American Funds 2045 Target Date Retirement Fund
Target-date 2045 fund
As of its 2026 Q2 report, American Funds 2045 Target Date Retirement Fund held 25 positions with $46.63B in net assets. Its ten largest holdings made up 69.3% of the fund. The AAHTX share class costs 0.69% a year. Over the 12 months to May 2026, AAHTX returned 25.4%, with dividends reinvested. In 2026 Q3 it added no new positions and exited none.
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 mix of American Funds across growth, growth-and-income, equity-income, balanced, and fixed income categories, rather than holding securities directly. Its asset allocation shifts progressively toward fixed income and away from equities as the target retirement date approaches and passes, then continues to evolve for approximately 30 years after that date. The investment adviser periodically rebalances the underlying fund mix and may modify allocations, though it may choose not to change them in response to short-term market movements. Because the fund's returns depend on the performance and allocation decisions of the underlying funds it holds, results will diverge from any fixed benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
RFNGXFUNDAMENTAL INVESTORS | 7.71% | $3.60B | 36.2M | $99.44 |
RLBGXAMERICAN BALANCED FUND (AMBAL) | 7.36% | $3.43B | 86.6M | $39.60 |
RWIGXCAPITAL WORLD GROWTH & INCOME FUND | 7.20% | $3.36B | 43.2M | $77.70 |
GROWTH FUND OF AMERICA (THE) | 7.17% | $3.34B | 40.5M | $82.59 |
RMFGXAMERICAN MUTUAL FUND (AMF) | 7.03% | $3.28B | 53.0M | $61.84 |
RNPGXNEW PERSPECTIVE FUND (NPF) | 6.97% | $3.25B | 44.9M | $72.36 |
AMCAP FUND | 6.95% | $3.24B | 66.6M | $48.65 |
RWMGXWASHINGTON MUTUAL INVESTORS FUND (WMIF) | 6.72% | $3.13B | 46.4M | $67.51 |
RLLGXSMALLCAP WORLD FUND INC | 6.71% | $3.13B | 37.2M | $84.04 |
NEW WORLD FUND INC | 5.53% | $2.58B | 25.3M | $101.69 |
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.
All 25 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.99% |
How it has done
AAHTX share class · total returns with dividends reinvested
Volatility over the last 12 months: 12.27%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 14 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.69% | +25.37% | +70.44% | +57.74% | -8.55% | |
| 1.46% | +24.36% | +66.53% | +51.76% | -8.70% | |
| 1.46% | +24.34% | +66.52% | +51.72% | -8.73% | |
| 1.01% | +24.98% | +68.85% | +55.28% | -8.63% | |
| 0.72% | +25.30% | +70.31% | +57.60% | -8.57% | |
| 0.42% | +25.68% | +71.85% | +59.93% | -8.50% | |
| 0.37% | +25.73% | +72.09% | +60.35% | -8.43% | |
| 1.45% | +24.44% | +66.72% | +52.07% | -8.73% | |
| 0.73% | +25.26% | +70.20% | +57.40% | -8.57% | |
| 0.45% | +25.63% | +71.61% | +59.66% | -8.48% | |
| 1.16% | +24.77% | +68.05% | +54.06% | -8.63% | |
| 0.51% | +25.55% | +71.30% | +59.17% | -8.47% | |
| 0.37% | +25.73% | +72.11% | +60.31% | -8.47% | |
| 0.70% | +25.62% | +71.69% | +59.69% | -8.53% |
These classes hold the same portfolio, so the 8.63pp spread over 5 years is the cost difference between them — roughly 1.73pp a year — not a difference in what they own.
Fees & fund details
American Funds 2045 Target Date Retirement Fund is a target-date 2045 fund.
- Asset class
- Target-date
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Target year
- 2045
- Features
- Fund of funds
- Expense ratio, by class
- 0.37% – 1.46%· AAHTX 0.69%
- Portfolio turnover
- 9.00% a year · as of 2025 Q4
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
0 new
0 exited
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