American Funds 2060 Target Date Retirement Fund Class F-1 (FAWTX)
American Funds 2060 Target Date Retirement Fund Class F-1 operates in the Asset Management industry of the Financial Services sector, headquartered in Los Angeles, CA, US. The stock last traded at $22.85, up 0.31% on the session, giving a market capitalisation of $21.06B. Its beta of 1.24 implies it has historically moved more than the broad market.
This fund is designed to pursue a combination of capital appreciation, income generation, and the preservation of principal. As it approaches and eventually passes its target retirement date, the portfolio's allocation typically shifts to emphasize a greater proportion of fixed-income, equity-income, and balanced investment vehicles. The fund manager seeks to accomplish these objectives by strategically investing in a diverse mix of other American Funds, employing various combinations and weightings. These underlying American Funds encompass a wide range of investment categories, such as those focused on growth, growth-and-income, equity income, balanced strategies, and fixed income, each with its own distinct investment goals.
American Funds 2060 Target Date Retirement Fund Class F-1 is most often compared with the following Financial Services names: