American Funds® Retirement Income Portfolio - Moderate
Retirement Income Portfolio Series
Overview
Designed to support a balanced retirement income strategy, American Funds Retirement Income Portfolio - Moderate SM may be appropriate for retirees who:
- Are seeking an investment for use with a periodic withdrawal program.
- Desire a balanced approach to downside risk, income and growth of capital.
Objective
The fund strives for the balanced accomplishment of three investment objectives: current income, long-term growth of capital and conservation of capital.
Manager
The fund is managed by Capital Research and Management Company, one of the nation’s oldest, largest investment management firms. Since 1931, Capital Research has invested with a long-term focus based on thorough research and attention to risk.
Fund information
- Began operations: 8/28/15
- Expense ratio:* 0.67%
- Investment expenses paid annually:† $6.70 for a $1,000 balance
- Ticker symbol: FBFWX
*The investment adviser is currently reimbursing a portion of other expenses. Net expense ratios reflect the reimbursement, without which the expenses would have been higher. The reimbursement will be in effect through at least April 7, 2018. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. The expense ratios are as of each fund’s prospectus and include the weighted average expenses of the underlying funds. The expense ratio does not reflect sales charges or fees charged by financial intermediaries. Please see the fund’s most recent prospectus for details.
†You can estimate the investment expenses you’re paying annually by multiplying your balance in the fund by the expense ratio.
Underlying funds
(as of 6/30/24; percentage of net assets; holdings are subject to change)
Growth-and-income
12.0%
Equity-income/Balanced
58.0%
- American Balanced Fund® 15.0%
- American Funds® Global Balanced Fund 5.0%
- Capital Income Builder® 18.0%
- The Income Fund of America® 20.0%
Bond
30.0%
Asset mix
(as of 6/30/24; percentage of net assets; holdings are subject to change)
Portfolio summary
(as of 6/30/24; percentage of net assets; holdings are subject to change)
Geographic breakdown
(as of 6/30/24; percentage of net assets; holdings are subject to change)
*Cash and equivalents includes short-term securities, accrued income and other assets less liabilities. It may also include investments in money market or similar funds managed by the investment adviser or its affiliates that are not offered to the public.
Past results
The bar graph below shows the fund’s annual results and illustrates the fund’s fluctuations over the past 10 years. (The percentages are shown at net asset value, updated annually as of 12/31.)
Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown here. For more current information and month-end results, click here. Share price and return will vary, so you may lose money. Investing for short periods makes losses more likely. Unless otherwise indicated, all results are calculated at net asset value.
Average annual total returns through 6/30/24
Class F-1 Shares
| Latest10 years | Latest5 years | Latest3 years | Latestyear | |
|---|---|---|---|---|
| At net asset value | 5.81% ¶¶ | 5.41% | 2.18% | 9.69% |
Investment results assume all distributions are reinvested and reflect applicable fees and expenses. The investment adviser is currently reimbursing a portion of other expenses. Investment results reflect the reimbursement, without which the results would have been lower. The reimbursement will be in effect through at least April 7, 2018. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. Read details about how waivers and/or reimbursements affect the results for each fund.
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