American Funds 2040 Target Date Retirement Fund Class A
AAGTX
NASDAQ- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Los Angeles, CA 90071 Los Angeles CA United States of America 90071
- IPO Date
- Feb 2, 2007
- CIK
- 0001380175
- Website
- capitalgroup.com
- Similar Companies
- Business
- American Funds 2040 Target Date Retirement Fund Class A (AAGTX) operates as a target-date mutual fund that, based on proximity to its 2040 target retirement date, seeks growth, income, and conservation of capital by dynamically adjusting its asset allocation from growth-oriented equities toward income-focused fixed income, equity-income, and balanced investments. The fund invests primarily in a diversified portfolio of underlying American Funds, including growth funds such as AMCAP Fund (7.0%), The Growth Fund of America (6.9%), New Perspective Fund (6.3%), SMALLCAP World Fund (5.8%), American Funds Global Insight Fund (4.1%), The New Economy Fund (3.3%), and New World Fund (3.3%); growth-and-income funds such as American Mutual Fund (7.0%), Capital World Growth and Income Fund (7.2%), Fundamental Investors (7.0%), The Investment Company of America (4.2%), Washington Mutual Investors Fund (6.0%), and International Growth and Income Fund (2.1%); equity-income and balanced funds such as American Balanced Fund (8.2%), Capital Income Builder (3.1%), The Income Fund of America (3.9%), and American Funds Global Balanced Fund (2.2%); and bond funds comprising 12.4% of assets, with current allocations reflecting 57.2% U.S. equities, 22.5% non-U.S. equities, 13.8% U.S. bonds, and 2.2% non-U.S. bonds as of November 30, 2025. Managed by Capital Research and Management Company, a subsidiary of Capital Group headquartered in Los Angeles, California, the fund commenced operations on February 1, 2007, and maintains total net assets of approximately $48.88 billion, with Class A shares at $4.09 billion, a net expense ratio of 0.68%, and a minimum initial investment of $250. The fund serves investors planning retirement around 2040, including individuals through retirement plans, IRAs, and brokerage accounts, with geographic exposure spanning U.S. and international markets across sectors like information technology (21.5%), industrials (11.1%), financials (10.7%), and health care (8.8%). A team of experienced portfolio managers oversees the fund, including Wesley Phoa (since 2012), Michelle Black and David Hoag (since 2020), Shannon Ward (since 2021), Jessica Spaly and William Robbins (since 2023), and Raj Paramaguru (since 2024). Recent developments at parent Capital Group include the April 2025 launch of two interval funds in partnership with KKR focused on core credit strategies, marking the first public-private investment solutions from their expanded strategic alliance, alongside plans for further collaboration. Capital Group issued its 2025 Capital Market Assumptions in February 2025, lowering long-term expectations for equities and bonds while maintaining a positive outlook, and released a 2026 investment outlook in December 2025 emphasizing global resilience amid steady tariffs and easing policies. In June 2025, the firm launched new U.S. growth and value equity ETFs, expanding its ETF suite to 25 products amid strategic shifts to grow fixed income, accelerate international expansion, and diversify beyond core equities, as outlined by CEO Mike Gitlin in 2024.