GGTAF Tricolor Stacked Logo (2)

About Great Gray Trust American Funds Series

The Great Gray Trust American Funds Target Date Series, trusteed through Great Gray Trust Company, LLC, is a professionally managed portfolio designed to help you invest for retirement and meet your changing financial needs over time.

Great Gray Trust American Funds Target Date Funds

hiker and dog

How Target Date Funds Work

Investments in the Great Gray Trust American Funds target date series are allocated among a diversified portfolio of stocks and bonds. Investors select a target date fund, typically the one nearest their anticipated retirement date. Over time, that fund's mix of stocks and bonds will shift toward more conservative investments. This gradual shift over time is called a "glidepath."

Here's how it works:

  • Larger allocation to stock investments throughout your investing lifetime can help manage the risk of outliving your savings in retirement.
  • An increased emphasis on bonds as you near your retirement date can help manage the risk of market declines.
  • The fund is managed beyond retirement, so you could possibly use a single fund for decades.
Capital Group American Funds

Glidepath Management

 

Fiduciary to glidepath creation and asset allocation

Underlying active fund management

$2.8T in assets under management1

$346.2 billion in target date assets

flexPATH

Independent Underlying
Fund Selection

 

Fiduciary to underlying investment selection and monitoring

Largest multi-glidepath target date fund manager (90% market share)2

Fastest growing target date fund manager with over $100 billion in AUM2

Robust investment search process

Quantitative research driven by the RPAG Scorecard SystemTM, serving 10M+ plan participants, 120K retirement plans and $1.6T in assets under management3

Qualitative research driven by committee of 6 CFA and 2 CPFA charterholders

Empower

Exclusive to Empower Retirement Plans

 

Empower Fixed Account is incorporated into the glidepath to serve as the lowest volatility capital preservation option, seeking to improve portfolio stability and risk-adjusted returns

The Fund invests in the Empower Fixed Account, a guaranteed investment contract issued by Empower

Simplified administration with a modern technology platform

Approach to Building and Preserving Wealth:


The Series is made up of a mix of underlying American Funds with varying objectives and risk. All of the funds are actively managed, with Capital Group professionals seeking to deliver superior returns while managing risk.


The Series features multi-asset and global funds that empower underlying fund managers to shift between equities and fixed income as well as U.S. and non-U.S. equities in response to market conditions. Certain funds allow market capitalization flexibility as well.


The Series places a greater emphasis on dividend-paying (or equity-income) stocks over time in an effort to provide more equity exposure while managing volatility. This approach can also help manage the risk of outliving your savings by maintaining exposure to equities later in life.


In addition to a focus on asset classes (such as equities and bonds), our Series is built from a mix of funds tied to certain investor objectives of their own.


Bonds funds anchor the glide path by seeking to provide diversification from equities, seeking a degree of inflation protection, capital preservation and income depending on the stage of life.

The Series Features a "Glide Path Within a Glide Path" Approach

Underlying fund allocations by equity yield and fixed income objective seeks to4:

American Funds Glidepath Chart (3)-1
Single Glidepath Allocation Chart
The allocations shown are as of June 30, 2025. These charts represent the strategic asset-allocation progression of one of a series of multi-asset-class portfolios with target retirement dates at five-year intervals. Asset allocations represent the exposures sought at the given number of years before the maturity of the fund and are not actual fund exposures. Allocations are presented for information only and may not represent the actual allocation at the time of investment. Although target date portfolios are managed for investors on a projected retirement date time frame, the allocation strategy does not guarantee that investors' retirement goals will be met.

Select Your Target Date Fund to View Asset Allocation

  • Growth funds: Seeks to increase capital long term through growth-oriented companies.
  • Growth-and-income: Seeks growth of capital and current income through dividend payers.
  • Equity Income: Seeks income and growth through a mix of dividend-paying stocks and bonds.
  • Balanced funds: Seeks long-term growth of capital, conservation of principal and current income through a mix of securities.
  • Diversification from equity: Spreading your investments across different asset classes beyond stocks, such as high-yield bonds and emerging market debt, can help to reduce equity risk and enhance stability.
  • Capital preservation: Strategies focused on protecting your initial investment, often through low-risk options like bonds or stable value funds, to help ensure your principal remains intact.
Use the drop down menus below to select the Vintage. Based on your selections, the pie chart will update to display the current Asset Allocation.

Fund Fact Sheets

Flex Focus Conservative Retirement Fund Class R1  
Flex Focus Conservative 2035 Fund Class R1 Class R2
Flex Focus Conservative 2045 Fund Class R1 Class R2
Flex Focus Conservative 2055 Fund Class R1 Class R2
Flex Focus Conservative 2065 Fund  Class R1  
Flex Focus Moderate Retirement Fund Class R1  
Flex Focus Moderate 2035 Fund Class R1 Class R2
Flex Focus Moderate 2045 Fund Class R1 Class R2
Flex Focus Moderate 2055 Fund Class R1 Class R2
Flex Focus Moderate 2065 Fund Class R1  
Flex Focus Aggressive Retirement Fund Class R1  
Flex Focus Aggressive 2035 Fund Class R1 Class R2
Flex Focus Aggressive 2045 Fund Class R1 Class R2
Flex Focus Aggressive 2055 Fund Class R1 Class R2
Flex Focus Aggressive 2065 Fund Class R1 Class R2
1. Capital Group. AUM is as of March 31, 2025, and includes all share classes and vintages of the American Funds Target Date Retirement Series and all unit classes and vintages of the Capital Group Target Date Retirement Series as well as the Capital Group Target Date Retirement Blend Series.

