American Funds 2040 Target Date Retirement Fund Class R-6
RFGTX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
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
- May 1, 2009
- CIK
- 0001380175
- Website
- capitalgroup.com
- Similar Companies
- Business
- American Funds 2040 Target Date Retirement Fund Class R-6 (RFGTX) is an open-end mutual fund within the American Funds Target Date Retirement Series that seeks growth, income, and conservation of capital in varying degrees based on proximity to its 2040 target retirement date. The fund invests primarily in a portfolio of other American Funds mutual funds, including equity funds such as growth, growth-and-income, and equity-income strategies; fixed-income funds covering U.S. and non-U.S. bonds; and balanced funds, with allocations as of October 31, 2025 comprising 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, emphasizing sectors like information technology (22.4%), industrials (11.4%), and financials (10.8%). It targets investors planning retirement around 2040, offering daily pricing, December dividends and capital gains distributions, a low portfolio turnover of 6% in 2024, and a net expense ratio of 0.36%, with no minimum initial investment and multiple portfolio managers including David Hoag, Samir Mathur, and others applying Capital Group's multi-manager system. Managed by Capital Research and Management Company, founded in 1931 and headquartered at 333 South Hope Street in Los Angeles, California, the fund operates globally through the adviser's offices across the Americas, Asia, Australia, and Europe, serving primarily U.S. retirement plan participants and individual investors via platforms like retirement accounts. Launched on February 1, 2007, RFGTX had assets under management of $50.3 billion as of October 31, 2025, with over 3,500 holdings across 24,924 shareholder accounts. In recent years, the broader American Funds Target Date Retirement Series underwent significant enhancements, including the creation of the Target Date Solutions Committee by parent Capital Group in January 2020 to oversee portfolio construction and quantitative capabilities; glide path adjustments in April 2021 following extensive research to optimize risk and returns; and increased geographic flexibility in equity allocations by incorporating more global funds like American Funds New Perspective, reducing reliance on region-specific strategies. The prospectus was updated effective January 1, 2025, and the fund maintained strong performance metrics, including a Morningstar Gold Medalist Rating for R-6 shares and average risk profile in its Target-Date 2040 category. No major acquisitions, funding rounds, or name changes specific to RFGTX were reported in 2024-2025, with focus remaining on active multi-asset management amid steady asset growth.