CCGTX: American Funds 2040 Target Date Retirement Fund® - MutualFunds.com
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CCGTX - Snapshot

Vitals

  • YTD Return 10.9%
  • 3 Yr Annualized Return 13.5%
  • 5 Yr Annualized Return 13.4%
  • Net Assets $28.5 B
  • Holdings in Top 10 70.9%

52 WEEK LOW AND HIGH

$20.17
$16.19
$20.27

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.47%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 5.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $250
  • IRA $25

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2040

Compare CCGTX to Popular Target-Date 2040 Funds

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$32.57

-0.52%

$46.25 B

1.50%

$0.49

10.97%

0.09%

$49.09

-0.51%

$32.25 B

1.46%

$0.72

10.89%

0.14%

$12.65

-0.71%

$30.07 B

-

$0.12

7.66%

0.75%

$20.68

+0.10%

$28.48 B

0.70%

$0.14

11.36%

0.71%

$34.34

-0.58%

$16.53 B

0.72%

$0.25

12.85%

0.60%

CCGTX - Profile

Distributions

  • YTD Total Return 10.9%
  • 3 Yr Annualized Total Return 13.5%
  • 5 Yr Annualized Total Return 13.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.61%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    American Funds 2040 Target Date Retirement Fund®
  • Fund Family Name
    American Funds
  • Inception Date
    Feb 21, 2014
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Wesley Phoa

Fund Description

The fund normally invests a greater portion of its assets in fixed income, equity-income and balanced funds as it approaches and passes its target date. The advisor attempts 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 funds, growth-and-income funds, equity-income funds, balanced funds and fixed income funds. The fund categories represent differing investment objectives.


CCGTX - Performance

Return Ranking - Trailing

Period CCGTX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.9% 4.6% 14.1% 65.74%
1 Yr 32.2% 24.8% 41.7% 70.78%
3 Yr 13.5%* 8.8% 15.2% 33.33%
5 Yr 13.4%* 10.1% 15.1% 32.02%
10 Yr 10.4%* 7.6% 11.6% 26.61%

* Annualized

Return Ranking - Calendar

Period CCGTX Return Category Return Low Category Return High Rank in Category (%)
2020 14.4% 1.3% 14.9% 8.33%
2019 18.6% 4.1% 22.6% 35.50%
2018 -10.4% -23.1% -6.9% 14.12%
2017 18.4% -15.1% 18.8% 9.70%
2016 3.8% -0.2% 8.2% 58.74%

Total Return Ranking - Trailing

Period CCGTX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.9% 4.6% 14.1% 65.74%
1 Yr 31.2% 17.6% 41.7% 75.46%
3 Yr 13.5%* 6.7% 15.2% 30.81%
5 Yr 13.4%* 8.8% 15.1% 29.55%
10 Yr 10.4%* 7.6% 11.6% 27.05%

* Annualized

Total Return Ranking - Calendar

Period CCGTX Return Category Return Low Category Return High Rank in Category (%)
2020 14.4% 1.3% 14.9% 8.33%
2019 18.6% 4.1% 22.6% 35.50%
2018 -6.5% -23.1% -5.5% 4.52%
2017 20.6% -15.1% 26.3% 14.55%
2016 7.0% -0.1% 10.6% 46.15%

NAV & Total Return History


CCGTX - Holdings

Concentration Analysis

CCGTX Category Low Category High CCGTX % Rank
Net Assets 28.5 B 182 K 46.3 B 7.93%
Number of Holdings 21 4 530 48.02%
Net Assets in Top 10 20.2 B 138 K 45.7 B 7.93%
Weighting of Top 10 70.87% 38.9% 100.0% 89.27%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High CCGTX % Rank
Stocks
83.63% 64.01% 90.51% 43.61%
Bonds
9.95% -14.53% 90.36% 77.09%
Cash
5.89% -65.19% 48.81% 22.03%
Preferred Stocks
0.38% 0.00% 0.47% 8.37%
Convertible Bonds
0.12% 0.00% 1.40% 70.48%
Other
0.03% -2.54% 7.22% 74.89%

Stock Sector Breakdown

Weighting Return Low Return High CCGTX % Rank
Technology
19.60% 14.75% 21.15% 27.75%
Healthcare
14.76% 8.78% 14.76% 5.73%
Financial Services
14.05% 12.37% 18.85% 86.78%
Consumer Cyclical
11.26% 8.54% 15.06% 84.58%
Communication Services
10.69% 6.98% 11.22% 8.81%
Industrials
9.84% 9.29% 14.83% 96.48%
Consumer Defense
6.57% 4.28% 11.29% 46.26%
Basic Materials
4.24% 2.97% 5.89% 86.78%
Energy
3.58% 1.88% 4.03% 20.26%
Utilities
3.07% 0.40% 6.18% 9.69%
Real Estate
2.35% 1.83% 9.33% 90.75%

