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Thanks, Greg.
I further researched this particular fund (American Funds: The Bond Fund of America).
The YTD return is -14.9%, and the 3 year return is -2%.
The website describes it as: "Invests in corporate debt securities, U.S. and other government securities, mortgage-related securities and cash."

I called a company rep, and they told me that with my 529 plan there's only one money market fund (the yearly returns being about 2%/year). However, she told me that having sold off the equity funds over to the bond fund last month, I cannot make further changes until January 1 without tax consequences (not certain what those are).

Anyway, my current plan is to wait the three weeks, and switch over to the money market fund.

Thanks again, Jeff
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