The American Funds 2055 Target Date Retirement Fund R-2 is a target-date mutual fund developed for individuals planning to retire around the year 2055. Managed by Capital Research and Management Company, the fund's primary objective is to simplify retirement investing by providing a single investment vehicle that automatically adjusts its asset allocation over time. Early in its lifecycle, the fund emphasizes capital growth by investing heavily in equities; as the target retirement date approaches, the fund gradually shifts toward a more conservative mix with increasing allocations to fixed income and equity-income assets. This "glide path" is designed to balance growth potential with capital preservation and income needs as retirement nears and continues past the target date. The fund is broadly diversified, typically holding thousands of underlying securities across sectors such as information technology, industrials, financials, health care, and consumer discretionary. With a low portfolio turnover and disciplined rebalancing by its management team, it offers a hands-off approach to long-term retirement planning for participants in employer-sponsored retirement plans, adapting its risk profile to match the evolving needs of investors over several decades.
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