About RDKTX
The American Funds 2060 Target Date Retirement Fund Class R-4 is a target-date mutual fund designed to help investors save for retirement with a projected retirement year around 2060. Its primary function is to offer a diversified, professionally managed portfolio that automatically adjusts its asset allocation over time. Early in the investment period, the fund emphasizes growth by maintaining a higher allocation to equities, including significant exposure to both U.S. and international stocks across sectors such as information technology, health care, and consumer discretionary. As the target date approaches, the fund gradually increases its allocation to more conservative investments like fixed income, equity-income, and balanced funds, aiming to provide income and preserve capital for retirees.
Managed by Capital Research and Management Company, the fund employs a glide path strategy, reallocating assets to balance total return and risk as participants near retirement. This makes it suitable for individuals seeking a single, turnkey investment solution that evolves with their retirement timeline. The fund plays a key role in workplace retirement plans and personal retirement portfolios, helping investors navigate market changes while preparing for future income needs.
Fund Family Capital Group
Category Target-Date 2060+
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol RDKTX
Share Class Class R-4
Index S&P Target Date 2060 TR USD
RDKTX had a total return of 15.12% in the past year, including dividends. Since the fund's
inception, the average annual return has been 11.49%.
