Fund Details

Notice The Portfolio Solutions Committee reallocated this product as of July 30, 2022. These changes to the underlying funds are reflected below. View additional details here.

Summary

Internal Prompt

Price at NAV $17.96 as of 8/05/2022 (updated daily)

Fund Assets (millions) $21,074.2

Target Date Solutions Committee Members

Expense Ratio

0.68%

Prospectus (PDF)

Underlying Funds
Current Allocation

	Growth	41.2%
	AMCAP Fund ®	6.9%
	American Funds Global Insight Fund ^SM	3.4%
	EuroPacific Growth Fund ®	1.9%
	The Growth Fund of America ®	6.9%
	The New Economy Fund ®	3.9%
	New Perspective Fund ®	7.9%
	New World Fund ®	2.9%
	SMALLCAP World Fund ®	7.4%
	Growth-and-Income	34.9%
	American Mutual Fund ®	7.7%
	Capital World Growth and Income Fund ®	7.3%
	Fundamental Investors ®	7.4%
	The Investment Company of America ®	4.4%
	Washington Mutual Investors Fund ^SM	8.1%
	Equity-Income/Balanced	18.4%
	Capital Income Builder ®	2.6%
	The Income Fund of America ®	3.1%
	American Balanced Fund ®	7.7%
	American Funds Global Balanced Fund ^SM	5%
	Bond	5.4%
	U.S. Government Securities Fund ®	5.4%

As of 6/30/2022 (updated monthly)

QUARTERLY HOLDINGS

Asset Mix

	U.S. Equities58.9%		Non-U.S. Equities22.9%
	U.S. Bonds9.6%		Non-U.S. Bonds1.3%
	Cash & Equivalents 7.3%

	U.S. Equities58.9%
	Non-U.S. Equities22.9%
	U.S. Bonds9.6%
	Non-U.S. Bonds1.3%
	Cash & Equivalents 7.3%

As of 6/30/2022 (updated monthly)

Fund Statistics

6.2 years

Effective Duration

3.9%

Average Yield
to Worst

2.5%

Average Coupon

% of net assets as of 6/30/2022 (updated quarterly)

Market Capitalization

77.0%

Large

18.0%

Medium

5.1%

Small

$76,290.04 Million

Weighted Average

As of 6/30/2022 (updated quarterly). Morningstar data as of 6/30/2022 (updated quarterly).

Growth of 10K
High & Low Prices

Growth of 10K

Read important investment disclosures

For Class A Shares, this chart tracks a hypothetical investment with dividends reinvested through 12/31/2021.

VIEW LARGER CHART

AAHTX

S&P Target Date 2045 Index

VIEW LARGER CHART

High & Low Prices

Internal Prompt

Returns at NAV
Returns with Sales Charge

Returns at NAV

Returns with Sales Charge

Read important investment disclosures

-16.80%

1-year return

6.78%

5-year return

9.37%

10-year return

0.97%

30-Day SEC Yield

Returns as of 7/31/22 (updated monthly). Yield as of 6/30/22 (updated monthly).

Description

Fund Objective

Depending on the proximity to its target date, which we define as the year that corresponds roughly to the year in which the investor expects to retire, the fund will seek to achieve the following objectives to varying degrees: growth, income and conservation of capital. The fund will increasingly emphasize income and conservation of capital by investing a greater portion of its assets in fixed income, equity-income and balanced funds as it approaches and passes its target date. In this way, the fund seeks to balance total return and stability over time.

Fund Facts

Fund Inception	2/01/2007
Fund Assets (millions) As of 6/30/2022	$21,074.2
Shareholder Accounts Shareholder accounts are as of 6/30/2022	97,099
Regular Dividends Paid	Dec

Minimum Initial Investment	$250
Capital Gains Paid	Dec
Portfolio Turnover (2021)	15%
Fiscal Year-End	Oct
Prospectus Date	01/01/2022
CUSIP	02630T 51 4
Fund Number	68

