American Funds 2050 Target Date Retirement Fund® Class F-2 (FBITX)
| Fund Assets | 35.89B |
| Expense Ratio | 0.47% |
| Min. Investment | $250 |
| Turnover | 5.00% |
| Dividend (ttm) | 0.74 |
| Dividend Yield | 3.22% |
| Dividend Growth | 53.85% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 26, 2024 |
| Previous Close | 23.08 |
| YTD Return | 10.81% |
| 1-Year Return | 13.48% |
| 5-Year Return | 70.97% |
| 52-Week Low | 18.58 |
| 52-Week High | 23.15 |
| Beta (5Y) | n/a |
| Holdings | 19 |
| Inception Date | Feb 21, 2014 |
About FBITX
The American Funds 2050 Target Date Retirement Fund F-2 is a diversified mutual fund designed to support investors planning to retire around the year 2050. As a target-date retirement fund, its primary purpose is to provide a single, professionally managed solution that dynamically adjusts its asset allocation over time. Early in its lifecycle, the fund emphasizes capital growth by allocating a significant portion of its assets to equities, including both domestic and international stocks, with exposure to large-cap and small-cap segments through underlying American Funds portfolios. As the target retirement year approaches, the fund gradually reallocates toward more conservative investments, increasing its holdings in fixed income, equity-income, and balanced funds to prioritize income and capital preservation. This fund is notable for its broad diversification across asset classes and geographic regions, aiming to balance return potential with risk management. Managed by Capital Research and Management Company, the fund benefits from active oversight and a glide path strategy that reduces equity exposure as investors near and move through retirement. Its structure is tailored for individuals seeking an adaptable investment that evolves to meet changing retirement needs, making it a cornerstone vehicle for retirement planning within the American Funds Target Date Retirement Series.
Performance
FBITX had a total return of 13.48% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.80%.
Top 10 Holdings
73.84% of assets| Name | Symbol | Weight |
|---|---|---|
| American Funds New Perspective Fund® Class R-6 | RNPGX | 8.88% |
| American Funds SMALLCAP World Fund® Class R-6 | RLLGX | 7.96% |
| American Funds Fundamental Investors® Class R-6 | RFNGX | 7.94% |
| American Funds Washington Mutual Investors Fund Class R-6 | RWMGX | 7.88% |
| American Funds American Balanced Fund® Class R-6 | RLBGX | 7.05% |
| American Funds Capital World Growth and Income Fund® Class R-6 | RWIGX | 7.04% |
| American Funds The Growth Fund of America® Class R-6 | RGAGX | 7.03% |
| American Funds American Mutual Fund® Class R-6 | RMFGX | 7.02% |
| American Funds AMCAP Fund® Class R-6 | RAFGX | 6.96% |
| American Funds New World Fund® Class R-6 | RNWGX | 6.08% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 26, 2024 | $0.740 | Dec 27, 2024 |
| Dec 22, 2023 | $0.481 | Dec 26, 2023 |
| Dec 23, 2022 | $1.160 | Dec 27, 2022 |
| Dec 27, 2021 | $0.9545 | Dec 28, 2021 |
| Dec 28, 2020 | $0.6259 | Dec 29, 2020 |
| Dec 30, 2019 | $0.714 | Dec 31, 2019 |