Investment Fund

Share Class

Summary

Internal Prompt
Price at NAV $21.52 as of 12/20/2024 (updated daily)
Fund Assets (millions) $34,771.1
Target Date Solutions Committee Members
8
Expense Ratio
(Gross/Net %)
0.71 / 0.71%
Prospectus

Asset Mix

U.S. Equities62.6%
Non-U.S. Equities23.8%
U.S. Bonds7.7%
Non-U.S. Bonds1.7%
Cash & Equivalents
4.1%
As of 11/30/2024 (updated monthly)

Fund Statistics

6.3 years
Effective Duration
5.2%
Average Yield
to Worst
4.5%
Average Coupon
% of net assets as of 11/30/2024 (updated monthly)

Growth of 10K

Read important investment disclosures
For Class A 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.
AALTX
S&P Target Date 2050 Index
VIEW LARGER CHART

High & Low Prices

Internal Prompt

Returns at NAV

Returns with Sales Charge

Read important investment disclosures
17.05%
1-year return
9.16%
5-year return
8.69%
10-year return
1.08%
30-Day SEC Yield
Returns as of 11/30/24 (updated monthly). Yield as of 11/30/24 (updated monthly).

Description

Fund 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
 $34,771.1
Companies/Issuers
Holdings are as of 11/30/2024 (updated monthly).
 2988+
Shareholder Accounts
Shareholder accounts are as of 11/30/2024
 117,820
Regular Dividends Paid
Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2024) 5%
Fiscal Year-End Oct
Prospectus Date 01/01/2024
CUSIP 02630T 44 9
Fund Number 69

Returns

Internal Prompt

Month-End Returns as of 11/30/24

Returns at NAV
| With Sales Charge
Read important investment disclosures
AALTX
S&P Target Date 2050 Index
ANNUAL RETURNS CHART

Quarter-End Returns as of 9/30/24

Internal Prompt

Volatility & Return

Read important investment disclosures

Equities

For Class A Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
AALTX
S&P Target Date 2050 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

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 1.08% N/A
Fund at MOP 1.02% 1.08%
As of 11/30/2024 (updated monthly)

Valuation

Price/ Price/ Price/
Book
Cash Flow
Earnings
Fund 3.58 13.54 19.08
S&P Target Date 2050 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(189)
3-yr. Morningstar RatingTM
(189 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 2050
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 11/30/2024 (updated monthly).

Risk Measures

Fund
Standard Deviation
13.29
Sharpe Ratio
0.60
For the 10 Years ending 11/30/24 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
S&P Target Date 2050 Index
Morningstar Mod Tgt Risk TR USD
R-squared
98 96
Beta
0.96 1.30
Capture Ratio (Downside/Upside)
97/100 130/137
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
2.7%
AAA/Aaa
4.1%
AA/Aa
0.3%
A
0.8%
BBB/Baa
0.9%
BB/Ba
0.5%
B
0.1%
CCC & Below
0.0%
Unrated
0.1%
Cash & equivalents
4.1%
% of net assets as of 11/30/2024 (updated monthly)

Average Life Breakdown

0-4.9 Years
5.6%
5-9.9 Years
2.9%
10-19.9 Years
0.4%
20-29.9 Years
0.5%
30+ Years
0.0%
% of net assets as of 9/30/2024 (updated monthly)

Holdings

Equities Breakdown

Sectors | Top Industries
Equity Fund Holdings
 Information technology 18.8%
Industrials 13.0%
Financials 12.4%
Health care 11.4%
Consumer discretionary 10.1%
Communication services 6.8%
Consumer staples 4.8%
Materials 3.0%
Energy 2.9%
Utilities 2.0%
Real estate 1.3%

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

Geographic Breakdown

Regions
United States
70.4%
Europe
11.9%
Asia & Pacific Basin
9.0%
Other (Including Canada & Latin America)
4.7%
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 $0.2384 $0.00 $0.2004 $0.00 $18.52
2023 Year-to-Date: Dividends Subtotal: $0.2384 Cap Gains Subtotal: $0.2004
Total Distributions: $0.4388

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.00%
Other Expenses 0.10%
Acquired (Underlying) Fund Fees and Expenses 0.37%
Service 12b-1 0.24%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

AALTX 0.71%
Lipper Mixed-Asset Target 2050 Funds Average
0.82%
Fund as of most recent prospectus. Lipper Category as of 9/30/24 (updated quarterly).