CTOAX Fees and Costs — American Funds College 2021 Fund, Class 529-A
Data updated: 2021-06-25
The net expense ratio is 0.68%. This share class carries a maximum front-end sales load of 3.50% and a deferred sales charge of up to 1.00%. Portfolio turnover was 11%.
CTOAX Fees and Expenses
Annual operating expenses and sales charges of CTOAX. Prospectus, as of October 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.24% |
| Other expenses | 0.17% |
| Gross expense ratio | 0.68% |
| Fee waiver | — |
| Net expense ratio | 0.68% |
| Sales charges | |
|---|---|
| Max front load | 3.50% |
| Max deferred load | 1.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
CTOAX Costs Over Time
On $10,000 invested in CTOAX, assuming 5% a year before costs, total costs come to $860 over 5 years, cutting the return by 1.45% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $451 | $350 | $350 |
| Fund expenses (net expense ratio 0.68%) | $69 | $216 | $375 |
| Lost growth on money paid in costs | $18 | $66 | $134 |
| Total costs | $537 | $632 | $860 |
| Value after costs | $9,963 | $10,945 | $11,903 |
| Impact on return, per year | 5.37% | 1.95% | 1.45% |
CTOAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 11%
- Securities lending: none during the year
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.