American Funds 2060 Target Date Retirement Fund (FBKTX)
| Fund Assets | 17.61B |
| Expense Ratio | 0.48% |
| Min. Investment | $250 |
| Turnover | 5.00% |
| Dividend (ttm) | 0.59 |
| Dividend Yield | 2.82% |
| Dividend Growth | 58.45% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 26, 2024 |
| Previous Close | 20.82 |
| YTD Return | 17.00% |
| 1-Year Return | 18.91% |
| 5-Year Return | 73.19% |
| 52-Week Low | 15.90 |
| 52-Week High | 20.94 |
| Beta (5Y) | n/a |
| Holdings | 18 |
| Inception Date | Mar 27, 2015 |
About FBKTX
The American Funds 2060 Target Date Retirement Fund Class F-2 is a target date mutual fund designed primarily for individuals who plan to retire around the year 2060. Its core purpose is to provide a streamlined, all-in-one investment solution that adjusts its asset allocation over time to address investors’ changing needs as they approach and move through retirement. Early in its lifecycle, the fund emphasizes growth by allocating a significant portion of assets to equities. As the target date nears, it gradually shifts toward a more conservative mix, increasing its exposure to fixed income, equity-income, and balanced funds to support income generation and capital preservation. The fund is composed of a diversified portfolio of underlying American Funds, providing exposure to both domestic and international stocks, as well as bonds and other asset classes. This diversified approach aims to balance risk and return, while the automatic glide path adjustment helps reduce the need for hands-on management by the investor. Managed by Capital Research and Management Company, one of the industry’s established firms, the fund serves as a foundational component for retirement planning, offering a prudent strategy for individuals seeking a hassle-free investment path toward their long-term financial goals.
Performance
FBKTX had a total return of 18.91% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.66%.
Top 10 Holdings
79.82% of assets| Name | Symbol | Weight |
|---|---|---|
| American Funds SMALLCAP World R6 | RLLGX | 9.91% |
| American Funds New Perspective R6 | RNPGX | 9.89% |
| American Funds Fundamental Invs R6 | RFNGX | 9.08% |
| American Funds New World R6 | RNWGX | 8.00% |
| American Funds Washington Mutual R6 | RWMGX | 7.97% |
| American Funds Capital World Gr&Inc R6 | RWIGX | 7.97% |
| American Funds Growth Fund of Amer R6 | RGAGX | 7.02% |
| American Funds AMCAP R6 | RAFGX | 7.02% |
| American Funds Invmt Co of Amer R6 | RICGX | 6.96% |
| American Funds American Balanced R6 | RLBGX | 5.99% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 26, 2024 | $0.5869 | Dec 27, 2024 |
| Dec 22, 2023 | $0.3704 | Dec 26, 2023 |
| Dec 23, 2022 | $0.8622 | Dec 27, 2022 |
| Dec 27, 2021 | $0.6601 | Dec 28, 2021 |
| Dec 28, 2020 | $0.4361 | Dec 29, 2020 |
| Dec 30, 2019 | $0.4739 | Dec 31, 2019 |