American Funds® 2070 Target Date Retirement Fund

Retirement Target Date

Overview

American Funds 2070 Target Date Retirement Fund may be appropriate for investors seeking:

A prudent way to save for retirement in a single fund
An investment that adjusts over time to meet their changing needs
A portfolio of American Funds designed for someone retiring around 2070

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.

Manager

The fund is managed by Capital Research and Management Company, one of the nation’s oldest, largest investment management firms. Since 1931, Capital Research has invested with a long-term focus based on thorough research and attention to risk.

Fund information

Began operations: 5/03/24
Net and gross expense ratios:* 0.77% / 0.77%
Investment expenses paid annually:† $7.70 for a $1,000 balance

Ticker symbol: AAFJX

†You can estimate the investment expenses you’re paying annually by multiplying your balance in the fund by the net expense ratio.

Underlying funds

N/A

Past results

The bar graph below shows the fund’s annual results and illustrates the fund’s fluctuations over the past 10 years. (The percentages are shown at net asset value, updated annually as of 12/31.)

Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown here. For more current information and month-end results, click here. Share price and return will vary, so you may lose money. Investing for short periods makes losses more likely.

Because the fund had not commenced investment operations as of December 31, 2023, information regarding investment results is not shown for that period.

Average annual total returns through 12/31/25

	Latest10 years	Latest5 years	Latest3 years	Latestyear
At net asset value	-	-	18.00%	20.38%
At maximum offering price (Class A shares, with 5.75% maximum sales charge)	-	-	13.87%	13.49%

Investment results assume all distributions are reinvested and reflect applicable fees and expenses.The investment adviser is currently reimbursing a portion of the other expenses, without which the results would have been lower. This reimbursement will be in effect through at least January 1, 2021. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. Read details about how waivers and/or reimbursements affect the results for each fund.

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