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.
Fund Family Capital Group
Category Target-Date 2060+
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol FBKTX
Share Class Class F-2
Index S&P Target Date 2060 TR USD
FBKTX had a total return of 9.08% in the past year, including dividends. Since the fund's
inception, the average annual return has been 11.45%.
