American Funds 2040 Target Date Retirement Fund® Class R-5 

As this fund's target date approaches and progresses past, its asset allocation strategy shifts to increasingly prioritize fixed-income, equity-income, and balanced investment vehicles. To achieve its financial objectives, the advisor strategically deploys a diverse selection of American Funds, varying their combinations and proportional weightings. These underlying American Funds span a broad spectrum of categories, including growth-oriented, growth-and-income, equity-income, balanced, and fixed-income portfolios. Each of these distinct fund classifications is characterized by its unique investment goals and operational strategies.