About FAWTX
American Funds 2060 Target Date Retirement Fund Class F-1 is a target-date mutual fund designed to help investors save for retirement, typically those expecting to retire around the year 2060. The fund’s primary goal is to provide a diversified and actively managed portfolio that evolves over time: it focuses on growth in its early years, then gradually shifts toward income and capital preservation as the retirement date approaches. The fund achieves this by allocating assets among various American Funds, including growth, growth-and-income, equity-income, balanced, and fixed income funds, both in the U.S. and internationally. As of early 2025, the portfolio is heavily weighted toward equities, especially U.S. and global stocks, with increasing exposure to bonds and cash equivalents as the target date draws nearer. Managed by Capital Research and Management Company, the fund seeks to balance total return and risk reduction over a long-term horizon, making it suitable for retirement-focused investors seeking a professionally managed, all-in-one investment solution.
Fund Family Capital Group
Category Target-Date 2060+
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol FAWTX
Share Class Class F-1
Index S&P Target Date 2060 TR USD
FAWTX had a total return of 19.92% in the past year, including dividends.
Since the fund's inception, the average annual return has been 11.78%.
