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Trending ETFs

American Funds 2015 Target Date Retirement Fund

mutual fund
AABTX
Payout Change
Pending
Price as of:
$11.64 -0.07 -0.6%
primary theme
Target-Date 2015
AABTX (Mutual Fund)

American Funds 2015 Target Date Retirement Fund

Payout Change
Pending
Price as of:
$11.64 -0.07 -0.6%
primary theme
Target-Date 2015
AABTX (Mutual Fund)

American Funds 2015 Target Date Retirement Fund

Payout Change
Pending
Price as of:
$11.64 -0.07 -0.6%
primary theme
Target-Date 2015

Name

As of 08/15/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$11.64

$4.99 B

2.80%

$0.33

0.63%

Vitals

YTD Return

2.9%

1 yr return

10.1%

3 Yr Avg Return

1.5%

5 Yr Avg Return

5.5%

Net Assets

$4.99 B

Holdings in Top 10

72.3%

52 WEEK LOW AND HIGH

$11.7
$11.57
$11.90

Expenses

OPERATING FEES

Expense Ratio 0.63%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover 21.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$250

IRA

$25


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 08/15/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$11.64

$4.99 B

2.80%

$0.33

0.63%

AABTX - Profile

Distributions

  • YTD Total Return 2.9%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 5.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.80%
DIVIDENDS
  • Dividend Yield 2.8%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    American Funds 2015 Target Date Retirement Fund
  • Fund Family Name
    Capital Group Fund Group
  • Inception Date
    Feb 01, 2007
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Wesley Phoa

Fund Description

The fund will attempt to achieve its investment objectives by investing in a mix of American Funds in different combinations and weightings. The underlying American Funds represent a variety of fund categories, including growth-and-income funds, equity-income funds, balanced funds and fixed income funds. The fund categories represent differing investment objectives and strategies. For example, growth-and-income funds seek long-term growth and income primarily through investments in stocks. Equity-income and balanced funds generally strive for income and growth through stocks and/or fixed income investments, while fixed income funds seek current income through investments in bonds or in other fixed income instruments.

The fund is designed for investors who plan to retire in, or close to, the fund’s target date – that is, the year designated in the fund’s name. However, investors may purchase shares of the fund throughout the life of the fund, including after the target date. In an effort to achieve the fund’s overall investment objective, the fund will continue to provide equity and fixed income exposure in varying amounts after the target date has passed.

The fund’s investment adviser periodically reviews the investment strategies and asset mix of the underlying funds and may, from time to time, rebalance or modify the asset mix of the funds and change the underlying fund investments. The investment adviser may also determine not to change the underlying fund allocations, particularly in response to short-term market movements, if in its opinion the combination of underlying funds is appropriate to meet the fund’s investment objective.

According to its current investment approach, the investment adviser will continue to manage the fund for approximately 30 years after the fund reaches its target date. As reflected in the glide path below, the fund’s asset allocations will change throughout this period. 30 years after its target date, the fund may be combined with other funds in a single portfolio with an investment allocation that will not evolve beyond that which is in effect at that time.

The following glide path chart illustrates the investment approach of the fund by showing how its investment in the various fund categories will change over time. The glide path represents the shifting of asset classes over time and shows how the fund’s asset mix becomes relatively more conservative – both prior to and after retirement – as time elapses. Although the glide path is meant to dampen the fund’s potential volatility as retirement approaches, the fund is not designed for a lump sum redemption at the retirement date. The fund’s asset allocation strategy promotes asset accumulation prior to retirement, but it is also intended to provide equity exposure throughout retirement to deliver capital growth potential. The fund will seek dividend income to help dampen risk while maintaining equity exposure, and will invest in fixed income securities to help provide current income, capital preservation and inflation protection. The allocations shown reflect the target allocations as of January 1, 2024.

Investment approach

The investment adviser anticipates that the fund will invest its assets within a range that deviates no more than 10% above or below the investment approach set forth above. For example, a 40% target allocation to growth funds is not expected to be greater than 50% nor less than 30%. The investment adviser will monitor the fund on an ongoing basis and may make modifications to either the investment approach or the underlying fund allocations that the investment adviser believes could benefit shareholders.

