American Fds 2020 Target Date Retirement Fund Cl R1 (RACTX)

The American Fds 2020 Target Date Retirement Fd Cl R1 (RACTX) is a mutual fund that is designed to help investors reach their retirement goals by the year 2020. This fund is specifically tailored for investors who are planning to retire in the near future and want a more conservative investment approach. It is classified as a "target date" fund, meaning that the asset allocation becomes more conservative as the target date approaches. The "Cl R1" in the name indicates that this fund is a share class with a lower expense ratio, making it a more cost-effective option for investors. Overall, RACTX offers a diversified portfolio of investments that are suitable for those looking to retire in the year 2020.