- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Los Angeles, CA 90071 Los Angeles CA United States of America 90071
- IPO Date
- Feb 24, 2014
- Business
- American Funds 2025 Target Date Retirement Fund Class C (CCDTX) is a target-date mutual fund that seeks growth, income, and conservation of capital for investors planning to retire around 2025, with allocations adjusting over time from growth-oriented to income-focused strategies; it invests primarily in a diversified mix of underlying American Funds including equity, fixed income, and balanced funds such as American Mutual Fund, Capital World Growth and Income Fund, Fundamental Investors, The Investment Company of America, Washington Mutual Investors Fund, International Growth and Income Fund, American Funds Global Balanced Fund, American Funds Mortgage Fund, and American Funds Capital Income Builder, alongside U.S. equities (34.4%), non-U.S. equities (12.1%), U.S. bonds (43.2%), non-U.S. bonds (4.6%), and cash equivalents as of November 30, 2025. The fund, which began operations on February 1, 2007, and is managed by Capital Research and Management Company with a team including David Hoag, Samir Mathur, Raj Paramaguru, Wesley Phoa, Will Robbins, Jessica Spaly, Shannon Ward, and Michelle Black, maintains net assets of $32.5 billion, over 2,870 holdings, low portfolio turnover of 7%, a net expense ratio of 1.37%, and a minimum initial investment of $250; it pays regular dividends and capital gains annually in December and operates with a fiscal year-end in October. Headquartered in Los Angeles through its adviser Capital Group Companies, Inc., the fund targets retirement savers in the United States with global investment exposure across sectors like information technology (11.0%), financials (7.0%), industrials (6.0%), and health care (5.2%). In recent developments, the fund maintained stable underlying allocations and paid total 2024 distributions of $0.6563 per share (including $0.2656 income dividend and $0.3907 long-term capital gain) on December 27, 2024; its prospectus was updated effective January 1, 2025, reflecting ongoing management continuity amid Capital Group's September 2024 launch of a separate active-passive blended target-date series incorporating BlackRock and State Street indexing, which does not directly impact this fund.