American Funds 2040 Target Date Retirement Fund Class C is a diversified mutual fund tailored for individuals planning to retire around the year 2040. Classified as a target-date fund, its primary function is to provide investors a single, professionally managed solution that automatically adjusts its asset allocation over time to match the evolving needs associated with retirement planning. Early in its glide path, the fund emphasizes growth through a significant allocation to equities, both U.S. and international. As the target retirement date approaches, it gradually shifts toward a greater proportion of fixed income and equity-income investments to prioritize capital preservation and income generation, helping mitigate risk as investors near and enter retirement. Managed by Capital Research and Management Company, one of the oldest and largest U.S. investment managers, the fund combines a range of American Funds mutual funds within its portfolio. As of early 2025, allocations include approximately 58% U.S. equities, 22% non-U.S. equities, and 16% bonds, with over 3,400 underlying holdings. The fund is structured to adapt to changing market conditions and life stages, providing a balanced approach to portfolio growth and risk management throughout its lifetime. The fund’s Class C shares maintain a level-load structure and are designed for investors seeking a flexible, evolution-based investment vehicle for retirement savings.
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