American Funds 2060 Target Date Retirement Fund (AANTX)
American Funds 2060 Target Date Retirement Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Los Angeles, CA, US. The stock last traded at $22.83, up 0.26% on the session, giving a market capitalisation of $21.59B. Its beta of 1.24 implies it has historically moved more than the broad market.
As this fund nears and then surpasses its target retirement year, it progressively shifts its asset allocation, dedicating a larger portion of its portfolio to fixed income, equity income, and balanced investments. The fund's manager seeks to accomplish its investment goals by strategically combining and weighting various underlying American Funds. These diverse underlying components span a broad spectrum of categories, encompassing growth-oriented strategies, those balancing growth with income, income generation from equities, balanced portfolios, and fixed income securities. Each of these distinct fund types is utilized to pursue particular investment aims and methodologies.
American Funds 2060 Target Date Retirement Fund is most often compared with the following Financial Services names: