American Funds 2070 Trgt Date Retire R5E (RAAJX)
| Fund Assets | 298.39M |
| Expense Ratio | n/a |
| Min. Investment | $250 |
| Turnover | 7.00% |
| Dividend (ttm) | 0.08 |
| Dividend Yield | 0.60% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 26, 2024 |
| Previous Close | 12.86 |
| YTD Return | 13.88% |
| 1-Year Return | n/a |
| 5-Year Return | n/a |
| 52-Week Low | 9.68 |
| 52-Week High | 12.90 |
| Beta (5Y) | n/a |
| Holdings | 16 |
| Inception Date | May 3, 2024 |
About RAAJX
The American Funds 2070 Target Date Retirement Fund is a professionally managed mutual fund designed for investors planning to retire around the year 2070. As a target date fund, it aims to provide a diversified investment solution that automatically adjusts its asset allocation over time, shifting from growth-oriented investments to more conservative options as the target retirement date approaches. The fund's strategy involves gradually increasing its emphasis on income and capital preservation by allocating a greater portion of assets to fixed income, equity-income, and balanced funds as the target year draws near. This adjustment is guided by a committee of investment professionals with extensive experience, who also invest their own money in these funds. The American Funds 2070 Target Date Retirement Fund plays a significant role in retirement planning, offering investors a straightforward way to access a broad mix of global asset classes, manage market volatility, and pursue long-term financial goals without the need for active portfolio rebalancing.
Top 10 Holdings
79.98% of assets| Name | Symbol | Weight |
|---|---|---|
| American Funds New Perspective R6 | RNPGX | 10.00% |
| American Funds SMALLCAP World R6 | RLLGX | 9.95% |
| American Funds Fundamental Invs R6 | RFNGX | 9.02% |
| American Funds Capital World Gr&Inc R6 | RWIGX | 7.98% |
| American Funds New World R6 | RNWGX | 7.98% |
| American Funds Washington Mutual R6 | RWMGX | 7.98% |
| American Funds Growth Fund of Amer R6 | RGAGX | 7.03% |
| American Funds Invmt Co of Amer R6 | RICGX | 7.02% |
| American Funds AMCAP R6 | RAFGX | 7.01% |
| American Funds American Balanced R6 | RLBGX | 6.01% |