American Funds 2045 glide path
The fund is designed for investors who plan to retire in, or close to, the year 2045 and begin withdrawing their money.
A glide path is a visual representation of how the investments in each of our funds change over time based on the target retirement date. Depending on the proximity to its target date, the fund will seek to achieve the following objectives to varying degrees: growth, income and conservation of capital. Learn more about the benefits of our glide path.
The target allocations shown are as of January 1, 2020, and are subject to the Target Date Solutions Committee discretion. The funds’ investment adviser anticipates that the funds will invest their assets within a range that deviates no more than 10% above or below these allocations. Underlying funds may be added or removed during the year. Changes in the equity allocation within the underlying equity-income and balanced funds may affect the overall equity exposure in the target date funds. For quarterly updates of fund allocations, visit capitalgroup.com.
The asset mix seeks to balance risk and return over time by diversifying investments across asset types such as stocks and bonds. Stocks have the highest long-term return potential while bonds can help manage the risk of market declines.
Cash & equivalents
As of 12/31/2019
The following identifies allocation by investment objective and the underlying funds for each.
EuroPacific Growth Fund®
The Growth Fund of America®
The New Economy Fund®
New Perspective Fund®
New World Fund®
SMALLCAP World Fund®
American Mutual Fund®
Capital World Growth and Income Fund®
International Growth and Income Fund℠
Capital Income Builder®
American Funds Global Balanced Fund℠
U.S. Government Securities Fund®
As of 12/31/2019
Why target date funds can be a good choice
See how target date funds work and why they may be the right choice for you.