Returns LEARN ABOUT THE SYSTEM BEHIND OUR RESULTS

Internal Prompt

Month-End Returns as of 7/31/22
Quarter-End Returns as of 6/30/22

ANNUAL RETURNS CHART

Month-End Returns as of 7/31/22

Returns at NAV

| With Sales Charge

Read important investment disclosures

AAHTX

S&P Target Date 2045 Index

ANNUAL RETURNS CHART

Quarter-End Returns as of 6/30/22

Internal Prompt

Volatility & Return

VIEW LARGER CHART

Read important investment disclosures

Equities

For Class A Shares, this chart tracks the 10-year standard deviation

and 10-year annualized return of the equity funds

AAHTX

S&P Target Date 2045 Index

Other AF Funds

Standard Deviation as of 07/31/2022 (updated monthly) . Annualized return as of 07/31/2022 (updated monthly) .

VIEW LARGER CHART

Internal Prompt

Yield

	12-month
	Distribution Rates	30-day SEC Yield
Fund at NAV	0.87%	N/A
Fund at MOP	0.82%	0.97%

As of 6/30/2022 (updated monthly)

Valuation

	Price/	Price/	Price/
	Book	Cash Flow	Earnings
Fund	2.60	8.74	14.80
S&P Target Date 2045 Index	--	--	--

Fund as of 6/30/22. Index as of --.

Target Date Solutions Committee

Years of Experience with Fund

Years of Experience with Capital Group

Years of Experience with Investment Industry

Michelle J. Black 27 20 2

David A. Hoag 34 30 2

Joanna F. Jonsson 33 31 7

Samir Mathur 29 9 2

Wesley K. Phoa 28 23 10

Bradley J. Vogt 34 34 10

Shannon Ward 30 5 1

Michelle J. Black	2	20	27
David A. Hoag	2	30	34
Joanna F. Jonsson	7	31	33
Samir Mathur	2	9	29
Wesley K. Phoa	10	23	28
Bradley J. Vogt	10	34
Shannon Ward	1	5	30

A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Morningstar Rating ^TM

Overall Morningstar Rating^TM Funds rated(198)
3-yr. Morningstar Rating^TM (198 funds rated)
5-yr. Morningstar Rating^TM (172 funds rated)
10-yr. Morningstar Rating^TM (89 funds rated)
Overall Morningstar Risk	Below Average HIGH LOW
Category	Target-Date 2045

ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS

Ratings are based on risk-adjusted returns as of 7/31/2022 (updated monthly).

Risk Measures

		Fund
Standard Deviation		11.90
Sharpe Ratio		0.81
For the 10 Years ending 7/31/22 (updated monthly).
American Funds Benchmark		Morningstar Benchmark
S&P Target Date 2045 Index		Morningstar Mod Tgt Risk TR USD
R-squared	98	97
Beta	0.98	1.36
Capture Ratio (Downside/Upside)	98/103	136/141
American Funds Benchmark for the 10 Years ending 6/30/22 (updated quarterly). Morningstar Benchmark for the 10 Years ending 7/31/22 (updated monthly).

Quality Summary

Read important investment disclosures

U.S. Treasuries/Agencies

4.7%

AAA/Aaa

3.7%

AA/Aa

0.3%

0.7%

BBB/Baa

1.0%

BB/Ba

0.3%

0.1%

CCC & Below

0.0%

Unrated

0.1%

Cash & equivalents

7.3%

% of net assets as of 6/30/2022 (updated quarterly)

Average Life Breakdown

0-4.9 Years

4.8%

5-9.9 Years

3.5%

10-19.9 Years

0.6%

20-29.9 Years

1.0%

30+ Years

0.0%

% of net assets as of 3/31/2022 (updated quarterly)

Holdings

Equities Breakdown

Sectors | Top Industries

Equity Fund Holdings

	Information technology 16.1%
	Health care 14.1%
	Financials 9.8%
	Consumer discretionary 9.5%
	Industrials 9.0%
	Consumer staples 5.8%
	Communication services 5.7%
	Energy 4.4%
	Materials 3.3%
	Utilities 2.5%
	Real estate 1.6%

% of net assets as of 6/30/2022 (updated quarterly)

Go to the underlying fund pages to see detailed holdings information.

