About RFGTX
The American Funds 2040 Target Date Retirement Fund Class R-6 is a mutual fund designed to simplify retirement investing for individuals planning to retire around the year 2040. Its primary function is to deliver a diversified, professionally managed portfolio that dynamically adjusts its asset allocation over time. Early in the investment horizon, the fund emphasizes growth through higher allocations to equities such as information technology, financials, and industrials. As the target retirement date approaches and passes, it gradually shifts to a more conservative mix, increasing allocations to fixed income and equity-income assets to prioritize income and capital preservation.
Managed by Capital Research and Management Company, one of the oldest and largest investment management firms in the U.S., the fund invests in a broad mix of underlying American Funds, offering exposure to both domestic and international markets across equity, balanced, and bond fund categories. It serves as a turnkey solution for retirement savers, aiming to balance growth potential with long-term stability. The Class R-6 share class is tailored for retirement plans, offering a low expense ratio and no front-end sales charges or 12b-1 fees, making it an efficient choice for institutional and workplace retirement platforms.
Fund Family Capital Group
Category Target-Date 2040
Performance Rating High
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol RFGTX
Share Class Class R-6
Index S&P Target Date 2040 TR
RFGTX had a total return of 17.65% in the past year, including dividends. Since the fund's
inception, the average annual return has been 15.90%.
