About CCITX
The American Funds 2050 Target Date Retirement Fund Class C is a mutual fund designed to help investors prepare for retirement around the year 2050. Its primary function is to provide a diversified investment solution that automatically adjusts its asset allocation over time—starting with a higher emphasis on growth-oriented equities and gradually shifting toward greater income generation and capital preservation as the target retirement date approaches. The fund achieves diversification by investing in a selection of underlying American Funds, which span various asset classes and sectors, including domestic and international equities, fixed income, and balanced funds. Sectors represented include information technology, industrials, financials, health care, and consumer discretionary, among others. As part of its glide path strategy, the fund reduces exposure to equities and increases fixed income holdings as investors near retirement, aiming to balance growth potential and stability. Managed by Capital Research and Management Company, the fund is structured for individuals seeking a single, professionally managed portfolio that evolves with their retirement timeline, playing a significant role in long-term retirement planning for working individuals.
Fund Family Capital Group
Category Target-Date 2050
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol CCITX
Share Class Class C
Index S&P Target Date 2050 TR
CCITX had a total return of 13.75% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.25%.
