# EDGAR Filing Document

**Accession Number:** 0001380175
**File Stem:** 0001193125-26-131224
**Filing Date:** 2026-3
**Character Count:** 137308
**Document Hash:** b475ad76dc91077c165c4aa3cfe60413
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-131224.hdr.sgml**: 20260330

**ACCESSION NUMBER**: 0001193125-26-131224

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260330

**DATE AS OF CHANGE**: 20260330

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** American Funds Target Date Retirement Series
- **CENTRAL INDEX KEY:** 0001380175

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21981
- **FILM NUMBER:** 26812090

**BUSINESS ADDRESS:**
- **STREET 1:** 333 S HOPE ST - 55TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 213-486-9200

**MAIL ADDRESS:**
- **STREET 1:** 333 S HOPE ST - 55TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** American Funds Target Retirement Series
- **DATE OF NAME CHANGE:** 20061103

## Series and Classes Contracts Data

### American Funds 2035 Target Date Retirement Fund (Series ID: S000015560)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000042405 | Class A      | AAFTX           |
| C000042406 | Class R-1    | RAFTX           |
| C000042407 | Class R-2    | RBFTX           |
| C000042408 | Class R-3    | RCFTX           |
| C000042409 | Class R-4    | RDFTX           |
| C000042410 | Class R-5    | REFTX           |
| C000078490 | Class R-6    | RFFTX           |
| C000135754 | Class C      | CCFTX           |
| C000135755 | Class F-1    | FAQTX           |
| C000135756 | Class F-2    | FBFTX           |
| C000148408 | Class R-2E   | RBEFX           |
| C000164844 | Class R-5E   | RHFTX           |
| C000179961 | Class F-3    | FDFTX           |
| C000189464 | Class T      | TDFHX           |

## Nport-Ex

![](imga56926711.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**American Funds Target Date Retirement Series**<sup>®</sup>

**American Funds 2070**

**Target Date Retirement Fund**

Investment portfolio

January 31, 2026

**unaudited**

---

| | | |
|:---|:---|:---|
| Fund investments<br> **Growth funds 50%**<br>| Shares | Value<br> (000)<br>|
| SMALLCAP World Fund, Inc., Class R-6  | 623112 | $49239 |
| New Perspective Fund, Class R-6  | 679336 | 49238 |
| New World Fund, Inc., Class R-6  | 407358 | 40227 |
| The Growth Fund of America, Class R-6  | 435399 | 35302 |
| AMCAP Fund, Class R-6 <sup>(a)</sup> <br>| 723629 | 34416 |
| The New Economy Fund, Class R-6 <sup>(a)</sup> <br>| 333289 | 25454 |
| EUPAC Fund, Class R-6  | 153988 | 9843 |
| American Funds U.S. Small and Mid Cap Equity Fund, Class R-6  | 71103 | 831 |
|  |  | 244550 |
| **Growth-and-income funds 37%** |  |  |
| Fundamental Investors, Class R-6  | 463860 | 44289 |
| Capital World Growth and Income Fund, Class R-6  | 535172 | 40202 |
| Washington Mutual Investors Fund, Class R-6  | 592756 | 39365 |
| The Investment Company of America, Class R-6  | 540667 | 34441 |
| American Mutual Fund, Class R-6  | 433061 | 26321 |
|  |  | 184618 |
| **Balanced funds 7%** |  |  |
| American Balanced Fund, Class R-6  | 660661 | 25435 |
| American Funds Global Balanced Fund, Class R-6  | 217519 | 8988 |
|  |  | 34423 |
| **Fixed income funds 6%** |  |  |
| U.S. Government Securities Fund, Class R-6  | 1974871 | 23916 |
| American Funds Emerging Markets Bond Fund, Class R-6  | 598379 | 4936 |
|  |  | 28852 |
| **Total investment securities 100%** (cost: $467,448,000) |  | 492443 |
| **Other assets less liabilities 0%** |  | (62)<br>|
| **Net assets 100%** |  | $492381 |

---

American Funds Target Date Retirement Series — Page 1 of 27

------

**unaudited**

Investments in affiliates <sup>(b)</sup>

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>11/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>1/31/2026 <br>(000)<br>| Dividend <br>income <br>(000)<br>| Capital gain <br>distributions <br>received <br>(000)<br>|
| **Growth funds 50%** | **Growth funds 50%** | **Growth funds 50%** | **Growth funds 50%** | **Growth funds 50%** | **Growth funds 50%** | **Growth funds 50%** | **Growth funds 50%** | **Growth funds 50%** |
| &nbsp;&nbsp;&nbsp; SMALLCAP World Fund, Inc., Class R-6  | $33372 | &nbsp;&nbsp; $15625 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $242 | &nbsp;&nbsp; $49239 | &nbsp;&nbsp; $390 | &nbsp;&nbsp; $1492 |
| &nbsp;&nbsp;&nbsp; New Perspective Fund, Class R-6  | 33372 | &nbsp;&nbsp; 17054 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (1188)<br>| &nbsp;&nbsp; 49238 | &nbsp;&nbsp; 512 | &nbsp;&nbsp; 2026 |
| &nbsp;&nbsp;&nbsp; New World Fund, Inc., Class R-6  | 26697 | &nbsp;&nbsp; 12832 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 698 | &nbsp;&nbsp; 40227 | &nbsp;&nbsp; 452 | &nbsp;&nbsp; 1379 |
| &nbsp;&nbsp;&nbsp; The Growth Fund of America, Class R-6  | 23360 | &nbsp;&nbsp; 14657 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (2715)<br>| &nbsp;&nbsp; 35302 | &nbsp;&nbsp; 151 | &nbsp;&nbsp; 2570 |
| &nbsp;&nbsp;&nbsp; AMCAP Fund, Class R-6 <sup>(a)</sup> <br>| 23360 | &nbsp;&nbsp; 12117 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (1061)<br>| &nbsp;&nbsp; 34416 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1165 |
| &nbsp;&nbsp;&nbsp; The New Economy Fund, Class R-6 <sup>(a)</sup> <br>| 16685 | &nbsp;&nbsp; 9309 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (540)<br>| &nbsp;&nbsp; 25454 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1782 |
| &nbsp;&nbsp;&nbsp; EUPAC Fund, Class R-6  | 6674 | &nbsp;&nbsp; 3348 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (179)<br>| &nbsp;&nbsp; 9843 | &nbsp;&nbsp; 235 | &nbsp;&nbsp; 565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds U.S. Small and Mid Cap Equity Fund, <br> Class R-6 <br>|  | &nbsp;&nbsp; 851 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (20)<br>| &nbsp;&nbsp; 831 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 244550 |  |  |
| **Growth-and-income funds 37%** | **Growth-and-income funds 37%** | **Growth-and-income funds 37%** | **Growth-and-income funds 37%** | **Growth-and-income funds 37%** | **Growth-and-income funds 37%** | **Growth-and-income funds 37%** | **Growth-and-income funds 37%** | **Growth-and-income funds 37%** |
| &nbsp;&nbsp;&nbsp; Fundamental Investors, Class R-6  | 30034 | &nbsp;&nbsp; 14111 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 144 | &nbsp;&nbsp; 44289 | &nbsp;&nbsp; 88 | &nbsp;&nbsp; 1931 |
| &nbsp;&nbsp;&nbsp; Capital World Growth and Income Fund, Class R-6  | 26697 | &nbsp;&nbsp; 13846 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (341)<br>| &nbsp;&nbsp; 40202 | &nbsp;&nbsp; 204 | &nbsp;&nbsp; 2551 |
| &nbsp;&nbsp;&nbsp; Washington Mutual Investors Fund, Class R-6  | 26697 | &nbsp;&nbsp; 12975 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (307)<br>| &nbsp;&nbsp; 39365 | &nbsp;&nbsp; 146 | &nbsp;&nbsp; 1357 |
| &nbsp;&nbsp;&nbsp; The Investment Company of America, Class R-6  | 23360 | &nbsp;&nbsp; 12683 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (1602)<br>| &nbsp;&nbsp; 34441 | &nbsp;&nbsp; 82 | &nbsp;&nbsp; 2190 |
| &nbsp;&nbsp;&nbsp; American Mutual Fund, Class R-6  | 16685 | &nbsp;&nbsp; 10003 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (367)<br>| &nbsp;&nbsp; 26321 | &nbsp;&nbsp; 115 | &nbsp;&nbsp; 1075 |
|  |  |  |  |  |  | &nbsp;&nbsp; 184618 |  |  |
| **Balanced funds 7%** | **Balanced funds 7%** | **Balanced funds 7%** | **Balanced funds 7%** | **Balanced funds 7%** | **Balanced funds 7%** | **Balanced funds 7%** | **Balanced funds 7%** | **Balanced funds 7%** |
| &nbsp;&nbsp;&nbsp; American Balanced Fund, Class R-6  | 20021 | &nbsp;&nbsp; 9181 | &nbsp;&nbsp; 3392 | &nbsp;&nbsp; (70)<br>| &nbsp;&nbsp; (305)<br>| &nbsp;&nbsp; 25435 | &nbsp;&nbsp; 279 | &nbsp;&nbsp; 1237 |
| &nbsp;&nbsp;&nbsp; American Funds Global Balanced Fund, Class R-6  | 6672 | &nbsp;&nbsp; 3040 | &nbsp;&nbsp; 677 | &nbsp;&nbsp; (12)<br>| &nbsp;&nbsp; (35)<br>| &nbsp;&nbsp; 8988 | &nbsp;&nbsp; 61 | &nbsp;&nbsp; 300 |
|  |  |  |  |  |  | &nbsp;&nbsp; 34423 |  |  |
| **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** |
| &nbsp;&nbsp;&nbsp; U.S. Government Securities Fund, Class R-6  | 16699 | &nbsp;&nbsp; 7775 | &nbsp;&nbsp; 487 | &nbsp;&nbsp; (3)<br>| &nbsp;&nbsp; (68)<br>| &nbsp;&nbsp; 23916 | &nbsp;&nbsp; 209 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds Emerging Markets Bond Fund, <br> Class R-6 <br>| 3338 | &nbsp;&nbsp; 1535 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 63 | &nbsp;&nbsp; 4936 | &nbsp;&nbsp; 64 | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 28852 |  |  |
| **Total 100%** |  |  |  | &nbsp;&nbsp; $(85)<br>| &nbsp;&nbsp; $(7581)<br>| &nbsp;&nbsp; $492443 | &nbsp;&nbsp; $2988 | &nbsp;&nbsp; $21620 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Non-income producing. <br> <sup>(b)</sup> Part of the same "group of investment companies" as the fund as defined under the Investment Company Act of 1940, as amended.

American Funds Target Date Retirement Series — Page 2 of 27

------

**American Funds 2065**

**Target Date Retirement Fund**<sup>®</sup>

Investment portfolio

January 31, 2026

**unaudited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Fund investments<br> **Growth funds 50%**<br>| Shares | Value<br> (000)<br>|
| New Perspective Fund, Class R-6  | 8872722 | $643095 |
| SMALLCAP World Fund, Inc., Class R-6  | 8138381 | 643095 |
| New World Fund, Inc., Class R-6  | 5396890 | 532943 |
| The Growth Fund of America, Class R-6  | 5678015 | 460374 |
| AMCAP Fund, Class R-6 <sup>(a)</sup> <br>| 9435484 | 448752 |
| The New Economy Fund, Class R-6 <sup>(a)</sup> <br>| 4344015 | 331752 |
| EUPAC Fund, Class R-6  | 2021265 | 129199 |
| American Funds U.S. Small and Mid Cap Equity Fund, Class R-6  | 965861 | 11291 |
|  |  | 3200501 |
| **Growth-and-income funds 37%** |  |  |
| Fundamental Investors, Class R-6  | 6082064 | 580715 |
| Capital World Growth and Income Fund, Class R-6  | 7039361 | 528797 |
| Washington Mutual Investors Fund, Class R-6  | 7782706 | 516849 |
| The Investment Company of America, Class R-6  | 7098362 | 452166 |
| American Mutual Fund, Class R-6  | 5668354 | 344523 |
|  |  | 2423050 |
| **Balanced funds 7%** |  |  |
| American Balanced Fund, Class R-6  | 8675323 | 334000 |
| American Funds Global Balanced Fund, Class R-6  | 2865015 | 118382 |
|  |  | 452382 |
| **Fixed income funds 6%** |  |  |
| U.S. Government Securities Fund, Class R-6  | 26054420 | 315519 |
| American Funds Emerging Markets Bond Fund, Class R-6  | 7895148 | 65135 |
|  |  | 380654 |
| **Total investment securities 100%** (cost: $5,528,956,000) |  | 6456587 |
| **Other assets less liabilities 0%** |  | (860)<br>|
| **Net assets 100%** |  | $6455727 |

---

American Funds Target Date Retirement Series — Page 3 of 27

------

**unaudited**

Investments in affiliates <sup>(b)</sup>

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>11/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>1/31/2026 <br>(000)<br>| Dividend <br>income <br>(000)<br>| Capital gain <br>distributions <br>received <br>(000)<br>|
| **Growth funds 50%** | **Growth funds 50%** | **Growth funds 50%** | **Growth funds 50%** | **Growth funds 50%** | **Growth funds 50%** | **Growth funds 50%** | **Growth funds 50%** | **Growth funds 50%** |
| &nbsp;&nbsp;&nbsp; New Perspective Fund, Class R-6  | $585146 | &nbsp;&nbsp; $77867 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(19918)<br>| &nbsp;&nbsp; $643095 | &nbsp;&nbsp; $7873 | &nbsp;&nbsp; $31125 |
| &nbsp;&nbsp;&nbsp; SMALLCAP World Fund, Inc., Class R-6  | 583610 | &nbsp;&nbsp; 65101 | &nbsp;&nbsp; 9679 | &nbsp;&nbsp; (297)<br>| &nbsp;&nbsp; 4360 | &nbsp;&nbsp; 643095 | &nbsp;&nbsp; 5919 | &nbsp;&nbsp; 22658 |
| &nbsp;&nbsp;&nbsp; New World Fund, Inc., Class R-6  | 471010 | &nbsp;&nbsp; 54087 | &nbsp;&nbsp; 197 | &nbsp;&nbsp; (6)<br>| &nbsp;&nbsp; 8049 | &nbsp;&nbsp; 532943 | &nbsp;&nbsp; 6943 | &nbsp;&nbsp; 21165 |
| &nbsp;&nbsp;&nbsp; The Growth Fund of America, Class R-6  | 413475 | &nbsp;&nbsp; 90013 | &nbsp;&nbsp; 926 | &nbsp;&nbsp; 114 | &nbsp;&nbsp; (42302)<br>| &nbsp;&nbsp; 460374 | &nbsp;&nbsp; 2323 | &nbsp;&nbsp; 39554 |
| &nbsp;&nbsp;&nbsp; AMCAP Fund, Class R-6 <sup>(a)</sup> <br>| 415143 | &nbsp;&nbsp; 50208 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (16599)<br>| &nbsp;&nbsp; 448752 | &nbsp;&nbsp; — | &nbsp;&nbsp; 18213 |
| &nbsp;&nbsp;&nbsp; The New Economy Fund, Class R-6 <sup>(a)</sup> <br>| 299332 | &nbsp;&nbsp; 43799 | &nbsp;&nbsp; 2067 | &nbsp;&nbsp; (67)<br>| &nbsp;&nbsp; (9245)<br>| &nbsp;&nbsp; 331752 | &nbsp;&nbsp; — | &nbsp;&nbsp; 27407 |
| &nbsp;&nbsp;&nbsp; EUPAC Fund, Class R-6  | 117417 | &nbsp;&nbsp; 15717 | &nbsp;&nbsp; 515 | &nbsp;&nbsp; (49)<br>| &nbsp;&nbsp; (3371)<br>| &nbsp;&nbsp; 129199 | &nbsp;&nbsp; 3596 | &nbsp;&nbsp; 8651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds U.S. Small and Mid Cap Equity Fund, <br> Class R-6 <br>|  | &nbsp;&nbsp; 11570 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (279)<br>| &nbsp;&nbsp; 11291 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 3200501 |  |  |
| **Growth-and-income funds 37%** | **Growth-and-income funds 37%** | **Growth-and-income funds 37%** | **Growth-and-income funds 37%** | **Growth-and-income funds 37%** | **Growth-and-income funds 37%** | **Growth-and-income funds 37%** | **Growth-and-income funds 37%** | **Growth-and-income funds 37%** |
| &nbsp;&nbsp;&nbsp; Fundamental Investors, Class R-6  | 529412 | &nbsp;&nbsp; 52269 | &nbsp;&nbsp; 1489 | &nbsp;&nbsp; 111 | &nbsp;&nbsp; 412 | &nbsp;&nbsp; 580715 | &nbsp;&nbsp; 1360 | &nbsp;&nbsp; 29674 |
| &nbsp;&nbsp;&nbsp; Capital World Growth and Income Fund, Class R-6  | 470795 | &nbsp;&nbsp; 66118 | &nbsp;&nbsp; 515 | &nbsp;&nbsp; 90 | &nbsp;&nbsp; (7691)<br>| &nbsp;&nbsp; 528797 | &nbsp;&nbsp; 3150 | &nbsp;&nbsp; 39385 |
| &nbsp;&nbsp;&nbsp; Washington Mutual Investors Fund, Class R-6  | 470016 | &nbsp;&nbsp; 53088 | &nbsp;&nbsp; 1691 | &nbsp;&nbsp; (31)<br>| &nbsp;&nbsp; (4533)<br>| &nbsp;&nbsp; 516849 | &nbsp;&nbsp; 2250 | &nbsp;&nbsp; 20900 |
| &nbsp;&nbsp;&nbsp; The Investment Company of America, Class R-6  | 412342 | &nbsp;&nbsp; 65541 | &nbsp;&nbsp; 307 | &nbsp;&nbsp; (3)<br>| &nbsp;&nbsp; (25407)<br>| &nbsp;&nbsp; 452166 | &nbsp;&nbsp; 1267 | &nbsp;&nbsp; 33717 |
| &nbsp;&nbsp;&nbsp; American Mutual Fund, Class R-6  | 293486 | &nbsp;&nbsp; 57908 | &nbsp;&nbsp; 1056 | &nbsp;&nbsp; (34)<br>| &nbsp;&nbsp; (5781)<br>| &nbsp;&nbsp; 344523 | &nbsp;&nbsp; 1773 | &nbsp;&nbsp; 16650 |
|  |  |  |  |  |  | &nbsp;&nbsp; 2423050 |  |  |
| **Balanced funds 7%** | **Balanced funds 7%** | **Balanced funds 7%** | **Balanced funds 7%** | **Balanced funds 7%** | **Balanced funds 7%** | **Balanced funds 7%** | **Balanced funds 7%** | **Balanced funds 7%** |
| &nbsp;&nbsp;&nbsp; American Balanced Fund, Class R-6  | 352101 | &nbsp;&nbsp; 42335 | &nbsp;&nbsp; 54098 | &nbsp;&nbsp; 2434 | &nbsp;&nbsp; (8772)<br>| &nbsp;&nbsp; 334000 | &nbsp;&nbsp; 4343 | &nbsp;&nbsp; 19234 |
| &nbsp;&nbsp;&nbsp; American Funds Global Balanced Fund, Class R-6  | 117487 | &nbsp;&nbsp; 13124 | &nbsp;&nbsp; 11325 | &nbsp;&nbsp; 361 | &nbsp;&nbsp; (1265)<br>| &nbsp;&nbsp; 118382 | &nbsp;&nbsp; 924 | &nbsp;&nbsp; 4573 |
|  |  |  |  |  |  | &nbsp;&nbsp; 452382 |  |  |
| **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** |
| &nbsp;&nbsp;&nbsp; U.S. Government Securities Fund, Class R-6  | 294596 | &nbsp;&nbsp; 35235 | &nbsp;&nbsp; 13308 | &nbsp;&nbsp; (538)<br>| &nbsp;&nbsp; (466)<br>| &nbsp;&nbsp; 315519 | &nbsp;&nbsp; 3215 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds Emerging Markets Bond Fund, <br> Class R-6 <br>| 58985 | &nbsp;&nbsp; 5993 | &nbsp;&nbsp; 764 | &nbsp;&nbsp; 5 | &nbsp;&nbsp; 916 | &nbsp;&nbsp; 65135 | &nbsp;&nbsp; 974 | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 380654 |  |  |
| **Total 100%** |  |  |  | &nbsp;&nbsp; $2090 | &nbsp;&nbsp; $(131892)<br>| &nbsp;&nbsp; $6456587 | &nbsp;&nbsp; $45910 | &nbsp;&nbsp; $332906 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Non-income producing. <br> <sup>(b)</sup> Part of the same "group of investment companies" as the fund as defined under the Investment Company Act of 1940, as amended.

