Description

This fund aims for capital appreciation, a steady stream of income, and the preservation of investors' principal. A central feature of its approach is the dynamic adjustment of its asset allocation: as it nears and subsequently passes its target date, the fund typically increases its exposure to fixed income, equity-income, and balanced investment strategies. The advisor seeks to fulfill these objectives by strategically investing in a variety of American Funds, employing distinct combinations and weightings. These underlying American Funds span a broad spectrum of categories, including those focused on growth, growth-and-income, equity-income, balanced portfolios, and fixed income, each designed to achieve specific investment goals.