The American Funds College Enrollment Fund Class 529-E (ticker: CENEX) is a mutual fund designed to help investors save for college expenses. This fund primarily invests in a diversified portfolio of stocks and bonds, with a focus on companies that are expected to benefit from the growth of the education industry. It is specifically designed for investors who are looking to save for their children's college education through a tax-advantaged 529 plan. With a low expense ratio and a long-term investment approach, this fund aims to provide steady growth and potential for capital appreciation over time.