American Funds 2035 Target Date Retirement Fd Cl F-1
FAQTX
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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 2035 Target Date Retirement Fund Class F-1 (FAQTX) is a target-date mutual fund offered by Capital Research and Management Company that seeks growth, income, and conservation of capital by adjusting its asset allocation based on proximity to the 2035 target retirement date. The fund invests primarily in a diversified portfolio of underlying American Funds, including growth funds such as AMCAP Fund, The Growth Fund of America, New Perspective Fund, and SMALLCAP World Fund; growth-and-income funds such as American Mutual Fund, Capital World Growth and Income Fund, Fundamental Investors, International Growth and Income Fund, The Investment Company of America, and Washington Mutual Investors Fund; equity-income and balanced funds such as American Balanced Fund, American Funds Global Balanced Fund, Capital Income Builder, and The Income Fund of America; and bond funds such as American Funds Inflation Linked Bond Fund, American Funds Mortgage Fund, American Funds Multi-Sector Income Fund, American Funds Strategic Bond Fund, The Bond Fund of America, Capital World Bond Fund, Intermediate Bond Fund of America, and U.S. Government Securities Fund. As of November 30, 2025, the fund's asset allocation consists of approximately 48.8% U.S. equities, 17.2% non-U.S. equities, 25.8% U.S. bonds, 3.1% non-U.S. bonds, and 5.1% cash and equivalents, with sector exposures led by information technology (17.1%), industrials (9.2%), and financials (9.0%). Launched on February 1, 2007, the fund is domiciled in the United States and managed from Capital Group's headquarters in Los Angeles, California, targeting individual and retirement plan investors planning retirement around 2035. It features a net expense ratio of 0.70%, comprising 0.12% other expenses, 0.25% 12b-1 service fees, and 0.33% acquired fund fees, with a minimum initial investment of $250 and assets under management exceeding $54 billion as of November 30, 2025. The fund maintains low portfolio turnover at 9% in 2025 and pays regular dividends and capital gains annually in December. In recent developments, the fund's prospectus was updated effective January 1, 2025, reflecting ongoing adjustments to its glide path and underlying allocations under the oversight of Capital Group's Target Date Solutions Committee, which periodically rebalances and may add or remove funds. As of November 30, 2025, allocations to underlying funds remain subject to discretionary changes, with the portfolio encompassing over 3,653 companies and issuers to enhance diversification. The fund continues active management by a team of experienced portfolio managers, including David Hoag, Samir Mathur, Raj Paramaguru, Wesley Phoa, Will Robbins, Jessica Spaly, Shannon Ward, and Michelle Black, focusing on long-term risk-adjusted returns.