American Funds 2020 Target Date Retirement Fund®
Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Returns are shown at net asset value and have all distributions reinvested. If a sales charge (maximum of 5.75%) had been deducted, the results would have been lower. Share price and return will vary, so investors may lose money. Investing for short periods makes losses more likely. Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Return to the detailed fund information page to see the fund's expense ratio and returns for the most recent quarter- and month-end.
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The results shown are before taxes on fund distributions and sale of fund shares.
Investing outside the United States involves risks, such as currency fluctuations, periods of illiquidity and price volatility, as more fully described in the prospectus. These risks may be heightened in connection with investments in developing countries. Small-company stocks entail additional risks, and they can fluctuate in price more than larger company stocks. Lower rated bonds are subject to greater fluctuations in value and risk of loss of income and principal than higher rated bonds. The return of principal in bond funds and in a fund's bond holdings is not guaranteed. Fund shares are subject to the same interest rate, inflation and credit risks that are associated with the bonds owned by the underlying fund. Fund shares of the U.S. Government Securities Fund are not guaranteed by the U.S. government. For more information about the risks associated with each underlying fund, go to its detailed fund information page or read its prospectus.
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Lifetime returns are from the fund's inception on February 1, 2007, through the most recent month- or quarter-end. Investment results assume all distributions are reinvested and reflect applicable fees and expenses. The investment adviser is currently waiving its management fee of 0.10%. After December 31, 2014, the adviser may modify or terminate the waiver, but only with fund board approval. In addition, the investment adviser has in the past reimbursed certain expenses for all share classes. Investment results reflect the waiver and reimbursements, without which the results would have been lower. When applicable, investment results reflect fee waivers and/or expense reimbursements, without which results would have been lower. Read details about how waivers and/or reimbursements affect the results for each fund.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses, summary prospectuses and CollegeAmerica Program Description, which can be obtained from a financial professional and should be read carefully before investing. CollegeAmerica is distributed by American Funds Distributors and sold through unaffiliated intermediaries.