Mutual fund
American Funds 2050 Target Date Retirement Fund®
TickerRFITX
Fund manager
Deforestation grade: Fund is invested in deforestation-risk agricultural commodity producer/traders, above the threshold of 0.5% and below 1.5%. Assigned a grade of D.
How we track deforestation-risk investments
How we track deforestation-risk investments
D
8.75%
INVESTED IN DEFORESTATION-RISK COMPANIES
AGRIBUSINESS
deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy
BANKS AND LENDERS
that finance deforestation-risk agribusiness producers via lending and underwriting
MAJOR CONSUMER BRANDS
that use deforestation-risk agribusiness commodities in products
94
holdings flagged
8.63%
of assets flagged
This fund contains
$1.74 BILLION invested
in holdings flagged for deforestation riskAmerican Funds, owned by Capital Group, has huge investments in companies like Pepsico, Yum Brands, Hormel, McDonald's and Procter & Gamble that use palm oil, cattle and paper pulp in their products but have failed to eliminate deforestation from their operations. This means Capital Group has a key role to play in voting for No Deforestation policies at these companies and engaging with company management to make sure these policies are implemented. Tell Capital Group to adopt a No Deforestation Policy!
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Commodity producers
11 holdings
0.51% of assets
$103.11 MILLION invested
Banks and lenders
15 holdings
1.5% of assets
$302.56 MILLION invested
Major consumer brands
73 holdings
7% of assets
$1.41 BILLION invested
Commodity producers
11 HOLDINGS
Companies that produce and trade palm oil, paper/pulp, rubber, timber, cattle, and soy, and have a past record or a significant risk of contributing to deforestation, land grabbing, and human rights abuses. Investing in any of these companies assigns a fund a grade of C if total producer exposure is below the threshold of 0.5%; a grade of D if below 1.5%; and a grade of F if above 1.5%.
11 HOLDINGS
- % of portfolio$ invested
- 1. Archer-Daniels Midland Co
0.22%0.22% of portfolio$43.61M$43.61M invested - 2. Bunge Ltd
0.12%0.12% of portfolio$25.07M$25.07M invested - 3. Glencore PLC0.05%0.05% of portfolio$10.96M$10.96M invested
- 4. Neste Corp0.04%0.04% of portfolio$8.98M$8.98M invested
- 5. Hormel Foods Corp
0.03%0.03% of portfolio$5.91M$5.91M invested
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Banks and lenders
15 HOLDINGS
Financial institutions directly and indirectly involved in underwriting and lending to deforestation-risk producers and traders. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
15 HOLDINGS
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Major consumer brands
73 HOLDINGS
Consumer goods retailers that source palm oil, paper/pulp, rubber, timber, cattle, and soy from deforestation-risk producers and traders and sell it to consumers worldwide. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
73 HOLDINGS
- % of portfolio$ invested
- 1. The Home Depot Inc
0.77%0.77% of portfolio$154.92M$154.92M invested - 2. Amazon.com Inc
0.69%0.69% of portfolio$139.1M$139.1M invested - 3. LVMH Moet Hennessy Louis Vuitton SE0.5%0.5% of portfolio$100.11M$100.11M invested
- 4. Nestle SA0.4%0.4% of portfolio$79.86M$79.86M invested
- 5. CVS Health Corp0.33%0.33% of portfolio$67.37M$67.37M invested
View next 5
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DATA AS OF 12/31/22
Sustainability report card
As You Sow’s Invest Your Values report card grades mutual funds on environmental and social issues, including climate change, gender equality, and weapon investments. Click through to get more details on each issue.
American Funds 2050 Target Date Retirement Fund® RFITX
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Find more financial data on RFITX at Morningstar.comTake Action
Call on U.S. investment firms to implement Deforestation and Land Grab-Free investment policies.
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