AACTX — American Funds 2020 Target Date Retirement Fund, Class A
Data updated: 2026-09-28
AACTX — American Funds 2020 Target Date Retirement Fund, Class A. 0.61% expense ratio · 5.75% max sales load. Holdings, fees, performance and SEC filings.
AACTX Fund Overview
AACTX — American Funds 2020 Target Date Retirement Fund, Class A is a US mutual fund managed by American Funds Target Date Retirement Series, categorised as Target Date / Glide Path Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: American Funds Target Date Retirement Series
- Category: Target Date / Glide Path Allocation
- Assets under management: $13.92B
- 1-year return: 10.5%
- Ticker: AACTX
- SEC CIK: 0001380175
- SEC series ID: S000015557
- Share class ID: C000042387
AACTX Investment Objective and Strategy
American Funds 2020 Target Date Retirement Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by American Funds Target Date Retirement Series.
Investment objective
Depending on the proximity to its target date, the fund will seek to achieve the following objectives to varying degrees: growth, income and conservation of capital. The fund will increasingly emphasize income and conservation of capital by investing a greater portion of its assets in bond, equity-income and balanced funds as it approaches and passes its target date. In this way, the fund seeks to balance total return and stability over time.
Principal investment strategy
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 such as growth funds, growth-and-income funds, equity-income funds and a balanced fund and bond funds. The fund categories represent differing investment objectives. For example, growth funds seek long-term growth primarily through investing in both U.S. stocks and stocks of issuers domiciled outside the U.S. 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 bond investments, while bond funds seek current income through bond investments. The fund is designed for investors who plan to retire in, or close to, the year designated in the funds name.
The investment adviser may periodically rebalance or modify the asset mix of the funds and change the underlying fund investments. According to its current investment approach, the investment adviser will continue to manage the fund for approximately thirty years after the fund reaches its target date. Thirty 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 chart illustrates the investment approach of the fund by showing how its investment in the various fund categories will change over time. The allocations shown reflect the funds target allocations as of January 1, 2018. Investment approach Allocations 2060 2055 2050 2045 2040 2035 2030 2025 2020 2015 +5 +10 +15 +20 +25 +30 Growth 40 40 40 40 40 40 35 20 15 5 - - - - - - Growth & Income 45 45 45 45 40 35 35 35 30 25 25 20 15 10 5 - Equity Inc / Balanced 10 10 10 10 15 20 20 20 20 25 30 30 35 35 35 40 Fixed Income 5 5 5 5 5 5 10 25 35 45 45 50 50 55 60 60 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 continuously monitor the fund and may make modifications to either the investment approach or the underlying fund allocations that the investment adviser believes could benefit shareholders.
AACTX Holdings
Top 10 holdings of American Funds 2020 Target Date Retirement Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Income Fund of America (the) (ifa) | 12.35% |
| Bond Fund of America (the) (bfa) | 8.79% |
| American Balanced Fund (ambal) | 7.62% |
| Intermediate Bond Fund of America | 7.01% |
| American Funds Inflation Linked Bond (ilbf) | 6.96% |
| Capital Income Builder (cib) | 6.54% |
| American Mutual Fund (amf) | 6.06% |
| American Funds Mortgage (afmf) | 5.94% |
| Capital World Growth & Income Fund | 5.02% |
| Washington Mutual Investors Fund (wmif) | 4.71% |
AACTX Portfolio Allocation
Asset-class allocation of American Funds 2020 Target Date Retirement Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.9% |
AACTX Performance
Total returns for AACTX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 4.80% |
| 1 year | 10.53% |
| 3 years (annualised) | 10.39% |
| 5 years (annualised) | 5.43% |
AACTX Risk Information
Risk metrics for AACTX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 6.23%
AACTX Costs and Fees
AACTX costs about $61 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.61%
- Gross expense ratio: 0.61%
- Portfolio turnover: 7%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
AACTX Cashflows
Over the 12 months to 2026-07, American Funds 2020 Target Date Retirement Fund had net outflows of $1.44B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | −$196.50M |
| 2026-06 | −$295.63M |
| 2026-05 | −$207.67M |
| 2026-04 | −$282.60M |
| 2026-03 | −$255.27M |
| 2026-02 | −$153.81M |
AACTX Debt Constituents
No individual debt constituents are reported in American Funds 2020 Target Date Retirement Fund's latest SEC N-PORT filing.
AACTX Prospectus and SEC Filings
Official American Funds 2020 Target Date Retirement Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-12-31
- Prospectus (485BPOS) — filed 2024-12-31
- Prospectus (485BPOS) — filed 2023-12-29
- Portfolio holdings (N-PORT) — filed 2026-09-28
- Portfolio holdings (N-PORT) — filed 2026-06-26
- Portfolio holdings (N-PORT) — filed 2026-03-30
- Annual census (N-CEN) — filed 2026-01-14
- Annual census (N-CEN) — filed 2025-01-14
Related Funds
Other Target Date / Glide Path Allocation funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.