American Funds 2035 Target Date Retirement Fund® Class R-6 (RFFTX)

American Funds 2035 Target Date Retirement Fund Class R-6 is a target-date mutual fund crafted for investors planning to retire around the year 2035. The fund’s primary purpose is to simplify long-term retirement investing by delivering a diversified portfolio that adjusts its asset allocation over time. It invests in a carefully selected mix of American Funds, spanning multiple categories such as growth, growth-and-income, equity-income, balanced, and fixed income funds. As the target retirement date approaches, the fund gradually transitions its holdings toward a more conservative mix, increasing allocations to bonds and equity-income strategies to prioritize income and capital preservation while reducing risk exposure. This fund is managed by Capital Research and Management Company, leveraging a multi-manager approach and decades of experience. It is notable for its broad diversification across sectors—including information technology, industrials, healthcare, financials, and others—and its low expense ratio relative to peers. Its evolution in asset allocation, known as a "glide path," continues even after the target date, with management maintaining the fund’s oversight for approximately 30 years past 2035 to support investors through retirement. This approach aims to balance growth and stability, helping participants navigate and sustain their retirement savings over the long term.