About RCNTX
The American Funds 2060 Target Date Retirement Fund Class R-3 is a diversified mutual fund specifically designed to help investors plan for retirement around the year 2060. As a target date fund, it follows a "glide path" strategy, shifting its asset allocation gradually from a focus on capital growth to a greater emphasis on income and capital preservation as the target retirement year approaches. The fund incorporates a blend of domestic and international equities, making up the majority of its assets, alongside lesser allocations to U.S. and non-U.S. bonds, and cash or equivalents.
Managed by a team of investment professionals, the portfolio invests in a range of underlying funds across multiple sectors, including major exposures to information technology, industrials, financials, and healthcare. This structure offers broad diversification both by asset class and geography. The fund seeks to deliver a balance of growth, income, and capital conservation over time, adjusting its allocations to align with the evolving risk tolerance expected as investors move closer to their planned retirement date. Its role in the financial market is to provide a single, managed solution for retirement savers seeking professional allocation and risk management through all phases of their investment horizon.
Fund Family Capital Group
Category Target-Date 2060+
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol RCNTX
Share Class Class R-3
Index S&P Target Date 2060 TR USD
RCNTX had a total return of 18.84% in the past year, including dividends.
Since the fund's inception, the average annual return has been 11.46%.
