Investment Fund

Purchase Restrictions: Class F-2 shares are available through certain registered investment advisor and fee-based programs, but are not available for purchase in most employer-sponsored retirement plans. See the prospectus for details.

Summary

Internal Prompt
Price at NAV $21.24 as of 12/20/2024 (updated daily)
Fund Assets (millions) $45,704.9
Target Date Solutions Committee Members
8
Expense Ratio
(Gross/Net %)
0.46 / 0.46%
Quarterly Fund Fact Sheet (PDF)
Prospectus

Asset Mix

U.S. Equities59.1%
Non-U.S. Equities21.7%
U.S. Bonds12.7%
Non-U.S. Bonds2.4%
Cash & Equivalents
4.1%
As of 11/30/2024 (updated monthly)

Fund Statistics

5.9 years
Effective Duration
4.9%
Average Yield
to Worst
4%
Average Coupon
% of net assets as of 11/30/2024 (updated monthly)
Internal Prompt

Volatility & Return

Read important investment disclosures

Equities

For Class F-2 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
FBGTX
S&P Target Date 2040 Index
Other AF Funds
Standard Deviation as of 11/30/2024 (updated monthly) . Annualized return as of 11/30/2024 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

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 11/30/2024
 $45,704.9
Companies/Issuers
Holdings are as of 11/30/2024 (updated monthly).
 3161+
Shareholder Accounts
Shareholder accounts are as of 11/30/2024
 5,459
Regular Dividends Paid
Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2024) 6%
Fiscal Year-End Oct
Prospectus Date 01/01/2024
CUSIP 02631C 67 6
Fund Number 667

Returns

Internal Prompt

Month-End Returns as of 11/30/24

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

Quarter-End Returns as of 9/30/24

Growth of 10K

Read important investment disclosures
For Class F-2 Shares, this chart tracks a hypothetical investment with dividends reinvested, over the last 20 years, or since inception date if the fund has been in existence under 20 years, through 12/31/2023.
FBGTX
S&P Target Date 2040 Index
VIEW LARGER CHART

High & Low Prices

Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 1.44% 1.54%
Fund at MOP N/A N/A
As of 11/30/2024 (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(191)
3-yr. Morningstar RatingTM
(191 funds rated)
5-yr. Morningstar RatingTM
(165 funds rated)
10-yr. Morningstar RatingTM
(109 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 11/30/2024 (updated monthly).
Internal Prompt

Lipper Leader Scorecard

Over-all 3 yr. 5 yr. 10 yr.
Consistent Return Within Category
Funds Rated
(192)
(192)
(160)
(101)
Expense Within Category
Funds Rated
(114)
(114)
(94)
(60)
Preservation Within Category
Funds Rated
(4406)
(4406)
(3884)
(2625)
Tax Efficiency Within Category
Funds Rated
(192)
(192)
(160)
(101)
Total Return Within Category
Funds Rated
(192)
(192)
(160)
(101)
Category Mixed-Asset Target 2040 Funds
KEY
HIGHEST LOWEST
As of 11/30/2024 (updated monthly)

Risk Measures

Fund
Standard Deviation
12.78
Sharpe Ratio
0.62
For the 10 Years ending 11/30/24 (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)
99/104 124/133
American Funds Benchmark for the 10 Years ending 11/30/24 (updated monthly).
Morningstar Benchmark for the 10 Years ending 11/30/24 (updated monthly).
U.S. Treasuries/Agencies
4.8%
AAA/Aaa
5.0%
AA/Aa
0.6%
A
1.5%
BBB/Baa
1.5%
BB/Ba
0.9%
B
0.5%
CCC & Below
0.1%
Unrated
0.2%
Cash & equivalents
4.1%
% of net assets as of 11/30/2024 (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 17.4%
Industrials 11.9%
Financials 11.8%
Health care 10.6%
Consumer discretionary 9.1%
Communication services 6.4%
Consumer staples 4.7%
Energy 2.8%
Materials 2.8%
Utilities 2.0%
Real estate 1.3%

% of net assets as of 11/30/2024 (updated monthly)

Geographic Breakdown

Regions
United States
71.8%
Europe
11.7%
Asia & Pacific Basin
7.9%
Other (Including Canada & Latin America)
4.4%
Cash & equivalents
4.1%
% of net assets as of 11/30/2024 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

2024

Historical Prices Year-End

Internal Prompt

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 $0.3139 $0.00 $0.1929 $0.00 $18.36
2023 Year-to-Date: Dividends Subtotal: $0.3139 Cap Gains Subtotal: $0.1929
Total Distributions: $0.5068

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.00%
Other Expenses 0.10%
Acquired (Underlying) Fund Fees and Expenses 0.36%
Service 12b-1 --
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

FBGTX 0.46%
Lipper Mixed-Asset Target 2040 Funds Average
0.67%
Fund as of most recent prospectus. Lipper Category as of 9/30/24 (updated quarterly).