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Overview

Internal Prompt
Price at NAV $21.20 as of 12/20/2024 (updated daily)
Fund Assets (millions) $45,704.9
Target Date Solutions Committee Members
1
8
Expense Ratio
(Gross/Net %)
2
0.71 / 0.71%

Asset Mix
3

U.S. Equities59.1%
Non-U.S. Equities21.7%
U.S. Bonds12.7%
Non-U.S. Bonds2.4%
Cash & Equivalents
4
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 A Shares, this chart tracks the 10-year standard deviation
5
and 10-year annualized return of the equity funds
AAGTX
S&P Target Date 2040 Index
Other AF Funds
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

Prices and returns will vary, so investors may lose money. View .

Returns at net asset value (NAV) do not reflect a sales charge. If a sales charge had been deducted, the results would have been lower.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund, which can be obtained from a financial professional and should be read carefully before investing.

The return of principal for bond portfolios and for portfolios with significant underlying bond holdings is not guaranteed. Investments are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings.

The use of derivatives involves a variety of risks, which may be different from, or greater than, the risks associated with investing in traditional securities, such as stocks and bonds.

Lower rated bonds are subject to greater fluctuations in value and risk of loss of income and principal than higher rated bonds.

While not directly correlated to changes in interest rates, the values of inflation-linked bonds generally fluctuate in response to changes in real interest rates and may experience greater losses than other debt securities with similar durations.

Investing outside the United States involves risks, such as currency fluctuations, periods of illiquidity and price volatility. These risks may be heightened in connection with investments in developing countries.

Investments in mortgage-related securities involve additional risks, such as prepayment risk.

Interests in Capital Group's U.S. Government Securities portfolios are not guaranteed by the U.S. government.

Smaller company stocks entail additional risks, and they can fluctuate in price more than larger company stocks.

Allocations may not achieve investment objectives. The portfolios' risks are related to the risks of the underlying funds as described herein, in proportion to their allocations.

Although the target date portfolios are managed for investors on a projected retirement date time frame, the allocation strategy does not guarantee that investors' retirement goals will be met. Investment professionals manage the portfolio, moving it from a more growth-oriented strategy to a more income-oriented focus as the target date gets closer. The target date is the year that corresponds roughly to the year in which an investor is assumed to retire and begin taking withdrawals. Investment professionals continue to manage each portfolio for approximately 30 years after it reaches its target date.

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

Investment results assume all distributions are reinvested and reflect applicable fees and expenses.

When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower and net expenses higher. Please refer to capitalgroup.com for more information.  about how waivers and/or reimbursements affect the results for each fund. View .

  1. Calculated by Morningstar. Due to differing calculation methods, the figures shown here may differ from those calculated by Capital Group.

Capital Client Group, Inc.

Use of this website is intended for U.S. residents only.

This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.

© Morningstar, Inc. All Rights Reserved. Some of the information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar, its content providers nor Capital Group are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Information is calculated by Morningstar. Due to differing calculation methods, the figures shown here may differ from those calculated by Capital Group.

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

Read important investment disclosures
16.06%
1-year return
8.89%
5-year return
8.43%
10-year return
1.22%
30-Day SEC Yield
Returns as of 11/30/24 (updated monthly). Yield as of 11/30/24 (updated monthly).

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
102,922
Regular Dividends Paid
6
Dec
Minimum Initial Investment $250
Capital Gains Paid
6
Dec
Portfolio Turnover (2024) 6%
Fiscal Year-End Oct
Prospectus Date 01/01/2024
CUSIP 02630T 57 1
Fund Number 67

Returns

Internal Prompt

Month-End Returns as of 11/30/24

Quarter-End Returns as of 9/30/24

Growth of 10K
8

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.
AAGTX
S&P Target Date 2040 Index

High & Low Prices

Internal Prompt

Yield

12-month
Distribution Rates
9
30-day SEC Yield
Fund at NAV 1.24% N/A
Fund at MOP 1.17% 1.22%
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
1

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.

Portfolio Composition

Morningstar Rating TM
10


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
Ratings are based on risk-adjusted returns as of 11/30/2024 (updated monthly).
Internal Prompt

Lipper Leader Scorecard
11

Over-all 3 yr. 5 yr. 10 yr.
Consistent Return Within Category
Funds Rated

(192)

(192)

(160)

(101)
Expense Within Category
Funds Rated

(30)

(30)

(24)

(18)
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
5
12.78
Sharpe Ratio
5
0.60
For the 10 Years ending 11/30/24 (updated monthly).
American Funds
Benchmark
12
Morningstar
Benchmark
5
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) 100/103 125/132
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
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
3

Equities Breakdown

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

United States
71.8%
Europe
11.7%
Asia & Pacific Basin
7.9%
Other (Including Canada & Latin America)
4.4%
Cash & equivalents
4
4.1%
% of net assets as of 11/30/2024 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 01/25/24

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 $0.2709 $0.00 $0.1929 $0.00 $18.37
2023 Year-to-Date: Dividends Subtotal: $0.2709 Cap Gains Subtotal: $0.1929
Total Distributions: $0.4638

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 0.25%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio
2

AAGTX 0.71%
Lipper Mixed-Asset Target 2040 Funds Average
13
0.82%
Fund as of most recent prospectus. Lipper Category as of 9/30/24 (updated quarterly).