American Funds 2055 Target Date Retirement Fd Cl F-1
FAJTX
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USD
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Capital Structure
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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
- American Funds Target Date Retiremt Ser MA United States of America
- IPO Date
- Feb 24, 2014
- CIK
- 0001380175
- Website
- capitalgroup.com
- Similar Companies
- Business
- American Funds 2055 Target Date Retirement Fund Class F-1 (FAJTX) is a target date mutual fund offered by Capital Group that seeks growth, income, and conservation of capital depending on proximity to its 2055 target date, which corresponds to the expected retirement year for investors. The fund invests primarily in a portfolio of other American Funds mutual funds, including equity funds such as American Growth Fund of America, American Funds AMCAP, and American Balanced Fund; fixed income funds; equity-income funds; and balanced funds, with current allocations of approximately 61.5% U.S. equities, 26.4% non-U.S. equities, 6.6% U.S. bonds, 1.6% non-U.S. bonds, and 4% cash equivalents as of November 30, 2025. It features a net expense ratio of 0.75%, minimum initial investment of $250, and quarterly portfolio turnover of 9% for fiscal year 2025, with distributions paid in December. Capital Group, founded in 1931 and headquartered in Los Angeles, California, manages the fund as part of its American Funds Target Date Retirement Series, which serves retirement savers worldwide through defined contribution plans, individual accounts, and institutional channels. The firm oversees more than $3 trillion in assets under management across equity, fixed income, multi-asset, and alternative strategies, with global operations spanning offices in the Americas, Europe, Asia, and Australia. In recent developments, Capital Group expanded its strategic partnership with KKR in December 2025 to innovate retirement solutions, including a new Target Date Fund incorporating private market access and public-private model portfolios, building on 2025 launches of interval funds like Capital Group KKR Core Plus+ and Multi-Sector+. The firm also filed for its first public-private equity interval fund, Capital Group KKR U.S. Equity+, expected to launch in early 2026, and launched new active ETFs, including U.S. growth, value equity, and high yield bond strategies, alongside enhancements to small business retirement services such as expanded ICanRetire access. These initiatives reflect Capital Group's strategic shift toward hybrid public-private investments, ETF expansion, and retirement plan personalization amid goals to reach $4 trillion in assets by 2031. FAJTX, which began operations on February 1, 2010, holds $29.05 billion in assets as of November 30, 2025, ranking highly in its Morningstar Target-Date 2055 category.