American Funds 2020 Target Date Retirement Income Fund
American Funds Target Date Retirement Series · 14 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
American Funds 2020 Target Date Retirement Income Fund is a target-date 2020 fund.
- Asset class
- Target-date
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Target year
- 2020
- Features
- Fund of funds
Fund profile
As filed in the prospectus · 2025 Q4
Depending on the proximity to its target date, which we define as the year that corresponds roughly to the year in which the investor expects to retire, the fund will seek to achieve the following objectives to varying degrees: growth, income and conservation of capital. The fund will increasingly emphasize income and conservation of capital by investing a greater portion of its assets in fixed income, equity-income and balanced funds as it continues past its target date. In this way, the fund seeks to balance total return and stability over time.
The fund invests in a mix of American Funds across growth, growth-and-income, equity-income, balanced, and fixed income categories rather than holding securities directly. Its asset allocation shifts progressively toward fixed income and away from equities as the target date approaches, then continues to evolve for approximately 30 years after that date, gradually emphasizing income and capital conservation while maintaining some equity exposure for growth. The investment adviser periodically rebalances the underlying fund mix and may modify allocations, though it typically allows deviations of up to 10 percentage points from target weightings.
| Share class | Expense ratio |
|---|---|
| AACTX | 0.61% |
| RACTX | 1.39% |
| RBCTX | 1.39% |
| RCCTX | 0.94% |
| RDCTX | 0.65% |
| RECTX | 0.35% |
| RRCTX | 0.30% |
| CCCTX | 1.37% |
| FAOTX | 0.66% |
| FBCTX | 0.38% |
| RBEHX | 1.09% |
| RHCTX | 0.44% |
| FCCTX | 0.30% |
| TDAMX | 0.62% |
Portfolio turnover 7.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.89% |
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +14.68% | +35.03% | +31.45% | 6.53% | -5.73% | |
| +13.84% | +32.10% | +26.70% | 6.52% | -5.88% | |
| +13.76% | +31.87% | +26.45% | 6.56% | -5.93% | |
| +14.28% | +33.64% | +29.30% | 6.45% | -5.79% | |
| +14.63% | +34.91% | +31.29% | 6.53% | -5.74% | |
| +14.98% | +36.03% | +33.31% | 6.50% | -5.68% | |
| +14.96% | +36.25% | +33.56% | 6.52% | -5.70% | |
| +13.81% | +32.00% | +26.64% | 6.49% | -5.94% | |
| +14.61% | +34.85% | +31.22% | 6.45% | -5.77% | |
| +14.98% | +35.98% | +33.04% | 6.49% | -5.74% | |
| +14.08% | +33.03% | +28.30% | 6.50% | -5.84% | |
| +14.85% | +35.70% | +32.65% | 6.49% | -5.67% | |
| +15.02% | +36.31% | +33.60% | 6.47% | -5.64% | |
| +14.96% | +35.96% | +33.10% | 6.54% | -5.72% |
These classes hold the same portfolio, so the 7.15pp spread over 5 years is the cost difference between them — roughly 1.43pp a year — not a difference in what they own.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| RIDGX | INCOME FUND OF AMERICA (THE) (IFA)RIDGX | 12.34% | $27.53 | $1.78B | 64.5M |
| — | BOND FUND OF AMERICA (THE) (BFA) | 8.58% | $11.29 | $1.24B | 109.4M |
| RLBGX | AMERICAN BALANCED FUND (AMBAL)RLBGX | 7.69% | $39.60 | $1.11B | 27.9M |
| RILFX | AMERICAN FUNDS INFLATION LINKED BOND (ILBF)RILFX | 7.29% | $9.56 | $1.05B | 109.8M |
| — | INTERMEDIATE BOND FUND OF AMERICA | 6.85% | $12.60 | $986.64M | 78.3M |
| RIRGX | CAPITAL INCOME BUILDER (CIB)RIRGX | 6.38% | $81.18 | $917.87M | 11.3M |
| RMFGX | AMERICAN MUTUAL FUND (AMF)RMFGX | 6.07% | $61.84 | $873.19M | 14.1M |
| RMAGX | AMERICAN FUNDS MORTGAGE (AFMF)RMAGX | 5.96% | $8.82 | $857.83M | 97.3M |
| RWIGX | CAPITAL WORLD GROWTH & INCOME FUNDRWIGX | 5.01% | $77.70 | $722.07M | 9.3M |
| RWMGX | WASHINGTON MUTUAL INVESTORS FUND (WMIF)RWMGX | 4.74% | $67.51 | $681.82M | 10.1M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
Top 10 positions are 70.91% of net assets, top 25 99.89%, across 21 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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