About FAETX
American Funds 2030 Target Date Retirement Fund F-1 is a target-date mutual fund designed to help investors prepare for retirement around the year 2030. The fund's primary purpose is to achieve a balanced combination of growth, income, and capital preservation by dynamically adjusting its asset allocation as it approaches and passes the target date. Initially, the portfolio focuses more heavily on growth-oriented investments like equity funds but gradually shifts toward fixed income and equity-income strategies to prioritize stability and income nearer to retirement.
The fund is managed by Capital Research and Management Company, leveraging a diversified blend of underlying American Funds covering various sectors, including equities, fixed income, and balanced funds. As of recent data, approximately 41.5% of assets are allocated to U.S. equities, 35.2% to U.S. bonds, and the remainder across non-U.S. assets and cash equivalents. This structure makes the fund suitable for investors seeking a single, professionally managed solution that evolves with their life stage. With over $50 billion in assets and a comparatively low expense ratio, the fund plays a significant role within the retirement savings landscape, offering broad diversification and automatic rebalancing to address changing risk profiles over time.
Fund Family Capital Group
Category Target-Date 2030
Performance Rating High
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol FAETX
Share Class Class F-1
Index S&P Target Date 2030 TR
FAETX had a total return of 12.68% in the past year, including dividends.
Since the fund's inception, the average annual return has been 7.97%.
