About RHKTX
American Funds 2060 Target Date Retirement Fund Class R-5E is a target-date mutual fund designed for individuals planning to retire around the year 2060. The fund’s primary objective is to provide a diversified investment solution that seeks growth, income, and conservation of capital, adjusting its asset allocation over time as the target retirement date approaches. Early in its lifecycle, the fund emphasizes growth through a higher allocation to U.S. and non-U.S. equities, notably in sectors such as information technology, industrials, and financials. As retirement nears, the fund progressively increases its holdings in fixed income, equity-income, and balanced funds, aiming to enhance stability and manage risk for investors entering retirement. Managed by Capital Research and Management Company, the strategy incorporates a broad selection of underlying American Funds, blending large and small-cap stocks, international exposure, and high-quality bonds. With a relatively low expense ratio and disciplined management, this fund serves as a convenient, all-in-one investment option for retirement savers seeking a portfolio that evolves with their changing financial needs.
Fund Family Capital Group
Category Target-Date 2060+
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol RHKTX
Share Class Class R-5e
Index S&P Target Date 2060 TR USD
RHKTX had a total return of 9.01% in the past year, including dividends. Since the fund's
inception, the average annual return has been 11.39%.