Growth Funds
Growth-and-Income Funds
Equity-Income/Balanced Funds
Bond Funds
- U.S. Government Securities Fund ®

Geographic Breakdown

Regions

United States

68.5%

Europe

12.1%

Asia & Pacific Basin

8.0%

Other (Including Canada & Latin America)

4.2%

Cash & equivalents

7.3%

% of net assets as of 6/30/2022 (updated quarterly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End
Historical Prices Year-End

FIND HISTORICAL PRICES

Historical Prices Month-End

2022

FIND HISTORICAL PRICES

Historical Prices Year-End

Internal Prompt

Historical Distributions
as of 01/26/22

Historical Distributions as of 01/26/22

2021

Record Date	Calculated Date	Pay Date	Income Dividend Regular	Income Dividend Special	Cap. Gains Long-Term	Cap. Gains Short-Term	Reinvest NAV
12/27/21	12/27/21	12/28/21	$0.1534	$0.00	$0.8257	$0.00	$21.26
		2021 Year-to-Date:	Dividends Subtotal: $0.1534		Cap Gains Subtotal: $0.8257
			Total Distributions: $0.9791

Rate	As of Date
0.00000000	12/28/2021
0.00000000	12/29/2021
0.00000000	12/30/2021
0.00000000	12/31/2021
0.00000000	01/03/2022
0.00000000	01/04/2022
0.00000000	01/05/2022
0.00000000	01/06/2022
0.00000000	01/07/2022
0.00000000	01/10/2022
0.00000000	01/11/2022
0.00000000	01/12/2022
0.00000000	01/13/2022
0.00000000	01/14/2022
0.00000000	01/18/2022
0.00000000	01/19/2022
0.00000000	01/20/2022
0.00000000	01/21/2022
0.00000000	01/24/2022
0.00000000	01/25/2022
0.00000000	01/26/2022
0.00000000	01/27/2022
0.00000000	01/28/2022
0.00000000	01/31/2022
0.00000000	02/01/2022
0.00000000	02/02/2022
0.00000000	02/03/2022
0.00000000	02/04/2022
0.00000000	02/07/2022
0.00000000	02/08/2022
0.00000000	02/09/2022
0.00000000	02/10/2022
0.00000000	02/11/2022
0.00000000	02/14/2022
0.00000000	02/15/2022
0.00000000	02/16/2022
0.00000000	02/17/2022
0.00000000	02/18/2022
0.00000000	02/22/2022
0.00000000	02/23/2022
0.00000000	02/24/2022
0.00000000	02/25/2022
0.00000000	02/28/2022
0.00000000	03/01/2022
0.00000000	03/02/2022
0.00000000	03/03/2022
0.00000000	03/04/2022
0.00000000	03/07/2022
0.00000000	03/08/2022
0.00000000	03/09/2022
0.00000000	03/10/2022
0.00000000	03/11/2022
0.00000000	03/14/2022
0.00000000	03/15/2022
0.00000000	03/16/2022
0.00000000	03/17/2022
0.00000000	03/18/2022
0.00000000	03/21/2022
0.00000000	03/22/2022
0.00000000	03/23/2022
0.00000000	03/24/2022
0.00000000	03/25/2022
0.00000000	03/28/2022
0.00000000	03/29/2022
0.00000000	03/30/2022
0.00000000	03/31/2022
0.00000000	04/01/2022
0.00000000	04/04/2022
0.00000000	04/05/2022
0.00000000	04/06/2022
0.00000000	04/07/2022
0.00000000	04/08/2022
0.00000000	04/11/2022
0.00000000	04/12/2022
0.00000000	04/13/2022
0.00000000	04/14/2022
0.00000000	04/18/2022
0.00000000	04/19/2022
0.00000000	04/20/2022
0.00000000	04/21/2022
0.00000000	04/22/2022
0.00000000	04/25/2022
0.00000000	04/26/2022
0.00000000	04/27/2022
0.00000000	04/28/2022
0.00000000	04/29/2022
0.00000000	05/02/2022
0.00000000	05/03/2022
0.00000000	05/04/2022
0.00000000	05/05/2022
0.00000000	05/06/2022
0.00000000	05/09/2022
0.00000000	05/10/2022
0.00000000	05/11/2022
0.00000000	05/12/2022
0.00000000	05/13/2022
0.00000000	05/16/2022
0.00000000	05/17/2022
0.00000000	05/18/2022
0.00000000	05/19/2022
0.00000000	05/20/2022
0.00000000	05/23/2022
0.00000000	05/24/2022
0.00000000	05/25/2022
0.00000000	05/26/2022
0.00000000	05/27/2022
0.00000000	05/31/2022
0.00000000	06/01/2022
0.00000000	06/02/2022
0.00000000	06/03/2022
0.00000000	06/06/2022
0.00000000	06/07/2022
0.00000000	06/08/2022
0.00000000	06/09/2022
0.00000000	06/10/2022
0.00000000	06/13/2022
0.00000000	06/14/2022
0.00000000	06/15/2022
0.00000000	06/16/2022
0.00000000	06/17/2022
0.00000000	06/21/2022
0.00000000	06/22/2022
0.00000000	06/23/2022
0.00000000	06/24/2022
0.00000000	06/27/2022
0.00000000	06/28/2022
0.00000000	06/29/2022
0.00000000	06/30/2022
0.00000000	07/01/2022
0.00000000	07/05/2022
0.00000000	07/06/2022
0.00000000	07/07/2022
0.00000000	07/08/2022
0.00000000	07/11/2022
0.00000000	07/12/2022
0.00000000	07/13/2022
0.00000000	07/14/2022
0.00000000	07/15/2022
0.00000000	07/18/2022
0.00000000	07/19/2022
0.00000000	07/20/2022
0.00000000	07/21/2022
0.00000000	07/22/2022
0.00000000	07/25/2022
0.00000000	07/26/2022
0.00000000	07/27/2022
0.00000000	07/28/2022
0.00000000	07/29/2022
0.00000000	08/01/2022
0.00000000	08/02/2022
0.00000000	08/03/2022
0.00000000	08/04/2022
0.00000000	08/05/2022

