News & Announcements

June 27, 2024

Introducing a new American Funds target date fund

On June 27, the American Funds 2070 Target Date Retirement Fund was added to the American Funds Target Date Retirement Series® (Series) in our retirement plan solutions. The 2070 Fund is now available for RecordkeeperDirect® and PlanPremier® plans that offer the Series.

Like the other funds in the Series, the 2070 Fund invests in a mix of American Funds that will evolve as the target date approaches and passes. The 2070 Fund is designed for investors who plan to retire in or within a few years of 2070.

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 prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.

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.

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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.