American Funds 2040 Target Date Retirement Fd Cl F-1 (FAUTX)
American Funds 2040 Target Date Retirement Fd Cl F-1 operates in the Asset Management industry of the Financial Services sector, headquartered in Los Angeles, CA, US. The stock last traded at $25.16, 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.
This fund aims to accomplish three main goals: achieving capital appreciation, producing regular income, and safeguarding its principal. Its investment approach adjusts over time; specifically, as the fund approaches and then passes its target retirement date, it increasingly allocates a larger portion of its portfolio to fixed income, equity-income, and balanced strategies. To fulfill these objectives, the fund's manager strategically builds a diversified portfolio from various American Funds, utilizing different mixtures and weightings. This foundational group of American Funds encompasses a wide array of investment styles, including those focused on pure growth, growth with income, equity income, balanced portfolios, and fixed income instruments. Each of these distinct fund categories is characterized by its own particular set of investment aims.
American Funds 2040 Target Date Retirement Fd Cl F-1 is most often compared with the following Financial Services names: