American Funds 2060 Trgt Date Retire R6
RFUTX
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- American Funds 2060 Target Date Retirement Fund R6 (RFUTX) is a target-date mutual fund managed by Capital Group Companies that seeks growth, income, and conservation of capital depending on proximity to its 2060 target retirement date; it invests primarily in a diversified portfolio of underlying American Funds including equity funds, fixed-income funds, balanced funds, and multi-sector bond funds, with allocations as of October 31, 2025, comprising 61.2% U.S. equities, 27.3% non-U.S. equities, 6.4% U.S. bonds, 1.5% non-U.S. bonds, and cash equivalents. The fund offers R-6 share class features such as no minimum initial investment, low expense ratio of 0.39%, quarterly portfolio turnover of 5% in 2024, and annual distributions of dividends and capital gains in December; it targets retirement savers planning to retire around 2060, emphasizing a glide path that shifts toward income and capital preservation as the target date approaches, with sector exposures led by information technology (25.4%), industrials (13.1%), and financials (11.5%). Launched on March 27, 2015, and headquartered in Los Angeles, California, RFUTX forms part of the broader American Funds Target Date Retirement Series offered by Capital Group, a privately held investment manager founded in 1931 with over $3 trillion in assets under management and global operations across the Americas, Asia, Australia, and Europe. Recent developments include a strategic partnership announced in July 2025 between Capital Group and LeafHouse Financial to launch Target Date Plus, a personalized target-date solution integrating RFUTX's underlying American Funds strategies with participant-specific behavioral data and wellness tools for enhanced retirement outcomes; Capital Group also updated its Target Date Retirement Series glide path in April 2021 following quantitative enhancements by the Target Date Solutions Committee, contributing to the fund's below-average risk rating and strong Morningstar performance across 3-, 5-, and 10-year periods as of October 31, 2025.