American Funds 2065 Trgt Date Retire F1
FAXTX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Los Angeles, CA 90071 Boston MA United States of America 02210
- IPO Date
- Mar 27, 2020
- CIK
- 0001380175
- Website
- advisor.fidelity.com
- Similar Companies
- Business
- American Funds 2065 Target Date Retirement Fund Class F-1 (FAXTX) is a target date mutual fund that seeks growth, income, and conservation of capital depending on its proximity to the 2065 target date, when investors are expected to retire, by dynamically adjusting its asset allocation from growth-oriented equities to income and fixed-income assets. Launched on March 27, 2020, and managed by Capital Research and Management Company headquartered in Los Angeles, California, the fund primarily invests in a portfolio of American Funds underlying funds, including growth funds such as AMCAP Fund (7.1%), The Growth Fund of America (7.0%), New Perspective Fund (9.9%), and SMALLCAP World Fund (9.9%); growth-and-income funds such as Fundamental Investors (9.0%), Capital World Growth and Income Fund (8.0%), and Washington Mutual Investors Fund (8.0%); equity-income and balanced funds (8.0%); and bond funds (6.0%), with current allocations approximately 61% U.S. equities, 27% non-U.S. equities, 6% U.S. bonds, 2% non-U.S. bonds, and the remainder in cash equivalents as of November 30, 2025. The fund serves retirement savers planning for 2065, offering Class F-1 shares with a net expense ratio of 0.75%, no sales loads, a minimum initial investment of $250, annual dividends and capital gains paid in December, and low portfolio turnover of about 5%, with assets under management reaching $6 billion as of late 2025. A team of experienced portfolio managers oversees the fund, including lead manager David Hoag (since 2020), Wesley Phoa, Michelle Black, Samir Mathur, Shannon Ward, Jessica Spaly, Raj Paramaguru, and William Robbins (joined 2024), focusing on long-term research-driven strategies across U.S. and international markets in sectors like information technology (25%), industrials (13%), and financials (11%). Recent developments include updated portfolio manager additions in 2024 with Raj Paramaguru and William Robbins, reflecting ongoing enhancements to the management team; a prospectus update dated January 1, 2025; and stable operations with consistent target date series allocations overseen by Capital Group's investment committee as of late 2025, amid no reported acquisitions, mergers, or major strategic shifts specific to this fund. The fund operates globally through its underlying investments, domiciled in the United States, and emphasizes risk management with below-average Morningstar risk ratings in the Target-Date 2065+ category.