American Funds Target Date Retirement Series — Page 4 of 27

------

**American Funds 2060**

**Target Date Retirement Fund**<sup>®</sup>

Investment portfolio

January 31, 2026

**unaudited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Fund investments<br> **Growth funds 50%**<br>| Shares | Value<br> (000)<br>|
| New Perspective Fund, Class R-6  | 26136967 | $1894407 |
| SMALLCAP World Fund, Inc., Class R-6  | 23767085 | 1878075 |
| New World Fund, Inc., Class R-6  | 16354205 | 1614978 |
| The Growth Fund of America, Class R-6  | 17009890 | 1379162 |
| AMCAP Fund, Class R-6 <sup>(a)</sup> <br>| 28302108 | 1346048 |
| The New Economy Fund, Class R-6 <sup>(a)</sup> <br>| 13171842 | 1005934 |
| EUPAC Fund, Class R-6  | 6145307 | 392808 |
| American Funds Global Insight Fund, Class R-6  | 3325127 | 96894 |
| American Funds U.S. Small and Mid Cap Equity Fund, Class R-6  | 2860461 | 33439 |
|  |  | 9641745 |
| **Growth-and-income funds 37%** |  |  |
| Fundamental Investors, Class R-6  | 18363042 | 1753303 |
| Capital World Growth and Income Fund, Class R-6  | 21332890 | 1602527 |
| Washington Mutual Investors Fund, Class R-6  | 23446529 | 1557084 |
| The Investment Company of America, Class R-6  | 20672183 | 1316818 |
| American Mutual Fund, Class R-6  | 17658484 | 1073282 |
|  |  | 7303014 |
| **Balanced funds 7%** |  |  |
| American Balanced Fund, Class R-6  | 26132030 | 1006083 |
| American Funds Global Balanced Fund, Class R-6  | 9082930 | 375307 |
|  |  | 1381390 |
| **Fixed income funds 6%** |  |  |
| U.S. Government Securities Fund, Class R-6  | 78666515 | 952652 |
| American Funds Emerging Markets Bond Fund, Class R-6  | 23810350 | 196435 |
|  |  | 1149087 |
| **Total investment securities 100%** (cost: $15,773,825,000) |  | 19475236 |
| **Other assets less liabilities 0%** |  | (2366)<br>|
| **Net assets 100%** |  | $19472870 |

---

American Funds Target Date Retirement Series — Page 5 of 27

------

**unaudited**

Investments in affiliates <sup>(b)</sup>

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>11/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>1/31/2026 <br>(000)<br>| Dividend <br>income <br>(000)<br>| Capital gain <br>distributions <br>received <br>(000)<br>|
| **Growth funds 50%** | **Growth funds 50%** | **Growth funds 50%** | **Growth funds 50%** | **Growth funds 50%** | **Growth funds 50%** | **Growth funds 50%** | **Growth funds 50%** | **Growth funds 50%** |
| &nbsp;&nbsp;&nbsp; New Perspective Fund, Class R-6  | $1805875 | &nbsp;&nbsp; $151845 | &nbsp;&nbsp; $2118 | &nbsp;&nbsp; $(53)<br>| &nbsp;&nbsp; $(61142)<br>| &nbsp;&nbsp; $1894407 | &nbsp;&nbsp; $23777 | &nbsp;&nbsp; $93999 |
| &nbsp;&nbsp;&nbsp; SMALLCAP World Fund, Inc., Class R-6  | 1793281 | &nbsp;&nbsp; 118830 | &nbsp;&nbsp; 45351 | &nbsp;&nbsp; (3640)<br>| &nbsp;&nbsp; 14955 | &nbsp;&nbsp; 1878075 | &nbsp;&nbsp; 18017 | &nbsp;&nbsp; 68964 |
| &nbsp;&nbsp;&nbsp; New World Fund, Inc., Class R-6  | 1472536 | &nbsp;&nbsp; 129940 | &nbsp;&nbsp; 10923 | &nbsp;&nbsp; 48 | &nbsp;&nbsp; 23377 | &nbsp;&nbsp; 1614978 | &nbsp;&nbsp; 21343 | &nbsp;&nbsp; 65066 |
| &nbsp;&nbsp;&nbsp; The Growth Fund of America, Class R-6  | 1290936 | &nbsp;&nbsp; 218567 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (130341)<br>| &nbsp;&nbsp; 1379162 | &nbsp;&nbsp; 7151 | &nbsp;&nbsp; 121747 |
| &nbsp;&nbsp;&nbsp; AMCAP Fund, Class R-6 <sup>(a)</sup> <br>| 1290936 | &nbsp;&nbsp; 106604 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (51492)<br>| &nbsp;&nbsp; 1346048 | &nbsp;&nbsp; — | &nbsp;&nbsp; 56333 |
| &nbsp;&nbsp;&nbsp; The New Economy Fund, Class R-6 <sup>(a)</sup> <br>| 923122 | &nbsp;&nbsp; 124068 | &nbsp;&nbsp; 12058 | &nbsp;&nbsp; 447 | &nbsp;&nbsp; (29645)<br>| &nbsp;&nbsp; 1005934 | &nbsp;&nbsp; — | &nbsp;&nbsp; 84271 |
| &nbsp;&nbsp;&nbsp; EUPAC Fund, Class R-6  | 371402 | &nbsp;&nbsp; 37974 | &nbsp;&nbsp; 5582 | &nbsp;&nbsp; (596)<br>| &nbsp;&nbsp; (10390)<br>| &nbsp;&nbsp; 392808 | &nbsp;&nbsp; 11151 | &nbsp;&nbsp; 26823 |
| &nbsp;&nbsp;&nbsp; American Funds Global Insight Fund, Class R-6  | 70005 | &nbsp;&nbsp; 24701 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 2188 | &nbsp;&nbsp; 96894 | &nbsp;&nbsp; 836 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds U.S. Small and Mid Cap Equity <br> Fund, Class R-6 <br>|  | &nbsp;&nbsp; 34269 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (830)<br>| &nbsp;&nbsp; 33439 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 9641745 |  |  |
| **Growth-and-income funds 37%** | **Growth-and-income funds 37%** | **Growth-and-income funds 37%** | **Growth-and-income funds 37%** | **Growth-and-income funds 37%** | **Growth-and-income funds 37%** | **Growth-and-income funds 37%** | **Growth-and-income funds 37%** | **Growth-and-income funds 37%** |
| &nbsp;&nbsp;&nbsp; Fundamental Investors, Class R-6  | 1661230 | &nbsp;&nbsp; 114675 | &nbsp;&nbsp; 23948 | &nbsp;&nbsp; 2320 | &nbsp;&nbsp; (974)<br>| &nbsp;&nbsp; 1753303 | &nbsp;&nbsp; 4169 | &nbsp;&nbsp; 90991 |
| &nbsp;&nbsp;&nbsp; Capital World Growth and Income Fund, Class R-6  | 1477377 | &nbsp;&nbsp; 163171 | &nbsp;&nbsp; 13294 | &nbsp;&nbsp; 512 | &nbsp;&nbsp; (25239)<br>| &nbsp;&nbsp; 1602527 | &nbsp;&nbsp; 9733 | &nbsp;&nbsp; 121693 |
| &nbsp;&nbsp;&nbsp; Washington Mutual Investors Fund, Class R-6  | 1460564 | &nbsp;&nbsp; 119060 | &nbsp;&nbsp; 8001 | &nbsp;&nbsp; 169 | &nbsp;&nbsp; (14708)<br>| &nbsp;&nbsp; 1557084 | &nbsp;&nbsp; 6972 | &nbsp;&nbsp; 64767 |
| &nbsp;&nbsp;&nbsp; The Investment Company of America, Class R-6  | 1257626 | &nbsp;&nbsp; 146883 | &nbsp;&nbsp; 11431 | &nbsp;&nbsp; 256 | &nbsp;&nbsp; (76516)<br>| &nbsp;&nbsp; 1316818 | &nbsp;&nbsp; 3789 | &nbsp;&nbsp; 100805 |
| &nbsp;&nbsp;&nbsp; American Mutual Fund, Class R-6  | 941671 | &nbsp;&nbsp; 156781 | &nbsp;&nbsp; 6170 | &nbsp;&nbsp; (156)<br>| &nbsp;&nbsp; (18844)<br>| &nbsp;&nbsp; 1073282 | &nbsp;&nbsp; 5697 | &nbsp;&nbsp; 53500 |
|  |  |  |  |  |  | &nbsp;&nbsp; 7303014 |  |  |
| **Balanced funds 7%** | **Balanced funds 7%** | **Balanced funds 7%** | **Balanced funds 7%** | **Balanced funds 7%** | **Balanced funds 7%** | **Balanced funds 7%** | **Balanced funds 7%** | **Balanced funds 7%** |
| &nbsp;&nbsp;&nbsp; American Balanced Fund, Class R-6  | 1098402 | &nbsp;&nbsp; 95924 | &nbsp;&nbsp; 168358 | &nbsp;&nbsp; 12903 | &nbsp;&nbsp; (32788)<br>| &nbsp;&nbsp; 1006083 | &nbsp;&nbsp; 13414 | &nbsp;&nbsp; 59411 |
| &nbsp;&nbsp;&nbsp; American Funds Global Balanced Fund, Class R-6  | 367991 | &nbsp;&nbsp; 24327 | &nbsp;&nbsp; 14237 | &nbsp;&nbsp; 390 | &nbsp;&nbsp; (3164)<br>| &nbsp;&nbsp; 375307 | &nbsp;&nbsp; 2852 | &nbsp;&nbsp; 14117 |
|  |  |  |  |  |  | &nbsp;&nbsp; 1381390 |  |  |
| **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** |
| &nbsp;&nbsp;&nbsp; U.S. Government Securities Fund, Class R-6  | 925110 | &nbsp;&nbsp; 80487 | &nbsp;&nbsp; 49884 | &nbsp;&nbsp; (171)<br>| &nbsp;&nbsp; (2890)<br>| &nbsp;&nbsp; 952652 | &nbsp;&nbsp; 9897 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds Emerging Markets Bond Fund, <br> Class R-6 <br>| 182608 | &nbsp;&nbsp; 14805 | &nbsp;&nbsp; 3775 | &nbsp;&nbsp; 25 | &nbsp;&nbsp; 2772 | &nbsp;&nbsp; 196435 | &nbsp;&nbsp; 2981 | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 1149087 |  |  |
| **Total 100%** |  |  |  | &nbsp;&nbsp; $12454 | &nbsp;&nbsp; $(415671)<br>| &nbsp;&nbsp; $19475236 | &nbsp;&nbsp; $141779 | &nbsp;&nbsp; $1022487 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Non-income producing. <br> <sup>(b)</sup> Part of the same "group of investment companies" as the fund as defined under the Investment Company Act of 1940, as amended.

American Funds Target Date Retirement Series — Page 6 of 27

------

**American Funds 2055**

**Target Date Retirement Fund**<sup>®</sup>

Investment portfolio

January 31, 2026

**unaudited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Fund investments<br> **Growth funds 49%**<br>| Shares | Value<br> (000)<br>|
| New Perspective Fund, Class R-6  | 37451244 | $2714466 |
| SMALLCAP World Fund, Inc., Class R-6  | 33054147 | 2611939 |
| New World Fund, Inc., Class R-6  | 23833537 | 2353562 |
| The Growth Fund of America, Class R-6  | 26408741 | 2141221 |
| AMCAP Fund, Class R-6 <sup>(a)</sup> <br>| 43675738 | 2077218 |
| The New Economy Fund, Class R-6 <sup>(a)</sup> <br>| 19470574 | 1486968 |
| American Funds Global Insight Fund, Class R-6  | 23234977 | 677067 |
| EUPAC Fund, Class R-6  | 9557544 | 610918 |
| American Funds U.S. Small and Mid Cap Equity Fund, Class R-6  | 4304382 | 50318 |
|  |  | 14723677 |
| **Growth-and-income funds 37%** |  |  |
| Fundamental Investors, Class R-6  | 27680243 | 2642910 |
| Washington Mutual Investors Fund, Class R-6  | 36312563 | 2411517 |
| Capital World Growth and Income Fund, Class R-6  | 32006398 | 2404321 |
| American Mutual Fund, Class R-6  | 31474388 | 1913013 |
| The Investment Company of America, Class R-6  | 27254038 | 1736082 |
|  |  | 11107843 |
| **Equity-income funds 1%** |  |  |
| Capital Income Builder, Class R-6  | 1919533 | 152334 |
| The Income Fund of America, Class R-6  | 5612813 | 151995 |
|  |  | 304329 |
| **Balanced funds 7%** |  |  |
| American Balanced Fund, Class R-6  | 43098165 | 1659279 |
| American Funds Global Balanced Fund, Class R-6  | 14693973 | 607155 |
|  |  | 2266434 |
| **Fixed income funds 6%** |  |  |
| U.S. Government Securities Fund, Class R-6  | 121518512 | 1471590 |
| American Funds Emerging Markets Bond Fund, Class R-6  | 36964743 | 304959 |
|  |  | 1776549 |
| **Total investment securities 100%** (cost: $23,645,691,000) |  | 30178832 |
| **Other assets less liabilities 0%** |  | (3683)<br>|
| **Net assets 100%** |  | $30175149 |

---

American Funds Target Date Retirement Series — Page 7 of 27

------

**unaudited**

Investments in affiliates <sup>(b)</sup>

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>11/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>1/31/2026 <br>(000)<br>| Dividend <br>income <br>(000)<br>| Capital gain <br>distributions <br>received <br>(000)<br>|
| **Growth funds 49%** | **Growth funds 49%** | **Growth funds 49%** | **Growth funds 49%** | **Growth funds 49%** | **Growth funds 49%** | **Growth funds 49%** | **Growth funds 49%** | **Growth funds 49%** |
| &nbsp;&nbsp;&nbsp; New Perspective Fund, Class R-6  | $2602968 | &nbsp;&nbsp; $199565 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(88067)<br>| &nbsp;&nbsp; $2714466 | &nbsp;&nbsp; $34040 | &nbsp;&nbsp; $134571 |
| &nbsp;&nbsp;&nbsp; SMALLCAP World Fund, Inc., Class R-6  | 2530630 | &nbsp;&nbsp; 142181 | &nbsp;&nbsp; 76654 | &nbsp;&nbsp; (8454)<br>| &nbsp;&nbsp; 24236 | &nbsp;&nbsp; 2611939 | &nbsp;&nbsp; 25167 | &nbsp;&nbsp; 96334 |
| &nbsp;&nbsp;&nbsp; New World Fund, Inc., Class R-6  | 2195771 | &nbsp;&nbsp; 138803 | &nbsp;&nbsp; 14765 | &nbsp;&nbsp; 809 | &nbsp;&nbsp; 32944 | &nbsp;&nbsp; 2353562 | &nbsp;&nbsp; 31626 | &nbsp;&nbsp; 96416 |
| &nbsp;&nbsp;&nbsp; The Growth Fund of America, Class R-6  | 2026344 | &nbsp;&nbsp; 318436 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (203559)<br>| &nbsp;&nbsp; 2141221 | &nbsp;&nbsp; 11149 | &nbsp;&nbsp; 189798 |
| &nbsp;&nbsp;&nbsp; AMCAP Fund, Class R-6 <sup>(a)</sup> <br>| 2026344 | &nbsp;&nbsp; 131290 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (80416)<br>| &nbsp;&nbsp; 2077218 | &nbsp;&nbsp; — | &nbsp;&nbsp; 87961 |
| &nbsp;&nbsp;&nbsp; The New Economy Fund, Class R-6 <sup>(a)</sup> <br>| 1392058 | &nbsp;&nbsp; 159341 | &nbsp;&nbsp; 20610 | &nbsp;&nbsp; 3071 | &nbsp;&nbsp; (46892)<br>| &nbsp;&nbsp; 1486968 | &nbsp;&nbsp; — | &nbsp;&nbsp; 125994 |
| &nbsp;&nbsp;&nbsp; American Funds Global Insight Fund, Class R-6  | 610532 | &nbsp;&nbsp; 47293 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 19242 | &nbsp;&nbsp; 677067 | &nbsp;&nbsp; 7436 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; EUPAC Fund, Class R-6  | 584264 | &nbsp;&nbsp; 59740 | &nbsp;&nbsp; 15567 | &nbsp;&nbsp; (1256)<br>| &nbsp;&nbsp; (16263)<br>| &nbsp;&nbsp; 610918 | &nbsp;&nbsp; 17543 | &nbsp;&nbsp; 42197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds U.S. Small and Mid Cap Equity <br> Fund, Class R-6 <br>|  | &nbsp;&nbsp; 51565 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (1247)<br>| &nbsp;&nbsp; 50318 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 14723677 |  |  |
| **Growth-and-income funds 37%** | **Growth-and-income funds 37%** | **Growth-and-income funds 37%** | **Growth-and-income funds 37%** | **Growth-and-income funds 37%** | **Growth-and-income funds 37%** | **Growth-and-income funds 37%** | **Growth-and-income funds 37%** | **Growth-and-income funds 37%** |
| &nbsp;&nbsp;&nbsp; Fundamental Investors, Class R-6  | 2560480 | &nbsp;&nbsp; 151195 | &nbsp;&nbsp; 70408 | &nbsp;&nbsp; 11309 | &nbsp;&nbsp; (9666)<br>| &nbsp;&nbsp; 2642910 | &nbsp;&nbsp; 6371 | &nbsp;&nbsp; 139050 |
| &nbsp;&nbsp;&nbsp; Washington Mutual Investors Fund, Class R-6  | 2273423 | &nbsp;&nbsp; 173857 | &nbsp;&nbsp; 13132 | &nbsp;&nbsp; 122 | &nbsp;&nbsp; (22753)<br>| &nbsp;&nbsp; 2411517 | &nbsp;&nbsp; 10832 | &nbsp;&nbsp; 100626 |
| &nbsp;&nbsp;&nbsp; Capital World Growth and Income Fund, Class R-6  | 2272180 | &nbsp;&nbsp; 216499 | &nbsp;&nbsp; 46005 | &nbsp;&nbsp; 5502 | &nbsp;&nbsp; (43855)<br>| &nbsp;&nbsp; 2404321 | &nbsp;&nbsp; 14860 | &nbsp;&nbsp; 185799 |
| &nbsp;&nbsp;&nbsp; American Mutual Fund, Class R-6  | 1747003 | &nbsp;&nbsp; 215801 | &nbsp;&nbsp; 14925 | &nbsp;&nbsp; (255)<br>| &nbsp;&nbsp; (34611)<br>| &nbsp;&nbsp; 1913013 | &nbsp;&nbsp; 10499 | &nbsp;&nbsp; 98588 |
| &nbsp;&nbsp;&nbsp; The Investment Company of America, Class R-6  | 1697451 | &nbsp;&nbsp; 161024 | &nbsp;&nbsp; 20047 | &nbsp;&nbsp; 3637 | &nbsp;&nbsp; (105983)<br>| &nbsp;&nbsp; 1736082 | &nbsp;&nbsp; 5062 | &nbsp;&nbsp; 134650 |
|  |  |  |  |  |  | &nbsp;&nbsp; 11107843 |  |  |
| **Equity-income funds 1%** | **Equity-income funds 1%** | **Equity-income funds 1%** | **Equity-income funds 1%** | **Equity-income funds 1%** | **Equity-income funds 1%** | **Equity-income funds 1%** | **Equity-income funds 1%** | **Equity-income funds 1%** |
| &nbsp;&nbsp;&nbsp; Capital Income Builder, Class R-6  | 108512 | &nbsp;&nbsp; 44794 | &nbsp;&nbsp; 2116 | &nbsp;&nbsp; (23)<br>| &nbsp;&nbsp; 1167 | &nbsp;&nbsp; 152334 | &nbsp;&nbsp; 1401 | &nbsp;&nbsp; 5080 |
| &nbsp;&nbsp;&nbsp; The Income Fund of America, Class R-6  | 108009 | &nbsp;&nbsp; 46472 | &nbsp;&nbsp; 2172 | &nbsp;&nbsp; (52)<br>| &nbsp;&nbsp; (262)<br>| &nbsp;&nbsp; 151995 | &nbsp;&nbsp; 2122 | &nbsp;&nbsp; 6462 |
|  |  |  |  |  |  | &nbsp;&nbsp; 304329 |  |  |
| **Balanced funds 7%** | **Balanced funds 7%** | **Balanced funds 7%** | **Balanced funds 7%** | **Balanced funds 7%** | **Balanced funds 7%** | **Balanced funds 7%** | **Balanced funds 7%** | **Balanced funds 7%** |
| &nbsp;&nbsp;&nbsp; American Balanced Fund, Class R-6  | 1787858 | &nbsp;&nbsp; 140553 | &nbsp;&nbsp; 236992 | &nbsp;&nbsp; 20131 | &nbsp;&nbsp; (52271)<br>| &nbsp;&nbsp; 1659279 | &nbsp;&nbsp; 21647 | &nbsp;&nbsp; 95871 |
| &nbsp;&nbsp;&nbsp; American Funds Global Balanced Fund, Class R-6  | 580381 | &nbsp;&nbsp; 42298 | &nbsp;&nbsp; 11428 | &nbsp;&nbsp; 444 | &nbsp;&nbsp; (4540)<br>| &nbsp;&nbsp; 607155 | &nbsp;&nbsp; 4439 | &nbsp;&nbsp; 21976 |
|  |  |  |  |  |  | &nbsp;&nbsp; 2266434 |  |  |
| **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** |
| &nbsp;&nbsp;&nbsp; U.S. Government Securities Fund, Class R-6  | 1438959 | &nbsp;&nbsp; 127251 | &nbsp;&nbsp; 89853 | &nbsp;&nbsp; (2519)<br>| &nbsp;&nbsp; (2248)<br>| &nbsp;&nbsp; 1471590 | &nbsp;&nbsp; 15366 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds Emerging Markets Bond Fund, <br> Class R-6 <br>| 288000 | &nbsp;&nbsp; 19057 | &nbsp;&nbsp; 6443 | &nbsp;&nbsp; 111 | &nbsp;&nbsp; 4234 | &nbsp;&nbsp; 304959 | &nbsp;&nbsp; 4658 | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 1776549 |  |  |
| **Total 100%** |  |  |  | &nbsp;&nbsp; $32577 | &nbsp;&nbsp; $(630810)<br>| &nbsp;&nbsp; $30178832 | &nbsp;&nbsp; $224218 | &nbsp;&nbsp; $1561373 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Non-income producing. <br> <sup>(b)</sup> Part of the same "group of investment companies" as the fund as defined under the Investment Company Act of 1940, as amended.

