14 important things you should know about American Funds CCETX mutual fund

Updated: June 28, 2020
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Before we start: if you’re looking for CCETX “stock” price, you can quickly find it out by visiting Finny and typing "CCETX quote". If you’re looking for a quick scoop on CCETX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "CCETX". You’ll get all this info in one place.

Are you looking to buy or sell CCETX? Or perhaps you’re looking for CCETX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this CCETX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: CCETX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: CCETX buy or sell; the pros and cons of investing in CCETX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to CCETX.

And here is the list of questions we’ll answer:

  1. Describe American Funds Target Date Retirement Series: American Funds 2030 Target Date Retirement Fund; Class C Shares (CCETX).
  2. What are CCETX holdings?
  3. What is CCETX performance? What are CCETX historical returns?
  4. How many up and down years did CCETX have historically?
  5. What is CCETX dividend yield?
  6. What is CCETX minimum initial investment amount?
  7. What is CCETX expense ratio?
  8. Does CCETX have any sales loads or 12b-1 distribution expenses?
  9. What is CCETX tax efficiency (tax-cost ratio)?
  10. What is CCETX beta? How would you assess CCETX risk?
  11. What is CCETX Sharpe ratio?
  12. What is CCETX Finny Score? CCETX buy or sell?
  13. What are the pros of investing in CCETX? What are CCETX buy reasons?
  14. What are the cons of investing in CCETX? What are CCETX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe American Funds Target Date Retirement Series: American Funds 2030 Target Date Retirement Fund; Class C Shares (CCETX).

The Fund seeks to provide for investors that plan to retire in 2030. Depending on its proximity to its target date, the Fund will seek to achieve the following: growth, income and conservation of capital. Each Fund will attempt to achieve its investment objectives by investing in a mix of American Funds.

2. What are CCETX top holdings?

CCETX has 0 stock holdings and 0 bond holdings.

The top 10 holdings represent 60.89% of total assets. Here are the top holdings:

Name Symbol % Assets
American Funds Washington Mutual R6 RWMGX 7.92%
American Funds Invmt Co of Amer R6 RICGX 7.01%
American Funds US Government Sec R6 RGVGX 6.89%
American Funds American Mutual R6 RMFGX 6.04%
American Funds Global Balanced R6 RGBGX 6.02%
American Funds American Balanced R6 RLBGX 6.01%
American Funds Fundamental Invs R6 RFNGX 5.98%
American Funds Capital World Gr&Inc R6 RWIGX 5.03%
American Funds New Perspective R6 RNPGX 5.03%
American Funds Mortgage R6 RMAGX 4.96%

3. What is CCETX performance? What are CCETX historical returns?

CCETX has generated the following returns:

  • 1-month return is 3.53%;
  • 3-month return is -7.50%;
  • 1-year return is 2.42%;
  • 3-year return is 5.12%;
  • 5-year return is 4.84%;
  • 10-year return is 7.95%.

4. How many up and down years did CCETX have historically?

In the last 10 years, CCETX had 7 up years and 3 down years.

5. What is CCETX dividend yield?

CCETX yield is 0.7%.

6. What is CCETX minimum initial investment amount?

CCETX minimum initial investment amount is $1.00K.

7. What is CCETX expense ratio?

CCETX expense ratio is 1.45%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

8. Does CCETX have any sales loads or 12b-1 distribution expenses?

CCETX 12b-1 distribution fee is 1. CCETX front-end sales load is 0. CCETX back-end sales load is 1.

9. What is CCETX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 0.9%;
  • 3-year ax cost ratio is 0.74%.

10. What is CCETX beta? How would you assess CCETX risk?

  • 3-year beta is 1.03;
  • 5-year beta is 1.09;
  • 10-year beta is 1.22.

11. What is CCETX Sharpe ratio?

  • 3-year Sharpe ratio is 0.17;
  • 5-year Sharpe ratio is 0.31;
  • 10-year Sharpe ratio is 0.64.

Analysis

12. What is CCETX Finny Score? CCETX buy or sell?

CCETX Finny Score is 43. Our quantitative analysis shows 3 reasons to buy CCETX and 4 reasons to sell it, resulting in the Finny Score of 43.

13. What are the pros of investing in CCETX? What are CCETX buy reasons?

The following are CCETX strengths from our perspective:

  • CCETX 3-year return is 5.12%, which is higher than the 3-year return of the benchmark index (S&P Target Date Through 2030 TR), 4.26%.
  • CCETX 5-year return is 4.84%, which is higher than the 5-year return of the benchmark index (S&P Target Date Through 2030 TR), 4.62%.
  • CCETX 10-year return is 7.95%, which is in line with the 10-year return of the benchmark index (S&P Target Date Through 2030 TR), 8.32%.

14. What are the cons of investing in CCETX? What are CCETX negatives?

The following are CCETX weaknesses from our perspective:

  • CCETX net assets are $199.30 million. This fund is not a popular choice with retail investors.
  • Warning: this fund has a 12b1 and deferred sales fee. The maximum 12b1 fee is 1%, while the maximum deferred sales load is 1%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Deferred sales load is a back-end sales charge and is imposed when an investor redeems shares.
  • CCETX expense ratio is 1.45%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • CCETX 10-year Beta is 1.22, which is higher than the index (Morningstar Mod Tgt Risk TR USD) 10-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 10 years.
In the CCETX review, we covered CCETX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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