Stock Geographic Breakdown

Weighting Return Low Return High CCGTX % Rank
US
58.18% 29.93% 67.62% 11.45%
Non US
25.45% 16.95% 44.39% 75.77%

Bond Sector Breakdown

Weighting Return Low Return High CCGTX % Rank
Cash & Equivalents
40.35% 1.46% 52.23% 15.42%
Government
31.83% 8.80% 60.69% 47.14%
Securitized
14.08% 0.00% 31.59% 57.71%
Corporate
13.46% 0.79% 57.83% 88.11%
Municipal
0.29% 0.00% 17.70% 40.53%
Derivative
0.00% 0.00% 27.01% 100.00%

Bond Geographic Breakdown

Weighting Return Low Return High CCGTX % Rank
US
8.55% 2.14% 60.19% 73.57%
Non US
1.40% -54.55% 36.77% 63.88%

CCGTX - Expenses

Operational Fees

CCGTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.47% 0.06% 1.84% 5.75%
Management Fee 0.00% 0.00% 0.88% 27.23%
12b-1 Fee 1.00% 0.00% 1.00% 100.00%
Administrative Fee N/A 0.01% 0.30% 52.67%

Sales Fees

CCGTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load 1.00% 1.00% 4.00% 100.00%

Trading Fees

CCGTX 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.

CCGTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 5.00% 2.00% 101.00% 7.62%

CCGTX - Distributions

Dividend Yield Analysis

CCGTX Category Low Category High CCGTX % Rank
Dividend Yield 0.15% 0.00% 0.14% 99.56%

Dividend Distribution Analysis

CCGTX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Quarterly

Net Income Ratio Analysis

CCGTX Category Low Category High CCGTX % Rank
Net Income Ratio 0.61% -0.14% 6.53% 91.79%

Capital Gain Distribution Analysis

CCGTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Dividend Payout History

View More +

CCGTX - Fund Manager Analysis

Managers

Wesley Phoa


Start Date

Tenure

Tenure Rank

Jan 01, 2012

9.5

9.5%

Wesley K. Phoa is a solutions portfolio manager at Capital Group. His focus is on fund-of-funds and multi-asset solutions. He has 25 years of investment experience and has been with Capital Group for 20 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. He has also been involved in the development of several fund-of-funds strategies and custom solutions for institutional clients. Prior to joining Capital, he was director of research with Capital Management Sciences and a quantitative analyst with Deutsche Bank in Australia. He holds a PhD in pure mathematics from Trinity College at the University of Cambridge and a bachelor’s degree with honors from the Australian National University. He is an elected member of the Conference of Business Economists and the International Conference of Commercial Bank Economists. He sits on the editorial board of The Journal of Portfolio Management. Wesley is based in Los Angeles.

Bradley Vogt


Start Date

Tenure

Tenure Rank

Jan 01, 2012

9.5

9.5%

Bradley J. Vogt is an equity portfolio manager at Capital Group. He is chairman of Capital Research Company. and serves on the Capital Group Companies Management Committee. Brad began his career at Capital as a participant in The Associates Program, a two-year series of work assignments in various areas of the organization. He holds a bachelor’s degree in international politics and economics from Wesleyan University. Brad is based in Washington, D.C.

Jody Jonsson


Start Date

Tenure

Tenure Rank

Jan 01, 2015

6.5

6.5%

Joanna F. Jonsson is an equity portfolio manager at Capital Group. She has 30 years of investment experience and has been with Capital Group for 28 years. As an equity analyst at Capital, her coverage included insurance, U.S. household & personal care, restaurants & lodging and cruise lines companies. Jody holds an MBA from Stanford Graduate School of Business and a bachelor’s degree in economics from Princeton University graduating cum laude. She holds the Chartered Financial Analyst® designation and is a member of the CFA Institute. Jody is based in Los Angeles.

David Hoag


Start Date

Tenure

Tenure Rank

Jan 01, 2020

1.5

1.5%

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 32 years of investment experience and has been with Capital Group for 28 years. Earlier in his career, as a fixed income investment analyst at Capital, he covered municipal bonds. Prior to joining Capital, David worked as a municipal bond analyst for Van Kampen Merritt Investment Advisory Corp. in Lisle, Illinois. He holds an MBA in finance from the University of Chicago Booth School of Business.

Michelle Black


Start Date

Tenure

Tenure Rank

Jan 01, 2020

1.5

1.5%

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

1.5

1.5%

Samir Mathur is a solutions portfolio manager at Capital Group. His focus is on fund-of-funds and multi-asset solutions. Samir serves on the Target Date Solutions Committee and the Portfolio Solutions Committee. He has 27 years of investment industry experience and has been with Capital Group for seven 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 joining Capital, Samir was a managing director for

Shannon Ward


Start Date

Tenure

Tenure Rank

Jan 01, 2021

0.49

0.5%

Shannon Ward is a fixed income portfolio manager at Capital Group. She has 26 years of investment industry experience and has been with Capital Group for two 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
0.09 16.67 5.12 1.5