American Funds Target Date Retirement Series — Page 8 of 27

------

**American Funds 2050**

**Target Date Retirement Fund**<sup>®</sup>

Investment portfolio

January 31, 2026

**unaudited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Fund investments<br> **Growth funds 46%**<br>| Shares | Value<br> (000)<br>|
| New Perspective Fund, Class R-6  | 48551940 | $3519044 |
| SMALLCAP World Fund, Inc., Class R-6  | 40453681 | 3196650 |
| The Growth Fund of America, Class R-6  | 36203587 | 2935387 |
| AMCAP Fund, Class R-6 <sup>(a)</sup> <br>| 60011359 | 2854140 |
| New World Fund, Inc., Class R-6  | 26344446 | 2601514 |
| The New Economy Fund, Class R-6 <sup>(a)</sup> <br>| 22619989 | 1727489 |
| American Funds Global Insight Fund, Class R-6  | 46110032 | 1343646 |
| EUPAC Fund, Class R-6  | 13132149 | 839407 |
| American Funds U.S. Small and Mid Cap Equity Fund, Class R-6  | 5914189 | 69137 |
|  |  | 19086414 |
| **Growth-and-income funds 35%** |  |  |
| Fundamental Investors, Class R-6  | 34803100 | 3323000 |
| Washington Mutual Investors Fund, Class R-6  | 48252666 | 3204459 |
| Capital World Growth and Income Fund, Class R-6  | 39933154 | 2999779 |
| American Mutual Fund, Class R-6  | 47721234 | 2900497 |
| The Investment Company of America, Class R-6  | 30804120 | 1962222 |
|  |  | 14389957 |
| **Equity-income funds 5%** |  |  |
| The Income Fund of America, Class R-6  | 38578860 | 1044716 |
| Capital Income Builder, Class R-6  | 11858254 | 941071 |
|  |  | 1985787 |
| **Balanced funds 8%** |  |  |
| American Balanced Fund, Class R-6  | 70819108 | 2726535 |
| American Funds Global Balanced Fund, Class R-6  | 20221799 | 835565 |
|  |  | 3562100 |
| **Fixed income funds 6%** |  |  |
| U.S. Government Securities Fund, Class R-6  | 166264860 | 2013468 |
| American Funds Emerging Markets Bond Fund, Class R-6  | 50916756 | 420063 |
|  |  | 2433531 |
| **Total investment securities 100%** (cost: $31,831,199,000) |  | 41457789 |
| **Other assets less liabilities 0%** |  | (5242)<br>|
| **Net assets 100%** |  | $41452547 |

---

American Funds Target Date Retirement Series — Page 9 of 27

------

**unaudited**

Investments in affiliates <sup>(b)</sup>

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>11/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>1/31/2026 <br>(000)<br>| Dividend <br>income <br>(000)<br>| Capital gain <br>distributions <br>received <br>(000)<br>|
| **Growth funds 46%** | **Growth funds 46%** | **Growth funds 46%** | **Growth funds 46%** | **Growth funds 46%** | **Growth funds 46%** | **Growth funds 46%** | **Growth funds 46%** | **Growth funds 46%** |
| &nbsp;&nbsp;&nbsp; New Perspective Fund, Class R-6  | $3438566 | &nbsp;&nbsp; $236329 | &nbsp;&nbsp; $39222 | &nbsp;&nbsp; $2799 | &nbsp;&nbsp; $(119428)<br>| &nbsp;&nbsp; $3519044 | &nbsp;&nbsp; $44936 | &nbsp;&nbsp; $177646 |
| &nbsp;&nbsp;&nbsp; SMALLCAP World Fund, Inc., Class R-6  | 3091876 | &nbsp;&nbsp; 163557 | &nbsp;&nbsp; 77539 | &nbsp;&nbsp; (4728)<br>| &nbsp;&nbsp; 23484 | &nbsp;&nbsp; 3196650 | &nbsp;&nbsp; 30711 | &nbsp;&nbsp; 117556 |
| &nbsp;&nbsp;&nbsp; The Growth Fund of America, Class R-6  | 2801254 | &nbsp;&nbsp; 416101 | &nbsp;&nbsp; 1540 | &nbsp;&nbsp; 377 | &nbsp;&nbsp; (280805)<br>| &nbsp;&nbsp; 2935387 | &nbsp;&nbsp; 15366 | &nbsp;&nbsp; 261587 |
| &nbsp;&nbsp;&nbsp; AMCAP Fund, Class R-6 <sup>(a)</sup> <br>| 2801254 | &nbsp;&nbsp; 169292 | &nbsp;&nbsp; 5571 | &nbsp;&nbsp; 704 | &nbsp;&nbsp; (111539)<br>| &nbsp;&nbsp; 2854140 | &nbsp;&nbsp; — | &nbsp;&nbsp; 121358 |
| &nbsp;&nbsp;&nbsp; New World Fund, Inc., Class R-6  | 2401539 | &nbsp;&nbsp; 175545 | &nbsp;&nbsp; 12741 | &nbsp;&nbsp; 1320 | &nbsp;&nbsp; 35851 | &nbsp;&nbsp; 2601514 | &nbsp;&nbsp; 34460 | &nbsp;&nbsp; 105056 |
| &nbsp;&nbsp;&nbsp; The New Economy Fund, Class R-6 <sup>(a)</sup> <br>| 1606295 | &nbsp;&nbsp; 204787 | &nbsp;&nbsp; 33439 | &nbsp;&nbsp; 5575 | &nbsp;&nbsp; (55729)<br>| &nbsp;&nbsp; 1727489 | &nbsp;&nbsp; — | &nbsp;&nbsp; 144780 |
| &nbsp;&nbsp;&nbsp; American Funds Global Insight Fund, Class R-6  | 1242687 | &nbsp;&nbsp; 62410 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 38549 | &nbsp;&nbsp; 1343646 | &nbsp;&nbsp; 14930 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; EUPAC Fund, Class R-6  | 809655 | &nbsp;&nbsp; 82522 | &nbsp;&nbsp; 28373 | &nbsp;&nbsp; (1056)<br>| &nbsp;&nbsp; (23341)<br>| &nbsp;&nbsp; 839407 | &nbsp;&nbsp; 24233 | &nbsp;&nbsp; 58289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds U.S. Small and Mid Cap Equity <br> Fund, Class R-6 <br>|  | &nbsp;&nbsp; 70852 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (1715)<br>| &nbsp;&nbsp; 69137 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 19086414 |  |  |
| **Growth-and-income funds 35%** | **Growth-and-income funds 35%** | **Growth-and-income funds 35%** | **Growth-and-income funds 35%** | **Growth-and-income funds 35%** | **Growth-and-income funds 35%** | **Growth-and-income funds 35%** | **Growth-and-income funds 35%** | **Growth-and-income funds 35%** |
| &nbsp;&nbsp;&nbsp; Fundamental Investors, Class R-6  | 3212142 | &nbsp;&nbsp; 201099 | &nbsp;&nbsp; 92744 | &nbsp;&nbsp; 16028 | &nbsp;&nbsp; (13525)<br>| &nbsp;&nbsp; 3323000 | &nbsp;&nbsp; 7965 | &nbsp;&nbsp; 173829 |
| &nbsp;&nbsp;&nbsp; Washington Mutual Investors Fund, Class R-6  | 3088170 | &nbsp;&nbsp; 198768 | &nbsp;&nbsp; 51971 | &nbsp;&nbsp; 1872 | &nbsp;&nbsp; (32380)<br>| &nbsp;&nbsp; 3204459 | &nbsp;&nbsp; 14586 | &nbsp;&nbsp; 135498 |
| &nbsp;&nbsp;&nbsp; Capital World Growth and Income Fund, Class R-6  | 2813674 | &nbsp;&nbsp; 288511 | &nbsp;&nbsp; 55359 | &nbsp;&nbsp; 7268 | &nbsp;&nbsp; (54315)<br>| &nbsp;&nbsp; 2999779 | &nbsp;&nbsp; 18348 | &nbsp;&nbsp; 229409 |
| &nbsp;&nbsp;&nbsp; American Mutual Fund, Class R-6  | 2755460 | &nbsp;&nbsp; 225179 | &nbsp;&nbsp; 24502 | &nbsp;&nbsp; (351)<br>| &nbsp;&nbsp; (55289)<br>| &nbsp;&nbsp; 2900497 | &nbsp;&nbsp; 16518 | &nbsp;&nbsp; 155105 |
| &nbsp;&nbsp;&nbsp; The Investment Company of America, Class R-6  | 1928035 | &nbsp;&nbsp; 177176 | &nbsp;&nbsp; 26850 | &nbsp;&nbsp; 5074 | &nbsp;&nbsp; (121213)<br>| &nbsp;&nbsp; 1962222 | &nbsp;&nbsp; 5753 | &nbsp;&nbsp; 153026 |
|  |  |  |  |  |  | &nbsp;&nbsp; 14389957 |  |  |
| **Equity-income funds 5%** | **Equity-income funds 5%** | **Equity-income funds 5%** | **Equity-income funds 5%** | **Equity-income funds 5%** | **Equity-income funds 5%** | **Equity-income funds 5%** | **Equity-income funds 5%** | **Equity-income funds 5%** |
| &nbsp;&nbsp;&nbsp; The Income Fund of America, Class R-6  | 936207 | &nbsp;&nbsp; 143924 | &nbsp;&nbsp; 29883 | &nbsp;&nbsp; (305)<br>| &nbsp;&nbsp; (5227)<br>| &nbsp;&nbsp; 1044716 | &nbsp;&nbsp; 17927 | &nbsp;&nbsp; 54601 |
| &nbsp;&nbsp;&nbsp; Capital Income Builder, Class R-6  | 860376 | &nbsp;&nbsp; 100694 | &nbsp;&nbsp; 25945 | &nbsp;&nbsp; 825 | &nbsp;&nbsp; 5121 | &nbsp;&nbsp; 941071 | &nbsp;&nbsp; 10797 | &nbsp;&nbsp; 39145 |
|  |  |  |  |  |  | &nbsp;&nbsp; 1985787 |  |  |
| **Balanced funds 8%** | **Balanced funds 8%** | **Balanced funds 8%** | **Balanced funds 8%** | **Balanced funds 8%** | **Balanced funds 8%** | **Balanced funds 8%** | **Balanced funds 8%** | **Balanced funds 8%** |
| &nbsp;&nbsp;&nbsp; American Balanced Fund, Class R-6  | 2871867 | &nbsp;&nbsp; 219138 | &nbsp;&nbsp; 313176 | &nbsp;&nbsp; 23594 | &nbsp;&nbsp; (74888)<br>| &nbsp;&nbsp; 2726535 | &nbsp;&nbsp; 34658 | &nbsp;&nbsp; 153496 |
| &nbsp;&nbsp;&nbsp; American Funds Global Balanced Fund, Class R-6  | 797939 | &nbsp;&nbsp; 53446 | &nbsp;&nbsp; 10059 | &nbsp;&nbsp; 175 | &nbsp;&nbsp; (5936)<br>| &nbsp;&nbsp; 835565 | &nbsp;&nbsp; 6133 | &nbsp;&nbsp; 30357 |
|  |  |  |  |  |  | &nbsp;&nbsp; 3562100 |  |  |
| **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** | **Fixed income funds 6%** |
| &nbsp;&nbsp;&nbsp; U.S. Government Securities Fund, Class R-6  | 1980758 | &nbsp;&nbsp; 154574 | &nbsp;&nbsp; 115305 | &nbsp;&nbsp; (1805)<br>| &nbsp;&nbsp; (4754)<br>| &nbsp;&nbsp; 2013468 | &nbsp;&nbsp; 21141 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds Emerging Markets Bond Fund, <br> Class R-6 <br>| 394230 | &nbsp;&nbsp; 26993 | &nbsp;&nbsp; 7135 | &nbsp;&nbsp; 83 | &nbsp;&nbsp; 5892 | &nbsp;&nbsp; 420063 | &nbsp;&nbsp; 6393 | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 2433531 |  |  |
| **Total 100%** |  |  |  | &nbsp;&nbsp; $57449 | &nbsp;&nbsp; $(851187)<br>| &nbsp;&nbsp; $41457789 | &nbsp;&nbsp; $324855 | &nbsp;&nbsp; $2110738 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Non-income producing. <br> <sup>(b)</sup> Part of the same "group of investment companies" as the fund as defined under the Investment Company Act of 1940, as amended.

American Funds Target Date Retirement Series — Page 10 of 27

------

**American Funds 2045**

**Target Date Retirement Fund**<sup>®</sup>

Investment portfolio

January 31, 2026

**unaudited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Fund investments<br> **Growth funds 43%**<br>| Shares | Value<br> (000)<br>|
| The Growth Fund of America, Class R-6  | 39450664 | $3198660 |
| New Perspective Fund, Class R-6  | 44067028 | 3193978 |
| AMCAP Fund, Class R-6 <sup>(a)</sup> <br>| 66478976 | 3161740 |
| SMALLCAP World Fund, Inc., Class R-6  | 38855251 | 3070342 |
| New World Fund, Inc., Class R-6  | 26268553 | 2594020 |
| The New Economy Fund, Class R-6 <sup>(a)</sup> <br>| 24369438 | 1861094 |
| American Funds Global Insight Fund, Class R-6  | 62573584 | 1823394 |
| EUPAC Fund, Class R-6  | 10858764 | 694092 |
| American Funds U.S. Small and Mid Cap Equity Fund, Class R-6  | 3069201 | 35879 |
|  |  | 19633199 |
| **Growth-and-income funds 33%** |  |  |
| Fundamental Investors, Class R-6  | 37191417 | 3551036 |
| Capital World Growth and Income Fund, Class R-6  | 43509309 | 3268419 |
| American Mutual Fund, Class R-6  | 52694690 | 3202783 |
| Washington Mutual Investors Fund, Class R-6  | 46350064 | 3078108 |
| The Investment Company of America, Class R-6  | 28625932 | 1823472 |
| International Growth and Income Fund, Class R-6  | 4949188 | 235532 |
|  |  | 15159350 |
| **Equity-income funds 7%** |  |  |
| The Income Fund of America, Class R-6  | 67910481 | 1839016 |
| Capital Income Builder, Class R-6  | 17454653 | 1385201 |
|  |  | 3224217 |
| **Balanced funds 10%** |  |  |
| American Balanced Fund, Class R-6  | 91107726 | 3507648 |
| American Funds Global Balanced Fund, Class R-6  | 22366485 | 924183 |
|  |  | 4431831 |
| **Fixed income funds 7%** |  |  |
| U.S. Government Securities Fund, Class R-6  | 186641129 | 2260224 |
| American Funds Emerging Markets Bond Fund, Class R-6  | 46701623 | 385288 |
| Capital World Bond Fund, Class R-6  | 14062256 | 232449 |
| American Funds Multi-Sector Income Fund, Class R-6  | 24331276 | 230661 |
| American Funds Inflation Linked Bond Fund, Class R-6  | 16021510 | 152044 |
| The Bond Fund of America, Class R-6  | 3211933 | 36745 |
|  |  | 3297411 |
| **Total investment securities 100%** (cost: $35,065,434,000) |  | 45746008 |
| **Other assets less liabilities 0%** |  | (6020)<br>|
| **Net assets 100%** |  | $45739988 |

