About REMTX
The American Funds 2060 Target Date Retirement Fund R-5 is a diversified mutual fund designed to help investors save for retirement with a target date around the year 2060. It operates as a target-date fund, dynamically adjusting its asset allocation over time to align with the shifting needs of participants as they approach and enter retirement. In its early years, the fund emphasizes growth through a broad mix of U.S. and international equities, complemented by smaller allocations to bonds and cash equivalents. As the target date nears, it gradually increases investment in fixed income, equity-income, and balanced assets to support income generation and capital preservation.
The fund invests in a wide array of sectors, including information technology, industrials, financials, healthcare, and consumer discretionary, ensuring broad market exposure and risk diversification. Managed by Capital Group, one of the oldest and largest investment management firms in the U.S., the fund leverages active management and thorough research in portfolio construction. Its role in the financial market is to provide a single-fund solution that evolves over time, making it suitable for investors seeking a hands-off, lifecycle-based approach to long-term retirement investing.
Fund Family Capital Group
Category Target-Date 2060+
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol REMTX
Share Class Class R-5
Index S&P Target Date 2060 TR USD
REMTX had a total return of 12.96% in the past year, including dividends. Since the fund's
inception, the average annual return has been 11.85%.
