American Funds 2070 Trgt Date Retire A (AAFJX)
| Fund Assets | 172.52M |
| Expense Ratio | n/a |
| Min. Investment | $250 |
| Turnover | 7.00% |
| Dividend (ttm) | 0.07 |
| Dividend Yield | 0.55% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 26, 2024 |
| Previous Close | 12.04 |
| YTD Return | 9.91% |
| 1-Year Return | n/a |
| 5-Year Return | n/a |
| 52-Week Low | 9.66 |
| 52-Week High | 12.13 |
| Beta (5Y) | n/a |
| Holdings | 16 |
| Inception Date | May 3, 2024 |
About AAFJX
The American Funds 2070 Target Date Retirement Fund Class A is a diversified mutual fund designed to help investors plan for retirement around the year 2070. As a target date fund, it automatically adjusts its asset allocation over time, initially focusing on growth through equities and gradually shifting toward income generation and capital preservation as the target retirement year approaches. This dynamic "glide path" structure seeks to meet the evolving needs of investors throughout their working years and into retirement. The fund invests in a broad mix of underlying American Funds, providing exposure to domestic and international stocks, bonds, and other asset classes. Notably, it places a greater emphasis on stocks—particularly dividend-paying equities—than some comparable target date funds, aiming to manage longevity risk and support retirement income while balancing market volatility. The portfolio is actively managed by the Capital Group’s experienced investment professionals, who oversee allocations to respond to changing market conditions and participant needs. Serving as a single-fund solution for retirement saving, the American Funds 2070 Target Date Retirement Fund Class A is widely utilized in retirement plans due to its hands-off, professionally managed approach and focus on long-term financial security.
Top 10 Holdings
80.00% of assets| Name | Symbol | Weight |
|---|---|---|
| American Funds New Perspective Fund® Class R-6 | RNPGX | 10.01% |
| American Funds SMALLCAP World Fund® Class R-6 | RLLGX | 9.99% |
| American Funds Fundamental Investors® Class R-6 | RFNGX | 8.99% |
| American Funds New World Fund® Class R-6 | RNWGX | 8.01% |
| American Funds Washington Mutual Investors Fund Class R-6 | RWMGX | 8.01% |
| American Funds Capital World Growth and Income Fund® Class R-6 | RWIGX | 7.99% |
| American Funds AMCAP Fund® Class R-6 | RAFGX | 7.01% |
| American Funds Investment Company of America® Class R-6 | RICGX | 7.00% |
| American Funds The Growth Fund of America® Class R-6 | RGAGX | 6.99% |
| American Funds American Balanced Fund® Class R-6 | RLBGX | 6.00% |