American Funds 2040 Target Date Retirement Fund
American Funds Target Date Retirement Series · 14 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
American Funds 2040 Target Date Retirement Fund is a target-date 2040 fund.
- Asset class
- Target-date
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Target year
- 2040
- 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.
The fund invests in a portfolio of other American Funds whose mix shifts progressively toward greater fixed income and equity-income exposure as the target retirement date approaches and passes. The investment adviser periodically reviews and rebalances the underlying fund allocations, adjusting the asset mix to reflect the fund's glide path strategy. Because the fund's returns depend on the performance and allocation decisions of the underlying funds it holds, changes to those funds' strategies or weightings will affect results.
| Share class | Expense ratio |
|---|---|
| AAGTX | 0.68% |
| RAKTX | 1.45% |
| RBKTX | 1.45% |
| RCKTX | 1.00% |
| RDGTX | 0.71% |
| REGTX | 0.41% |
| RFGTX | 0.36% |
| CCGTX | 1.44% |
| FAUTX | 0.72% |
| FBGTX | 0.44% |
| RBEKX | 1.15% |
| RHGTX | 0.50% |
| FCGTX | 0.36% |
| TDFOX | 0.69% |
Portfolio turnover 10.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.97% |
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +25.12% | +59.04% | +50.89% | 11.52% | -8.21% | |
| +24.21% | +55.43% | +45.24% | 11.55% | -8.38% | |
| +24.15% | +55.46% | +45.22% | 11.51% | -8.41% | |
| +24.69% | +57.56% | +48.47% | 11.51% | -8.32% | |
| +25.07% | +58.90% | +50.75% | 11.54% | -8.23% | |
| +25.46% | +60.36% | +53.02% | 11.54% | -8.17% | |
| +25.54% | +60.60% | +53.39% | 11.54% | -8.15% | |
| +24.24% | +55.60% | +45.44% | 11.50% | -8.43% | |
| +25.09% | +58.90% | +50.58% | 11.54% | -8.22% | |
| +25.45% | +60.19% | +52.78% | 11.55% | -8.15% | |
| +24.56% | +56.85% | +47.42% | 11.50% | -8.38% | |
| +25.33% | +59.90% | +52.26% | 11.51% | -8.18% | |
| +25.50% | +60.66% | +53.41% | 11.50% | -8.18% | |
| +25.45% | +60.26% | +52.80% | 11.55% | -8.19% |
These classes hold the same portfolio, so the 8.19pp spread over 5 years is the cost difference between them — roughly 1.64pp a year — not a difference in what they own.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| RLBGX | AMERICAN BALANCED FUND (AMBAL)RLBGX | 8.02% | $39.60 | $4.24B | 107.1M |
| RMFGX | AMERICAN MUTUAL FUND (AMF)RMFGX | 7.04% | $61.84 | $3.72B | 60.2M |
| RWIGX | CAPITAL WORLD GROWTH & INCOME FUNDRWIGX | 7.02% | $77.70 | $3.71B | 47.8M |
| RFNGX | FUNDAMENTAL INVESTORSRFNGX | 6.71% | $99.44 | $3.55B | 35.7M |
| — | GROWTH FUND OF AMERICA (THE) | 6.67% | $82.59 | $3.53B | 42.7M |
| — | AMCAP FUND | 6.65% | $48.65 | $3.52B | 72.3M |
| RNPGX | NEW PERSPECTIVE FUND (NPF)RNPGX | 5.78% | $72.36 | $3.05B | 42.2M |
| RWMGX | WASHINGTON MUTUAL INVESTORS FUND (WMIF)RWMGX | 5.73% | $67.51 | $3.03B | 44.8M |
| RLLGX | SMALLCAP WORLD FUND INCRLLGX | 5.41% | $84.04 | $2.86B | 34.0M |
| — | U S GOVERNMENT SECURITIES FUND (GVT) | 4.96% | $11.95 | $2.62B | 219.2M |
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 63.99% of net assets, top 25 99.64%, across 26 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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