American Funds 2070 Trgt Date Retire R6 (RFBFX)
| Fund Assets | 200.62M |
| Expense Ratio | n/a |
| Min. Investment | $250 |
| Turnover | 7.00% |
| Dividend (ttm) | 0.08 |
| Dividend Yield | 0.67% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 26, 2024 |
| Previous Close | 12.15 |
| YTD Return | 8.98% |
| 1-Year Return | n/a |
| 5-Year Return | n/a |
| 52-Week Low | 9.69 |
| 52-Week High | 12.30 |
| Beta (5Y) | n/a |
| Holdings | 16 |
| Inception Date | May 3, 2024 |
About RFBFX
The American Funds 2070 Target Date Retirement Fund R6 is an open-end mutual fund specifically designed to support long-term retirement savings for individuals planning to retire around the year 2070. Managed by Capital Research and Management Company, the fund employs a diversified investment strategy that initially emphasizes growth through a broad allocation to equities. Over time, the asset mix gradually shifts according to a predetermined glide path, transitioning toward a higher allocation of fixed income and income-generating investments as the target retirement date approaches. This progression seeks to balance the goals of asset growth in early years with increased capital preservation and income generation nearer and beyond retirement. The fund’s structure leverages a collection of underlying American Funds portfolios to offer exposure across various sectors and geographic regions, aiming for risk reduction through broad diversification. Notably, the series places greater emphasis on equities—particularly dividend-paying stocks—than some comparable target date funds, with the intention of managing longevity risk for investors. The R6 share class is tailored for institutional retirement plans, offering a competitive expense ratio and omitting loads or distribution fees. The American Funds 2070 Target Date Retirement Fund R6 plays a key role in employer-sponsored retirement plans, providing a professionally managed, all-in-one investment solution that adapts over an individual’s savings lifecycle.
Top 10 Holdings
80.00% of assets| Name | Symbol | Weight |
|---|---|---|
| American Funds New Perspective Fund® Class R-6 | RNPGX | 10.01% |
| American Funds SMALLCAP World Fund® Class R-6 | RLLGX | 9.99% |
| American Funds Fundamental Investors® Class R-6 | RFNGX | 8.99% |
| American Funds New World Fund® Class R-6 | RNWGX | 8.01% |
| American Funds Washington Mutual Investors Fund Class R-6 | RWMGX | 8.01% |
| American Funds Capital World Growth and Income Fund® Class R-6 | RWIGX | 7.99% |
| American Funds AMCAP Fund® Class R-6 | RAFGX | 7.01% |
| American Funds Investment Company of America® Class R-6 | RICGX | 7.00% |
| American Funds The Growth Fund of America® Class R-6 | RGAGX | 6.99% |
| American Funds American Balanced Fund® Class R-6 | RLBGX | 6.00% |