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AABTX - Performance

Return Ranking - Trailing

Period AABTX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.9% 2.1% 9.7% 57.01%
1 Yr 10.1% 6.4% 20.2% 48.60%
3 Yr 1.5%* -2.1% 3.2% 7.84%
5 Yr 5.5%* 3.7% 6.6% 22.47%
10 Yr 4.9%* 3.8% 5.7% 29.79%

* Annualized

Return Ranking - Calendar

Period AABTX Return Category Return Low Category Return High Rank in Category (%)
2023 5.5% 2.1% 17.4% 91.51%
2022 -13.8% -44.4% -13.7% 12.38%
2021 4.7% -4.2% 4.8% 6.25%
2020 5.3% -2.7% 10.1% 55.79%
2019 10.0% -1.5% 13.9% 59.09%

Total Return Ranking - Trailing

Period AABTX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.9% 2.1% 9.7% 57.01%
1 Yr 10.1% 6.4% 20.2% 48.60%
3 Yr 1.5%* -2.1% 3.2% 7.84%
5 Yr 5.5%* 3.7% 6.6% 22.47%
10 Yr 4.9%* 3.8% 5.7% 29.79%

* Annualized

Total Return Ranking - Calendar

Period AABTX Return Category Return Low Category Return High Rank in Category (%)
2023 9.2% 7.7% 19.9% 84.91%
2022 -10.6% -21.5% -10.2% 7.62%
2021 9.9% 0.9% 12.7% 15.63%
2020 9.6% 7.8% 14.7% 83.16%
2019 14.5% 13.6% 19.9% 85.23%

NAV & Total Return History


AABTX - Holdings

Concentration Analysis

AABTX Category Low Category High AABTX % Rank
Net Assets 4.99 B 4.6 M 5.49 B 17.76%
Number of Holdings 21 6 568 65.42%
Net Assets in Top 10 3.68 B 3.12 M 3.78 B 17.76%
Weighting of Top 10 72.28% 55.5% 100.7% 83.18%

Top 10 Holdings

  1. INCOME FUND OF AMERICA (THE) R6 (IFA CL R6) 12.82%
  2. BOND FUND OF AMERICA (THE) R6 (BFA CL R6) 8.81%
  3. INTERMEDIATE BOND FUND OF AMERICA R6 (IBFA CL R6) 8.41%
  4. AMERICAN FUNDS INFLATION LINKED BOND R6 (ILBF CL R6) 8.03%
  5. AMERICAN BALANCED FUND R6 (AMBAL CL R6) 7.14%
  6. AMERICAN FUNDS MORTGAGE R6 (AFMF CL R6) 6.02%
  7. CAPITAL INCOME BUILDER R6 (CIB CL R6) 6.00%
  8. AMERICAN MUTUAL FUND R6 (AMF CL R6) 5.97%
  9. CAPITAL WORLD GROWTH AND INCOME FUND R6 (WGI CL R6) 4.97%
  10. WASHINGTON MUTUAL INVESTORS FUND R6 (WMIF CL R6) 4.12%

Asset Allocation

Weighting Return Low Return High AABTX % Rank
Stocks
99.88% 0.00% 100.67% 25.23%
Convertible Bonds
0.53% 0.00% 3.41% 67.29%
Cash
0.12% 0.00% 10.02% 76.64%
Preferred Stocks
0.00% 0.00% 0.00% 97.20%
Other
0.00% -0.05% 2.69% 95.33%
Bonds
0.00% 0.00% 53.22% 98.13%

Stock Sector Breakdown

Weighting Return Low Return High AABTX % Rank
Technology
17.45% 5.66% 22.35% 66.36%
Financial Services
16.20% 6.12% 19.30% 50.47%
Healthcare
13.47% 3.88% 15.29% 28.04%
Consumer Defense
9.65% 3.06% 9.65% 12.15%
Industrials
9.03% 3.87% 12.81% 86.92%
Communication Services
7.58% 1.23% 9.99% 28.97%
Consumer Cyclical
7.20% 4.10% 13.15% 99.07%
Utilities
5.23% 1.18% 5.23% 12.15%
Energy
5.02% 1.93% 8.89% 59.81%
Real Estate
4.98% 1.86% 17.94% 42.06%
Basic Materials
4.18% 1.78% 7.69% 82.24%

Stock Geographic Breakdown

Weighting Return Low Return High AABTX % Rank
US
99.88% 0.00% 100.67% 25.23%
Non US
0.00% 0.00% 5.29% 97.20%

AABTX - Expenses

Operational Fees

AABTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.63% 0.05% 25.51% 51.89%
Management Fee 0.00% 0.00% 0.58% 28.04%
12b-1 Fee 0.26% 0.00% 1.00% 64.58%
Administrative Fee N/A 0.01% 0.28% 41.18%

Sales Fees

AABTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 3.50% 5.75% 55.56%
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

AABTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AABTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 21.00% 0.00% 61.00% 25.96%

AABTX - Distributions

Dividend Yield Analysis

AABTX Category Low Category High AABTX % Rank
Dividend Yield 2.80% 0.00% 7.59% 23.36%

