American Funds 2040 Target Date Retirement Fd Cl F-1
FAUTX
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Capital Structure
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 333 S Hope St - 55th Fl (MICG) Los Angeles CA United States of America 90071
- IPO Date
- Feb 24, 2014
- CIK
- 0001380175
- Website
- capitalgroup.com
- Similar Companies
- Business
- American Funds 2040 Target Date Retirement Fund Class F-1 (FAUTX) is a target date mutual fund managed by Capital Group Companies, Inc. that seeks growth, income, and conservation of capital depending on its proximity to the 2040 target retirement date. The fund invests primarily in a diversified portfolio of other American Funds, including equity funds such as American Funds Growth Fund of America R6 (RGAGX), American Funds Fundamental Investors R6 (RFNGX), American Funds Capital World Growth and Income R6 (RWIGX), American Funds AMCAP R6 (RAFGX), and American Funds American Mutual R6 (RMFGX); balanced funds such as American Funds American Balanced R6 (RLBGX) and American Funds Washington Mutual R6 (RWMGX); fixed income funds such as American Funds US Government Securities R6 (RGVGX), American Funds Income Fund of America R6 (RIDGX), American Funds Capital Income Builder R6 (RIRGX), American Funds Inflation Linked Bond R6 (RILFX), and American Funds Mortgage R6 (RMAGX); and international and global funds such as American Funds New Perspective R6 (RNPGX), American Funds SMALLCAP World R6 (RLLGX), American Funds New World R6 (RNWGX), and American Funds International Growth and Income R6 (RIGGX). As of October 31, 2025, the fund's asset allocation consists of approximately 57.1% U.S. equities, 23.0% non-U.S. equities, 13.6% U.S. bonds, 2.2% non-U.S. bonds, and 4.1% cash and equivalents, with sector exposures led by information technology (22.4%), industrials (11.4%), and financials (10.8%). Capital Group Companies, Inc., the fund's investment manager and adviser, founded in 1931 and headquartered in Los Angeles, California, operates globally with offices across the United States, Europe, Asia, and other regions. FAUTX, launched on February 1, 2007, with a minimum initial investment of $250, targets retirement savers expecting to retire around 2040 and features a glide path that gradually shifts toward fixed income, equity-income, and balanced funds for increased stability post-target date. The fund maintains low portfolio turnover at 6% in 2024 and pays regular dividends and capital gains annually in December, with total net assets exceeding $50 billion as of late 2025. The fund employs a team of portfolio managers, including Wesley Phoa (since 2012), Michelle Black and David Hoag (since 2020), Shannon Ward (since 2021), Jessica Spaly (since 2023), and Raj Paramaguru and William Robbins (since 2024). Recent developments include a prospectus update effective January 1, 2025, and ongoing portfolio adjustments reflecting strong asset growth to $50,347.4 million by October 31, 2025, amid a stable expense ratio of 0.72%. No major acquisitions, partnerships, or strategic shifts specific to FAUTX have been announced in the last 1-2 years, with focus remaining on its objective-based glide path and multi-manager structure.