The American Funds 2050 Target Date Retirement Fund Class C (CCITX) is a mutual fund that is designed to help investors save for retirement in the year 2050. This fund is part of the American Funds family, which is known for its long-term investment approach and diverse portfolio options. Class C shares typically have higher expense ratios but do not charge a front-end sales load, making them a more affordable option for investors. The fund's portfolio is actively managed and may include a mix of stocks, bonds, and other assets to provide potential growth and income for investors as they approach retirement. As the target date approaches, the fund's asset allocation will gradually shift to a more conservative mix to help protect investors' savings. Overall, the American Funds 2050 Target Date Retirement Fund Class C is a suitable choice for investors looking for a long-term retirement savings option with a moderate level of risk.