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RETIREMENT PLAN INVESTOR

Use your plan ID (available on your account statement) to determine which employer-sponsored retirement plan website to use:

IF YOUR PLAN ID BEGINS WITH IRK, BRK, 1 OR 2

Visit americanfunds.com/retire

IF YOUR PLAN ID BEGINS WITH 34 OR 135

Visit myretirement.americanfunds.com

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Investment Fund

®

Share Class

Summary

Internal Prompt
Price at NAV $11.60 as of 11/28/2023 (updated daily)
Fund Assets (millions) $2,859.0
Target Date Solutions Committee Members
6
Expense Ratio
(Gross/Net %)
0.69 / 0.69%

Asset Mix

U.S. Equities19.3%
Non-U.S. Equities4.1%
U.S. Bonds66.7%
Non-U.S. Bonds6.0%
Cash & Equivalents
3.9%
As of 10/31/2023 (updated monthly)

Fund Statistics

5 years
Effective Duration
6.4%
Average Yield
to Worst
4.3%
Average Coupon
% of net assets as of 10/31/2023 (updated monthly)

Market Capitalization

82.2%
Large
16.9%
Medium
0.9%
Small
$111,502.44 Million
Weighted Average


As of 9/30/2023 (updated quarterly). Morningstar data as of 9/30/2023 (updated quarterly).

Growth of 10K

High & Low Prices

Internal Prompt

Returns at NAV

Returns with Sales Charge

Read important investment disclosures
-2.07%
1-year return
2.07%
5-year return
3.37%
10-year return
3.49%
30-Day SEC Yield
Returns as of 10/31/23 (updated monthly). Yield as of 10/31/23 (updated monthly).

Description

Fund Objective
Depending on the proximity to its target date, the fund will seek to achieve the following objectives to varying degrees: growth, income and preservation of capital. The target date is meant to roughly correspond to the year in which the fund beneficiary will start to withdraw funds to meet higher education expenses. The fund will increasingly emphasize income and preservation 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 achieve an appropriate balance of total return and stability during different time periods.

Fund Facts

Fund Inception 9/14/2012
Fund Assets (millions)
As of 10/31/2023
$2,859.0
Shareholder Accounts
Shareholder accounts are as of 10/31/2023
83,494
Regular Dividends Paid
Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2022) 10%
Fiscal Year-End Oct
Prospectus Date 01/01/2023
CUSIP 02629M 60 3
Fund Number 1093

Returns

Internal Prompt

Month-End Returns as of 10/31/23

Quarter-End Returns as of 9/30/23

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Volatility & Return

Read important investment disclosures
For Class 529-A Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
CSTAX
S&P 500 Index
Other AF Funds
Standard Deviation as of 10/31/2023 (updated monthly) . Annualized return as of 10/31/2023 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 2.51% N/A
Fund at MOP 2.42% 3.49%
As of 10/31/2023 (updated monthly)

Valuation

Price/ Price/ Price/
Book Cash Flow Earnings
Fund 2.76 10.50 14.71
S&P 500 Index
3.50 12.80 17.80
Fund as of 9/30/23. Index as of 9/30/23.

Target Date Solutions Committee

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Michelle J. Black 3 21 28
David A. Hoag 3 31 35
Samir Mathur 3 10 30
Wesley K. Phoa 11 24 29
Jessica C. Spaly 1 19 26
Shannon Ward 2 6 31
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Risk Measures

Fund
Standard Deviation
6.28
Sharpe Ratio
0.41
For the 10 Years ending 10/31/23 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
S&P 500 Index
Morningstar Mod Tgt Risk TR USD
R-squared 79 89
Beta 0.38 0.62
Capture Ratio (Downside/Upside) 42/39 64/69
American Funds Benchmark for the 10 Years ending 9/30/23 (updated quarterly).
Morningstar Benchmark for the 10 Years ending 10/31/23 (updated monthly).
U.S. Treasuries/Agencies
11.5%
AAA/Aaa
35.9%
AA/Aa
3.6%
A
6.0%
BBB/Baa
6.6%
BB/Ba
4.7%
B
2.3%
CCC & Below
0.7%
Unrated
1.6%
Cash & equivalents
3.8%
% of net assets as of 10/31/2023 (updated monthly)

Holdings

Equities Breakdown

Equity Fund Holdings
Health care 4.0%
Information technology 3.7%
Financials 3.2%
Industrials 3.1%
Consumer staples 2.3%
Energy 1.7%
Consumer discretionary 1.4%
Utilities 1.2%
Communication services 1.1%
Materials 0.9%
Real estate 0.8%

% of net assets as of 10/31/2023 (updated monthly)

Bonds Breakdown

Geographic Breakdown

United States
86.0%
Europe
4.7%
Asia & Pacific Basin
1.7%
Other (Including Canada & Latin America)
3.8%
Cash & equivalents
3.9%
% of net assets as of 10/31/2023 (updated monthly)

Prices & Distributions

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Historical Prices Month-End

Historical Prices Year-End

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Historical Distributions as of 01/26/23

2022
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
12/22/22 12/22/22 12/23/22 $0.2817 $0.00 $0.1024 $0.00 $11.34
2022 Year-to-Date: Dividends Subtotal: $0.2817 Cap Gains Subtotal: $0.1024
Total Distributions: $0.3841

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.00%
Other Expenses 0.20%
Acquired (Underlying) Fund Fees and Expenses 0.25%
Service 12b-1 0.24%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

CSTAX 0.69%
Lipper Mixed-Asset Target 2030 Funds Average
0.80%
Fund as of most recent prospectus. Lipper Category as of 9/30/23 (updated quarterly).

Resources