---

American Funds Target Date Retirement Series — Page 11 of 27

------

**unaudited**

Investments in affiliates <sup>(b)</sup>

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>11/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>1/31/2026 <br>(000)<br>| Dividend <br>income <br>(000)<br>| Capital gain <br>distributions <br>received <br>(000)<br>|
| **Growth funds 43%** | **Growth funds 43%** | **Growth funds 43%** | **Growth funds 43%** | **Growth funds 43%** | **Growth funds 43%** | **Growth funds 43%** | **Growth funds 43%** | **Growth funds 43%** |
| &nbsp;&nbsp;&nbsp; The Growth Fund of America, Class R-6  | $3093623 | &nbsp;&nbsp; $414583 | &nbsp;&nbsp; $439 | &nbsp;&nbsp; $113 | &nbsp;&nbsp; $(309220)<br>| &nbsp;&nbsp; $3198660 | &nbsp;&nbsp; $16942 | &nbsp;&nbsp; $288430 |
| &nbsp;&nbsp;&nbsp; New Perspective Fund, Class R-6  | 3093623 | &nbsp;&nbsp; 205061 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (104706)<br>| &nbsp;&nbsp; 3193978 | &nbsp;&nbsp; 40335 | &nbsp;&nbsp; 159457 |
| &nbsp;&nbsp;&nbsp; AMCAP Fund, Class R-6 <sup>(a)</sup> <br>| 3093623 | &nbsp;&nbsp; 200771 | &nbsp;&nbsp; 10228 | &nbsp;&nbsp; 1347 | &nbsp;&nbsp; (123773)<br>| &nbsp;&nbsp; 3161740 | &nbsp;&nbsp; — | &nbsp;&nbsp; 133847 |
| &nbsp;&nbsp;&nbsp; SMALLCAP World Fund, Inc., Class R-6  | 2962793 | &nbsp;&nbsp; 154236 | &nbsp;&nbsp; 64468 | &nbsp;&nbsp; (1583)<br>| &nbsp;&nbsp; 19364 | &nbsp;&nbsp; 3070342 | &nbsp;&nbsp; 29535 | &nbsp;&nbsp; 113053 |
| &nbsp;&nbsp;&nbsp; New World Fund, Inc., Class R-6  | 2472565 | &nbsp;&nbsp; 153363 | &nbsp;&nbsp; 68803 | &nbsp;&nbsp; 9391 | &nbsp;&nbsp; 27504 | &nbsp;&nbsp; 2594020 | &nbsp;&nbsp; 35449 | &nbsp;&nbsp; 108070 |
| &nbsp;&nbsp;&nbsp; The New Economy Fund, Class R-6 <sup>(a)</sup> <br>| 1775648 | &nbsp;&nbsp; 177836 | &nbsp;&nbsp; 36111 | &nbsp;&nbsp; 5980 | &nbsp;&nbsp; (62259)<br>| &nbsp;&nbsp; 1861094 | &nbsp;&nbsp; — | &nbsp;&nbsp; 160164 |
| &nbsp;&nbsp;&nbsp; American Funds Global Insight Fund, Class R-6  | 1769982 | &nbsp;&nbsp; 20789 | &nbsp;&nbsp; 20930 | &nbsp;&nbsp; 3371 | &nbsp;&nbsp; 50182 | &nbsp;&nbsp; 1823394 | &nbsp;&nbsp; 20788 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; EUPAC Fund, Class R-6  | 718789 | &nbsp;&nbsp; 72831 | &nbsp;&nbsp; 75547 | &nbsp;&nbsp; 7443 | &nbsp;&nbsp; (29424)<br>| &nbsp;&nbsp; 694092 | &nbsp;&nbsp; 21387 | &nbsp;&nbsp; 51444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds U.S. Small and Mid Cap Equity <br> Fund, Class R-6 <br>|  | &nbsp;&nbsp; 36769 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (890)<br>| &nbsp;&nbsp; 35879 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 19633199 |  |  |
| **Growth-and-income funds 33%** | **Growth-and-income funds 33%** | **Growth-and-income funds 33%** | **Growth-and-income funds 33%** | **Growth-and-income funds 33%** | **Growth-and-income funds 33%** | **Growth-and-income funds 33%** | **Growth-and-income funds 33%** | **Growth-and-income funds 33%** |
| &nbsp;&nbsp;&nbsp; Fundamental Investors, Class R-6  | 3498029 | &nbsp;&nbsp; 197606 | &nbsp;&nbsp; 145977 | &nbsp;&nbsp; 24239 | &nbsp;&nbsp; (22861)<br>| &nbsp;&nbsp; 3551036 | &nbsp;&nbsp; 8658 | &nbsp;&nbsp; 188949 |
| &nbsp;&nbsp;&nbsp; Capital World Growth and Income Fund, Class R-6  | 3136997 | &nbsp;&nbsp; 276507 | &nbsp;&nbsp; 91389 | &nbsp;&nbsp; 10580 | &nbsp;&nbsp; (64276)<br>| &nbsp;&nbsp; 3268419 | &nbsp;&nbsp; 20477 | &nbsp;&nbsp; 256030 |
| &nbsp;&nbsp;&nbsp; American Mutual Fund, Class R-6  | 3007469 | &nbsp;&nbsp; 277825 | &nbsp;&nbsp; 21489 | &nbsp;&nbsp; (106)<br>| &nbsp;&nbsp; (60916)<br>| &nbsp;&nbsp; 3202783 | &nbsp;&nbsp; 18056 | &nbsp;&nbsp; 169552 |
| &nbsp;&nbsp;&nbsp; Washington Mutual Investors Fund, Class R-6  | 2999657 | &nbsp;&nbsp; 159494 | &nbsp;&nbsp; 51222 | &nbsp;&nbsp; 2305 | &nbsp;&nbsp; (32126)<br>| &nbsp;&nbsp; 3078108 | &nbsp;&nbsp; 14181 | &nbsp;&nbsp; 131732 |
| &nbsp;&nbsp;&nbsp; The Investment Company of America, Class R-6  | 1793197 | &nbsp;&nbsp; 150985 | &nbsp;&nbsp; 11616 | &nbsp;&nbsp; 755 | &nbsp;&nbsp; (109849)<br>| &nbsp;&nbsp; 1823472 | &nbsp;&nbsp; 5388 | &nbsp;&nbsp; 143337 |
| &nbsp;&nbsp;&nbsp; International Growth and Income Fund, Class R-6  | 71894 | &nbsp;&nbsp; 154466 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 9172 | &nbsp;&nbsp; 235532 | &nbsp;&nbsp; 574 | &nbsp;&nbsp; 3936 |
|  |  |  |  |  |  | &nbsp;&nbsp; 15159350 |  |  |
| **Equity-income funds 7%** | **Equity-income funds 7%** | **Equity-income funds 7%** | **Equity-income funds 7%** | **Equity-income funds 7%** | **Equity-income funds 7%** | **Equity-income funds 7%** | **Equity-income funds 7%** | **Equity-income funds 7%** |
| &nbsp;&nbsp;&nbsp; The Income Fund of America, Class R-6  | 1731948 | &nbsp;&nbsp; 174763 | &nbsp;&nbsp; 57094 | &nbsp;&nbsp; (339)<br>| &nbsp;&nbsp; (10262)<br>| &nbsp;&nbsp; 1839016 | &nbsp;&nbsp; 32798 | &nbsp;&nbsp; 99893 |
| &nbsp;&nbsp;&nbsp; Capital Income Builder, Class R-6  | 1302890 | &nbsp;&nbsp; 105610 | &nbsp;&nbsp; 31638 | &nbsp;&nbsp; 1020 | &nbsp;&nbsp; 7319 | &nbsp;&nbsp; 1385201 | &nbsp;&nbsp; 16252 | &nbsp;&nbsp; 58922 |
|  |  |  |  |  |  | &nbsp;&nbsp; 3224217 |  |  |
| **Balanced funds 10%** | **Balanced funds 10%** | **Balanced funds 10%** | **Balanced funds 10%** | **Balanced funds 10%** | **Balanced funds 10%** | **Balanced funds 10%** | **Balanced funds 10%** | **Balanced funds 10%** |
| &nbsp;&nbsp;&nbsp; American Balanced Fund, Class R-6  | 3522486 | &nbsp;&nbsp; 259514 | &nbsp;&nbsp; 211509 | &nbsp;&nbsp; 15100 | &nbsp;&nbsp; (77943)<br>| &nbsp;&nbsp; 3507648 | &nbsp;&nbsp; 42512 | &nbsp;&nbsp; 188282 |
| &nbsp;&nbsp;&nbsp; American Funds Global Balanced Fund, Class R-6  | 879280 | &nbsp;&nbsp; 57977 | &nbsp;&nbsp; 6696 | &nbsp;&nbsp; 172 | &nbsp;&nbsp; (6550)<br>| &nbsp;&nbsp; 924183 | &nbsp;&nbsp; 6774 | &nbsp;&nbsp; 33535 |
|  |  |  |  |  |  | &nbsp;&nbsp; 4431831 |  |  |
| **Fixed income funds 7%** | **Fixed income funds 7%** | **Fixed income funds 7%** | **Fixed income funds 7%** | **Fixed income funds 7%** | **Fixed income funds 7%** | **Fixed income funds 7%** | **Fixed income funds 7%** | **Fixed income funds 7%** |
| &nbsp;&nbsp;&nbsp; U.S. Government Securities Fund, Class R-6  | 2184138 | &nbsp;&nbsp; 116889 | &nbsp;&nbsp; 33413 | &nbsp;&nbsp; (1429)<br>| &nbsp;&nbsp; (5961)<br>| &nbsp;&nbsp; 2260224 | &nbsp;&nbsp; 23420 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds Emerging Markets Bond Fund, <br> Class R-6 <br>| 430524 | &nbsp;&nbsp; 14208 | &nbsp;&nbsp; 65119 | &nbsp;&nbsp; 1970 | &nbsp;&nbsp; 3705 | &nbsp;&nbsp; 385288 | &nbsp;&nbsp; 6398 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Capital World Bond Fund, Class R-6  | 130607 | &nbsp;&nbsp; 100906 | &nbsp;&nbsp; 459 | &nbsp;&nbsp; (2)<br>| &nbsp;&nbsp; 1397 | &nbsp;&nbsp; 232449 | &nbsp;&nbsp; 1604 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds Multi-Sector Income Fund, <br> Class R-6 <br>| 131499 | &nbsp;&nbsp; 100088 | &nbsp;&nbsp; 514 | &nbsp;&nbsp; (5)<br>| &nbsp;&nbsp; (407)<br>| &nbsp;&nbsp; 230661 | &nbsp;&nbsp; 2665 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds Inflation Linked Bond Fund, <br> Class R-6 <br>| 131241 | &nbsp;&nbsp; 50459 | &nbsp;&nbsp; 24418 | &nbsp;&nbsp; (890)<br>| &nbsp;&nbsp; (4348)<br>| &nbsp;&nbsp; 152044 | &nbsp;&nbsp; 5522 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; The Bond Fund of America, Class R-6  |  | &nbsp;&nbsp; 36841 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (96)<br>| &nbsp;&nbsp; 36745 | &nbsp;&nbsp; 72 | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 3297411 |  |  |
| **Total 100%** |  |  |  | &nbsp;&nbsp; $79432 | &nbsp;&nbsp; $(907224)<br>| &nbsp;&nbsp; $45746008 | &nbsp;&nbsp; $369787 | &nbsp;&nbsp; $2288633 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Non-income producing. <br> <sup>(b)</sup> Part of the same "group of investment companies" as the fund as defined under the Investment Company Act of 1940, as amended.

American Funds Target Date Retirement Series — Page 12 of 27

------

**American Funds 2040**

**Target Date Retirement Fund**<sup>®</sup>

Investment portfolio

January 31, 2026

**unaudited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Fund investments<br> **Growth funds 35%**<br>| Shares | Value<br> (000)<br>|
| AMCAP Fund, Class R-6 <sup>(a)</sup> <br>| 73284842 | $3485427 |
| The Growth Fund of America, Class R-6  | 42914534 | 3479510 |
| New Perspective Fund, Class R-6  | 43098784 | 3123800 |
| SMALLCAP World Fund, Inc., Class R-6  | 36140625 | 2855832 |
| American Funds Global Insight Fund, Class R-6  | 71422416 | 2081249 |
| New World Fund, Inc., Class R-6  | 16106366 | 1590504 |
| The New Economy Fund, Class R-6 <sup>(a)</sup> <br>| 20416873 | 1559237 |
|  |  | 18175559 |
| **Growth-and-income funds 33%** |  |  |
| Capital World Growth and Income Fund, Class R-6  | 49055625 | 3685059 |
| American Mutual Fund, Class R-6  | 60144980 | 3655612 |
| Fundamental Investors, Class R-6  | 36885678 | 3521844 |
| Washington Mutual Investors Fund, Class R-6  | 44886466 | 2980910 |
| The Investment Company of America, Class R-6  | 32677402 | 2081551 |
| International Growth and Income Fund, Class R-6  | 22491368 | 1070364 |
|  |  | 16995340 |
| **Equity-income funds 7%** |  |  |
| The Income Fund of America, Class R-6  | 77622742 | 2102024 |
| Capital Income Builder, Class R-6  | 21557694 | 1710819 |
|  |  | 3812843 |
| **Balanced funds 11%** |  |  |
| American Balanced Fund, Class R-6  | 108482189 | 4176564 |
| American Funds Global Balanced Fund, Class R-6  | 35084442 | 1449689 |
|  |  | 5626253 |
| **Fixed income funds 14%** |  |  |
| U.S. Government Securities Fund, Class R-6  | 216079945 | 2616728 |
| American Funds Inflation Linked Bond Fund, Class R-6  | 128391285 | 1218433 |
| American Funds Multi-Sector Income Fund, Class R-6  | 120071074 | 1138274 |
| Capital World Bond Fund, Class R-6  | 63550564 | 1050491 |
| American Funds Mortgage Fund, Class R-6  | 73329175 | 654830 |
| Intermediate Bond Fund of America, Class R-6  | 30921623 | 393632 |
| American Funds Strategic Bond Fund, Class R-6  | 27940295 | 262359 |
| The Bond Fund of America, Class R-6  | 15126614 | 173049 |
| American Funds Emerging Markets Bond Fund, Class R-6  | 10923674 | 90120 |
|  |  | 7597916 |
| **Total investment securities 100%** (cost: $40,106,804,000) |  | 52207911 |
| **Other assets less liabilities 0%** |  | (7168)<br>|
| **Net assets 100%** |  | $52200743 |

---

American Funds Target Date Retirement Series — Page 13 of 27

------

**unaudited**

Investments in affiliates <sup>(b)</sup>

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>11/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>1/31/2026 <br>(000)<br>| Dividend <br>income <br>(000)<br>| Capital gain <br>distributions <br>received <br>(000)<br>|
| **Growth funds 35%** | **Growth funds 35%** | **Growth funds 35%** | **Growth funds 35%** | **Growth funds 35%** | **Growth funds 35%** | **Growth funds 35%** | **Growth funds 35%** | **Growth funds 35%** |
| &nbsp;&nbsp;&nbsp; AMCAP Fund, Class R-6 <sup>(a)</sup> <br>| $3527016 | &nbsp;&nbsp; $178311 | &nbsp;&nbsp; $81560 | &nbsp;&nbsp; $7091 | &nbsp;&nbsp; $(145431)<br>| &nbsp;&nbsp; $3485427 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $151469 |
| &nbsp;&nbsp;&nbsp; The Growth Fund of America, Class R-6  | 3527016 | &nbsp;&nbsp; 359059 | &nbsp;&nbsp; 58041 | &nbsp;&nbsp; 6555 | &nbsp;&nbsp; (355079)<br>| &nbsp;&nbsp; 3479510 | &nbsp;&nbsp; 19143 | &nbsp;&nbsp; 325894 |
| &nbsp;&nbsp;&nbsp; New Perspective Fund, Class R-6  | 3224890 | &nbsp;&nbsp; 207267 | &nbsp;&nbsp; 198794 | &nbsp;&nbsp; 27862 | &nbsp;&nbsp; (137425)<br>| &nbsp;&nbsp; 3123800 | &nbsp;&nbsp; 41844 | &nbsp;&nbsp; 165423 |
| &nbsp;&nbsp;&nbsp; SMALLCAP World Fund, Inc., Class R-6  | 2877624 | &nbsp;&nbsp; 137465 | &nbsp;&nbsp; 176897 | &nbsp;&nbsp; 2810 | &nbsp;&nbsp; 14830 | &nbsp;&nbsp; 2855832 | &nbsp;&nbsp; 28474 | &nbsp;&nbsp; 108991 |
| &nbsp;&nbsp;&nbsp; American Funds Global Insight Fund, Class R-6  | 2068819 | &nbsp;&nbsp; 24520 | &nbsp;&nbsp; 74944 | &nbsp;&nbsp; 13087 | &nbsp;&nbsp; 49767 | &nbsp;&nbsp; 2081249 | &nbsp;&nbsp; 24520 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; New World Fund, Inc., Class R-6  | 1714261 | &nbsp;&nbsp; 97611 | &nbsp;&nbsp; 243060 | &nbsp;&nbsp; 39670 | &nbsp;&nbsp; (17978)<br>| &nbsp;&nbsp; 1590504 | &nbsp;&nbsp; 24110 | &nbsp;&nbsp; 73501 |
| &nbsp;&nbsp;&nbsp; The New Economy Fund, Class R-6 <sup>(a)</sup> <br>| 1714261 | &nbsp;&nbsp; 151438 | &nbsp;&nbsp; 251839 | &nbsp;&nbsp; 65464 | &nbsp;&nbsp; (120087)<br>| &nbsp;&nbsp; 1559237 | &nbsp;&nbsp; — | &nbsp;&nbsp; 151438 |
|  |  |  |  |  |  | &nbsp;&nbsp; 18175559 |  |  |
| **Growth-and-income funds 33%** | **Growth-and-income funds 33%** | **Growth-and-income funds 33%** | **Growth-and-income funds 33%** | **Growth-and-income funds 33%** | **Growth-and-income funds 33%** | **Growth-and-income funds 33%** | **Growth-and-income funds 33%** | **Growth-and-income funds 33%** |
| &nbsp;&nbsp;&nbsp; Capital World Growth and Income Fund, Class R-6  | 3649008 | &nbsp;&nbsp; 320464 | &nbsp;&nbsp; 219938 | &nbsp;&nbsp; 24404 | &nbsp;&nbsp; (88879)<br>| &nbsp;&nbsp; 3685059 | &nbsp;&nbsp; 23732 | &nbsp;&nbsp; 296732 |
| &nbsp;&nbsp;&nbsp; American Mutual Fund, Class R-6  | 3472592 | &nbsp;&nbsp; 282151 | &nbsp;&nbsp; 28437 | &nbsp;&nbsp; (4)<br>| &nbsp;&nbsp; (70690)<br>| &nbsp;&nbsp; 3655612 | &nbsp;&nbsp; 20849 | &nbsp;&nbsp; 195775 |
| &nbsp;&nbsp;&nbsp; Fundamental Investors, Class R-6  | 3578200 | &nbsp;&nbsp; 201040 | &nbsp;&nbsp; 256803 | &nbsp;&nbsp; 40055 | &nbsp;&nbsp; (40648)<br>| &nbsp;&nbsp; 3521844 | &nbsp;&nbsp; 8808 | &nbsp;&nbsp; 192231 |
| &nbsp;&nbsp;&nbsp; Washington Mutual Investors Fund, Class R-6  | 2995939 | &nbsp;&nbsp; 145335 | &nbsp;&nbsp; 130290 | &nbsp;&nbsp; 9606 | &nbsp;&nbsp; (39680)<br>| &nbsp;&nbsp; 2980910 | &nbsp;&nbsp; 14065 | &nbsp;&nbsp; 130656 |
| &nbsp;&nbsp;&nbsp; The Investment Company of America, Class R-6  | 2105535 | &nbsp;&nbsp; 177109 | &nbsp;&nbsp; 72984 | &nbsp;&nbsp; 4579 | &nbsp;&nbsp; (132688)<br>| &nbsp;&nbsp; 2081551 | &nbsp;&nbsp; 6314 | &nbsp;&nbsp; 167954 |
| &nbsp;&nbsp;&nbsp; International Growth and Income Fund, Class R-6  | 1081652 | &nbsp;&nbsp; 66640 | &nbsp;&nbsp; 129982 | &nbsp;&nbsp; 17907 | &nbsp;&nbsp; 34147 | &nbsp;&nbsp; 1070364 | &nbsp;&nbsp; 8478 | &nbsp;&nbsp; 58161 |
|  |  |  |  |  |  | &nbsp;&nbsp; 16995340 |  |  |
| **Equity-income funds 7%** | **Equity-income funds 7%** | **Equity-income funds 7%** | **Equity-income funds 7%** | **Equity-income funds 7%** | **Equity-income funds 7%** | **Equity-income funds 7%** | **Equity-income funds 7%** | **Equity-income funds 7%** |
| &nbsp;&nbsp;&nbsp; The Income Fund of America, Class R-6  | 1937457 | &nbsp;&nbsp; 203540 | &nbsp;&nbsp; 27208 | &nbsp;&nbsp; 144 | &nbsp;&nbsp; (11909)<br>| &nbsp;&nbsp; 2102024 | &nbsp;&nbsp; 36914 | &nbsp;&nbsp; 112428 |
| &nbsp;&nbsp;&nbsp; Capital Income Builder, Class R-6  | 1535919 | &nbsp;&nbsp; 184182 | &nbsp;&nbsp; 19732 | &nbsp;&nbsp; 665 | &nbsp;&nbsp; 9785 | &nbsp;&nbsp; 1710819 | &nbsp;&nbsp; 19326 | &nbsp;&nbsp; 70065 |
|  |  |  |  |  |  | &nbsp;&nbsp; 3812843 |  |  |
| **Balanced funds 11%** | **Balanced funds 11%** | **Balanced funds 11%** | **Balanced funds 11%** | **Balanced funds 11%** | **Balanced funds 11%** | **Balanced funds 11%** | **Balanced funds 11%** | **Balanced funds 11%** |
| &nbsp;&nbsp;&nbsp; American Balanced Fund, Class R-6  | 4104814 | &nbsp;&nbsp; 272066 | &nbsp;&nbsp; 126738 | &nbsp;&nbsp; 7881 | &nbsp;&nbsp; (81459)<br>| &nbsp;&nbsp; 4176564 | &nbsp;&nbsp; 50114 | &nbsp;&nbsp; 221952 |
| &nbsp;&nbsp;&nbsp; American Funds Global Balanced Fund, Class R-6  | 1084058 | &nbsp;&nbsp; 374584 | &nbsp;&nbsp; 3405 | &nbsp;&nbsp; — | &nbsp;&nbsp; (5548)<br>| &nbsp;&nbsp; 1449689 | &nbsp;&nbsp; 8352 | &nbsp;&nbsp; 41345 |
|  |  |  |  |  |  | &nbsp;&nbsp; 5626253 |  |  |
| **Fixed income funds 14%** | **Fixed income funds 14%** | **Fixed income funds 14%** | **Fixed income funds 14%** | **Fixed income funds 14%** | **Fixed income funds 14%** | **Fixed income funds 14%** | **Fixed income funds 14%** | **Fixed income funds 14%** |
| &nbsp;&nbsp;&nbsp; U.S. Government Securities Fund, Class R-6  | 2440425 | &nbsp;&nbsp; 213514 | &nbsp;&nbsp; 28645 | &nbsp;&nbsp; 69 | &nbsp;&nbsp; (8635)<br>| &nbsp;&nbsp; 2616728 | &nbsp;&nbsp; 26296 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds Inflation Linked Bond Fund, <br> Class R-6 <br>| 1156800 | &nbsp;&nbsp; 170962 | &nbsp;&nbsp; 67931 | &nbsp;&nbsp; (7247)<br>| &nbsp;&nbsp; (34151)<br>| &nbsp;&nbsp; 1218433 | &nbsp;&nbsp; 43005 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds Multi-Sector Income Fund, <br> Class R-6 <br>| 1004797 | &nbsp;&nbsp; 141941 | &nbsp;&nbsp; 6170 | &nbsp;&nbsp; (31)<br>| &nbsp;&nbsp; (2263)<br>| &nbsp;&nbsp; 1138274 | &nbsp;&nbsp; 16502 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Capital World Bond Fund, Class R-6  | 963579 | &nbsp;&nbsp; 90557 | &nbsp;&nbsp; 8564 | &nbsp;&nbsp; 150 | &nbsp;&nbsp; 4769 | &nbsp;&nbsp; 1050491 | &nbsp;&nbsp; 9987 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; American Funds Mortgage Fund, Class R-6  | 356187 | &nbsp;&nbsp; 301838 | &nbsp;&nbsp; 1964 | &nbsp;&nbsp; (13)<br>| &nbsp;&nbsp; (1218)<br>| &nbsp;&nbsp; 654830 | &nbsp;&nbsp; 4967 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Intermediate Bond Fund of America, Class R-6  | 156962 | &nbsp;&nbsp; 237746 | &nbsp;&nbsp; 765 | &nbsp;&nbsp; (4)<br>| &nbsp;&nbsp; (307)<br>| &nbsp;&nbsp; 393632 | &nbsp;&nbsp; 2368 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; American Funds Strategic Bond Fund, Class R-6  | 76469 | &nbsp;&nbsp; 186240 | &nbsp;&nbsp; 307 | &nbsp;&nbsp; (3)<br>| &nbsp;&nbsp; (40)<br>| &nbsp;&nbsp; 262359 | &nbsp;&nbsp; 1018 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; The Bond Fund of America, Class R-6  |  | &nbsp;&nbsp; 173502 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (453)<br>| &nbsp;&nbsp; 173049 | &nbsp;&nbsp; 337 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds Emerging Markets Bond Fund, <br> Class R-6 <br>|  | &nbsp;&nbsp; 89466 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 654 | &nbsp;&nbsp; 90120 | &nbsp;&nbsp; 261 | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 7597916 |  |  |
| **Total 100%** |  |  |  | &nbsp;&nbsp; $260697 | &nbsp;&nbsp; $(1180616)<br>| &nbsp;&nbsp; $52207911 | &nbsp;&nbsp; $439784 | &nbsp;&nbsp; $2464015 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Non-income producing. <br> <sup>(b)</sup> Part of the same "group of investment companies" as the fund as defined under the Investment Company Act of 1940, as amended.

