About RBENX
American Funds 2060 Target Date Retirement Fund Class R-2E is an open-end mutual fund designed to serve investors planning to retire around the year 2060. Its primary purpose is to offer a single, diversified solution that automatically adjusts asset allocations over time. Early in its lifecycle, the fund emphasizes growth through higher exposure to equities, aiming to build significant capital for long-term investors. As the target retirement date approaches, the fund transitions toward a more conservative allocation by gradually increasing its holdings in fixed income, equity-income, and balanced funds, with the goal of providing greater income and capital preservation for retirees.
The fund is managed by Capital Research and Management Company, which leverages extensive market research and risk management expertise to support the fund’s objectives. Notable features include a focus on balancing growth, income, and conservation of capital, as well as annual distributions and a diversified portfolio comprised primarily of other American Funds. The fund is suitable for individuals seeking an all-in-one retirement investment solution that evolves alongside their changing financial needs, and it plays a significant role in the target-date fund segment by streamlining retirement planning for long-term investors.
Fund Family Capital Group
Category Target-Date 2060+
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol RBENX
Share Class Class R-2e
Index S&P Target Date 2060 TR USD
RBENX had a total return of 19.20% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.31%.
