American Funds 2015 Target Date Retirement Fd Cl F-1
FAKTX
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USD
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Capital Structure
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- American Funds Target Date Retiremt Ser DE United States of America
- IPO Date
- Feb 24, 2014
- CIK
- 0001380175
- Website
- capitalgroup.com
- Similar Companies
- Business
- American Funds 2015 Target Date Retirement Fund Class F-1 (FAKTX) is a target date mutual fund managed by Capital Group Companies, Inc. that seeks growth, income, and conservation of capital in accordance with a 2015 retirement target date by adjusting its asset allocation over time. The fund primarily invests in a portfolio of other American Funds series, including equity funds such as American Balanced Fund Class R-6 (RLBGX, approximately 7%), Capital Income Builder Inc. Class R-6 (RIRGX, 6.15%), and American Mutual Fund Class R-6 (RMFGX, 5.86%); bond and fixed income funds; and balanced funds, with current allocations as of November 30, 2025 comprising 29.9% U.S. equities, 10.6% non-U.S. equities, 48.8% U.S. bonds, 4.9% non-U.S. bonds, and 6.8% cash equivalents. It offers quarterly income dividends and annual capital gains distributions paid in December, features a low portfolio turnover of 7% in fiscal year 2025, maintains an expense ratio of 0.66%, and targets individual and institutional retirement savers with a minimum initial investment of $250. Launched on February 1, 2007 as part of the American Funds Target Date Retirement Series, FAKTX operates within the target-date 2015 category and holds assets under management of $4.7 billion as of November 30, 2025 across 246 shareholder accounts and over 2,796 underlying companies or issuers. The fund is managed by a team of experienced portfolio managers from Capital Group, including David Hoag (5 years on fund), Samir Mathur (5 years), Raj Paramaguru (1 year), Wesley Phoa (12 years), Will Robbins (1 year), Jessica Spaly (2 years), Shannon Ward (4 years), and Michelle Black (5 years), who oversee its multisector allocations emphasizing sectors like information technology (8.5%), financials (6.6%), industrials (4.8%), and health care (4.8%). Capital Group, the fund's investment manager, is a privately held firm founded in 1931 and headquartered in Los Angeles, California, that provides active investment management globally with over $3 trillion in assets under management, primarily through its American Funds family targeting retirement and long-term investors in the U.S., with expanding operations internationally. In recent developments, Capital Group partnered with KKR in late 2025 to integrate private credit and private equity offerings into its popular American Funds lineup, including target date retirement portfolios, marking a strategic diversification into alternative assets to enhance yield and growth potential amid evolving market conditions. Additionally, the firm issued updated 2025 capital market assumptions in February 2025 to guide portfolio strategies and continues to emphasize fixed income growth and overseas expansion as part of its long-term goal to reach $4 trillion in assets by 2031, with no specific mergers, acquisitions, or reorganizations directly impacting FAKTX reported in the past 1-2 years.