About CCHTX
American Funds 2045 Target Date Retirement Fund Class C is a target-date mutual fund designed to support long-term retirement savings. Its primary function is to offer a professionally managed, diversified portfolio that automatically adjusts its asset allocation over time, aligning with the anticipated retirement date of 2045. Early in the lifecycle, the fund emphasizes growth by investing predominantly in equities. As the target date approaches, it gradually shifts to a more conservative mix, increasing allocations to fixed income and equity-income assets to prioritize income generation and capital preservation.
The fund pools investments in numerous underlying American Funds, providing exposure to both domestic and international markets across a range of sectors and asset classes. This multi-fund structure, overseen by seasoned managers at Capital Research and Management Company, is intended to balance total return and stability for participants nearing or entering retirement. With ongoing management extending up to 30 years after the target date, the fund is structured to meet the evolving needs of retirees, adjusting its risk profile appropriately over time. As a result, it plays a vital role for individuals seeking a single-fund retirement solution that adapts as their investment horizon shortens.
Fund Family Capital Group
Category Target-Date 2045
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol CCHTX
Share Class Class C
Index S&P Target Date 2045 TR
CCHTX had a total return of 16.65% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.42%.