FIND HISTORICAL DISTRIBUTIONS

Rate		As of-Date
0.00000000		12/28/2021
0.00000000		12/29/2021
0.00000000		12/30/2021
0.00000000		12/31/2021
0.00000000		01/03/2022
0.00000000		01/04/2022
0.00000000		01/05/2022
0.00000000		01/06/2022
0.00000000		01/07/2022
0.00000000		01/10/2022
0.00000000		01/11/2022
0.00000000		01/12/2022
0.00000000		01/13/2022
0.00000000		01/14/2022
0.00000000		01/18/2022
0.00000000		01/19/2022
0.00000000		01/20/2022
0.00000000		01/21/2022
0.00000000		01/24/2022
0.00000000		01/25/2022
0.00000000		01/26/2022
0.00000000		01/27/2022
0.00000000		01/28/2022
0.00000000		01/31/2022
0.00000000		02/01/2022
0.00000000		02/02/2022
0.00000000		02/03/2022
0.00000000		02/04/2022
0.00000000		02/07/2022
0.00000000		02/08/2022
0.00000000		02/09/2022
0.00000000		02/10/2022
0.00000000		02/11/2022
0.00000000		02/14/2022
0.00000000		02/15/2022
0.00000000		02/16/2022
0.00000000		02/17/2022
0.00000000		02/18/2022
0.00000000		02/22/2022
0.00000000		02/23/2022
0.00000000		02/24/2022
0.00000000		02/25/2022
0.00000000		02/28/2022
0.00000000		03/01/2022
0.00000000		03/02/2022
0.00000000		03/03/2022
0.00000000		03/04/2022
0.00000000		03/07/2022
0.00000000		03/08/2022
0.00000000		03/09/2022
0.00000000		03/10/2022
0.00000000		03/11/2022
0.00000000		03/14/2022
0.00000000		03/15/2022
0.00000000		03/16/2022
0.00000000		03/17/2022
0.00000000		03/18/2022
0.00000000		03/21/2022
0.00000000		03/22/2022
0.00000000		03/23/2022
0.00000000		03/24/2022
0.00000000		03/25/2022
0.00000000		03/28/2022
0.00000000		03/29/2022
0.00000000		03/30/2022
0.00000000		03/31/2022
0.00000000		04/01/2022
0.00000000		04/04/2022
0.00000000		04/05/2022
0.00000000		04/06/2022
0.00000000		04/07/2022
0.00000000		04/08/2022
0.00000000		04/11/2022
0.00000000		04/12/2022
0.00000000		04/13/2022
0.00000000		04/14/2022
0.00000000		04/18/2022
0.00000000		04/19/2022
0.00000000		04/20/2022
0.00000000		04/21/2022
0.00000000		04/22/2022
0.00000000		04/25/2022
0.00000000		04/26/2022
0.00000000		04/27/2022
0.00000000		04/28/2022
0.00000000		04/29/2022
0.00000000		05/02/2022
0.00000000		05/03/2022
0.00000000		05/04/2022
0.00000000		05/05/2022
0.00000000		05/06/2022
0.00000000		05/09/2022
0.00000000		05/10/2022
0.00000000		05/11/2022
0.00000000		05/12/2022
0.00000000		05/13/2022
0.00000000		05/16/2022
0.00000000		05/17/2022
