American Funds 2040 Target Date Retirement Fd Cl F-1 FAUTX NASDAQ

American Funds 2040 Target Date Retirement Fund Class F-1 is a target-date mutual fund designed to provide growth, income, and capital preservation for investors planning to retire around 2040. The fund dynamically adjusts its asset allocation by gradually shifting toward a greater emphasis on fixed income, equity-income, and balanced funds as it approaches and passes its target retirement date. To achieve its investment objectives, the fund invests in a diversified portfolio of American Funds spanning multiple categories, including growth funds, growth-and-income funds, equity-income funds, balanced funds, and fixed income funds. This multi-fund strategy allows the fund to balance risk and return according to the target date's life cycle stage.