Description

As this fund approaches and moves beyond its target retirement year, it strategically shifts its asset allocation, dedicating a larger portion of its investments to fixed income, equity-income, and balanced funds. To achieve its financial objectives, the portfolio manager invests in a diverse selection of American Funds, employing distinct combinations and proportional weightings. These foundational American Funds encompass a wide array of classifications, including growth, growth-and-income, equity-income, balanced, and fixed income options. Each of these varied fund types is characterized by its own unique investment aims and methodologies.