,685
672
(6,152
)
282,723
14,063
—
American Funds Multi-Sector Income Fund, Class R-6
281,593
14,535
5,830
253
(9,010
)
281,541
13,419
—
 
3,597,999
Total 100%
$61,972
$(108,358
)
$5,302,993
$152,193
$99,749
 
(a)
Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended.
(b)
A portion of the fund’s income dividends and/or capital gains distribution was deemed a return of capital for tax purposes. The net realized gain and/or
dividend income amounts reflect the return of capital distribution.
American Funds College Target Date Series — Page 8 of 12
American Funds College 2027 Fund®
Investment portfolio
July 31, 2026
unaudited
 
Fund investments
Growth-and-income funds 10%
Shares
Value
(000)
American Mutual Fund, Class R-6
5,546,561
$359,695
Capital World Growth and Income Fund, Class R-6
137,414
11,124
Washington Mutual Investors Fund, Class R-6
163,518
11,124
 
381,943
Equity-income funds 1%
 
 
The Income Fund of America, Class R-6
975,305
27,269
Capital Income Builder, Class R-6
132,690
11,137
 
38,406
Balanced funds 5%
 
 
American Balanced Fund, Class R-6
5,156,547
208,582
Fixed income funds 84%
 
 
Short-Term Bond Fund of America, Class R-6
143,578,310
1,359,686
Intermediate Bond Fund of America, Class R-6
96,325,732
1,196,365
American Funds Mortgage Fund, Class R-6
48,813,873
421,264
American Funds Strategic Bond Fund, Class R-6
24,972,791
223,506
The Bond Fund of America, Class R-6
5,463,499
60,481
American Funds Multi-Sector Income Fund, Class R-6
2,973,705
27,388
American High-Income Trust, Class R-6
2,814,588
27,330
 
3,316,020
Total investment securities 100% (cost: $4,047,542,000)
3,944,951
Other assets less liabilities 0%
(950
)
Net assets 100%
$3,944,001
American Funds College Target Date Series — Page 9 of 12
unaudited
Investments in affiliates (a)
 
 
Value at
11/1/2025
(000)
Additions
(000)
Reductions
(000)
Net
realized
gain (loss)
(000)
Net
unrealized
appreciation
(depreciation)
(000)
Value at
7/31/2026
(000)
Dividend
income
(000)
Capital gain
distributions
received
(000)
Growth-and-income funds 10%
American Mutual Fund, Class R-6
$364,955
$42,840
$65,341
$19,661
$(2,420
)
$359,695
$5,330
$20,262
Capital World Growth and Income Fund, Class R-6
30,661
3,028
23,322
3,455
(2,698
)
11,124
308
2,149
Washington Mutual Investors Fund, Class R-6
30,214
2,174
21,410
3,220
(3,074
)
11,124
249
1,647
 
381,943
Equity-income funds 1%
The Income Fund of America, Class R-6
75,360
5,626
54,583
6,653
(5,787
)
27,269
1,797
3,722
Capital Income Builder, Class R-6
30,222
1,761
21,878
3,147
(2,115
)
11,137
546
1,174
 
38,406
Balanced funds 5%
American Balanced Fund, Class R-6
225,688
22,589
46,839
7,751
(607
)
208,582
4,196
11,843
Fixed income funds 84%
Short-Term Bond Fund of America, Class R-6
952,244
466,620
39,162
374
(20,390
)
1,359,686
35,647
—
Intermediate Bond Fund of America, Class R-6
1,131,608
118,958
24,621
441
(30,021
)
1,196,365
37,000
—
American Funds Mortgage Fund, Class R-6
464,164
20,435
47,978
8
(15,365
)
421,264
14,709
—
American Funds Strategic Bond Fund, Class R-6 (b)
269,235
8,654
43,094
(1,279
)
(10,010
)
223,506
7,827
—
The Bond Fund of America, Class R-6
166,335
3,808
106,475
(19,628
)
16,441
60,481
3,675
—
American Funds Multi-Sector Income Fund,
Class R-6
75,214
2,523
49,132
2,074
(3,291
)
27,388
2,401
—
American High-Income Trust, Class R-6
75,315
2,770
50,146
3,825
(4,434
)
27,330
2,507
—
 
