TCAFX Fees and Costs — American Funds College 2024 Fund, Class 529-T
Data updated: 2024-03-28
The net expense ratio is 0.71%. This share class carries a maximum front-end sales load of 2.50%. Portfolio turnover was 1%.
TCAFX Fees and Expenses
Annual operating expenses and sales charges of TCAFX. Prospectus, as of November 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.19% |
| Gross expense ratio | 0.71% |
| Fee waiver | — |
| Net expense ratio | 0.71% |
| Sales charges | |
|---|---|
| Max front load | 2.50% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
TCAFX Costs Over Time
On $10,000 invested in TCAFX, assuming 5% a year before costs, total costs come to $755 over 5 years, cutting the return by 1.27% 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 | $250 | $250 | $250 |
| Fund expenses (net expense ratio 0.71%) | $73 | $227 | $396 |
| Lost growth on money paid in costs | $13 | $51 | $109 |
| Total costs | $335 | $528 | $755 |
| Value after costs | $10,165 | $11,048 | $12,008 |
| Impact on return, per year | 3.35% | 1.62% | 1.27% |
TCAFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 1%
- 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.