Investment Fund

Share Class
Purchase Information: Class F-1 shares are primarily available through certain financial services platforms that support self-directed investors. See the prospectus for details.

Summary

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Price at NAV $21.19 as of 11/22/2024 (updated daily)
Fund Assets (millions) $44,409.3
Target Date Solutions Committee Members
8
Expense Ratio
(Gross/Net %)
0.73 / 0.73%
Quarterly Fund Fact Sheet (PDF)
Prospectus

Asset Mix

U.S. Equities58.6%
Non-U.S. Equities22.3%
U.S. Bonds13.1%
Non-U.S. Bonds2.3%
Cash & Equivalents
3.7%
As of 10/31/2024 (updated monthly)

Fund Statistics

5.7 years
Effective Duration
5.2%
Average Yield
to Worst
4%
Average Coupon
% of net assets as of 10/31/2024 (updated monthly)
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Volatility & Return

Read important investment disclosures

Equities

For Class F-1 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
FAUTX
S&P Target Date 2040 Index
Other AF Funds
Standard Deviation as of 10/31/2024 (updated monthly) . Annualized return as of 10/31/2024 (updated monthly) .
VIEW LARGER CHART
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Returns at NAV

Returns at MOP

Description

Objective
Depending on the proximity to its target date, which we define as the year that corresponds roughly to the year in which the investor expects to retire, the fund will seek to achieve the following objectives to varying degrees: growth, income and conservation of capital. The fund will increasingly emphasize income and conservation of capital by investing a greater portion of its assets in fixed income, equity-income and balanced funds as it approaches and passes its target date. In this way, the fund seeks to balance total return and stability over time.

Fund Facts

Fund Inception 2/01/2007
Fund Assets (millions)
As of 10/31/2024
 $44,409.3
Companies/Issuers
Holdings are as of 10/31/2024 (updated monthly).
 3195+
Shareholder Accounts
Shareholder accounts are as of 10/31/2024
 4,265
Regular Dividends Paid
Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2023) 1%
Fiscal Year-End Oct
Prospectus Date 01/01/2024
CUSIP 02631C 68 4
Fund Number 467

Returns

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Month-End Returns as of 10/31/24

Returns at NAV
| at MOP
Read important investment disclosures
FAUTX
S&P Target Date 2040 Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 9/30/24

Growth of 10K

Read important investment disclosures

High & Low Prices

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Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 1.27% 1.30%
Fund at MOP N/A N/A
As of 10/31/2024 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 3.51 13.26 18.80
S&P Target Date 2040 Index
-- -- --
Fund as of 9/30/24. Index as of --.

Target Date Solutions Committee

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Michelle J. Black 4 22 29
David A. Hoag 4 32 36
Samir Mathur 4 11 31
Raj Paramaguru 1 11 19
Wesley K. Phoa 12 25 30
William L. Robbins 1 29 32
Jessica C. Spaly 1 20 25
Shannon Ward 3 7 31
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(194)
3-yr. Morningstar RatingTM
(194 funds rated)
5-yr. Morningstar RatingTM
(168 funds rated)
10-yr. Morningstar RatingTM
(111 funds rated)
Overall Morningstar Risk Below Average
HIGH
LOW
Category
Target-Date 2040
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 10/31/2024 (updated monthly).
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Lipper Leader Scorecard

Over-all 3 yr. 5 yr. 10 yr.
Consistent Return Within Category
Funds Rated
(194)
(194)
(162)
(102)
Expense Within Category
Funds Rated
(116)
(116)
(96)
(61)
Preservation Within Category
Funds Rated
(4456)
(4456)
(3931)
(2648)
Tax Efficiency Within Category
Funds Rated
(194)
(194)
(162)
(102)
Total Return Within Category
Funds Rated
(194)
(194)
(162)
(102)
Category Mixed-Asset Target 2040 Funds
KEY
HIGHEST LOWEST
As of 10/31/2024 (updated monthly)

Risk Measures

Fund
Standard Deviation
12.75
Sharpe Ratio
0.60
For the 10 Years ending 10/31/24 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
S&P Target Date 2040 Index
Morningstar Mod Tgt Risk TR USD
R-squared
99 96
Beta
0.99 1.25
Capture Ratio (Downside/Upside)
100/103 125/133
American Funds Benchmark for the 10 Years ending 10/31/24 (updated monthly).
Morningstar Benchmark for the 10 Years ending 10/31/24 (updated monthly).
U.S. Treasuries/Agencies
5.0%
AAA/Aaa
5.0%
AA/Aa
0.6%
A
1.6%
BBB/Baa
1.5%
BB/Ba
0.9%
B
0.4%
CCC & Below
0.1%
Unrated
0.2%
Cash & equivalents
3.7%
% of net assets as of 10/31/2024 (updated monthly)

Average Life Breakdown

0-4.9 Years
8.2%
5-9.9 Years
5.0%
10-19.9 Years
0.6%
20-29.9 Years
1.1%
30+ Years
0.1%
% of net assets as of 9/30/2024 (updated monthly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 17.7%
Industrials 11.8%
Health care 11.2%
Financials 11.1%
Consumer discretionary 8.8%
Communication services 6.4%
Consumer staples 4.8%
Energy 2.9%
Materials 2.8%
Utilities 2.1%
Real estate 1.3%

% of net assets as of 10/31/2024 (updated monthly)

Geographic Breakdown

Regions
United States
71.7%
Europe
12.3%
Asia & Pacific Basin
7.9%
Other (Including Canada & Latin America)
4.4%
Cash & equivalents
3.7%
% of net assets as of 10/31/2024 (updated monthly)

Prices & Distributions

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Historical Prices Month-End

2024

Historical Prices Year-End

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Historical Distributions as of 01/25/24

FIND HISTORICAL DISTRIBUTIONS
2023
Record
Date		 Calculated
Date		 Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
12/22/23 12/22/23 12/26/23 $0.266 $0.00 $0.1929 $0.00 $18.23
2023 Year-to-Date: Dividends Subtotal: $0.266 Cap Gains Subtotal: $0.1929
Total Distributions: $0.4589

Fees & Expenses

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Fees

Annual Management Fees 0.00%
Other Expenses 0.12%
Acquired (Underlying) Fund Fees and Expenses 0.36%
Service 12b-1 0.25%
As of each fund's most recent prospectus.
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Expense Ratio

FAUTX 0.73%
Lipper Mixed-Asset Target 2040 Funds Average
0.74%
Fund as of most recent prospectus. Lipper Category as of 9/30/24 (updated quarterly).