American Funds 2060 Trgt Date Retire R6

This fund progressively adjusts its asset allocation, dedicating a larger portion of its holdings to fixed income, equity income, and balanced funds as it draws closer to and subsequently passes its target date. The fund's manager aims to achieve its investment objectives by constructing a diversified portfolio through strategic investments in various American Funds, applying different combinations and weightings. These underlying American Funds represent a broad spectrum of fund categories, including growth, growth-and-income, equity-income, balanced, and fixed income funds. These distinct categories embody diverse investment objectives and strategies.