Overview
Description
The American Funds 2060 Target Date Retirement Fund Class R-6 is a mutual fund tailored for individuals planning to retire around the year 2060. Its primary objective is to support long-term retirement planning by providing a diversified investment portfolio that automatically adjusts its allocation over time. Early in its lifecycle, the fund emphasizes growth by investing more heavily in equities; as the target retirement date approaches, it gradually shifts toward fixed income, equity-income, and balanced funds to prioritize income and capital preservation. This evolving asset mix aims to balance total return and risk in accordance with the investor’s changing needs. Managed by Capital Research and Management Company, the fund consolidates investments across a range of underlying American Funds, with a significant concentration in its top holdings. The Class R-6 shares are typically offered to institutional investors and feature a low expense ratio, making them particularly cost-efficient for retirement plans. The fund continues to manage and adjust its allocation for decades following the target date, supporting both asset accumulation before retirement and sustainable income and growth during retirement years.
About
Instrument type
Mutual fund
Country
United States
MIC code
XNAS