Description

This investment vehicle strives for a balance of capital appreciation, current income, and the long-term preservation of its principal. Its allocation strategy dynamically adjusts, typically increasing its exposure to fixed income, equity-income, and balanced funds as it approaches and then moves beyond its designated target retirement year. To achieve these objectives, the advisor constructs a diversified portfolio by allocating capital among various other American Funds, utilizing different combinations and weightings. This underlying selection encompasses a wide range of fund categories, including those focused on growth, growth-and-income, equity-income, balanced strategies, and fixed income. Each of these categories is chosen to provide distinct investment objectives and strategic approaches.