American Funds Target Date Retirement Series — Page 14 of 27

------

**American Funds 2035**

**Target Date Retirement Fund**<sup>®</sup>

Investment portfolio

January 31, 2026

**unaudited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Fund investments<br> **Growth funds 21%**<br>| Shares | Value<br> (000)<br>|
| AMCAP Fund, Class R-6 <sup>(a)</sup> <br>| 68013774 | $3234735 |
| The Growth Fund of America, Class R-6  | 37007983 | 3000607 |
| American Funds Global Insight Fund, Class R-6  | 70889863 | 2065731 |
| SMALLCAP World Fund, Inc., Class R-6  | 24324178 | 1922096 |
| New Perspective Fund, Class R-6  | 20914060 | 1515851 |
|  |  | 11739020 |
| **Growth-and-income funds 30%** |  |  |
| Capital World Growth and Income Fund, Class R-6  | 52130583 | 3916049 |
| American Mutual Fund, Class R-6  | 63584383 | 3864659 |
| Fundamental Investors, Class R-6  | 30472387 | 2909503 |
| Washington Mutual Investors Fund, Class R-6  | 41342502 | 2745556 |
| The Investment Company of America, Class R-6  | 32389510 | 2063212 |
| International Growth and Income Fund, Class R-6  | 23823610 | 1133766 |
|  |  | 16632745 |
| **Equity-income funds 8%** |  |  |
| The Income Fund of America, Class R-6  | 83929384 | 2272808 |
| Capital Income Builder, Class R-6  | 28081507 | 2228548 |
|  |  | 4501356 |
| **Balanced funds 13%** |  |  |
| American Balanced Fund, Class R-6  | 114901152 | 4423694 |
| American Funds Global Balanced Fund, Class R-6  | 67462557 | 2787553 |
|  |  | 7211247 |
| **Fixed income funds 28%** |  |  |
| American Funds Mortgage Fund, Class R-6  | 310325012 | 2771202 |
| U.S. Government Securities Fund, Class R-6  | 228835868 | 2771202 |
| American Funds Inflation Linked Bond Fund, Class R-6  | 281773277 | 2674029 |
| Intermediate Bond Fund of America, Class R-6  | 152501198 | 1941340 |
| American Funds Multi-Sector Income Fund, Class R-6  | 165682332 | 1570669 |
| The Bond Fund of America, Class R-6  | 100723221 | 1152274 |
| American Funds Strategic Bond Fund, Class R-6  | 122701399 | 1152166 |
| Capital World Bond Fund, Class R-6  | 67240057 | 1111478 |
| American Funds Emerging Markets Bond Fund, Class R-6  | 11565082 | 95412 |
|  |  | 15239772 |
| **Total investment securities 100%** (cost: $44,628,793,000) |  | 55324140 |
| **Other assets less liabilities 0%** |  | (8022)<br>|
| **Net assets 100%** |  | $55316118 |

---

American Funds Target Date Retirement Series — Page 15 of 27

------

**unaudited**

Investments in affiliates <sup>(b)</sup>

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>11/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>1/31/2026 <br>(000)<br>| Dividend <br>income <br>(000)<br>| Capital gain <br>distributions <br>received <br>(000)<br>|
| **Growth funds 21%** | **Growth funds 21%** | **Growth funds 21%** | **Growth funds 21%** | **Growth funds 21%** | **Growth funds 21%** | **Growth funds 21%** | **Growth funds 21%** | **Growth funds 21%** |
| &nbsp;&nbsp;&nbsp; AMCAP Fund, Class R-6 <sup>(a)</sup> <br>| $3292534 | &nbsp;&nbsp; $168980 | &nbsp;&nbsp; $97445 | &nbsp;&nbsp; $7572 | &nbsp;&nbsp; $(136906)<br>| &nbsp;&nbsp; $3234735 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $142301 |
| &nbsp;&nbsp;&nbsp; The Growth Fund of America, Class R-6  | 3077663 | &nbsp;&nbsp; 316265 | &nbsp;&nbsp; 89808 | &nbsp;&nbsp; 9442 | &nbsp;&nbsp; (312955)<br>| &nbsp;&nbsp; 3000607 | &nbsp;&nbsp; 16690 | &nbsp;&nbsp; 284139 |
| &nbsp;&nbsp;&nbsp; American Funds Global Insight Fund, Class R-6  | 2110739 | &nbsp;&nbsp; 24851 | &nbsp;&nbsp; 132906 | &nbsp;&nbsp; 27644 | &nbsp;&nbsp; 35403 | &nbsp;&nbsp; 2065731 | &nbsp;&nbsp; 24705 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; SMALLCAP World Fund, Inc., Class R-6  | 1990291 | &nbsp;&nbsp; 94644 | &nbsp;&nbsp; 175120 | &nbsp;&nbsp; (195)<br>| &nbsp;&nbsp; 12476 | &nbsp;&nbsp; 1922096 | &nbsp;&nbsp; 19604 | &nbsp;&nbsp; 75040 |
| &nbsp;&nbsp;&nbsp; New Perspective Fund, Class R-6  | 1573559 | &nbsp;&nbsp; 101236 | &nbsp;&nbsp; 105091 | &nbsp;&nbsp; 31963 | &nbsp;&nbsp; (85816)<br>| &nbsp;&nbsp; 1515851 | &nbsp;&nbsp; 20438 | &nbsp;&nbsp; 80798 |
| &nbsp;&nbsp;&nbsp; New World Fund, Inc., Class R-6 <sup>(c)</sup> <br>| 18958 | &nbsp;&nbsp; 1101 | &nbsp;&nbsp; 19984 | &nbsp;&nbsp; 9976 | &nbsp;&nbsp; (10051)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 272 | &nbsp;&nbsp; 829 |
| &nbsp;&nbsp;&nbsp; The New Economy Fund, Class R-6 <sup>(a)(c)</sup> <br>| 20885 | &nbsp;&nbsp; 1897 | &nbsp;&nbsp; 21941 | &nbsp;&nbsp; 14121 | &nbsp;&nbsp; (14962)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1897 |
|  |  |  |  |  |  | &nbsp;&nbsp; 11739020 |  |  |
| **Growth-and-income funds 30%** | **Growth-and-income funds 30%** | **Growth-and-income funds 30%** | **Growth-and-income funds 30%** | **Growth-and-income funds 30%** | **Growth-and-income funds 30%** | **Growth-and-income funds 30%** | **Growth-and-income funds 30%** | **Growth-and-income funds 30%** |
| &nbsp;&nbsp;&nbsp; Capital World Growth and Income Fund, Class R-6  | 3853418 | &nbsp;&nbsp; 337977 | &nbsp;&nbsp; 207608 | &nbsp;&nbsp; 25320 | &nbsp;&nbsp; (93058)<br>| &nbsp;&nbsp; 3916049 | &nbsp;&nbsp; 25029 | &nbsp;&nbsp; 312949 |
| &nbsp;&nbsp;&nbsp; American Mutual Fund, Class R-6  | 3769650 | &nbsp;&nbsp; 233773 | &nbsp;&nbsp; 62572 | &nbsp;&nbsp; 4763 | &nbsp;&nbsp; (80955)<br>| &nbsp;&nbsp; 3864659 | &nbsp;&nbsp; 22500 | &nbsp;&nbsp; 211274 |
| &nbsp;&nbsp;&nbsp; Fundamental Investors, Class R-6  | 2993859 | &nbsp;&nbsp; 168245 | &nbsp;&nbsp; 252466 | &nbsp;&nbsp; 42900 | &nbsp;&nbsp; (43035)<br>| &nbsp;&nbsp; 2909503 | &nbsp;&nbsp; 7371 | &nbsp;&nbsp; 160874 |
| &nbsp;&nbsp;&nbsp; Washington Mutual Investors Fund, Class R-6  | 2718749 | &nbsp;&nbsp; 131710 | &nbsp;&nbsp; 78155 | &nbsp;&nbsp; 6796 | &nbsp;&nbsp; (33544)<br>| &nbsp;&nbsp; 2745556 | &nbsp;&nbsp; 12801 | &nbsp;&nbsp; 118910 |
| &nbsp;&nbsp;&nbsp; The Investment Company of America, Class R-6  | 2131505 | &nbsp;&nbsp; 173488 | &nbsp;&nbsp; 114105 | &nbsp;&nbsp; 16418 | &nbsp;&nbsp; (144094)<br>| &nbsp;&nbsp; 2063212 | &nbsp;&nbsp; 6285 | &nbsp;&nbsp; 167203 |
| &nbsp;&nbsp;&nbsp; International Growth and Income Fund, Class R-6  | 1123605 | &nbsp;&nbsp; 68246 | &nbsp;&nbsp; 112624 | &nbsp;&nbsp; 17150 | &nbsp;&nbsp; 37389 | &nbsp;&nbsp; 1133766 | &nbsp;&nbsp; 8682 | &nbsp;&nbsp; 59563 |
|  |  |  |  |  |  | &nbsp;&nbsp; 16632745 |  |  |
| **Equity-income funds 8%** | **Equity-income funds 8%** | **Equity-income funds 8%** | **Equity-income funds 8%** | **Equity-income funds 8%** | **Equity-income funds 8%** | **Equity-income funds 8%** | **Equity-income funds 8%** | **Equity-income funds 8%** |
| &nbsp;&nbsp;&nbsp; The Income Fund of America, Class R-6  | 2146751 | &nbsp;&nbsp; 166476 | &nbsp;&nbsp; 26781 | &nbsp;&nbsp; 89 | &nbsp;&nbsp; (13727)<br>| &nbsp;&nbsp; 2272808 | &nbsp;&nbsp; 40901 | &nbsp;&nbsp; 124573 |
| &nbsp;&nbsp;&nbsp; Capital Income Builder, Class R-6  | 2143172 | &nbsp;&nbsp; 124733 | &nbsp;&nbsp; 51992 | &nbsp;&nbsp; 3712 | &nbsp;&nbsp; 8923 | &nbsp;&nbsp; 2228548 | &nbsp;&nbsp; 26967 | &nbsp;&nbsp; 97767 |
|  |  |  |  |  |  | &nbsp;&nbsp; 4501356 |  |  |
| **Balanced funds 13%** | **Balanced funds 13%** | **Balanced funds 13%** | **Balanced funds 13%** | **Balanced funds 13%** | **Balanced funds 13%** | **Balanced funds 13%** | **Balanced funds 13%** | **Balanced funds 13%** |
| &nbsp;&nbsp;&nbsp; American Balanced Fund, Class R-6  | 4485295 | &nbsp;&nbsp; 291437 | &nbsp;&nbsp; 272847 | &nbsp;&nbsp; 21641 | &nbsp;&nbsp; (101832)<br>| &nbsp;&nbsp; 4423694 | &nbsp;&nbsp; 53682 | &nbsp;&nbsp; 237755 |
| &nbsp;&nbsp;&nbsp; American Funds Global Balanced Fund, Class R-6  | 2708866 | &nbsp;&nbsp; 124183 | &nbsp;&nbsp; 25368 | &nbsp;&nbsp; 181 | &nbsp;&nbsp; (20309)<br>| &nbsp;&nbsp; 2787553 | &nbsp;&nbsp; 20870 | &nbsp;&nbsp; 103312 |
|  |  |  |  |  |  | &nbsp;&nbsp; 7211247 |  |  |
| **Fixed income funds 28%** | **Fixed income funds 28%** | **Fixed income funds 28%** | **Fixed income funds 28%** | **Fixed income funds 28%** | **Fixed income funds 28%** | **Fixed income funds 28%** | **Fixed income funds 28%** | **Fixed income funds 28%** |
| &nbsp;&nbsp;&nbsp; American Funds Mortgage Fund, Class R-6  | 2579585 | &nbsp;&nbsp; 213498 | &nbsp;&nbsp; 18440 | &nbsp;&nbsp; (473)<br>| &nbsp;&nbsp; (2968)<br>| &nbsp;&nbsp; 2771202 | &nbsp;&nbsp; 29548 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; U.S. Government Securities Fund, Class R-6  | 2578031 | &nbsp;&nbsp; 221365 | &nbsp;&nbsp; 19106 | &nbsp;&nbsp; (50)<br>| &nbsp;&nbsp; (9038)<br>| &nbsp;&nbsp; 2771202 | &nbsp;&nbsp; 27760 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds Inflation Linked Bond Fund, <br> Class R-6 <br>| 2643811 | &nbsp;&nbsp; 216883 | &nbsp;&nbsp; 94655 | &nbsp;&nbsp; (14779)<br>| &nbsp;&nbsp; (77231)<br>| &nbsp;&nbsp; 2674029 | &nbsp;&nbsp; 95195 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Intermediate Bond Fund of America, Class R-6  | 1660602 | &nbsp;&nbsp; 290519 | &nbsp;&nbsp; 9398 | &nbsp;&nbsp; (88)<br>| &nbsp;&nbsp; (295)<br>| &nbsp;&nbsp; 1941340 | &nbsp;&nbsp; 18023 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds Multi-Sector Income Fund, <br> Class R-6 <br>| 1558696 | &nbsp;&nbsp; 25906 | &nbsp;&nbsp; 10637 | &nbsp;&nbsp; (87)<br>| &nbsp;&nbsp; (3209)<br>| &nbsp;&nbsp; 1570669 | &nbsp;&nbsp; 24804 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; The Bond Fund of America, Class R-6  | 499245 | &nbsp;&nbsp; 660561 | &nbsp;&nbsp; 4311 | &nbsp;&nbsp; (33)<br>| &nbsp;&nbsp; (3188)<br>| &nbsp;&nbsp; 1152274 | &nbsp;&nbsp; 7678 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; American Funds Strategic Bond Fund, Class R-6  | 1021106 | &nbsp;&nbsp; 137663 | &nbsp;&nbsp; 5568 | &nbsp;&nbsp; (6)<br>| &nbsp;&nbsp; (1029)<br>| &nbsp;&nbsp; 1152166 | &nbsp;&nbsp; 10689 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Capital World Bond Fund, Class R-6  | 1017413 | &nbsp;&nbsp; 98606 | &nbsp;&nbsp; 9766 | &nbsp;&nbsp; (1401)<br>| &nbsp;&nbsp; 6626 | &nbsp;&nbsp; 1111478 | &nbsp;&nbsp; 10545 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds Emerging Markets Bond Fund, <br> Class R-6 <br>|  | &nbsp;&nbsp; 94720 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 692 | &nbsp;&nbsp; 95412 | &nbsp;&nbsp; 276 | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 15239772 |  |  |
| **Total 100%** |  |  |  | &nbsp;&nbsp; $222576 | &nbsp;&nbsp; $(1086693)<br>| &nbsp;&nbsp; $55324140 | &nbsp;&nbsp; $531315 | &nbsp;&nbsp; $2179184 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Non-income producing. <br> <sup>(b)</sup> Part of the same "group of investment companies" as the fund as defined under the Investment Company Act of 1940, as amended. <br> <sup>(c)</sup> Affiliated issuer during the reporting period but no longer held at 1/31/2026.

American Funds Target Date Retirement Series — Page 16 of 27

------

**American Funds 2030**

**Target Date Retirement Fund**<sup>®</sup>

Investment portfolio

January 31, 2026

**unaudited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Fund investments<br> **Growth funds 14%**<br>| Shares | Value<br> (000)<br>|
| AMCAP Fund, Class R-6 <sup>(a)</sup> <br>| 55268332 | $2628562 |
| American Funds Global Insight Fund, Class R-6  | 54158572 | 1578181 |
| The Growth Fund of America, Class R-6  | 19159916 | 1553486 |
| New Perspective Fund, Class R-6  | 10883884 | 788864 |
| SMALLCAP World Fund, Inc., Class R-6  | 9962142 | 787208 |
|  |  | 7336301 |
| **Growth-and-income funds 26%** |  |  |
| Capital World Growth and Income Fund, Class R-6  | 47482711 | 3566901 |
| American Mutual Fund, Class R-6  | 58408621 | 3550076 |
| Washington Mutual Investors Fund, Class R-6  | 39477674 | 2621713 |
| Fundamental Investors, Class R-6  | 16609101 | 1585837 |
| The Investment Company of America, Class R-6  | 24747232 | 1576399 |
| International Growth and Income Fund, Class R-6  | 19925431 | 948251 |
|  |  | 13849177 |
| **Equity-income funds 9%** |  |  |
| The Income Fund of America, Class R-6  | 101074921 | 2737109 |
| Capital Income Builder, Class R-6  | 28536549 | 2264660 |
|  |  | 5001769 |
| **Balanced funds 13%** |  |  |
| American Balanced Fund, Class R-6  | 109622699 | 4220474 |
| American Funds Global Balanced Fund, Class R-6  | 61025245 | 2521563 |
|  |  | 6742037 |
| **Fixed income funds 38%** |  |  |
| The Bond Fund of America, Class R-6  | 342413405 | 3917209 |
| American Funds Inflation Linked Bond Fund, Class R-6  | 343303648 | 3257951 |
| American Funds Mortgage Fund, Class R-6  | 310496967 | 2772738 |
| Intermediate Bond Fund of America, Class R-6  | 217811306 | 2772738 |
| U.S. Government Securities Fund, Class R-6  | 218074845 | 2640886 |
| American Funds Multi-Sector Income Fund, Class R-6  | 176765088 | 1675733 |
| American Funds Strategic Bond Fund, Class R-6  | 131279216 | 1232712 |
| Capital World Bond Fund, Class R-6  | 64045239 | 1058668 |
| American High-Income Trust, Class R-6  | 44336261 | 439816 |
| American Funds Emerging Markets Bond Fund, Class R-6  | 5198029 | 42884 |
|  |  | 19811335 |
| **Total investment securities 100%** (cost: $43,823,986,000) |  | 52740619 |
| **Other assets less liabilities 0%** |  | (7749)<br>|
| **Net assets 100%** |  | $52732870 |

