American Funds 2060 Target Date Retirement Fund (RBENX)
| Fund Assets | 18.07B |
| Expense Ratio | 1.19% |
| Min. Investment | $250 |
| Turnover | 5.00% |
| Dividend (ttm) | 0.47 |
| Dividend Yield | 2.24% |
| Dividend Growth | 68.16% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 26, 2024 |
| Previous Close | 20.92 |
| YTD Return | 19.09% |
| 1-Year Return | 15.13% |
| 5-Year Return | 56.21% |
| 52-Week Low | 15.58 |
| 52-Week High | 21.01 |
| Beta (5Y) | n/a |
| Holdings | 18 |
| Inception Date | Mar 27, 2015 |
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.
Performance
RBENX had a total return of 15.13% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.40%.
Top 10 Holdings
79.55% of assets| Name | Symbol | Weight |
|---|---|---|
| American Funds New Perspective R6 | RNPGX | 9.88% |
| American Funds SMALLCAP World R6 | RLLGX | 9.84% |
| American Funds Fundamental Invs R6 | RFNGX | 9.00% |
| American Funds New World R6 | RNWGX | 8.01% |
| American Funds Capital World Gr&Inc R6 | RWIGX | 8.00% |
| American Funds Washington Mutual R6 | RWMGX | 8.00% |
| American Funds AMCAP R6 | RAFGX | 6.97% |
| American Funds Growth Fund of Amer R6 | RGAGX | 6.97% |
| American Funds Invmt Co of Amer R6 | RICGX | 6.85% |
| American Funds American Balanced R6 | RLBGX | 6.01% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 26, 2024 | $0.4695 | Dec 27, 2024 |
| Dec 22, 2023 | $0.2792 | Dec 26, 2023 |
| Dec 23, 2022 | $0.7669 | Dec 27, 2022 |
| Dec 27, 2021 | $0.5491 | Dec 28, 2021 |
| Dec 28, 2020 | $0.3496 | Dec 29, 2020 |
| Dec 30, 2019 | $0.3998 | Dec 31, 2019 |