American Funds 2025 Target Date Retirement Income Fund

American Funds Target Date Retirement Series · 14 share classes

Target-date 2025 fund
One fund, 14 share classes:AADTXRADTXRBDTXRCDTXRDDTXREDTXRFDTXCCDTXFAPTXFBDTXRBEDXRHDTXFDDTXTDLMX
$31.48B NAV
21 positions · as of 2026-04-30 · filed 2026-06-26

Fund classification

Classified from what the fund holds · as of 2026 Q2

American Funds 2025 Target Date Retirement Income Fund is a target-date 2025 fund.

Asset class
Target-date
Region
United States
Management
Actively managed
Fund type
Open-end fund
Target year
2025
Features
Fund of funds

Fund profile

As filed in the prospectus · 2025 Q4

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.

Strategy · summarised

The fund invests in a portfolio of other American Funds, which the investment adviser periodically rebalances and modifies to shift the asset mix over time. Prior to its target retirement date, the fund emphasizes growth through allocations to growth and growth-and-income funds; as the target date approaches and passes, it gradually increases allocations to fixed income, equity-income and balanced funds to emphasize income and capital conservation. The fund continues to provide both equity and fixed income exposure for approximately 30 years after its target date, with the asset allocation becoming progressively more conservative throughout this period. Because the fund's returns depend on the performance and allocation decisions of the underlying funds it holds, changes to those underlying funds or their strategies will affect fund results.

Expenses
0.31% 1.40%across 14 share classes
Share classExpense ratio
AADTX0.63%
RADTX1.40%
RBDTX1.40%
RCDTX0.95%
RDDTX0.66%
REDTX0.36%
RFDTX0.31%
CCDTX1.38%
FAPTX0.67%
FBDTX0.39%
RBEDX1.10%
RHDTX0.45%
FDDTX0.31%
TDLMX0.63%

Portfolio turnover 7.00% · as of 2025 Q4

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

Partial coverage
99.89%
of net assets
Stocks99.89%

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 0 new0 exited

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

Share class1-year3-year5-yearVolWorst fall
+15.28%+36.88%+31.98%6.79%-6.15%
+14.34%+33.82%+27.02%6.88%-6.36%
+14.37%+33.79%+26.99%6.84%-6.39%
+14.89%+35.56%+29.82%6.87%-6.23%
+15.17%+36.81%+31.80%6.84%-6.16%
+15.54%+38.08%+33.84%6.83%-6.09%
+15.60%+38.21%+34.18%6.86%-6.04%
+14.47%+33.94%+27.18%6.83%-6.37%
+15.17%+36.70%+31.68%6.83%-6.14%
+15.57%+37.93%+33.57%6.90%-6.09%
+14.66%+34.92%+28.86%6.87%-6.28%
+15.44%+37.57%+33.10%6.87%-6.10%
+15.61%+38.24%+34.11%6.81%-6.07%
+15.54%+37.88%+33.67%6.84%-6.14%

These classes hold the same portfolio, so the 7.19pp spread over 5 years is the cost difference between them — roughly 1.44pp a year — not a difference in what they own.

Cumulative return· May 2023 – Apr 2026

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
INCOME FUND OF AMERICA (THE) (IFA)RIDGX9.39%$2.96B
BOND FUND OF AMERICA (THE) (BFA)8.28%$2.61B
AMERICAN BALANCED FUND (AMBAL)RLBGX8.04%$2.53B
AMERICAN FUNDS INFLATION LINKED BOND (ILBF)RILFX7.29%$2.30B
AMERICAN MUTUAL FUND (AMF)RMFGX6.07%$1.91B
INTERMEDIATE BOND FUND OF AMERICA5.96%$1.88B
AMERICAN FUNDS MORTGAGE (AFMF)RMAGX5.96%$1.88B
CAPITAL WORLD GROWTH & INCOME FUNDRWIGX5.69%$1.79B
CAPITAL INCOME BUILDER (CIB)RIRGX5.49%$1.73B
WASHINGTON MUTUAL INVESTORS FUND (WMIF)RWMGX5.04%$1.59B
Showing 10 of 21Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.

Top 10 positions are 67.21% of net assets, top 25 99.89%, across 21 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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