American Funds 2035 Target Date Retirement Fund (REFTX)

American Funds 2035 Target Date Retirement Fund Class R-5 is a target-date mutual fund specifically designed to help investors prepare for retirement around the year 2035. The fund’s central feature is its diversified approach, investing across a blend of American Funds portfolios spanning domestic and international equities, bonds, and other fixed income instruments. Its asset allocation gradually shifts over time—moving from a focus on capital growth in its early years to emphasizing income and capital preservation as the target date approaches and during retirement. This dynamic “glide path” reduces risk exposure as investors near and enter retirement, aiming to balance total return and stability. The fund’s holdings are drawn from a select group of underlying American Funds, managed by Capital Research and Management Company. Key sectors represented include information technology, industrials, financials, and healthcare, along with meaningful allocations to government and inflation-linked bonds. With an annual expense ratio of 0.40%, the fund is positioned as a cost-effective retirement planning tool, offering professional management and regular rebalancing. It is intended both for investors seeking a single-fund retirement solution and for those who value a disciplined strategy that adapts automatically to changing retirement needs over several decades.