0.00000000		05/18/2022
0.00000000		05/19/2022
0.00000000		05/20/2022
0.00000000		05/23/2022
0.00000000		05/24/2022
0.00000000		05/25/2022
0.00000000		05/26/2022
0.00000000		05/27/2022
0.00000000		05/31/2022
0.00000000		06/01/2022
0.00000000		06/02/2022
0.00000000		06/03/2022
0.00000000		06/06/2022
0.00000000		06/07/2022
0.00000000		06/08/2022
0.00000000		06/09/2022
0.00000000		06/10/2022
0.00000000		06/13/2022
0.00000000		06/14/2022
0.00000000		06/15/2022
0.00000000		06/16/2022
0.00000000		06/17/2022
0.00000000		06/21/2022
0.00000000		06/22/2022
0.00000000		06/23/2022
0.00000000		06/24/2022
0.00000000		06/27/2022
0.00000000		06/28/2022
0.00000000		06/29/2022
0.00000000		06/30/2022
0.00000000		07/01/2022
0.00000000		07/05/2022
0.00000000		07/06/2022
0.00000000		07/07/2022
0.00000000		07/08/2022
0.00000000		07/11/2022
0.00000000		07/12/2022
0.00000000		07/13/2022
0.00000000		07/14/2022
0.00000000		07/15/2022
0.00000000		07/18/2022
0.00000000		07/19/2022
0.00000000		07/20/2022
0.00000000		07/21/2022
0.00000000		07/22/2022
0.00000000		07/25/2022
0.00000000		07/26/2022
0.00000000		07/27/2022
0.00000000		07/28/2022
0.00000000		07/29/2022
0.00000000		08/01/2022
0.00000000		08/02/2022
0.00000000		08/03/2022
0.00000000		08/04/2022
0.00000000		08/05/2022

Fees & Expenses

Internal Prompt

Fees


Annual Management Fees	0.00%
Other Expenses	0.08%
Acquired (Underlying) Fund Fees and Expenses	0.36%
Service 12b-1	0.24%

As of each fund's most recent prospectus.

Internal Prompt

Expense Ratio

AAHTX	0.68%
Lipper Mixed-Asset Target 2045 Funds Average	0.85%

Fund as of most recent prospectus. Lipper Category as of 6/30/22 (updated quarterly).

Resources

Prospectuses & Reports for AAHTX

Quarterly Fund Fact Sheet (PDF) 07/22
Summary Prospectus (PDF) 01/22
Prospectus (PDF) 01/22
Statement of additional information (PDF) 01/22
Semi-Annual Report (PDF) 06/22
Annual Report (PDF) 12/21

About Our Funds

Share Class Pricing Details
Stats Update (PDF)
Resource Guide (PDF)
Retail Quarterly Statistical Update 1Q 2022. (PDF)

	Growth	41%
	Growth and Income	35%
	Equity Income/Balanced	18%
	Bond	5%

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RETIREMENT TARGET DATE FUNDS

American Funds 2045 Target Date Retirement Fund ® (AAHTX)

Summary

Underlying Funds

Current Allocation

Asset Mix

Fund Statistics