Dividend Distribution Analysis

AABTX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual SemiAnnual

Net Income Ratio Analysis

AABTX Category Low Category High AABTX % Rank
Net Income Ratio 1.80% 0.02% 3.98% 40.00%

Capital Gain Distribution Analysis

AABTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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AABTX - Fund Manager Analysis

Managers

Wesley Phoa


Start Date

Tenure

Tenure Rank

Jan 01, 2012

10.42

10.4%

Wesley K. Phoa is a solutions portfolio manager at Capital Group. His focus is on fund-of-funds and multi-asset solutions. Wesley serves on the Target Date Solutions Committee, the Portfolio Solutions Committee and the Custom Solutions Committee. He has 28 years of investment experience and has been with Capital Group for 23 years. Earlier in his career at Capital, Wesley served as a fixed income portfolio manager with a focus on rates-driven and long duration strategies. His areas of research responsibility included interest rates, monetary policy and financial economics.

Bradley Vogt


Start Date

Tenure

Tenure Rank

Jan 01, 2012

10.42

10.4%

Bradley J. Vogt is an equity portfolio manager at Capital Group. He is the principal investment officer of the American Funds Target Date Retirement Series® and serves on the Target Date Solutions Committee. Brad has been involved in the oversight of our multi-asset solutions for more than a decade. Brad has 34 years of investment experience, all with Capital Group. Earlier in his career, as an equity investment analyst at Capital, he covered environmental services, U.S. telecommunications and cable & satellite TV companies.

Joanna Jonsson


Start Date

Tenure

Tenure Rank

Jan 01, 2015

7.42

7.4%

Joanna F. Jonsson is an equity portfolio manager at Capital Group. She is also president of Capital Research and Management Company and serves on the Capital Group Management Committee and the Target Date Solutions Committee. She has 33 years of investment experience and has been with Capital Group for 31 years. Earlier in her career, as an equity investment analyst at Capital, Jody covered insurance, U.S. household & personal care, restaurants & lodging and cruise lines companies.

David Hoag


Start Date

Tenure

Tenure Rank

Jan 01, 2020

2.41

2.4%

David A. Hoag is a fixed income portfolio manager at Capital Group. He also serves on the Fixed Income Management Committee and the Target Date Solutions Committee. He has 34 years of investment experience and has been with Capital Group for 30 years. Earlier in his career, as a fixed income investment analyst at Capital, he covered municipal bonds. He holds an MBA in finance from the University of Chicago Booth School of Business and a bachelor’s degree in economics and business from Wheaton College, Illinois. David is based in Los Angeles.

Michelle Black


Start Date

Tenure

Tenure Rank

Jan 01, 2020

2.41

2.4%

Michelle J. Black is a solutions portfolio manager at Capital Group. Her focus is on fund-of-funds and multi-asset solutions. Michelle serves on the Target Date Solutions Committee and the Portfolio Solutions Committee. She has 25 years of investment industry experience and has been with Capital Group for 18 years. During her tenure at Capital, Michelle led the development of asset allocation design for private high-net-worth clients. She has been deeply involved in glide path development for our target date series, and also worked as an asset allocation investment specialist out of our London office, where she helped construct multi-asset solutions for global institutions. Prior to joining Capital, Michelle was manager of the Los Angeles office and an investment planning analyst at Sanford C. Bernstein & Co. She holds a bachelor’s degree in business administration from the University of Southern California. She also holds the Certified Investment Management Analyst® and Certified Private Wealth Advisor® designations, is a member of the Investments & Wealth Institute and serves on the CIMA commission. Michelle is based in Los Angeles.

Samir Mathur


Start Date

Tenure

Tenure Rank

Jan 01, 2020

2.41

2.4%

Samir Mathur is a solutions portfolio manager at Capital Group. His focus is on fund-of-funds and multi-asset solutions. He is chair of the Portfolio Solutions Committee and also serves on the Target Date Solutions Committee and the Custom Solutions Committee. He has 29 years of investment industry experience and has been with Capital Group for nine years. During his tenure at Capital, Samir has led the development of fund-of-funds solutions and several model portfolios, including tax-aware portfolio models, portfolio sleeves and model portfolios for our insurance series of funds. Prior to joi

Shannon Ward


Start Date

Tenure

Tenure Rank

Jan 01, 2021

1.41

1.4%

Shannon Ward is a fixed income portfolio manager at Capital Group. She also serves on the Target Date Solutions Committee. She has 29 years of investment industry experience and has been with Capital Group for five years. Prior to joining Capital, Shannon worked as a portfolio manager at Oaktree Capital Management. She holds an MBA from the University of Southern California and a bachelor's degree in psychology from University of California, Santa Barbara. Shannon is based in Los Angeles.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.48 16.18 5.67 2.41