---

American Funds Target Date Retirement Series — Page 17 of 27

------

**unaudited**

Investments in affiliates <sup>(b)</sup>

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>11/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>1/31/2026 <br>(000)<br>| Dividend <br>income <br>(000)<br>| Capital gain <br>distributions <br>received <br>(000)<br>|
| **Growth funds 14%** | **Growth funds 14%** | **Growth funds 14%** | **Growth funds 14%** | **Growth funds 14%** | **Growth funds 14%** | **Growth funds 14%** | **Growth funds 14%** | **Growth funds 14%** |
| &nbsp;&nbsp;&nbsp; AMCAP Fund, Class R-6 <sup>(a)</sup> <br>| $2878136 | &nbsp;&nbsp; $132992 | &nbsp;&nbsp; $272220 | &nbsp;&nbsp; $29580 | &nbsp;&nbsp; $(139926)<br>| &nbsp;&nbsp; $2628562 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $123702 |
| &nbsp;&nbsp;&nbsp; American Funds Global Insight Fund, Class R-6  | 1633746 | &nbsp;&nbsp; 19087 | &nbsp;&nbsp; 123148 | &nbsp;&nbsp; 33768 | &nbsp;&nbsp; 14728 | &nbsp;&nbsp; 1578181 | &nbsp;&nbsp; 19087 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; The Growth Fund of America, Class R-6  | 1737445 | &nbsp;&nbsp; 169741 | &nbsp;&nbsp; 183774 | &nbsp;&nbsp; 41712 | &nbsp;&nbsp; (211638)<br>| &nbsp;&nbsp; 1553486 | &nbsp;&nbsp; 9417 | &nbsp;&nbsp; 160323 |
| &nbsp;&nbsp;&nbsp; New Perspective Fund, Class R-6  | 907852 | &nbsp;&nbsp; 58163 | &nbsp;&nbsp; 145739 | &nbsp;&nbsp; 69366 | &nbsp;&nbsp; (100778)<br>| &nbsp;&nbsp; 788864 | &nbsp;&nbsp; 11742 | &nbsp;&nbsp; 46421 |
| &nbsp;&nbsp;&nbsp; SMALLCAP World Fund, Inc., Class R-6  | 906801 | &nbsp;&nbsp; 42509 | &nbsp;&nbsp; 167798 | &nbsp;&nbsp; 10879 | &nbsp;&nbsp; (5183)<br>| &nbsp;&nbsp; 787208 | &nbsp;&nbsp; 8805 | &nbsp;&nbsp; 33704 |
|  |  |  |  |  |  | &nbsp;&nbsp; 7336301 |  |  |
| **Growth-and-income funds 26%** | **Growth-and-income funds 26%** | **Growth-and-income funds 26%** | **Growth-and-income funds 26%** | **Growth-and-income funds 26%** | **Growth-and-income funds 26%** | **Growth-and-income funds 26%** | **Growth-and-income funds 26%** | **Growth-and-income funds 26%** |
| &nbsp;&nbsp;&nbsp; Capital World Growth and Income Fund, Class R-6  | 3603438 | &nbsp;&nbsp; 315009 | &nbsp;&nbsp; 289009 | &nbsp;&nbsp; 38546 | &nbsp;&nbsp; (101083)<br>| &nbsp;&nbsp; 3566901 | &nbsp;&nbsp; 23328 | &nbsp;&nbsp; 291681 |
| &nbsp;&nbsp;&nbsp; American Mutual Fund, Class R-6  | 3562738 | &nbsp;&nbsp; 218851 | &nbsp;&nbsp; 160435 | &nbsp;&nbsp; 15841 | &nbsp;&nbsp; (86919)<br>| &nbsp;&nbsp; 3550076 | &nbsp;&nbsp; 21063 | &nbsp;&nbsp; 197788 |
| &nbsp;&nbsp;&nbsp; Washington Mutual Investors Fund, Class R-6  | 2644384 | &nbsp;&nbsp; 127008 | &nbsp;&nbsp; 124113 | &nbsp;&nbsp; 11319 | &nbsp;&nbsp; (36885)<br>| &nbsp;&nbsp; 2621713 | &nbsp;&nbsp; 12344 | &nbsp;&nbsp; 114665 |
| &nbsp;&nbsp;&nbsp; Fundamental Investors, Class R-6  | 1633154 | &nbsp;&nbsp; 91272 | &nbsp;&nbsp; 138756 | &nbsp;&nbsp; 32426 | &nbsp;&nbsp; (32259)<br>| &nbsp;&nbsp; 1585837 | &nbsp;&nbsp; 3999 | &nbsp;&nbsp; 87273 |
| &nbsp;&nbsp;&nbsp; The Investment Company of America, Class R-6  | 1631526 | &nbsp;&nbsp; 133128 | &nbsp;&nbsp; 90436 | &nbsp;&nbsp; 16175 | &nbsp;&nbsp; (113994)<br>| &nbsp;&nbsp; 1576399 | &nbsp;&nbsp; 4823 | &nbsp;&nbsp; 128305 |
| &nbsp;&nbsp;&nbsp; International Growth and Income Fund, Class R-6  | 1003291 | &nbsp;&nbsp; 60120 | &nbsp;&nbsp; 162078 | &nbsp;&nbsp; 46537 | &nbsp;&nbsp; 381 | &nbsp;&nbsp; 948251 | &nbsp;&nbsp; 7649 | &nbsp;&nbsp; 52472 |
|  |  |  |  |  |  | &nbsp;&nbsp; 13849177 |  |  |
| **Equity-income funds 9%** | **Equity-income funds 9%** | **Equity-income funds 9%** | **Equity-income funds 9%** | **Equity-income funds 9%** | **Equity-income funds 9%** | **Equity-income funds 9%** | **Equity-income funds 9%** | **Equity-income funds 9%** |
| &nbsp;&nbsp;&nbsp; The Income Fund of America, Class R-6  | 2236209 | &nbsp;&nbsp; 555549 | &nbsp;&nbsp; 44277 | &nbsp;&nbsp; 271 | &nbsp;&nbsp; (10643)<br>| &nbsp;&nbsp; 2737109 | &nbsp;&nbsp; 42606 | &nbsp;&nbsp; 129764 |
| &nbsp;&nbsp;&nbsp; Capital Income Builder, Class R-6  | 2236210 | &nbsp;&nbsp; 130148 | &nbsp;&nbsp; 114092 | &nbsp;&nbsp; 11954 | &nbsp;&nbsp; 440 | &nbsp;&nbsp; 2264660 | &nbsp;&nbsp; 28137 | &nbsp;&nbsp; 102011 |
|  |  |  |  |  |  | &nbsp;&nbsp; 5001769 |  |  |
| **Balanced funds 13%** | **Balanced funds 13%** | **Balanced funds 13%** | **Balanced funds 13%** | **Balanced funds 13%** | **Balanced funds 13%** | **Balanced funds 13%** | **Balanced funds 13%** | **Balanced funds 13%** |
| &nbsp;&nbsp;&nbsp; American Balanced Fund, Class R-6  | 4343087 | &nbsp;&nbsp; 281379 | &nbsp;&nbsp; 325629 | &nbsp;&nbsp; 32501 | &nbsp;&nbsp; (110864)<br>| &nbsp;&nbsp; 4220474 | &nbsp;&nbsp; 51830 | &nbsp;&nbsp; 229550 |
| &nbsp;&nbsp;&nbsp; American Funds Global Balanced Fund, Class R-6  | 2683901 | &nbsp;&nbsp; 118556 | &nbsp;&nbsp; 260013 | &nbsp;&nbsp; 15882 | &nbsp;&nbsp; (36763)<br>| &nbsp;&nbsp; 2521563 | &nbsp;&nbsp; 19925 | &nbsp;&nbsp; 98631 |
|  |  |  |  |  |  | &nbsp;&nbsp; 6742037 |  |  |
| **Fixed income funds 38%** | **Fixed income funds 38%** | **Fixed income funds 38%** | **Fixed income funds 38%** | **Fixed income funds 38%** | **Fixed income funds 38%** | **Fixed income funds 38%** | **Fixed income funds 38%** | **Fixed income funds 38%** |
| &nbsp;&nbsp;&nbsp; The Bond Fund of America, Class R-6  | 3621748 | &nbsp;&nbsp; 337006 | &nbsp;&nbsp; 28177 | &nbsp;&nbsp; (3308)<br>| &nbsp;&nbsp; (10060)<br>| &nbsp;&nbsp; 3917209 | &nbsp;&nbsp; 40420 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds Inflation Linked Bond Fund, <br> Class R-6 <br>| 3170082 | &nbsp;&nbsp; 220511 | &nbsp;&nbsp; 22302 | &nbsp;&nbsp; (2515)<br>| &nbsp;&nbsp; (107825)<br>| &nbsp;&nbsp; 3257951 | &nbsp;&nbsp; 113969 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; American Funds Mortgage Fund, Class R-6  | 2577509 | &nbsp;&nbsp; 218253 | &nbsp;&nbsp; 19500 | &nbsp;&nbsp; (1992)<br>| &nbsp;&nbsp; (1532)<br>| &nbsp;&nbsp; 2772738 | &nbsp;&nbsp; 29530 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Intermediate Bond Fund of America, Class R-6  | 2574782 | &nbsp;&nbsp; 220053 | &nbsp;&nbsp; 21753 | &nbsp;&nbsp; (1072)<br>| &nbsp;&nbsp; 728 | &nbsp;&nbsp; 2772738 | &nbsp;&nbsp; 27195 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; U.S. Government Securities Fund, Class R-6  | 2502903 | &nbsp;&nbsp; 165031 | &nbsp;&nbsp; 18309 | &nbsp;&nbsp; (522)<br>| &nbsp;&nbsp; (8217)<br>| &nbsp;&nbsp; 2640886 | &nbsp;&nbsp; 26805 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds Multi-Sector Income Fund, <br> Class R-6 <br>| 1560494 | &nbsp;&nbsp; 131814 | &nbsp;&nbsp; 13060 | &nbsp;&nbsp; (77)<br>| &nbsp;&nbsp; (3438)<br>| &nbsp;&nbsp; 1675733 | &nbsp;&nbsp; 25159 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; American Funds Strategic Bond Fund, Class R-6  | 1033147 | &nbsp;&nbsp; 206405 | &nbsp;&nbsp; 5854 | &nbsp;&nbsp; (67)<br>| &nbsp;&nbsp; (919)<br>| &nbsp;&nbsp; 1232712 | &nbsp;&nbsp; 10815 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Capital World Bond Fund, Class R-6  | 1015293 | &nbsp;&nbsp; 50828 | &nbsp;&nbsp; 12241 | &nbsp;&nbsp; (1627)<br>| &nbsp;&nbsp; 6415 | &nbsp;&nbsp; 1058668 | &nbsp;&nbsp; 10523 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; American High-Income Trust, Class R-6  | 151703 | &nbsp;&nbsp; 289637 | &nbsp;&nbsp; 1563 | &nbsp;&nbsp; (3)<br>| &nbsp;&nbsp; 42 | &nbsp;&nbsp; 439816 | &nbsp;&nbsp; 3940 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds Emerging Markets Bond Fund, <br> Class R-6 <br>|  | &nbsp;&nbsp; 42573 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 311 | &nbsp;&nbsp; 42884 | &nbsp;&nbsp; 124 | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 19811335 |  |  |
| **Total 100%** |  |  |  | &nbsp;&nbsp; $395574 | &nbsp;&nbsp; $(1095881)<br>| &nbsp;&nbsp; $52740619 | &nbsp;&nbsp; $553235 | &nbsp;&nbsp; $1796290 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Non-income producing. <br> <sup>(b)</sup> Part of the same "group of investment companies" as the fund as defined under the Investment Company Act of 1940, as amended.

American Funds Target Date Retirement Series — Page 18 of 27

------

**American Funds 2025**

**Target Date Retirement Income Fund**<sup>®</sup>

Investment portfolio

January 31, 2026

**unaudited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Fund investments<br> **Growth funds 5%**<br>| Shares | Value<br> (000)<br>|
| American Funds Global Insight Fund, Class R-6  | 30545214 | $890087 |
| AMCAP Fund, Class R-6 <sup>(a)</sup> <br>| 14915685 | 709390 |
|  |  | 1599477 |
| **Growth-and-income funds 24%** |  |  |
| American Mutual Fund, Class R-6  | 31959307 | 1942487 |
| Capital World Growth and Income Fund, Class R-6  | 24638952 | 1850878 |
| Washington Mutual Investors Fund, Class R-6  | 24298140 | 1613640 |
| The Investment Company of America, Class R-6  | 15229283 | 970105 |
| Fundamental Investors, Class R-6  | 10146509 | 968789 |
| International Growth and Income Fund, Class R-6  | 5186037 | 246803 |
|  |  | 7592702 |
| **Equity-income funds 14%** |  |  |
| The Income Fund of America, Class R-6  | 108628553 | 2941661 |
| Capital Income Builder, Class R-6  | 21834637 | 1732797 |
|  |  | 4674458 |
| **Balanced funds 12%** |  |  |
| American Balanced Fund, Class R-6  | 67099886 | 2583346 |
| American Funds Global Balanced Fund, Class R-6  | 31408406 | 1297795 |
|  |  | 3881141 |
| **Fixed income funds 45%** |  |  |
| The Bond Fund of America, Class R-6  | 231532103 | 2648727 |
| American Funds Inflation Linked Bond Fund, Class R-6  | 262058793 | 2486938 |
| American Funds Mortgage Fund, Class R-6  | 217980029 | 1946562 |
| Intermediate Bond Fund of America, Class R-6  | 152911364 | 1946562 |
| U.S. Government Securities Fund, Class R-6  | 134020070 | 1622983 |
| American Funds Multi-Sector Income Fund, Class R-6  | 137067978 | 1299404 |
| American High-Income Trust, Class R-6  | 103914736 | 1030834 |
| American Funds Strategic Bond Fund, Class R-6  | 103921812 | 975826 |
| Capital World Bond Fund, Class R-6  | 39458391 | 652247 |
|  |  | 14610083 |
| **Total investment securities 100%** (cost: $27,741,583,000) |  | 32357861 |
| **Other assets less liabilities 0%** |  | (5165)<br>|
| **Net assets 100%** |  | $32352696 |

---

American Funds Target Date Retirement Series — Page 19 of 27

------

**unaudited**

Investments in affiliates <sup>(b)</sup>

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>11/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>1/31/2026 <br>(000)<br>| Dividend <br>income <br>(000)<br>| Capital gain <br>distributions <br>received <br>(000)<br>|
| **Growth funds 5%** | **Growth funds 5%** | **Growth funds 5%** | **Growth funds 5%** | **Growth funds 5%** | **Growth funds 5%** | **Growth funds 5%** | **Growth funds 5%** | **Growth funds 5%** |
| &nbsp;&nbsp;&nbsp; American Funds Global Insight Fund, Class R-6  | $917689 | &nbsp;&nbsp; $10723 | &nbsp;&nbsp; $65488 | &nbsp;&nbsp; $17926 | &nbsp;&nbsp; $9237 | &nbsp;&nbsp; $890087 | &nbsp;&nbsp; $10723 | &nbsp;&nbsp; $— |
| &nbsp;&nbsp;&nbsp; AMCAP Fund, Class R-6 <sup>(a)</sup> <br>| 852659 | &nbsp;&nbsp; 36518 | &nbsp;&nbsp; 148259 | &nbsp;&nbsp; 62095 | &nbsp;&nbsp; (93623)<br>| &nbsp;&nbsp; 709390 | &nbsp;&nbsp; — | &nbsp;&nbsp; 36518 |
|  |  |  |  |  |  | &nbsp;&nbsp; 1599477 |  |  |
| **Growth-and-income funds 24%** | **Growth-and-income funds 24%** | **Growth-and-income funds 24%** | **Growth-and-income funds 24%** | **Growth-and-income funds 24%** | **Growth-and-income funds 24%** | **Growth-and-income funds 24%** | **Growth-and-income funds 24%** | **Growth-and-income funds 24%** |
| &nbsp;&nbsp;&nbsp; American Mutual Fund, Class R-6  | 1939241 | &nbsp;&nbsp; 118926 | &nbsp;&nbsp; 77151 | &nbsp;&nbsp; 14310 | &nbsp;&nbsp; (52839)<br>| &nbsp;&nbsp; 1942487 | &nbsp;&nbsp; 11446 | &nbsp;&nbsp; 107479 |
| &nbsp;&nbsp;&nbsp; Capital World Growth and Income Fund, Class R-6  | 1890032 | &nbsp;&nbsp; 164898 | &nbsp;&nbsp; 170890 | &nbsp;&nbsp; 33936 | &nbsp;&nbsp; (67098)<br>| &nbsp;&nbsp; 1850878 | &nbsp;&nbsp; 12211 | &nbsp;&nbsp; 152687 |
| &nbsp;&nbsp;&nbsp; Washington Mutual Investors Fund, Class R-6  | 1625199 | &nbsp;&nbsp; 77707 | &nbsp;&nbsp; 73835 | &nbsp;&nbsp; 17440 | &nbsp;&nbsp; (32871)<br>| &nbsp;&nbsp; 1613640 | &nbsp;&nbsp; 7552 | &nbsp;&nbsp; 70155 |
| &nbsp;&nbsp;&nbsp; The Investment Company of America, Class R-6  | 982509 | &nbsp;&nbsp; 80050 | &nbsp;&nbsp; 33761 | &nbsp;&nbsp; 9862 | &nbsp;&nbsp; (68555)<br>| &nbsp;&nbsp; 970105 | &nbsp;&nbsp; 2900 | &nbsp;&nbsp; 77150 |
| &nbsp;&nbsp;&nbsp; Fundamental Investors, Class R-6  | 980156 | &nbsp;&nbsp; 54901 | &nbsp;&nbsp; 66659 | &nbsp;&nbsp; 18201 | &nbsp;&nbsp; (17810)<br>| &nbsp;&nbsp; 968789 | &nbsp;&nbsp; 2405 | &nbsp;&nbsp; 52495 |
| &nbsp;&nbsp;&nbsp; International Growth and Income Fund, Class R-6  | 265631 | &nbsp;&nbsp; 16000 | &nbsp;&nbsp; 47147 | &nbsp;&nbsp; 17490 | &nbsp;&nbsp; (5171)<br>| &nbsp;&nbsp; 246803 | &nbsp;&nbsp; 2036 | &nbsp;&nbsp; 13964 |
|  |  |  |  |  |  | &nbsp;&nbsp; 7592702 |  |  |
| **Equity-income funds 14%** | **Equity-income funds 14%** | **Equity-income funds 14%** | **Equity-income funds 14%** | **Equity-income funds 14%** | **Equity-income funds 14%** | **Equity-income funds 14%** | **Equity-income funds 14%** | **Equity-income funds 14%** |
| &nbsp;&nbsp;&nbsp; The Income Fund of America, Class R-6  | 2814009 | &nbsp;&nbsp; 294423 | &nbsp;&nbsp; 148781 | &nbsp;&nbsp; 3246 | &nbsp;&nbsp; (21236)<br>| &nbsp;&nbsp; 2941661 | &nbsp;&nbsp; 53039 | &nbsp;&nbsp; 161541 |
| &nbsp;&nbsp;&nbsp; Capital Income Builder, Class R-6  | 1685345 | &nbsp;&nbsp; 130975 | &nbsp;&nbsp; 94437 | &nbsp;&nbsp; 16449 | &nbsp;&nbsp; (5535)<br>| &nbsp;&nbsp; 1732797 | &nbsp;&nbsp; 20574 | &nbsp;&nbsp; 74589 |
|  |  |  |  |  |  | &nbsp;&nbsp; 4674458 |  |  |
| **Balanced funds 12%** | **Balanced funds 12%** | **Balanced funds 12%** | **Balanced funds 12%** | **Balanced funds 12%** | **Balanced funds 12%** | **Balanced funds 12%** | **Balanced funds 12%** | **Balanced funds 12%** |
| &nbsp;&nbsp;&nbsp; American Balanced Fund, Class R-6  | 2608479 | &nbsp;&nbsp; 168449 | &nbsp;&nbsp; 148090 | &nbsp;&nbsp; 20717 | &nbsp;&nbsp; (66209)<br>| &nbsp;&nbsp; 2583346 | &nbsp;&nbsp; 31028 | &nbsp;&nbsp; 137421 |
| &nbsp;&nbsp;&nbsp; American Funds Global Balanced Fund, Class R-6  | 1307871 | &nbsp;&nbsp; 58980 | &nbsp;&nbsp; 59214 | &nbsp;&nbsp; 9039 | &nbsp;&nbsp; (18881)<br>| &nbsp;&nbsp; 1297795 | &nbsp;&nbsp; 9912 | &nbsp;&nbsp; 49067 |
|  |  |  |  |  |  | &nbsp;&nbsp; 3881141 |  |  |
| **Fixed income funds 45%** | **Fixed income funds 45%** | **Fixed income funds 45%** | **Fixed income funds 45%** | **Fixed income funds 45%** | **Fixed income funds 45%** | **Fixed income funds 45%** | **Fixed income funds 45%** | **Fixed income funds 45%** |
| &nbsp;&nbsp;&nbsp; The Bond Fund of America, Class R-6  | 2602894 | &nbsp;&nbsp; 124239 | &nbsp;&nbsp; 69155 | &nbsp;&nbsp; (5146)<br>| &nbsp;&nbsp; (4105)<br>| &nbsp;&nbsp; 2648727 | &nbsp;&nbsp; 28383 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds Inflation Linked Bond Fund, <br> Class R-6 <br>| 2594968 | &nbsp;&nbsp; 125817 | &nbsp;&nbsp; 145357 | &nbsp;&nbsp; (18704)<br>| &nbsp;&nbsp; (69786)<br>| &nbsp;&nbsp; 2486938 | &nbsp;&nbsp; 91187 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; American Funds Mortgage Fund, Class R-6  | 1952911 | &nbsp;&nbsp; 49445 | &nbsp;&nbsp; 53528 | &nbsp;&nbsp; (4170)<br>| &nbsp;&nbsp; 1904 | &nbsp;&nbsp; 1946562 | &nbsp;&nbsp; 21758 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Intermediate Bond Fund of America, Class R-6  | 1956091 | &nbsp;&nbsp; 49813 | &nbsp;&nbsp; 59266 | &nbsp;&nbsp; (2502)<br>| &nbsp;&nbsp; 2426 | &nbsp;&nbsp; 1946562 | &nbsp;&nbsp; 20049 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; U.S. Government Securities Fund, Class R-6  | 1626828 | &nbsp;&nbsp; 42399 | &nbsp;&nbsp; 40868 | &nbsp;&nbsp; (847)<br>| &nbsp;&nbsp; (4529)<br>| &nbsp;&nbsp; 1622983 | &nbsp;&nbsp; 17051 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds Multi-Sector Income Fund, <br> Class R-6 <br>| 1305788 | &nbsp;&nbsp; 36010 | &nbsp;&nbsp; 39561 | &nbsp;&nbsp; 236 | &nbsp;&nbsp; (3069)<br>| &nbsp;&nbsp; 1299404 | &nbsp;&nbsp; 20499 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; American High-Income Trust, Class R-6  | 980636 | &nbsp;&nbsp; 78793 | &nbsp;&nbsp; 30377 | &nbsp;&nbsp; (714)<br>| &nbsp;&nbsp; 2496 | &nbsp;&nbsp; 1030834 | &nbsp;&nbsp; 16146 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; American Funds Strategic Bond Fund, Class R-6  | 975190 | &nbsp;&nbsp; 24501 | &nbsp;&nbsp; 22932 | &nbsp;&nbsp; (1258)<br>| &nbsp;&nbsp; 325 | &nbsp;&nbsp; 975826 | &nbsp;&nbsp; 10030 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Capital World Bond Fund, Class R-6  | 651053 | &nbsp;&nbsp; 16127 | &nbsp;&nbsp; 17802 | &nbsp;&nbsp; (2541)<br>| &nbsp;&nbsp; 5410 | &nbsp;&nbsp; 652247 | &nbsp;&nbsp; 6643 | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 14610083 |  |  |
| **Total 100%** |  |  |  | &nbsp;&nbsp; $205065 | &nbsp;&nbsp; $(509519)<br>| &nbsp;&nbsp; $32357861 | &nbsp;&nbsp; $395572 | &nbsp;&nbsp; $933066 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Non-income producing. <br> <sup>(b)</sup> Part of the same "group of investment companies" as the fund as defined under the Investment Company Act of 1940, as amended.

