# American Funds 2040 Trgt Date Retire R3 (RCKTX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/rcktx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Capital Group · Asset class: Series - Strategy: Thematic · Inception: 2007-02-01 As this fund approaches and moves past its target retirement year, it progressively shifts its asset allocation, dedicating a larger portion of its portfolio to more conservative investments like fixed income, equity-income, and balanced funds. The portfolio managers aim to achieve the fund's objectives by strategically investing in a diverse blend of underlying American Funds, employing varied combinations and weightings. These constituent American Funds represent a broad spectrum of categories, including growth-oriented equities, funds focused on both growth and income, dividend-generatin... ## Key Facts | Metric | Value | |---|---| | Price | $24.14 | | Expense Ratio | 1.00% | | Assets Under Management | $52.64B | | NAV | $24.14 | | Holdings Count | 0 | | Distribution Yield (TTM) | 5.37% | | Annual Distribution (TTM) | $1.30 /share | | Distribution Frequency | Annual | | 52-Week Range | $21.55 – $25.13 | | Beta | 1.12 | ## Latest Distribution - Amount: $1.2971 /share - Ex-date: 2025-12-24 - Pay date: 2025-12-26 ## Frequently Asked Questions ### What does RCKTX invest in? As this fund approaches and moves past its target retirement year, it progressively shifts its asset allocation, dedicating a larger portion of its portfolio to more conservative investments like fixed income, equity-income, and balanced funds. The portfolio managers aim to achieve the fund's objectives by strategically investing in a diverse blend of underlying American Funds, employing varied combinations and weightings. These constituent American Funds represent a broad spectrum of categories, including growth-oriented equities, funds focused on both growth and income, dividend-generating equity income portfolios, diversified balanced funds, and various fixed income vehicles, each designed with distinct investment goals and strategies. ### What is the expense ratio of RCKTX? American Funds 2040 Trgt Date Retire R3 (RCKTX) charges an expense ratio of 1.00%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is RCKTX? American Funds 2040 Trgt Date Retire R3 (RCKTX) manages $52.64B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is RCKTX actively managed or an index fund? RCKTX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was RCKTX launched? American Funds 2040 Trgt Date Retire R3 (RCKTX) launched in February 2007 and is managed by Capital Group. ### How has RCKTX performed? RCKTX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does RCKTX pay a dividend? American Funds 2040 Trgt Date Retire R3 (RCKTX) currently distributes little or no income. Trailing-twelve-month yield is 5.37%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does RCKTX pay dividends? American Funds 2040 Trgt Date Retire R3 pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is RCKTX's dividend yield? RCKTX's trailing-twelve-month yield is 5.37%, calculated from the sum of dividends over the past year divided by the current price. ### When is RCKTX's next ex-dividend date? The most recently announced ex-dividend date for RCKTX was 2025-12-24. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will RCKTX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.00% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does RCKTX charge its expense ratio? The expense ratio is deducted in tiny daily slices from RCKTX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does RCKTX cost more than a fund like VOO? RCKTX's strategy (current expense ratio 1.00%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where RCKTX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to RCKTX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as RCKTX (1.00%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/rcktx - Distribution history: https://www.dividenddata.com/funds/rcktx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/rcktx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/rcktx/expenses - Peer comparison: https://www.dividenddata.com/funds/rcktx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.