American Funds 2040 Trgt Date Retire R3 (RCKTX)
American Funds 2040 Trgt Date Retire R3 operates in the Asset Management industry of the Financial Services sector, headquartered in Los Angeles, CA, US. The stock last traded at $24.99, up 0.16% on the session, giving a market capitalisation of $55.31B. Its beta of 1.12 implies it has historically moved more than the broad market.
As this fund approaches and moves past its target retirement year, it progressively shifts its asset allocation, dedicating a larger portion of its portfolio to more conservative investments like fixed income, equity-income, and balanced funds. The portfolio managers aim to achieve the fund's objectives by strategically investing in a diverse blend of underlying American Funds, employing varied combinations and weightings. These constituent American Funds represent a broad spectrum of categories, including growth-oriented equities, funds focused on both growth and income, dividend-generating equity income portfolios, diversified balanced funds, and various fixed income vehicles, each designed with distinct investment goals and strategies.
American Funds 2040 Trgt Date Retire R3 is most often compared with the following Financial Services names: