American Funds 2040 Trgt Date Retire R3
RCKTX
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- American Funds 2040 Target Date Retirement Fund Class R-3 (RCKTX) is a target-date mutual fund that seeks growth, income, and conservation of capital depending on its proximity to the 2040 target retirement date, with allocations shifting toward fixed income, equity-income, and balanced funds as the date approaches. Launched on February 1, 2007, the fund invests primarily in a portfolio of American Funds underlying funds, including growth-oriented options such as AMCAP Fund (7.0%), The Growth Fund of America (6.9%), New Perspective Fund (6.3%), SMALLCAP World Fund (5.8%), and American Funds Global Insight Fund (4.1%); growth-and-income funds like American Mutual Fund (7.0%), Capital World Growth and Income Fund (7.2%), Fundamental Investors (7.0%), and The Investment Company of America (4.2%); equity-income and balanced funds including American Balanced Fund (8.2%), Capital Income Builder (3.1%), and The Income Fund of America (3.9%); and bond funds comprising approximately 12.4% of assets. As of November 30, 2025, the fund holds over 3,500 companies and issuers with total net assets of $50.72 billion and a net expense ratio of 1.00%, managed by Capital Research and Management Company from its headquarters in Los Angeles, California. The fund, part of the American Funds family offered by Capital Group—founded in 1931—targets investors planning retirement around 2040, providing diversified exposure across U.S. equities (57.2%), non-U.S. equities (22.5%), U.S. bonds (13.8%), non-U.S. bonds (2.2%), and cash equivalents, with sector weightings led by information technology (21.5%), industrials (11.1%), and financials (10.7%). It serves primarily retirement plan participants in the United States through share classes designed for such vehicles, featuring a low portfolio turnover of 10% in 2025, quarterly dividends paid in December, and a team of experienced managers including David Hoag (33 years tenure), Samir Mathur (12 years), and others. In recent developments, the fund maintained its prospectus dated January 1, 2025, reflecting ongoing glide path adjustments and continued emphasis on active management post-target date through 2070, with no major acquisitions, partnerships, or structural changes announced in 2024-2025 amid stable operations and a 2024 year-to-date total distribution of $0.6503 per share (including $0.2011 income dividend and $0.4492 long-term capital gain).