American Funds 2045 Target Date Retirement Fd Cl F-1
FATTX
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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 2045 Target Date Retirement Fund Class F-1 (FATTX) operates as a target date mutual fund that, based on proximity to its 2045 target date, seeks growth, income, and conservation of capital with a glide path that shifts allocations toward bonds, equity-income, and balanced funds over time. The fund invests primarily in a diversified portfolio of underlying American Funds, including American Funds American Balanced Fund Class R-6 (RLBGX), Fundamental Investors Class R-6 (RFNGX), American Mutual Fund Class R-6 (RMFGX), AMCAP Fund Class R-6, Growth Fund of America Class R-6, International Growth and Income Fund, New Perspective Fund, and others; its asset allocation as of November 30, 2025, comprises approximately 60.2% U.S. equities, 24.8% non-U.S. equities, 9.0% U.S. bonds, 1.8% non-U.S. bonds, and cash equivalents, with sector exposures led by information technology (23.0%), industrials (11.9%), and financials (11.4%). It targets investors planning retirement around 2045, such as individuals in defined contribution plans like 401(k)s, with a minimum initial investment of $250, net expense ratio of 0.73%, and portfolio turnover of 9% in 2025; the fund holds over 3,300 companies/issuers across 3,994 shareholder accounts and manages $44.26 billion in assets. Launched on February 1, 2007, by Capital Group Companies, Inc., headquartered at 333 South Hope Street, Los Angeles, California, FATTX forms part of the broader American Funds Target Date Retirement Series, which manages a glide path extending 30 years past the target retirement date. The fund is managed by a team including David Hoag (since 2020), Samir Mathur (2020), Wesley Phoa (2012), Michelle Black (2020), Shannon Ward (2021), Jessica Spaly (2023), Raj Paramaguru (2024), and William Robbins (2024). Recent strategic developments include Capital Group's expanded partnership with KKR, announced in 2024 and advanced in December 2025, to integrate public-private solutions such as fixed-income funds (Capital Group KKR Core Plus+ and Multi-Sector+ launched in 2025), a U.S. equity fund filed for early 2026 launch, and a real asset strategy planned for late 2026, enhancing retirement portfolios including target date series offerings. The prospectus was updated effective January 1, 2025, reflecting ongoing refinements, while the fund distributed total 2024 year-to-date payouts of $0.7064 per share (including $0.245 income dividend and $0.4614 long-term capital gain) on December 27, 2024. These initiatives underscore Capital Group's focus on innovation in retirement solutions amid $44 billion in series assets.