American Funds Target Date Retirement Series — Page 20 of 27

------

**American Funds 2020**

**Target Date Retirement Income Fund**<sup>®</sup>

Investment portfolio

January 31, 2026

**unaudited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Fund investments<br> **Growth funds 2%**<br>| Shares | Value<br> (000)<br>|
| American Funds Global Insight Fund, Class R-6  | 7600870 | $221489 |
| AMCAP Fund, Class R-6 <sup>(a)</sup> <br>| 2002465 | 95237 |
|  |  | 316726 |
| **Growth-and-income funds 22%** |  |  |
| American Mutual Fund, Class R-6  | 14660104 | 891041 |
| Capital World Growth and Income Fund, Class R-6  | 9854516 | 740271 |
| Washington Mutual Investors Fund, Class R-6  | 10588477 | 703181 |
| The Investment Company of America, Class R-6  | 6980248 | 444642 |
| Fundamental Investors, Class R-6  | 4282215 | 408866 |
|  |  | 3188001 |
| **Equity-income funds 18%** |  |  |
| The Income Fund of America, Class R-6  | 67184272 | 1819351 |
| Capital Income Builder, Class R-6  | 11576055 | 918676 |
|  |  | 2738027 |
| **Balanced funds 12%** |  |  |
| American Balanced Fund, Class R-6  | 29767090 | 1146033 |
| American Funds Global Balanced Fund, Class R-6  | 14373941 | 593931 |
|  |  | 1739964 |
| **Fixed income funds 46%** |  |  |
| The Bond Fund of America, Class R-6  | 109504928 | 1252736 |
| American Funds Inflation Linked Bond Fund, Class R-6  | 120262674 | 1141293 |
| Intermediate Bond Fund of America, Class R-6  | 78915053 | 1004589 |
| American Funds Mortgage Fund, Class R-6  | 100016239 | 893145 |
| American Funds Multi-Sector Income Fund, Class R-6  | 62865197 | 595962 |
| U.S. Government Securities Fund, Class R-6  | 46144855 | 558814 |
| American Funds Strategic Bond Fund, Class R-6  | 51599410 | 484518 |
| American High-Income Trust, Class R-6  | 46296160 | 459258 |
| Capital World Bond Fund, Class R-6  | 18074962 | 298779 |
| Short-Term Bond Fund of America, Class R-6  | 19453324 | 187336 |
|  |  | 6876430 |
| **Total investment securities 100%** (cost: $12,672,063,000) |  | 14859148 |
| **Other assets less liabilities 0%** |  | (2442)<br>|
| **Net assets 100%** |  | $14856706 |

---

American Funds Target Date Retirement Series — Page 21 of 27

------

**unaudited**

Investments in affiliates <sup>(b)</sup>

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>11/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>1/31/2026 <br>(000)<br>| Dividend <br>income <br>(000)<br>| Capital gain <br>distributions <br>received <br>(000)<br>|
| **Growth funds 2%** | **Growth funds 2%** | **Growth funds 2%** | **Growth funds 2%** | **Growth funds 2%** | **Growth funds 2%** | **Growth funds 2%** | **Growth funds 2%** | **Growth funds 2%** |
| &nbsp;&nbsp;&nbsp; American Funds Global Insight Fund, Class R-6  | $239121 | &nbsp;&nbsp; $2827 | &nbsp;&nbsp; $27566 | &nbsp;&nbsp; $7896 | &nbsp;&nbsp; $(789)<br>| &nbsp;&nbsp; $221489 | &nbsp;&nbsp; $2827 | &nbsp;&nbsp; $— |
| &nbsp;&nbsp;&nbsp; AMCAP Fund, Class R-6 <sup>(a)</sup> <br>| 119895 | &nbsp;&nbsp; 5180 | &nbsp;&nbsp; 25381 | &nbsp;&nbsp; 14486 | &nbsp;&nbsp; (18943)<br>| &nbsp;&nbsp; 95237 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5180 |
|  |  |  |  |  |  | &nbsp;&nbsp; 316726 |  |  |
| **Growth-and-income funds 22%** | **Growth-and-income funds 22%** | **Growth-and-income funds 22%** | **Growth-and-income funds 22%** | **Growth-and-income funds 22%** | **Growth-and-income funds 22%** | **Growth-and-income funds 22%** | **Growth-and-income funds 22%** | **Growth-and-income funds 22%** |
| &nbsp;&nbsp;&nbsp; American Mutual Fund, Class R-6  | 889510 | &nbsp;&nbsp; 56231 | &nbsp;&nbsp; 37125 | &nbsp;&nbsp; 8093 | &nbsp;&nbsp; (25668)<br>| &nbsp;&nbsp; 891041 | &nbsp;&nbsp; 5247 | &nbsp;&nbsp; 49270 |
| &nbsp;&nbsp;&nbsp; Capital World Growth and Income Fund, Class R-6  | 746764 | &nbsp;&nbsp; 68683 | &nbsp;&nbsp; 62252 | &nbsp;&nbsp; 12201 | &nbsp;&nbsp; (25125)<br>| &nbsp;&nbsp; 740271 | &nbsp;&nbsp; 4827 | &nbsp;&nbsp; 60358 |
| &nbsp;&nbsp;&nbsp; Washington Mutual Investors Fund, Class R-6  | 715945 | &nbsp;&nbsp; 34103 | &nbsp;&nbsp; 40289 | &nbsp;&nbsp; 9771 | &nbsp;&nbsp; (16349)<br>| &nbsp;&nbsp; 703181 | &nbsp;&nbsp; 3314 | &nbsp;&nbsp; 30788 |
| &nbsp;&nbsp;&nbsp; The Investment Company of America, Class R-6  | 449247 | &nbsp;&nbsp; 37203 | &nbsp;&nbsp; 14883 | &nbsp;&nbsp; 3953 | &nbsp;&nbsp; (30878)<br>| &nbsp;&nbsp; 444642 | &nbsp;&nbsp; 1331 | &nbsp;&nbsp; 35413 |
| &nbsp;&nbsp;&nbsp; Fundamental Investors, Class R-6  | 418988 | &nbsp;&nbsp; 23525 | &nbsp;&nbsp; 33757 | &nbsp;&nbsp; 8555 | &nbsp;&nbsp; (8445)<br>| &nbsp;&nbsp; 408866 | &nbsp;&nbsp; 1031 | &nbsp;&nbsp; 22495 |
|  |  |  |  |  |  | &nbsp;&nbsp; 3188001 |  |  |
| **Equity-income funds 18%** | **Equity-income funds 18%** | **Equity-income funds 18%** | **Equity-income funds 18%** | **Equity-income funds 18%** | **Equity-income funds 18%** | **Equity-income funds 18%** | **Equity-income funds 18%** | **Equity-income funds 18%** |
| &nbsp;&nbsp;&nbsp; The Income Fund of America, Class R-6  | 1812185 | &nbsp;&nbsp; 136285 | &nbsp;&nbsp; 117472 | &nbsp;&nbsp; 11514 | &nbsp;&nbsp; (23161)<br>| &nbsp;&nbsp; 1819351 | &nbsp;&nbsp; 33686 | &nbsp;&nbsp; 102597 |
| &nbsp;&nbsp;&nbsp; Capital Income Builder, Class R-6  | 894876 | &nbsp;&nbsp; 73426 | &nbsp;&nbsp; 55217 | &nbsp;&nbsp; 10827 | &nbsp;&nbsp; (5236)<br>| &nbsp;&nbsp; 918676 | &nbsp;&nbsp; 10933 | &nbsp;&nbsp; 39637 |
|  |  |  |  |  |  | &nbsp;&nbsp; 2738027 |  |  |
| **Balanced funds 12%** | **Balanced funds 12%** | **Balanced funds 12%** | **Balanced funds 12%** | **Balanced funds 12%** | **Balanced funds 12%** | **Balanced funds 12%** | **Balanced funds 12%** | **Balanced funds 12%** |
| &nbsp;&nbsp;&nbsp; American Balanced Fund, Class R-6  | 1163127 | &nbsp;&nbsp; 75355 | &nbsp;&nbsp; 72063 | &nbsp;&nbsp; 12334 | &nbsp;&nbsp; (32720)<br>| &nbsp;&nbsp; 1146033 | &nbsp;&nbsp; 13880 | &nbsp;&nbsp; 61475 |
| &nbsp;&nbsp;&nbsp; American Funds Global Balanced Fund, Class R-6  | 596801 | &nbsp;&nbsp; 27046 | &nbsp;&nbsp; 25386 | &nbsp;&nbsp; 3466 | &nbsp;&nbsp; (7996)<br>| &nbsp;&nbsp; 593931 | &nbsp;&nbsp; 4545 | &nbsp;&nbsp; 22501 |
|  |  |  |  |  |  | &nbsp;&nbsp; 1739964 |  |  |
| **Fixed income funds 46%** | **Fixed income funds 46%** | **Fixed income funds 46%** | **Fixed income funds 46%** | **Fixed income funds 46%** | **Fixed income funds 46%** | **Fixed income funds 46%** | **Fixed income funds 46%** | **Fixed income funds 46%** |
| &nbsp;&nbsp;&nbsp; The Bond Fund of America, Class R-6  | 1241150 | &nbsp;&nbsp; 49659 | &nbsp;&nbsp; 33673 | &nbsp;&nbsp; (2815)<br>| &nbsp;&nbsp; (1585)<br>| &nbsp;&nbsp; 1252736 | &nbsp;&nbsp; 13478 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds Inflation Linked Bond Fund, <br> Class R-6 <br>| 1210334 | &nbsp;&nbsp; 42246 | &nbsp;&nbsp; 70239 | &nbsp;&nbsp; (4218)<br>| &nbsp;&nbsp; (36830)<br>| &nbsp;&nbsp; 1141293 | &nbsp;&nbsp; 42246 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Intermediate Bond Fund of America, Class R-6  | 959397 | &nbsp;&nbsp; 52835 | &nbsp;&nbsp; 7557 | &nbsp;&nbsp; (7)<br>| &nbsp;&nbsp; (79)<br>| &nbsp;&nbsp; 1004589 | &nbsp;&nbsp; 10062 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; American Funds Mortgage Fund, Class R-6  | 913344 | &nbsp;&nbsp; 10109 | &nbsp;&nbsp; 29294 | &nbsp;&nbsp; (2725)<br>| &nbsp;&nbsp; 1711 | &nbsp;&nbsp; 893145 | &nbsp;&nbsp; 10110 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Funds Multi-Sector Income Fund, <br> Class R-6 <br>| 612052 | &nbsp;&nbsp; 9578 | &nbsp;&nbsp; 24362 | &nbsp;&nbsp; 235 | &nbsp;&nbsp; (1541)<br>| &nbsp;&nbsp; 595962 | &nbsp;&nbsp; 9579 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; U.S. Government Securities Fund, Class R-6  | 615278 | &nbsp;&nbsp; 6314 | &nbsp;&nbsp; 60925 | &nbsp;&nbsp; (8451)<br>| &nbsp;&nbsp; 6598 | &nbsp;&nbsp; 558814 | &nbsp;&nbsp; 6315 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; American Funds Strategic Bond Fund, Class R-6  | 478527 | &nbsp;&nbsp; 9184 | &nbsp;&nbsp; 2707 | &nbsp;&nbsp; (51)<br>| &nbsp;&nbsp; (435)<br>| &nbsp;&nbsp; 484518 | &nbsp;&nbsp; 5009 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; American High-Income Trust, Class R-6  | 460950 | &nbsp;&nbsp; 12442 | &nbsp;&nbsp; 15031 | &nbsp;&nbsp; (176)<br>| &nbsp;&nbsp; 1073 | &nbsp;&nbsp; 459258 | &nbsp;&nbsp; 7539 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Capital World Bond Fund, Class R-6  | 309674 | &nbsp;&nbsp; 3184 | &nbsp;&nbsp; 15324 | &nbsp;&nbsp; (1950)<br>| &nbsp;&nbsp; 3195 | &nbsp;&nbsp; 298779 | &nbsp;&nbsp; 3184 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Short-Term Bond Fund of America, Class R-6  | 56159 | &nbsp;&nbsp; 131387 | &nbsp;&nbsp; 362 | &nbsp;&nbsp; (1)<br>| &nbsp;&nbsp; 153 | &nbsp;&nbsp; 187336 | &nbsp;&nbsp; 864 | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 6876430 |  |  |
| **Total 100%** |  |  |  | &nbsp;&nbsp; $82937 | &nbsp;&nbsp; $(223050)<br>| &nbsp;&nbsp; $14859148 | &nbsp;&nbsp; $190007 | &nbsp;&nbsp; $429714 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Non-income producing. <br> <sup>(b)</sup> Part of the same "group of investment companies" as the fund as defined under the Investment Company Act of 1940, as amended.

American Funds Target Date Retirement Series — Page 22 of 27

------

**American Funds 2015**

**Target Date Retirement Income Fund**<sup>®</sup>

Investment portfolio

January 31, 2026

**unaudited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Fund investments<br> **Growth-and-income funds 19%**<br>| Shares | Value<br> (000)<br>|
| American Mutual Fund, Class R-6  | 4424219 | $268904 |
| Capital World Growth and Income Fund, Class R-6  | 2779427 | 208790 |
| Washington Mutual Investors Fund, Class R-6  | 2809070 | 186550 |
| The Investment Company of America, Class R-6  | 2196777 | 139935 |
| Fundamental Investors, Class R-6  | 852520 | 81399 |
|  |  | 885578 |
| **Equity-income funds 21%** |  |  |
| The Income Fund of America, Class R-6  | 24560590 | 665101 |
| Capital Income Builder, Class R-6  | 3729471 | 295971 |
|  |  | 961072 |
| **Balanced funds 10%** |  |  |
| American Balanced Fund, Class R-6  | 8457834 | 325626 |
| American Funds Global Balanced Fund, Class R-6  | 3945226 | 163017 |
|  |  | 488643 |
| **Fixed income funds 50%** |  |  |
| Intermediate Bond Fund of America, Class R-6  | 35277777 | 449086 |
| The Bond Fund of America, Class R-6  | 38601697 | 441603 |
| American Funds Inflation Linked Bond Fund, Class R-6  | 36617377 | 347499 |
| American Funds Mortgage Fund, Class R-6  | 32850261 | 293353 |
| Short-Term Bond Fund of America, Class R-6  | 28034212 | 269970 |
| American Funds Strategic Bond Fund, Class R-6  | 19971625 | 187534 |
| American Funds Multi-Sector Income Fund, Class R-6  | 18611389 | 176436 |
| American High-Income Trust, Class R-6  | 10680432 | 105950 |
| Capital World Bond Fund, Class R-6  | 4231778 | 69951 |
|  |  | 2341382 |
| **Total investment securities 100%** (cost: $3,990,904,000) |  | 4676675 |
| **Other assets less liabilities 0%** |  | (848)<br>|
| **Net assets 100%** |  | $4675827 |

---

American Funds Target Date Retirement Series — Page 23 of 27

------

**unaudited**

Investments in affiliates <sup>(a)</sup>

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>11/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>1/31/2026 <br>(000)<br>| Dividend <br>income <br>(000)<br>| Capital gain <br>distributions <br>received <br>(000)<br>|
| **Growth-and-income funds 19%** | **Growth-and-income funds 19%** | **Growth-and-income funds 19%** | **Growth-and-income funds 19%** | **Growth-and-income funds 19%** | **Growth-and-income funds 19%** | **Growth-and-income funds 19%** | **Growth-and-income funds 19%** | **Growth-and-income funds 19%** |
| &nbsp;&nbsp;&nbsp; American Mutual Fund, Class R-6  | $271955 | &nbsp;&nbsp; $16556 | &nbsp;&nbsp; $14278 | &nbsp;&nbsp; $3553 | &nbsp;&nbsp; $(8882)<br>| &nbsp;&nbsp; $268904 | &nbsp;&nbsp; $1593 | &nbsp;&nbsp; $14962 |
| &nbsp;&nbsp;&nbsp; Capital World Growth and Income Fund, Class R-6  | 217003 | &nbsp;&nbsp; 19891 | &nbsp;&nbsp; 24224 | &nbsp;&nbsp; 5988 | &nbsp;&nbsp; (9868)<br>| &nbsp;&nbsp; 208790 | &nbsp;&nbsp; 1403 | &nbsp;&nbsp; 17541 |
| &nbsp;&nbsp;&nbsp; Washington Mutual Investors Fund, Class R-6  | 188684 | &nbsp;&nbsp; 9175 | &nbsp;&nbsp; 9582 | &nbsp;&nbsp; 3229 | &nbsp;&nbsp; (4956)<br>| &nbsp;&nbsp; 186550 | &nbsp;&nbsp; 869 | &nbsp;&nbsp; 8070 |
| &nbsp;&nbsp;&nbsp; The Investment Company of America, Class R-6  | 141839 | &nbsp;&nbsp; 12259 | &nbsp;&nbsp; 5646 | &nbsp;&nbsp; 1458 | &nbsp;&nbsp; (9975)<br>| &nbsp;&nbsp; 139935 | &nbsp;&nbsp; 421 | &nbsp;&nbsp; 11199 |
| &nbsp;&nbsp;&nbsp; Fundamental Investors, Class R-6  | 85397 | &nbsp;&nbsp; 4938 | &nbsp;&nbsp; 8956 | &nbsp;&nbsp; 2406 | &nbsp;&nbsp; (2386)<br>| &nbsp;&nbsp; 81399 | &nbsp;&nbsp; 209 | &nbsp;&nbsp; 4571 |
|  |  |  |  |  |  | &nbsp;&nbsp; 885578 |  |  |
| **Equity-income funds 21%** | **Equity-income funds 21%** | **Equity-income funds 21%** | **Equity-income funds 21%** | **Equity-income funds 21%** | **Equity-income funds 21%** | **Equity-income funds 21%** | **Equity-income funds 21%** | **Equity-income funds 21%** |
| &nbsp;&nbsp;&nbsp; The Income Fund of America, Class R-6  | 652120 | &nbsp;&nbsp; 55663 | &nbsp;&nbsp; 38741 | &nbsp;&nbsp; 4030 | &nbsp;&nbsp; (7971)<br>| &nbsp;&nbsp; 665101 | &nbsp;&nbsp; 12134 | &nbsp;&nbsp; 36956 |
| &nbsp;&nbsp;&nbsp; Capital Income Builder, Class R-6  | 292786 | &nbsp;&nbsp; 21119 | &nbsp;&nbsp; 19837 | &nbsp;&nbsp; 4332 | &nbsp;&nbsp; (2429)<br>| &nbsp;&nbsp; 295971 | &nbsp;&nbsp; 3544 | &nbsp;&nbsp; 12850 |
|  |  |  |  |  |  | &nbsp;&nbsp; 961072 |  |  |
| **Balanced funds 10%** | **Balanced funds 10%** | **Balanced funds 10%** | **Balanced funds 10%** | **Balanced funds 10%** | **Balanced funds 10%** | **Balanced funds 10%** | **Balanced funds 10%** | **Balanced funds 10%** |
| &nbsp;&nbsp;&nbsp; American Balanced Fund, Class R-6  | 331230 | &nbsp;&nbsp; 21316 | &nbsp;&nbsp; 21187 | &nbsp;&nbsp; 2820 | &nbsp;&nbsp; (8553)<br>| &nbsp;&nbsp; 325626 | &nbsp;&nbsp; 3926 | &nbsp;&nbsp; 17390 |
| &nbsp;&nbsp;&nbsp; American Funds Global Balanced Fund, Class R-6  | 171373 | &nbsp;&nbsp; 7659 | &nbsp;&nbsp; 14719 | &nbsp;&nbsp; 2645 | &nbsp;&nbsp; (3941)<br>| &nbsp;&nbsp; 163017 | &nbsp;&nbsp; 1287 | &nbsp;&nbsp; 6372 |
|  |  |  |  |  |  | &nbsp;&nbsp; 488643 |  |  |
| **Fixed income funds 50%** | **Fixed income funds 50%** | **Fixed income funds 50%** | **Fixed income funds 50%** | **Fixed income funds 50%** | **Fixed income funds 50%** | **Fixed income funds 50%** | **Fixed income funds 50%** | **Fixed income funds 50%** |
| &nbsp;&nbsp;&nbsp; Intermediate Bond Fund of America, Class R-6  | 444461 | &nbsp;&nbsp; 23231 | &nbsp;&nbsp; 18574 | &nbsp;&nbsp; (545)<br>| &nbsp;&nbsp; 513 | &nbsp;&nbsp; 449086 | &nbsp;&nbsp; 4569 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; The Bond Fund of America, Class R-6  | 435033 | &nbsp;&nbsp; 24616 | &nbsp;&nbsp; 16502 | &nbsp;&nbsp; (1373)<br>| &nbsp;&nbsp; (171)<br>| &nbsp;&nbsp; 441603 | &nbsp;&nbsp; 4731 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; American Funds Inflation Linked Bond Fund, Class R-6  | 369011 | &nbsp;&nbsp; 18395 | &nbsp;&nbsp; 27369 | &nbsp;&nbsp; (1128)<br>| &nbsp;&nbsp; (11410)<br>| &nbsp;&nbsp; 347499 | &nbsp;&nbsp; 12915 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; American Funds Mortgage Fund, Class R-6  | 293557 | &nbsp;&nbsp; 10890 | &nbsp;&nbsp; 10750 | &nbsp;&nbsp; (889)<br>| &nbsp;&nbsp; 545 | &nbsp;&nbsp; 293353 | &nbsp;&nbsp; 3261 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Short-Term Bond Fund of America, Class R-6  | 260246 | &nbsp;&nbsp; 14726 | &nbsp;&nbsp; 5283 | &nbsp;&nbsp; (137)<br>| &nbsp;&nbsp; 418 | &nbsp;&nbsp; 269970 | &nbsp;&nbsp; 2646 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; American Funds Strategic Bond Fund, Class R-6  | 189808 | &nbsp;&nbsp; 4554 | &nbsp;&nbsp; 6645 | &nbsp;&nbsp; (391)<br>| &nbsp;&nbsp; 208 | &nbsp;&nbsp; 187534 | &nbsp;&nbsp; 1937 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; American Funds Multi-Sector Income Fund, Class R-6  | 180377 | &nbsp;&nbsp; 3318 | &nbsp;&nbsp; 6873 | &nbsp;&nbsp; 91 | &nbsp;&nbsp; (477)<br>| &nbsp;&nbsp; 176436 | &nbsp;&nbsp; 2813 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; American High-Income Trust, Class R-6  | 114354 | &nbsp;&nbsp; 1871 | &nbsp;&nbsp; 10503 | &nbsp;&nbsp; (263)<br>| &nbsp;&nbsp; 491 | &nbsp;&nbsp; 105950 | &nbsp;&nbsp; 1831 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Capital World Bond Fund, Class R-6  | 76628 | &nbsp;&nbsp; 775 | &nbsp;&nbsp; 7740 | &nbsp;&nbsp; (1062)<br>| &nbsp;&nbsp; 1350 | &nbsp;&nbsp; 69951 | &nbsp;&nbsp; 775 | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 2341382 |  |  |
| **Total 100%** |  |  |  | &nbsp;&nbsp; $24764 | &nbsp;&nbsp; $(67494)<br>| &nbsp;&nbsp; $4676675 | &nbsp;&nbsp; $60864 | &nbsp;&nbsp; $129911 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Part of the same "group of investment companies" as the fund as defined under the Investment Company Act of 1940, as amended.

