American Funds 2045 Target Date Retirement Fund Class R-2
RBHTX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
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
- Feb 2, 2007
- CIK
- 0001380175
- Website
- americanfunds.com
- Similar Companies
- Business
- American Funds 2045 Target Date Retirement Fund Class R-2 (RBHTX) is an open-end mutual fund within the American Funds Target Date Retirement Series offered by Capital Research and Management Company, a division of Capital Group Companies, Inc. The fund, which commenced operations on February 1, 2007, seeks growth, income, and conservation of capital based on proximity to its 2045 target date; it invests primarily in a portfolio of other American Funds, including growth, growth-and-income, equity-income, balanced, fixed-income, and inflation-linked bond funds, with allocations shifting toward income and fixed-income assets as the target date approaches and passes. As of November 30, 2025, the fund's asset allocation reflects 60.2% U.S. equities, 24.8% non-U.S. equities, 9.0% U.S. bonds, 1.8% non-U.S. bonds, and cash equivalents, with sector emphases in information technology (23.0%), industrials (11.9%), and financials (11.4%); it maintains a net expense ratio of 1.46%, comprising service (12b-1) fees of 0.75%, acquired fund fees of 0.36%, and other expenses of 0.35%, and reports total net assets of $44.26 billion across the series. Headquartered in Los Angeles, California—where Capital Group was founded in 1931—the fund targets retirement savers such as participants in 401(k) plans and individual investors in the United States, employing a team of portfolio managers including David Hoag, Samir Mathur, and Wesley Phoa. Recent developments include a portfolio turnover of 9% in fiscal year 2025 and capital gains distributions in December 2024 totaling $0.4614 per share alongside income dividends of $0.097; the broader series announced plans to rename the American Funds 2025 Target Date Retirement Fund to American Funds 2025 Target Date Retirement Income Fund effective January 1, 2026, signaling an evolution in post-target-date nomenclature, while maintaining active management amid industry shifts toward lower-cost revenue-sharing models in 401(k) plans.