American Funds 2040 Target Date Retirement Fd Cl F-1

American Funds 2040 Target Date Retirement Fund Class F-1 (FAUTX) is a mutual fund managed by Capital Group, designed for investors planning to retire around the year 2040, with a primary objective of achieving growth, income, and conservation of capital. The fund employs a glide path strategy, progressively shifting its asset allocation toward fixed income, equity-income, and balanced investments as it approaches and surpasses its target retirement date. To accomplish its objectives, the fund invests in a diversified mix of underlying American Funds spanning a broad range of categories, including growth, growth-and-income, equity-income, balanced, and fixed income funds, in varying combinations and weightings. With approximately $54.4 billion in total assets, a net expense ratio of 0.72%, and an asset allocation of roughly 80% equities and 14% bonds as of late 2024, FAUTX is categorized by Morningstar under the Target-Date 2040 peer group and has delivered a 10-year annualized return of approximately 10.29% as of mid-2025.