American Funds 2060 Target Date Retirement Fund Class F-1
FAWTX
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- American Funds 2060 Target Date Retirement Fund Class F-1 (FAWTX) is a target date mutual fund managed by Capital Research and Management Company that seeks growth, income, and conservation of capital depending on proximity to its 2060 target retirement date; the fund allocates assets across a portfolio of underlying American Funds, gradually shifting from growth-oriented to income- and conservation-focused investments as the target date approaches and for 30 years beyond. Core holdings include growth funds such as AMCAP Fund (7.0%), The Growth Fund of America (7.0%), New Perspective Fund (9.8%), SMALLCAP World Fund (9.8%), New World Fund (8.0%), The New Economy Fund (5.0%), EUPAC Fund (2.0%), and American Funds Global Insight Fund (0.4%); growth-and-income funds such as Fundamental Investors (9.0%), Capital World Growth and Income Fund (8.0%), Washington Mutual Investors Fund (7.9%), The Investment Company of America (6.8%), and American Mutual Fund (5.1%); equity-income/balanced funds (8.0%); and bond funds (6.0%), with approximate allocations of 61.4% U.S. equities, 26.9% non-U.S. equities, 6.4% U.S. bonds, 1.6% non-U.S. bonds, and cash equivalents as of October 31, 2025. The fund, which began operations on March 27, 2015, is domiciled in the United States with headquarters at Capital Research and Management Company, 333 South Hope Street, Los Angeles, California; it targets investors planning retirement around 2060, maintaining low portfolio turnover at 5% in 2024, assets under management of $18.4 billion as of October 31, 2025, and a net expense ratio of 0.75%. It is available to retirement plan participants and others with a minimum initial investment of $250, paying regular dividends and capital gains annually in December. Recent portfolio oversight reflects continuity with an experienced management team including Wesley Phoa (since inception), David Hoag, Samir Mathur, Michelle Black, Shannon Ward, Jessica Spaly, Raj Paramaguru, and Will Robbins, all with the fund as of 2024-2025; the prospectus was updated January 1, 2025, and 2024 distributions included a regular income dividend of $0.1448 per share and long-term capital gains of $0.3883 per share paid December 27, 2024, with fiscal year-end October 31. No major acquisitions, partnerships, funding rounds, name changes, or strategic shifts have been announced for the fund in the last 1-2 years.