The American Fds 2020 Target Date Retirement Fd Cl A (AACTX) is a mutual fund that is designed to help investors reach their retirement goals by the year 2020. This fund is part of the American Funds family and is classified as a target date fund, meaning it automatically adjusts its asset allocation as the target date approaches. The "Cl A" in the name indicates that this fund is available for purchase through a financial advisor. AACTX is a well-diversified fund that invests in a mix of stocks, bonds, and other assets to provide a balanced and potentially less risky investment option for those nearing retirement.