American Funds Retirement Income Portfolio - Enhanced - R-3 | American Funds

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RETIREMENT PLAN INVESTOR

Use your plan ID (available on your account statement) to determine which employer-sponsored retirement plan website to use:

IF YOUR PLAN ID BEGINS WITH IRK, BRK, 1, 2 OR 754

Visit americanfunds.com/retire

IF YOUR PLAN ID BEGINS WITH 34 OR 135

Visit myretirement.americanfunds.com

RETIREMENT INCOME PORTFOLIO SERIES

SM

Share Class

Summary

Internal Prompt
Targeting higher growth potential for retirees. This portfolio is designed for retirees who seek a potentially higher level of income and growth of capital in exchange for potentially greater downside risk.
Price at NAV $11.96 as of 7/01/2022 (updated daily)
Fund Assets (millions) $1,559.7
Portfolio Solutions Committee Members
7
Expense Ratio
0.84%

Asset Mix

U.S. Equities44.1%
Non-U.S. Equities17.8%
U.S. Bonds27.7%
Non-U.S. Bonds5.0%
Cash & Equivalents
5.4%
U.S. Equities44.1%
Non-U.S. Equities17.8%
U.S. Bonds27.7%
Non-U.S. Bonds5.0%
Cash & Equivalents
5.4%
As of 5/31/2022 (updated monthly)

Fund Statistics

5.7 years
Effective Duration
3.6%
Average Yield
to Worst
3.1%
Average Coupon
% of net assets as of 3/31/2022 (updated quarterly)

Market Capitalization

83.0%
Large
15.4%
Medium
1.6%
Small
$102,540.83 Million
Weighted Average


As of 3/31/2022 (updated quarterly). Morningstar data as of 3/31/2022 (updated quarterly).

Growth of 10K

High & Low Prices

Internal Prompt

Returns at NAV

Returns with Sales Charge

Description

Fund Objective
The fund strives for the accomplishment of three investment objectives: current income, long-term growth of capital and conservation of capital, with an emphasis on income and growth of capital.
Distinguishing Characteristics
The fund will attempt to achieve its investment objectives by investing in a mix of American Funds in varying combinations and weightings over time. In comparison to the other two portfolios in the American Funds Retirement Income Portfolio Series, the Enhanced Portfolio seeks somewhat higher long-term growth that also entails greater volatility, which in turn results in higher potential downside risk.
Types of Investments
The underlying American Funds will predominately consist of equity funds in the equity-income, balanced and growth-and-income fund categories. The enhanced portfolio will be weighted more toward equity holdings that generate both income and capital appreciation. The fund may also invest in fixed-income funds. Through its investments in the underlying funds, the fund will have significant exposure to both dividend-paying and growth-oriented common stocks.

Fund Facts

Fund Inception 8/28/2015
Fund Assets (millions)
As of 5/31/2022
$1,559.7
Companies/Issuers
Holdings are as of 3/31/2022 (updated quarterly).
1930+
Shareholder Accounts
Shareholder accounts are as of 5/31/2022
58
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $0
Capital Gains Paid
Dec
Portfolio Turnover (2021) 18%
Fiscal Year-End Oct
Prospectus Date 01/01/2022
CUSIP 02631L 62 7
Fund Number 23111

Returns

Internal Prompt

Month-End Returns as of 5/31/22

Quarter-End Returns as of 3/31/22

Internal Prompt

Volatility & Return

Read important investment disclosures

Volatility & Return chart is not available for funds less than 10 years old.

Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 2.17% 1.73%
Fund at MOP N/A N/A
As of 5/31/2022 (updated monthly)

Valuation

Price/ Price/ Price/
Book Cash Flow Earnings
Fund 2.77 9.52 15.35
S&P Target Date Retirement Income Index
2.20 8.90 15.20
Fund as of 3/31/22. Index as of 3/31/22.

Portfolio Solutions Committee

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Alan N. Berro 7 31 36
Michelle J. Black 2 20 27
Samir Mathur 2 9 29
Wesley K. Phoa 7 23 28
John R. Queen 2 20 32
William L. Robbins 2 27 30
Andrew B. Suzman 7 28
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(706)
3-yr. Morningstar RatingTM
(706 funds rated)
5-yr. Morningstar RatingTM
(645 funds rated)
10-yr. Morningstar RatingTM
(-- funds rated)
--
Overall Morningstar Risk Below Average
HIGH
LOW
Category Allocation--50% to 70% Equity
Ratings are based on risk-adjusted returns as of 5/31/2022 (updated monthly).

Risk Measures

Fund
Standard Deviation
9.69
Sharpe Ratio
0.55
For the 5 Years ending 5/31/22 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
S&P Target Date Retirement Income Index
Morningstar Mod Tgt Risk TR USD
R-squared 89 96
Beta 1.60 0.95
Capture Ratio (Downside/Upside) 173/160 98/98
American Funds Benchmark for the 5 Years ending 3/31/22 (updated quarterly).
Morningstar Benchmark for the 5 Years ending 5/31/22 (updated monthly).
U.S. Treasuries/Agencies
9.6%
AAA/Aaa
2.9%
AA/Aa
1.2%
A
2.6%
BBB/Baa
4.6%
BB/Ba
5.9%
B
3.1%
CCC & Below
1.1%
Unrated
0.7%
Cash & equivalents
5.4%
% of net assets as of 3/31/2022 (updated quarterly)

Average Life Breakdown

0-4.9 Years
13.4%
5-9.9 Years
13.8%
10-19.9 Years
1.6%
20-29.9 Years
2.8%
30+ Years
0.1%
% of net assets as of 3/31/2022 (updated quarterly)

Holdings

Equities Breakdown

Equity Fund Holdings
Information technology 10.6%
Financials 9.7%
Health care 8.5%
Consumer staples 6.3%
Industrials 5.5%
Consumer discretionary 4.6%
Energy 4.3%
Communication services 3.9%
Utilities 3.4%
Real estate 3.2%
Materials 3.0%

% of net assets as of 3/31/2022 (updated quarterly)

Bonds Breakdown

Geographic Breakdown

United States
71.5%
Europe
11.4%
Asia & Pacific Basin
5.5%
Other (Including Canada & Latin America)
6.3%
Cash & equivalents
5.3%
% of net assets as of 3/31/2022 (updated quarterly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 07/01/22

2022
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
03/30/22 03/30/22 03/31/22 $0.0564 $0.00 $0.00 $0.00 $13.38
06/29/22 06/29/22 06/30/22 $0.0613 $0.00 $0.00 $0.00 $11.94
2022 Year-to-Date: Dividends Subtotal: $0.1177 Cap Gains Subtotal: $0.00
Total Distributions: $0.1177

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.00%
Other Expenses 0.05%
Acquired (Underlying) Fund Fees and Expenses 0.29%
Service 12b-1 0.50%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

RLRPX 0.84%
Lipper Retirement Income Funds Average
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).

Resources

Prospectuses & Reports for RLRPX