Description

As this target-date fund approaches and moves beyond its designated year, its asset allocation strategy typically evolves, progressively dedicating a larger portion of its investments to fixed income, equity-income, and balanced funds. To achieve its investment objectives, the fund manager constructs the portfolio by allocating capital across a diverse selection of underlying American Funds, employing various combinations and weightings. These underlying funds span a broad spectrum of investment categories, including growth, growth-and-income, equity-income, balanced, and fixed income strategies, each characterized by its own unique objectives and methodologies.