American Funds 2060 Target Date Retirement Fund
AANTX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Los Angeles, CA 90071 Los Angeles CA United States of America 90071
- IPO Date
- Mar 27, 2015
- CIK
- 0001380175
- Website
- capitalgroup.com
- Similar Companies
- Business
- American Funds 2060 Target Date Retirement Fund (Class A | AANTX), managed by Capital Group, operates as a target date mutual fund designed for investors expecting to retire around 2060. The fund seeks growth, income, and conservation of capital by dynamically adjusting its asset allocation based on proximity to the target date; it currently maintains approximately 61.2% in U.S. equities, 27.3% in non-U.S. equities, 6.4% in U.S. bonds, 1.5% in non-U.S. bonds, and the remainder in cash equivalents, with sector emphases including information technology (25.4%), industrials (13.1%), and financials (11.5%). It achieves this through investments in a portfolio of underlying American Funds, encompassing equity funds like The Growth Fund of America, The Investment Company of America, and New Perspective Fund; equity-income funds such as American Mutual Fund and American Balanced Fund; fixed-income funds including The Bond Fund of America and Intermediate Bond Fund of America; and multi-sector bond funds like Capital World Bond Fund. The fund offers Class A shares with a minimum initial investment of $250, an expense ratio of 0.73% (including 0.38% acquired fund fees and expenses, 0.25% 12b-1 service fees), and quarterly portfolio turnover of 5% as of 2024; regular dividends and capital gains are paid in December, with 2024 distributions totaling $0.5448 per share ($0.1565 income dividend and $0.3883 long-term capital gains). Launched on March 27, 2015, and headquartered in Los Angeles, California, as part of Capital Research and Management Company's American Funds Target Date Retirement Series, the fund serves retirement plans, individual investors, and institutional clients primarily in the United States, with global exposure through its underlying funds' international holdings across developed and emerging markets. Recent developments include a prospectus update effective January 1, 2025, reflecting ongoing portfolio adjustments and fee structures amid market conditions; the fund maintained strong asset growth to $18.4 billion as of October 31, 2025, supported by below-average risk ratings and competitive performance versus the S&P Target Date 2060 Index, including a 10-year Sharpe ratio of 0.68 and beta of 0.86. The fund is overseen by a team of experienced portfolio managers, including David Hoag (5 years tenure), Samir Mathur (5 years), Raj Paramaguru (1 year), Wesley Phoa (10 years), and others, ensuring active management across 2,653+ companies and issuers as of late 2025.