The American Funds Preservation Portfolio - Class 529-T (TPAPX) is a mutual fund that focuses on preserving capital and minimizing risk for investors. It is designed for those seeking a conservative investment option for their 529 college savings plan. This fund primarily invests in high-quality, low-risk fixed income securities such as government bonds and investment-grade corporate bonds. It also has a small allocation to stocks for potential growth. With a low expense ratio and a long-term investment approach, this fund aims to provide stability and steady returns for investors.