3,316,020
Total 100%
$29,702
$(83,771
)
$3,944,951
$116,192
$40,797
 
(a)
Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended.
(b)
A portion of the fund’s income dividends and/or capital gains distribution was deemed a return of capital for tax purposes. The net realized gain and/or
dividend income amounts reflect the return of capital distribution.
American Funds College Target Date Series — Page 10 of 12
American Funds College Enrollment Fund®
Investment portfolio
July 31, 2026
unaudited
 
Fund investments
Growth-and-income funds 9%
Shares
Value
(000)
American Mutual Fund, Class R-6
4,219,641
$273,643
Balanced funds 5%
 
 
American Balanced Fund, Class R-6
3,761,679
152,160
Fixed income funds 86%
 
 
Short-Term Bond Fund of America, Class R-6
128,527,680
1,217,158
Intermediate Bond Fund of America, Class R-6
75,956,917
943,385
American Funds Mortgage Fund, Class R-6
35,230,772
304,042
American Funds Strategic Bond Fund, Class R-6
16,930,307
151,526
 
2,616,111
Total investment securities 100% (cost: $3,236,130,000)
3,041,914
Other assets less liabilities 0%
(785
)
Net assets 100%
$3,041,129
Investments in affiliates (a)
 
 
Value at
11/1/2025
(000)
Additions
(000)
Reductions
(000)
Net
realized
gain (loss)
(000)
Net
unrealized
appreciation
(depreciation)
(000)
Value at
7/31/2026
(000)
Dividend
income
(000)
Capital gain
distributions
received
(000)
Growth-and-income funds 9%
American Mutual Fund, Class R-6
$312,599
$21,948
$73,559
$15,844
$(3,189
)
$273,643
$4,265
$17,049
Balanced funds 5%
American Balanced Fund, Class R-6
175,605
12,604
41,028
6,670
(1,691
)
152,160
3,168
9,089
Fixed income funds 86%
Short-Term Bond Fund of America, Class R-6
1,405,822
39,469
208,102
(177
)
(19,854
)
1,217,158
39,381
—
Intermediate Bond Fund of America, Class R-6
1,088,043
32,102
152,551
(1,035
)
(23,174
)
943,385
31,769
—
American Funds Mortgage Fund, Class R-6
351,204
11,296
47,356
(5,330
)
(5,772
)
304,042
10,747
—
American Funds Strategic Bond Fund, Class R-6 (b)
175,565
5,635
22,151
(3,647
)
(3,876
)
151,526
5,170
—
 
2,616,111
Total 100%
$12,325
$(57,556
)
$3,041,914
$94,500
$26,138
 
(a)
Part of the same “group of investment companies“ as the fund as defined under the Investment Company Act of 1940, as amended.
(b)
A portion of the fund’s income dividends and/or capital gains distribution was deemed a return of capital for tax purposes. The net realized gain and/or
dividend income amounts reflect the return of capital distribution.
American Funds College Target Date Series — Page 11 of 12
unaudited
Valuation disclosures
Security valuation — The net asset value per share of each fund is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open. The net asset value of each share class of each fund is calculated based on the reported net asset values of the underlying funds in which each fund invests. The net asset value of each underlying fund is calculated based on the policies and procedures of the underlying fund contained in each underlying fund’s statement of additional information.
Processes and structure — The series’ board of trustees has designated the series’ investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the “Committee”) to administer, implement and oversee the fair valuation process, and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser’s valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser’s global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The series’ board and audit committee also regularly review reports that describe fair value determinations and methods.
Classifications — The series’ investment adviser classifies each fund’s assets and liabilities into three levels based on the method used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Level 3 values are based on significant unobservable inputs that reflect the investment adviser’s determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. As of July 31, 2026, all of the investment securities held by each fund were classified as Level 1.
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the series prospectus and summary prospectuses, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the American Funds website at capitalgroup.com. Fund shares offered through Capital Client Group, Inc.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
Capital Client Group, Inc., member FINRA.
© 2026 Capital Group. All rights reserved.
MFGEFP3-800-0926
American Funds College Target Date Series — Page 12 of 12