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American Funds 2035 Target Date Retirement Fund®
![Retirement Target Date
fund](/retirement/participant/img/fund-colors/fund-target-date.gif)
Overview
American Funds 2035 Target Date Retirement Fund may be appropriate for investors seeking:
- A prudent way to save for retirement in a single fund
- An investment that adjusts over time to meet their changing needs
- A portfolio of American Funds designed for someone retiring around 2035
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.
Manager
The fund is managed by Capital Research and Management Company, one of the nation’s oldest, largest investment management firms. Since 1931, Capital Research has invested with a long-term focus based on thorough research and attention to risk.
Fund information
- Began operations: 2/01/07
- Expense ratio:* 1.42%
- Investment expenses paid annually: $14.20 for a $1,000 balance
- Ticker symbol: CCFTX
*The expense ratios are as of each fund’s prospectus and include the weighted average expenses of the underlying funds. Please see the fund’s most recent prospectus for details.
You can estimate the investment expenses you’re paying annually by multiplying your balance in the fund by the net expense ratio.
Underlying funds
(as of 6/30/24; percentage of net assets; holdings are subject to change)
American Funds Global Balanced FundSM will be added to the glide path effective January 2, 2015.
Growth
24.4%
- AMCAP Fund® 6.2%
- American Funds® Global Insight Fund 3.9%
- The Growth Fund of America® 6.2%
- The New Economy Fund® 0.4%
- New Perspective Fund® 3.4%
- New World Fund® 0.2%
- SMALLCAP World Fund® 4.1%
Growth-and-income
31.2%
- American Mutual Fund® 7.0%
- Capital World Growth and Income Fund® 6.9%
- Fundamental Investors® 6.1%
- International Growth and Income Fund 2.0%
- The Investment Company of America® 4.0%
- Washington Mutual Investors Fund 5.1%
Equity-income/Balanced
20.9%
- American Balanced Fund® 8.0%
- American Funds® Global Balanced Fund 4.9%
- Capital Income Builder® 3.9%
- The Income Fund of America® 4.0%
Bond
23.5%
Past results
The bar graph below shows the fund’s annual results and illustrates the fund’s fluctuations over the past 10 years. (Class C shares were first offered on March 15, 2001 (on February 21, 2014, in funds in the American Funds Target Date Retirement Series). Class C share returns prior to the date of the first sale are hypothetical results based on Class A share returns without a sales charge, adjusted for typical additional annual expenses of about 0.82% on average over the first 10 years. Shares of some funds were not sold on the first day available; please see the fund’s most recent shareholder report for the actual date of first sale.)
Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown here. For more current information and month-end results, click here. Share price and return will vary, so you may lose money. Investing for short periods makes losses more likely. Unless otherwise indicated, all results are calculated at net asset value. Returns at net asset value would have been lower if the contingent deferred sales charge had been deducted. Returns with CDSC reflect deduction of a contingent deferred sales charge (1%) on shares sold within the first year of purchase.
Average annual total returns through 6/30/24
Class C Shares
Latest10 years | Latest5 years | Latest3 years | Latestyear | |
---|---|---|---|---|
At net asset value | 7.29% | 7.90% | 2.42% | 13.65% |
With CDSC | 7.29% | 7.90% | 2.42% | 12.65% |
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, investment results reflect fee waivers and/or expense reimbursements, without which the results would have been lower. Read details about how waivers and/or reimbursements affect the results for each fund.
Class C shares were first offered on March 15, 2001. Class C share results prior to the date of first sale are hypothetical based on Class A share results without a sales charge, adjusted for estimated additional annual expenses. Results for certain funds with an inception date after March 15, 2001, also include hypothetical returns because those funds’ Class C shares sold after the funds’ date of first offering. Class C shares convert to Class A shares after 8 years. Prior to 6/30/2020, Class C shares converted to Class F-1 shares after 10 years. View dates of first sale and specific expense adjustment information for Class C shares.