About RANTX
The American Funds 2060 Target Date Retirement Fund Class R-1 is a target date mutual fund designed primarily for investors planning to retire around the year 2060. Managed by Capital Research and Management Company, the fund pursues a dynamic investment strategy that evolves over time. In its early decades, the fund maintains a stronger focus on growth by investing heavily in a diversified mix of global equities, spanning sectors such as information technology, industrials, financials, and health care. As the target retirement date approaches, the fund progressively shifts its allocation towards fixed income, equity-income, and balanced funds to prioritize income generation and capital preservation, aiming to reduce risk and volatility for soon-to-be retirees. The portfolio draws from a broad selection of underlying American Funds, enabling diversified exposure across both U.S. and international markets. This lifecycle approach allows investors a simplified, all-in-one solution for retirement saving, with investment professionals continuously managing the asset mix to balance growth potential and stability as retirement nears and extends beyond 2060.
Fund Family Capital Group
Category Target-Date 2060+
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol RANTX
Share Class Class R-1
Index S&P Target Date 2060 TR USD
RANTX had a total return of 17.36% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.97%.
