American Funds 2050 Target Date Retirement Fund Class R-6 (RFITX)

This fund strategically adjusts its portfolio over time, increasing its allocation to more conservative investments like fixed income, equity-income, and balanced funds as it approaches and then moves beyond its target retirement date. To achieve its investment goals, the advisor constructs a diversified portfolio by investing in a selection of various American Funds, employing different combinations and weightings. These underlying American Funds cover a broad range of investment styles and categories, including growth, growth-and-income, equity-income, balanced, and fixed income funds, each characterized by its own unique objectives and strategies.