You are about to leave flexPATH Strategies website and be redirected to the Fund Fact Sheets of Great Gray Trust.

Do you want to continue?

No Yes
2. Source: Sway Research Report, 2025. Target Date Fund (TDF). flexPATH was named the fastest growing amongst providers that had >$1B AUM at the end of year 2021. No compensation was paid by or to the advisor, directly or indirectly in connection with obtaining or using the rating. flexPATH Strategies assets as of 08/11/2025.
3. https://www.rpag.com/
4. Key Comparisons between CITs and Mutual Funds CITs are tax-qualified investments primarily restricted to the retirement market so investors tend to have a longer-term horizon and the trustee can make investment decisions without tax considerations. Mutual funds are not subject to these investor limits or investment horizons, and must distribute substantially all of their taxable net gains and income to investors. CIT expense structures can be customized to investor channels. Mutual funds generally have less fee flexibility. CITs tend to have lower administrative, marketing and distribution costs than mutual funds due to the differences in how they can be sold and to whom. CITs are maintained by a bank as trustee and are subject to federal or state banking regulation and ERISA fiduciary standards. Mutual funds are managed by registered investment advisers and are subject to extensive SEC regulation and public disclosure and reporting requirements. Both CITs and mutual funds are generally priced and traded daily, subject to annual financial audits, and benefit from their pooled structure that aggregates investor funds and can provide greater diversification than individual accounts. Expense Ratios: The net expense ratio reflects the effective rate applicable as of the last quarter-end after taking into account Underlying Fund Fees (if any), applicable fee waivers (if any) and determined under a tiered pricing schedule (if applicable). To the extent the actual rates and fees may vary based on the allocation of Fund assets among underlying investments, changes in fee waivers, or changes in the amount of Fund assets, this amount represents a reasonable, good faith estimate of the current charges. For additional information on Underlying Fund Fees, fee waivers, applicable tiered pricing schedules and a description of the Fund’s annual operating expenses, or expense ratio, you may request a free copy of the Fund Declaration by emailing fundaccountingclientsvcs@greatgray.com or calling 866-427-6885. Please also refer to the quarterly Fact Sheet (which will be available after the Funds have quarterly performance to report) at go.greatgray.com/fact-sheet for additional details on the fees and expenses of the Fund. Relationship among Great Gray, RPAG and flexPATH: Retirement Plan Advisory Group, LLC (“RPAG”) provides technology, solutions and services for a fee to its customers, who are primarily retirement plan advisors and associated institutions. The services include ratings of various third-party investment vehicles based on RPAG’s proprietary quantitative and qualitative scoring methodology. The investment vehicles do not pay to be evaluated and scored; nor do the companies that provide services to the investment vehicles pay for them to be evaluated and scored, but those companies may have commercial relationships and affiliations with RPAG. Great Gray Collective Investment Funds: Great Gray Trust Company, LLC (“Great Gray”) serves as trustee and provides administrative services for collective investment trust funds (“Great Gray CITs”) that are scored by RPAG, and flexPATH Strategies, LLC (“flexPATH”) sub-advises some of those Great Gray CITs. Great Gray and RPAG are wholly owned by Great Gray Group, LLC (“Great Gray Group”), which also has an indirect, non-controlling, minority equity investment in flexPATH, but Great Gray Group does not have the power, directly or indirectly, to direct flexPATH’s management or policies. Great Gray and flexPATH have commercial relationships with RPAG that do not involve the evaluation and scoring of Great Gray CITs. Great Gray Trust Company, LLC Collective Investment Funds (“Great Gray Funds”) are bank collective investment funds; they are not mutual funds. Great Gray Trust Company, LLC serves as the Trustee of the Great Gray Funds and maintains ultimate fiduciary authority over the management of, and investments made in, the Great Gray Funds. flexPATH Strategies, LLC has been hired by the Trustee to assist in managing the Great Gray Funds. Great Gray Funds and their units are exempt from registration under the Investment Company Act of 1940 and the Securities Act of 1933, respectively. However, the Trustee maintains ultimate authority over the Fund. Investments in the Great Gray Funds are not bank deposits or obligations of and are not insured or guaranteed by Great Gray Trust Company, LLC, any bank, the FDIC, the Federal Reserve, or any other governmental agency. The Great Gray Funds are commingled investment vehicles, and as such, the values of the underlying investments will rise and fall according to market activity; it is possible to lose money by investing in the Great Gray Funds.Participation in Collective Investment Trust Funds is limited primarily to qualified retirement plans and certain state or local government plans and is not available to IRAs, non-governmental health and welfare plans and, in certain cases, Keogh (H.R. 10) plans. Collective Investment Trust Funds may be suitable investments for plan fiduciaries seeking to construct a well-diversified retirement savings program. Investors should consider the investment objectives, risks, charges, and expenses of any pooled investment fund carefully before investing. The Additional Fund Information and Principal Risk Definitions (PRD) contains this and other information about a Collective Investment Trust Fund and is available at www.greatgray.com/principalriskdefinitions or ask for a free copy by contacting Great Gray Trust Company, LLC at (866) 427-6885.Great Gray® and Great Gray Trust Company are service marks used in connection with various fiduciary and non-fiduciary services offered by Great Gray Trust Company, LLC.©2025 Great Gray Trust Company, LLC. All rights reserved.