American Funds 2050 Target Date Retirement Fund®

Shareclass

American Funds 2050 Trgt Date Retire R6 (RFITX)

Type

Open-end mutual fund

Manager

Deforestation grade: Fund is invested in deforestation-risk agricultural commodity producer/traders, below the threshold of 0.5%. Assigned a grade of C.
How we track deforestation-risk investments

8.2%

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

holdings flagged

8.09%

of assets flagged

This fund contains

$1.99 BILLION invested

in holdings flagged for deforestation risk

American 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!

Sign the petition

Commodity producers

13 holdings

0.43% of assets

$106.01 MILLION invested

Banks and lenders

15 holdings

1.23% of assets

$301.95 MILLION invested

Major consumer brands

71 holdings

6.67% of assets

$1.64 BILLION invested

Commodity producers

13 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%.

13 HOLDINGS

% of portfolio
$ invested
1. Bunge Ltd
0.1%0.1% of portfolio
$25.17M$25.17M invested
2. Archer-Daniels Midland Co
0.1%0.1% of portfolio
$23.84M$23.84M invested
3. Glencore PLC
0.08%0.08% of portfolio
$19.71M$19.71M invested
4. Neste Corp
0.04%0.04% of portfolio
$10.84M$10.84M invested
5. PT Astra International Tbk
0.03%0.03% of portfolio
$7.96M$7.96M invested

View next 5

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

% of portfolio
$ invested
1. JPMorgan Chase & Co
0.58%0.58% of portfolio
$141.86M$141.86M invested
2. Morgan Stanley
0.27%0.27% of portfolio
$67.28M$67.28M invested
3. ING Groep NV
0.1%0.1% of portfolio
$23.51M$23.51M invested
4. DBS Group Holdings Ltd
0.09%0.09% of portfolio
$21.64M$21.64M invested
5. Citigroup Inc
0.05%0.05% of portfolio
$11.92M$11.92M invested

View next 5

Major consumer brands

71 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).

71 HOLDINGS

% of portfolio
$ invested
1. Amazon.com Inc
0.85%0.85% of portfolio
$209.57M$209.57M invested
2. The Home Depot Inc
0.71%0.71% of portfolio
$174.22M$174.22M invested
3. LVMH Moet Hennessy Louis Vuitton SE
0.57%0.57% of portfolio
$141.19M$141.19M invested
4. Nestle SA
0.35%0.35% of portfolio
$86.67M$86.67M invested
5. Johnson & Johnson
0.24%0.24% of portfolio
$58.58M$58.58M invested

View next 5

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DATA AS OF 30 Jun 2023

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

Environment

Fossil fuels
Investments in coal, oil, and natural gas energy and utility companies, and related financial companies

Deforestation
Investments in deforestation-risk agricultural commodities, and related financial companies and consumer brands

Social

Gender equality
Gender equality group ranking, based on Equileap company data

Civilian firearms
Investments in civilian firearms manufacturers, and related gun retailers

Prison industrial complex
Investments in prisons and borders industry, including private prison operators

Military weapons
Investments in military arms manufacturers and services companies, including nuclear weapon manufacturers and servicers

Tobacco
Investments in tobacco and e-cigarette manufacturers, and tobacco-promoting entertainment companies

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Financial performance

Performance data provided by

Find more financial data on RFITX at Morningstar.com

Current fund

RFITX

American Funds 2050 Target Date Retirement Fund®

Family

American Funds

Category

Target-Date 2050

Find another fund

vs.

Benchmark

IVV

iShares Core S&P 500 ETF

Family

iShares from BlackRock

Category

Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 7/31/23

1 year

3 years

5 years

10 years

Benchmark

Suggested: Not available

Fund comparison results

Compared to the benchmark, this fund has:

Lower 10-yr returns

-3.22% less in annualized returns

More invested in commodity producers

0.14% more invested

Less invested in banks and lenders

1.1% less invested

Less invested in major consumer brands

5.95% less invested

Current fund

RFITX

American Funds 2050 Target Date Retirement Fund®

Family

American Funds

Category

Target-Date 2050

Find another fund

vs.

Benchmark

IVV

iShares Core S&P 500 ETF

Family

iShares from BlackRock

Category

Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 7/31/23

1 year

3 years

5 years

10 years

Benchmark

Suggested: Not available

Fund comparison results

Compared to the benchmark, this fund has:

Lower 10-yr returns

-3.22% less in annualized returns

More invested in commodity producers

0.14% more invested

Less invested in banks and lenders

1.1% less invested

Less invested in major consumer brands

5.95% less invested

Current fund

RFITX

American Funds 2050 Target Date Retirement Fund®

Family

American Funds

Category

Target-Date 2050

Find another fund

vs.

Benchmark

IVV

iShares Core S&P 500 ETF

Family

iShares from BlackRock

Category

Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 7/31/23

1 year

3 years

5 years

10 years

Benchmark

Suggested: Not available

Fund comparison results

Compared to the benchmark, this fund has:

Lower 10-yr returns

-3.22% less in annualized returns

More invested in commodity producers

0.14% more invested

Less invested in banks and lenders

1.1% less invested

Less invested in major consumer brands

5.95% less invested

Month-end trailing returns

Performance as of date: 7/31/23

Morningstar suggested benchmark: Morningstar Mod Tgt Risk TR USD

Annualized returns

Deforestation analysis

1-yr

3-yr

5-yr

10-yr

This fund
RFITX - American Funds 2050 Target Date Retirement Fund®

12%

8.5%

8.13%

9.39%

0.43%

Benchmark

13%

14%

12%

13%

0.29%

Fund compared to benchmark

-1.23%

-5.18%

-4.03%

-3.22%

0.14% higher

Find more financial data on RFITX at Morningstar.com

Take Action

Call on U.S. investment firms to implement Deforestation and Land Grab-Free investment policies.

SUPPORT THE PETITION

Find top-graded funds that avoid deforestation-risk investments.

FIND TOP-SCORING FUNDS

Use Fossil Free Funds to check this fund's fossil fuel investments and carbon footprint.

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