American Funds 2040 Trgt Date Retire R5
REGTX
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USD
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Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Los Angeles, CA 90071 Los Angeles CA United States of America 90071
- IPO Date
- Feb 2, 2007
- CIK
- 0001380175
- Website
- capitalgroup.com
- Similar Companies
- Business
- American Funds 2040 Target Date Retirement Fund R-5 (REGTX) is an open-end mutual fund that seeks growth, income, and conservation of capital by investing in a portfolio of underlying American Funds, including growth funds, growth-and-income funds, equity-income funds, balanced funds, and bond funds; the allocation shifts over time to emphasize fixed income, equity-income, and balanced funds as the fund approaches and passes its 2040 target date. The fund's asset allocation as of October 31, 2025, comprises approximately 57.1% U.S. equities, 23.0% non-U.S. equities, 13.6% U.S. bonds, 2.2% non-U.S. bonds, and 5.7% cash and equivalents, with top holdings including American Funds American Balanced Fund R-6, Capital World Growth and Income Fund R-6, Fundamental Investors R-6, American Mutual Fund R-6, and AMCAP Fund R-6. It serves investors planning retirement around 2040, such as retirement plans and individual accounts, with a net expense ratio of 0.41%, total net assets of $50.35 billion, and a low portfolio turnover of 6% in 2024. Launched on February 1, 2007, REGTX is managed by Capital Research and Management Company (CRMC), a division of Capital Group Companies, founded in 1931 and headquartered at 333 South Hope Street, Los Angeles, California. The fund operates primarily in the United States, with global exposure through its underlying funds' investments in U.S. and international equities and bonds across sectors like information technology (22.4%), industrials (11.4%), and financials (10.8%). A team of experienced portfolio managers oversees the fund, 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 for REGTX and the broader American Funds Target Date Retirement Series include a December 2024 distribution of $0.3223 per share in regular income dividends and $0.4492 per share in long-term capital gains, alongside annual capital gains and dividend payments in December; the prospectus was updated effective January 1, 2025. Capital Group, REGTX's investment adviser, announced strategic enhancements in 2025, such as launching three new active ETFs in June, partnering with SEI Investments to introduce SEI Strategies with Capital Group model portfolios in March, and unveiling improved 401(k) services for small and mid-sized retirement plans in November to expand distribution capabilities. In a broader strategic shift detailed in mid-2024, Capital Group committed to growing its fixed income business, accelerating international expansion, and diversifying beyond core U.S. equities amid competitive pressures from passive funds, targeting $4 trillion in assets by 2031.