American Funds Target Date Retirement Series — Page 24 of 27

------

**American Funds 2010**

**Target Date Retirement Income Fund**<sup>®</sup>

Investment portfolio

January 31, 2026

**unaudited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Fund investments<br> **Growth-and-income funds 15%**<br>| Shares | Value<br> (000)<br>|
| American Mutual Fund, Class R-6  | 3028028 | $184044 |
| Washington Mutual Investors Fund, Class R-6  | 2321963 | 154201 |
| Capital World Growth and Income Fund, Class R-6  | 1426488 | 107158 |
| The Investment Company of America, Class R-6  | 1624363 | 103472 |
| Fundamental Investors, Class R-6  | 304949 | 29116 |
|  |  | 577991 |
| **Equity-income funds 25%** |  |  |
| The Income Fund of America, Class R-6  | 26084732 | 706374 |
| Capital Income Builder, Class R-6  | 3426166 | 271901 |
|  |  | 978275 |
| **Balanced funds 8%** |  |  |
| American Balanced Fund, Class R-6  | 6937721 | 267102 |
| American Funds Global Balanced Fund, Class R-6  | 1417970 | 58591 |
|  |  | 325693 |
| **Fixed income funds 52%** |  |  |
| Intermediate Bond Fund of America, Class R-6  | 36066064 | 459121 |
| The Bond Fund of America, Class R-6  | 35624782 | 407547 |
| Short-Term Bond Fund of America, Class R-6  | 35273899 | 339688 |
| American Funds Mortgage Fund, Class R-6  | 32609814 | 291206 |
| American Funds Inflation Linked Bond Fund, Class R-6  | 26235851 | 248978 |
| American Funds Strategic Bond Fund, Class R-6  | 17223820 | 161732 |
| American Funds Multi-Sector Income Fund, Class R-6  | 9227360 | 87475 |
|  |  | 1995747 |
| **Total investment securities 100%** (cost: $3,444,804,000) |  | 3877706 |
| **Other assets less liabilities 0%** |  | (564)<br>|
| **Net assets 100%** |  | $3877142 |

---

American Funds Target Date Retirement Series — Page 25 of 27

------

**unaudited**

Investments in affiliates <sup>(a)</sup>

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>11/1/2025 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>1/31/2026 <br>(000)<br>| Dividend <br>income <br>(000)<br>| Capital gain <br>distributions <br>received <br>(000)<br>|
| **Growth-and-income funds 15%** | **Growth-and-income funds 15%** | **Growth-and-income funds 15%** | **Growth-and-income funds 15%** | **Growth-and-income funds 15%** | **Growth-and-income funds 15%** | **Growth-and-income funds 15%** | **Growth-and-income funds 15%** | **Growth-and-income funds 15%** |
| &nbsp;&nbsp;&nbsp; American Mutual Fund, Class R-6  | $184471 | &nbsp;&nbsp; $12479 | &nbsp;&nbsp; $9261 | &nbsp;&nbsp; $1765 | &nbsp;&nbsp; $(5410)<br>| &nbsp;&nbsp; $184044 | &nbsp;&nbsp; $1088 | &nbsp;&nbsp; $10219 |
| &nbsp;&nbsp;&nbsp; Washington Mutual Investors Fund, Class R-6  | 154256 | &nbsp;&nbsp; 8257 | &nbsp;&nbsp; 6887 | &nbsp;&nbsp; 1913 | &nbsp;&nbsp; (3338)<br>| &nbsp;&nbsp; 154201 | &nbsp;&nbsp; 716 | &nbsp;&nbsp; 6648 |
| &nbsp;&nbsp;&nbsp; Capital World Growth and Income Fund, Class R-6  | 108651 | &nbsp;&nbsp; 9675 | &nbsp;&nbsp; 9239 | &nbsp;&nbsp; 1911 | &nbsp;&nbsp; (3840)<br>| &nbsp;&nbsp; 107158 | &nbsp;&nbsp; 703 | &nbsp;&nbsp; 8787 |
| &nbsp;&nbsp;&nbsp; The Investment Company of America, Class R-6  | 108561 | &nbsp;&nbsp; 10787 | &nbsp;&nbsp; 9358 | &nbsp;&nbsp; 2072 | &nbsp;&nbsp; (8590)<br>| &nbsp;&nbsp; 103472 | &nbsp;&nbsp; 323 | &nbsp;&nbsp; 8592 |
| &nbsp;&nbsp;&nbsp; Fundamental Investors, Class R-6  | 31543 | &nbsp;&nbsp; 1758 | &nbsp;&nbsp; 4182 | &nbsp;&nbsp; 1112 | &nbsp;&nbsp; (1115)<br>| &nbsp;&nbsp; 29116 | &nbsp;&nbsp; 77 | &nbsp;&nbsp; 1681 |
|  |  |  |  |  |  | &nbsp;&nbsp; 577991 |  |  |
| **Equity-income funds 25%** | **Equity-income funds 25%** | **Equity-income funds 25%** | **Equity-income funds 25%** | **Equity-income funds 25%** | **Equity-income funds 25%** | **Equity-income funds 25%** | **Equity-income funds 25%** | **Equity-income funds 25%** |
| &nbsp;&nbsp;&nbsp; The Income Fund of America, Class R-6  | 702520 | &nbsp;&nbsp; 52468 | &nbsp;&nbsp; 44435 | &nbsp;&nbsp; 4578 | &nbsp;&nbsp; (8757)<br>| &nbsp;&nbsp; 706374 | &nbsp;&nbsp; 12969 | &nbsp;&nbsp; 39499 |
| &nbsp;&nbsp;&nbsp; Capital Income Builder, Class R-6  | 271718 | &nbsp;&nbsp; 15254 | &nbsp;&nbsp; 16747 | &nbsp;&nbsp; 3325 | &nbsp;&nbsp; (1649)<br>| &nbsp;&nbsp; 271901 | &nbsp;&nbsp; 3298 | &nbsp;&nbsp; 11956 |
|  |  |  |  |  |  | &nbsp;&nbsp; 978275 |  |  |
| **Balanced funds 8%** | **Balanced funds 8%** | **Balanced funds 8%** | **Balanced funds 8%** | **Balanced funds 8%** | **Balanced funds 8%** | **Balanced funds 8%** | **Balanced funds 8%** | **Balanced funds 8%** |
| &nbsp;&nbsp;&nbsp; American Balanced Fund, Class R-6  | 271540 | &nbsp;&nbsp; 17678 | &nbsp;&nbsp; 17349 | &nbsp;&nbsp; 2319 | &nbsp;&nbsp; (7086)<br>| &nbsp;&nbsp; 267102 | &nbsp;&nbsp; 3239 | &nbsp;&nbsp; 14347 |
| &nbsp;&nbsp;&nbsp; American Funds Global Balanced Fund, Class R-6  | 62858 | &nbsp;&nbsp; 2818 | &nbsp;&nbsp; 6584 | &nbsp;&nbsp; 1379 | &nbsp;&nbsp; (1880)<br>| &nbsp;&nbsp; 58591 | &nbsp;&nbsp; 473 | &nbsp;&nbsp; 2344 |
|  |  |  |  |  |  | &nbsp;&nbsp; 325693 |  |  |
| **Fixed income funds 52%** | **Fixed income funds 52%** | **Fixed income funds 52%** | **Fixed income funds 52%** | **Fixed income funds 52%** | **Fixed income funds 52%** | **Fixed income funds 52%** | **Fixed income funds 52%** | **Fixed income funds 52%** |
| &nbsp;&nbsp;&nbsp; Intermediate Bond Fund of America, Class R-6  | 441802 | &nbsp;&nbsp; 31481 | &nbsp;&nbsp; 14125 | &nbsp;&nbsp; (202)<br>| &nbsp;&nbsp; 165 | &nbsp;&nbsp; 459121 | &nbsp;&nbsp; 4584 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; The Bond Fund of America, Class R-6  | 395326 | &nbsp;&nbsp; 24109 | &nbsp;&nbsp; 10476 | &nbsp;&nbsp; (914)<br>| &nbsp;&nbsp; (498)<br>| &nbsp;&nbsp; 407547 | &nbsp;&nbsp; 4332 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Short-Term Bond Fund of America, Class R-6  | 333357 | &nbsp;&nbsp; 16519 | &nbsp;&nbsp; 10540 | &nbsp;&nbsp; (40)<br>| &nbsp;&nbsp; 392 | &nbsp;&nbsp; 339688 | &nbsp;&nbsp; 3355 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; American Funds Mortgage Fund, Class R-6  | 286880 | &nbsp;&nbsp; 11319 | &nbsp;&nbsp; 6651 | &nbsp;&nbsp; (793)<br>| &nbsp;&nbsp; 451 | &nbsp;&nbsp; 291206 | &nbsp;&nbsp; 3215 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; American Funds Inflation Linked Bond Fund, Class R-6  | 263396 | &nbsp;&nbsp; 11119 | &nbsp;&nbsp; 16532 | &nbsp;&nbsp; (893)<br>| &nbsp;&nbsp; (8112)<br>| &nbsp;&nbsp; 248978 | &nbsp;&nbsp; 9278 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; American Funds Strategic Bond Fund, Class R-6  | 162943 | &nbsp;&nbsp; 2241 | &nbsp;&nbsp; 3297 | &nbsp;&nbsp; (199)<br>| &nbsp;&nbsp; 44 | &nbsp;&nbsp; 161732 | &nbsp;&nbsp; 1678 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; American Funds Multi-Sector Income Fund, Class R-6  | 93228 | &nbsp;&nbsp; 1451 | &nbsp;&nbsp; 7017 | &nbsp;&nbsp; 190 | &nbsp;&nbsp; (377)<br>| &nbsp;&nbsp; 87475 | &nbsp;&nbsp; 1452 | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 1995747 |  |  |
| **Total 100%** |  |  |  | &nbsp;&nbsp; $17523 | &nbsp;&nbsp; $(49600)<br>| &nbsp;&nbsp; $3877706 | &nbsp;&nbsp; $50780 | &nbsp;&nbsp; $104073 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Part of the same "group of investment companies" as the fund as defined under the Investment Company Act of 1940, as amended.

American Funds Target Date Retirement Series — Page 26 of 27

------

**unaudited**

Valuation disclosures

------

**Security valuation** — The net asset value per share of each fund is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open. The net asset value of each share class of each fund is calculated based on the reported net asset values of the underlying funds in which each fund invests. The net asset value of each underlying fund is calculated based on the policies and procedures of the underlying fund contained in each underlying fund's statement of additional information.

**Processes and structure** — The series' board of trustees has designated the series' investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the "Committee") to administer, implement and oversee the fair valuation process, and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser's valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser's global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The series' board and audit committee also regularly review reports that describe fair value determinations and methods.

**Classifications** — The series' investment adviser classifies each fund's assets and liabilities into three levels based on the method used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Level 3 values are based on significant unobservable inputs that reflect the investment adviser's determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. As of <br>January 31, 2026, all of the investment securities held by each fund were classified as Level 1.

**Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.**

**Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the series prospectus and summary prospectuses, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the American Funds website at capitalgroup.com. Fund shares offered through Capital Client Group, Inc.**

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

Capital Client Group, Inc., member FINRA.© 2026 Capital Group. All rights reserved.

MFGEFP1-850-0326

American Funds Target Date Retirement Series — Page 27 of 27

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** American Funds Target Date Retirement Series

- **b. Investment Company Act file number:** 811-21981

- **c. CIK number of Registrant:** 0001380175

- **d. LEI of Registrant:** 549300LHAMB8X3UKXY85

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 333 South Hope Street

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90071

  - **Telephone number:** 9499755000

**Item A.2. Information about the Series.**

- **a. Name of Series:** American Funds 2035 Target Date Retirement Fund

- **b. EDGAR series identifier (if any):** S000015560

- **c. LEI of Series:** 549300KINRER27RKB196

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $55398993618.82

**Total Liabilities:** $38537450.48

**Net Assets:** $55360456168.34

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000042405 | 1.15%                | 0.14%                | 2.06%                |
| Class ID C000042406 | 1.05%                | 0.13%                | 1.98%                |
| Class ID C000042407 | 1.09%                | 0.08%                | 1.98%                |
| Class ID C000042408 | 1.07%                | 0.18%                | 1.99%                |
| Class ID C000042409 | 1.10%                | 0.16%                | 2.07%                |
| Class ID C000042410 | 1.13%                | 0.22%                | 2.04%                |
| Class ID C000078490 | 1.14%                | 0.22%                | 2.05%                |
| Class ID C000135754 | 1.09%                | 0.09%                | 2.01%                |
| Class ID C000135755 | 1.16%                | 0.16%                | 2.03%                |
| Class ID C000135756 | 1.15%                | 0.19%                | 2.06%                |
| Class ID C000148408 | 1.08%                | 0.12%                | 2.01%                |
| Class ID C000164844 | 1.10%                | 0.21%                | 2.02%                |
| Class ID C000179961 | 1.19%                | 0.17%                | 2.11%                |
| Class ID C000189464 | 1.14%                | 0.19%                | 2.06%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $48354490.96             | $517414237.30                              |
| Month 2  | $2200319856.74           | $-2551287283.43                            |
| Month 3  | $153298186.53            | $934555384.77                              |

### Schedule of Portfolio Investments

| Name                                             | Title                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)    | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AMERICAN FUNDS MULTI-SECTOR INCOME FUND (MSI)    | AMERICAN FUNDS MULTI-SECTOR INCOME FUND CL R6 (MSI-R6)    | CUSIP: 02631W771<br>LEI: N/A                  | Long             | EC               | RF                | US        | 164911911 | NS      | $1563364916.46 | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN MUTUAL FUND (AMF)                       | AMERICAN MUTUAL FUND R6 (AMF CL R6)                       | CUSIP: 027681816<br>LEI: N/A                  | Long             | EC               | RF                | US        |  63584383 | NS      | $3864658815.09 | 6.98%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW PERSPECTIVE FUND (NPF)                       | NEW PERSPECTIVE FUND R6 (NPF CL R6)                       | CUSIP: 648018810<br>LEI: N/A                  | Long             | EC               | RF                | US        |  20914060 | NS      | $1515851044.37 | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL WORLD GROWTH & INCOME FUND               | CAPITAL WORLD GROWTH AND INCOME FUND R6 (WGI CL R6)       | CUSIP: 140543810<br>LEI: N/A                  | Long             | EC               | RF                | US        |  52130583 | NS      | $3916049372.50 | 7.07%             |  |  |  | No            |                  1 | On Loan: No      |
| WASHINGTON MUTUAL INVESTORS FUND (WMIF)          | WASHINGTON MUTUAL INVESTORS FUND R6 (WMIF CL R6)          | CUSIP: 939330817<br>LEI: N/A                  | Long             | EC               | RF                | US        |  41342502 | NS      | $2745555559.75 | 4.96%             |  |  |  | No            |                  1 | On Loan: No      |
| GROWTH FUND OF AMERICA (THE)                     | GROWTH FUND OF AMERICA (THE) R6 (GFA CL R6)               | CUSIP: 399874817<br>LEI: VOJHP0RJPD2FRCAXQJ44 | Long             | EC               | RF                | US        |  37007984 | NS      | $3000607312.15 | 5.42%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN FUNDS GLOBAL BALANCED FUND (GBAL)       | AMERICAN FUNDS GLOBAL BALANCED FUND R6 (GBAL CL R6)       | CUSIP: 02629W817<br>LEI: N/A                  | Long             | EC               | RF                | US        |  67462557 | NS      | $2787552848.67 | 5.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN FUNDS GLOBAL INSIGHT FUND               | AMERICAN FUNDS GLOBAL INSIGHT FUND R6 (GIF R6)            | CUSIP: 14020E775<br>LEI: N/A                  | Long             | EC               | RF                | US        |  70889863 | NS      | $2065730606.54 | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| U S GOVERNMENT SECURITIES FUND (GVT)             | U S GOVERNMENT SECURITIES FUND R6 (GVT CL R6)             | CUSIP: 026300814<br>LEI: N/A                  | Long             | EC               | RF                | US        | 228842865 | NS      | $2771287096.93 | 5.01%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESTMENT COMPANY OF AMERICA                    | INVESTMENT COMPANY OF AMERICA (THE) R6 (ICA CL R6)        | CUSIP: 461308819<br>LEI: N/A                  | Long             | EC               | RF                | US        |  32389510 | NS      | $2063211783.37 | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| INCOME FUND OF AMERICA (THE) (IFA)               | INCOME FUND OF AMERICA (THE) R6 (IFA CL R6)               | CUSIP: 453320814<br>LEI: N/A                  | Long             | EC               | RF                | US        |  84142345 | NS      | $2278574713.38 | 4.12%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL GROWTH & INCOME FUND               | INTERNATIONAL GROWTH AND INCOME FUND R6 (IGI CL R6)       | CUSIP: 45956T816<br>LEI: N/A                  | Long             | EC               | RF                | US        |  23823610 | NS      | $1133765589.95 | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN FUNDS INFLATION LINKED BOND (ILBF)      | AMERICAN FUNDS INFLATION LINKED BOND R6 (ILBF CL R6)      | CUSIP: 02630D816<br>LEI: N/A                  | Long             | EC               | RF                | US        | 281773277 | NS      | $2674028400.38 | 4.83%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL INCOME BUILDER (CIB)                     | CAPITAL INCOME BUILDER R6 (CIB CL R6)                     | CUSIP: 140193822<br>LEI: N/A                  | Long             | EC               | RF                | US        |  28212851 | NS      | $2238971853.85 | 4.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN BALANCED FUND (AMBAL)                   | AMERICAN BALANCED FUND R6 (AMBAL CL R6)                   | CUSIP: 024071813<br>LEI: N/A                  | Long             | EC               | RF                | US        | 114901152 | NS      | $4423694348.23 | 7.99%             |  |  |  | No            |                  1 | On Loan: No      |
| SMALLCAP WORLD FUND INC                          | SMALLCAP WORLD FUND INC R6                                | CUSIP: 831681812<br>LEI: N/A                  | Long             | EC               | RF                | US        |  24324178 | NS      | $1922096580.72 | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN FUNDS MORTGAGE (AFMF)                   | AMERICAN FUNDS MORTGAGE R6 (AFMF CL R6)                   | CUSIP: 02630V816<br>LEI: N/A                  | Long             | EC               | RF                | US        | 310334501 | NS      | $2771287096.91 | 5.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL WORLD BOND FUND (WBF)                    | CAPITAL WORLD BOND FUND R6 (WBF CL R6)                    | CUSIP: 140541814<br>LEI: N/A                  | Long             | EC               | RF                | US        |  67647496 | NS      | $1118213114.76 | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN FUNDS EMERGING MARKETS BOND FUND (EMBF) | AMERICAN FUNDS EMERGING MARKETS BOND FUND R6 (EMBF CL R6) | CUSIP: 02631F786<br>LEI: N/A                  | Long             | EC               | RF                | US        |  11531569 | NS      | $95135443.74   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| FUNDAMENTAL INVESTORS                            | FUNDAMENTAL INVESTORS R6 (FI CL R6)                       | CUSIP: 360802813<br>LEI: N/A                  | Long             | EC               | RF                | US        |  30472387 | NS      | $2909503519.16 | 5.26%             |  |  |  | No            |                  1 | On Loan: No      |
| AMCAP FUND                                       | AMCAP FUND R6                                             | CUSIP: 023375819<br>LEI: N/A                  | Long             | EC               | RF                | US        |  68013774 | NS      | $3234735076.60 | 5.84%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN FUNDS STRATEGIC BOND FUND (SBF)         | AMERICAN FUNDS STRATEGIC BOND FUND R6 (SBF CL R6)         | CUSIP: 02631E789<br>LEI: N/A                  | Long             | EC               | RF                | US        | 122701399 | NS      | $1152166135.72 | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BOND FUND OF AMERICA (THE) (BFA)                 | BOND FUND OF AMERICA (THE) R6 (BFA CL R6)                 | CUSIP: 097873814<br>LEI: N/A                  | Long             | EC               | RF                | US        | 100430988 | NS      | $1148930501.98 | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERMEDIATE BOND FUND OF AMERICA                | INTERMEDIATE BOND FUND OF AMERICA R6 (IBFA CL R6)         | CUSIP: 458809811<br>LEI: N/A                  | Long             | EC               | RF                | US        | 152106665 | NS      | $1936317847.75 | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-30

**Name of Applicant:** American Funds Target Date Retirement Series

**Signature:** Scott Lewis

**Name of Signer:** Scott Lewis

**Title:** Compliance Specialist Senior