American Funds 2035 Target Date Retirement Fund (FBFTX)

American Funds 2035 Target Date Retirement Fund Class F-2 is a multi-asset mutual fund designed for investors planning to retire around the year 2035. As part of a target date retirement series, its primary purpose is to offer a professionally managed, diversified investment that dynamically adjusts its allocation as the retirement year approaches. The fund is structured to prioritize capital growth in its early years, with significant exposure to U.S. and international equities. As it nears its target date, the portfolio increasingly emphasizes income generation and capital preservation by shifting assets toward fixed income, equity-income, and balanced strategies. This fund invests in a selection of underlying American Funds, spanning a variety of sectors including information technology, industrials, financials, and health care. The gradual transition from growth-oriented to more conservative asset classes supports investors through both the accumulation and withdrawal phases of retirement planning. Managed by Capital Research and Management Company, the fund leverages the expertise of one of the industry’s most established investment management firms. Its design and management make it a prominent choice within the target-date mutual fund category for retirement-focused investors seeking a single-fund solution that evolves over time to meet their changing risk tolerance and income needs.