The American Funds College 2027 Fund - Class 529-T (TAFAX) is a mutual fund designed to help investors save for college expenses. This fund has a target date of 2027, meaning it is geared towards investors who plan to use the funds for college expenses in or around that year. The "529-T" in the name refers to the type of account, a 529 college savings plan, which offers tax benefits for education savings. This fund is managed by American Funds, a well-known and reputable investment management company. TAFAX aims to provide a diversified portfolio of investments to help investors reach their college savings goals.