About CCGDX
The American Funds 2070 Target Date Retirement Fund Class C is a target date mutual fund designed to support investors planning to retire around the year 2070. Its primary purpose is to offer a diversified investment portfolio that gradually shifts its asset allocation as the target retirement date approaches. Early in the investor’s career, the fund emphasizes growth by investing mostly in equity funds. Over time, its strategy becomes more conservative, increasing allocations to fixed income, equity-income, and balanced funds to emphasize income and capital preservation as retirement nears.
The fund invests in a mix of underlying American Funds spanning a variety of styles, such as growth, growth-and-income, balanced, and fixed income funds, providing broad diversification across sectors and geographies. The fund's "glide path" gradually transitions the portfolio from higher-risk, higher-growth investments to more stable assets. The American Funds Target Date Retirement Series is recognized for its emphasis on maintaining equity exposure—particularly to dividend-paying stocks—longer than some peers, aiming to help manage the risk of outliving retirement savings while also seeking to manage market volatility. This fund is tailored for long-term retirement planning, allowing investors to remain invested in a professionally managed, adaptive portfolio throughout their journey to and through retirement.
Fund Family Capital Group
Category Target-Date 2065+
Stock Exchange NASDAQ
Ticker Symbol CCGDX
Share Class Class C
Index Index is not provided by Management Company
CCGDX had a total return of 17.32% in the past year, including dividends. Since the fund's
inception, the average annual return has been 18.75%.
