About RAABX
The American Funds 2070 Target Date Retirement Fund Class R-2 is a mutual fund tailored for individuals planning to retire around the year 2070. As part of the American Funds Target Date Retirement Series, this fund operates as a diversified, professionally managed investment solution, designed to address evolving retirement needs over time. The fund invests in a broad mix of underlying American Funds, including growth, growth-and-income, equity-income, balanced, and fixed income funds, aiming to balance total return and capital preservation. Initially, it emphasizes higher equity exposure to support long-term growth, with a strategic shift toward income generation and capital conservation as the target retirement date approaches and beyond. This gradual adjustment, known as the glide path, is intended to reduce volatility and maintain appropriate risk levels throughout an investor's lifecycle. Notably, the fund maintains equity and fixed income exposure even after the target date, supporting income needs and inflation protection during retirement. Its portfolio prioritizes diversification across U.S. and international equities, bonds, and cash equivalents, managed by an experienced investment team that regularly reviews and adjusts allocations to align with the fund’s objectives.
Fund Family Capital Group
Category Mixed-Asset Target 2060+
Stock Exchange NASDAQ
Ticker Symbol RAABX
Share Class Class R-2
Index Index is not provided by Management Company
RAABX had a total return of 18.03% in the past year, including dividends. Since the fund's
inception, the average annual return has been 17.89%.
