American Funds 2040 Target Date Retirement Fund Class A (AAGTX)
American Funds 2040 Target Date Retirement Fund Class A operates in the Asset Management industry of the Financial Services sector, headquartered in Los Angeles, CA, US. The stock last traded at $25.40, up 0.20% on the session, giving a market capitalisation of $54.20B. Its beta of 1.12 implies it has historically moved more than the broad market.
The fund utilizes a dynamic asset allocation strategy, gradually shifting its portfolio to hold a larger proportion of its assets in less volatile options such as fixed income, equity-income, and balanced funds as it nears and then passes its specific target retirement year. To achieve its goals, the fund's advisor builds its portfolio by investing in a diverse selection of underlying American Funds, employing distinct combinations and proportional weightings. These underlying components represent a wide range of investment approaches, including growth, growth-and-income, equity-income, balanced, and fixed income funds, each chosen for their unique objectives and strategic contributions.
American Funds 2040 Target Date Retirement Fund Class A is most often compared with the following Financial Services names: