American Funds Retirement Income Portfolio - Enhanced - A (2024)

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 $14.04 as of 10/09/2024 (updated daily)

Fund Assets (millions) $1,799.3

Portfolio Solutions Committee Members 7

Expense Ratio
(Gross/Net %)
0.59 / 0.59%

Underlying Funds

American Funds Retirement Income Portfolio - Enhanced - A (1)

Growth4.9%
AMCAP Fund®4.9%
Growth-and-Income14.9%
American Mutual Fund®5.1%
Capital World Growth and Income Fund®9.8%
Equity-Income/Balanced63.2%
Capital Income Builder®18.2%
The Income Fund of America®20.1%
American Balanced Fund®19.9%
American Funds® Global Balanced Fund5%
Bond17%
American Funds® Multi-Sector Income Fund7%
American High-Income Trust®5%
The Bond Fund of America®5%

As of 7/31/2024(updated monthly)

QUARTERLY HOLDINGS

Asset Mix

American Funds Retirement Income Portfolio - Enhanced - A (2)

U.S. Equities45.0%Non-U.S. Equities19.1%
U.S. Bonds26.7%Non-U.S. Bonds4.6%
Cash & Equivalents 4.6%
U.S. Equities45.0%
Non-U.S. Equities19.1%
U.S. Bonds26.7%
Non-U.S. Bonds4.6%
Cash & Equivalents 4.6%

As of 8/31/2024(updated monthly)

Fund Statistics

4.9 years

Effective Duration

5.2%

Average Yield
to Worst

5%

Average Coupon

% of net assets as of 9/30/2024 (updated monthly)

  • Growth of 10K

  • High & Low Prices

Growth of 10K

Read important investment disclosures

For Class A Shares, this chart tracks a hypothetical investment with dividends reinvested, over the last 20 years, or since inception date if the fund has been in existence under 20 years, through 12/31/2023.

VIEW LARGER CHART

NDARX

S&P Target Date Retirement Income Index

American Funds Retirement Income Portfolio - Enhanced - A (3)

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High & Low Prices

Internal Prompt

  • Returns at NAV

  • Returns with Sales Charge

Returns at NAV

Returns with Sales Charge

Read important investment disclosures

16.81%

1-year return

6.72%

5-year return

6.93%

Lifetime return (8/28/15)

2.31%

30-Day SEC Yield

Returns as of 9/30/24 (updated monthly). Yield as of 9/30/24 (updated monthly).

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 9/30/2024

$1,799.3
Companies/Issuers

Holdings are as of 9/30/2024 (updated monthly).

2495+
Shareholder Accounts

Shareholder accounts are as of 8/31/2024

11,778
Regular Dividends Paid Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid Dec
Portfolio Turnover (2023) 4%
Fiscal Year-End Oct
Prospectus Date 01/01/2024
CUSIP 02631L 71 8
Fund Number 30111

Internal Prompt

  • Month-End Returns as of 9/30/24

  • Quarter-End Returns as of 9/30/24

ANNUAL RETURNS CHART

Month-End Returns as of 9/30/24

Returns at NAV

|

With Sales Charge

Read important investment disclosures

NDARX

S&P Target Date Retirement Income Index

American Funds Retirement Income Portfolio - Enhanced - A (4)

ANNUAL RETURNS CHART

Quarter-End Returns as of 9/30/24

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 2.86% N/A
Fund at MOP 2.69% 2.31%

As of 9/30/2024 (updated monthly)

Valuation

Price/ Price/ Price/
Book Cash Flow Earnings
Fund 2.86 11.67 17.07
S&P Target Date Retirement Income Index 2.40 10.90 17.20

Fund as of 6/30/24. Index as of 6/30/24.

Portfolio Solutions Committee

Years of Experience with Fund

Years of Experience with Capital Group

Years of Experience with Investment Industry

Alan N. Berro38339

Michelle J. Black29224

Brittain Ezzes2621

Samir Mathur31114

Wesley K. Phoa30259

John R. Queen34224

Andrew B. Suzman30309

Alan N. Berro93338
Michelle J. Black42229
Brittain Ezzes1226
Samir Mathur41131
Wesley K. Phoa92530
John R. Queen42234
Andrew B. Suzman930

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(682)
American Funds Retirement Income Portfolio - Enhanced - A (5) American Funds Retirement Income Portfolio - Enhanced - A (6) American Funds Retirement Income Portfolio - Enhanced - A (7) American Funds Retirement Income Portfolio - Enhanced - A (8) American Funds Retirement Income Portfolio - Enhanced - A (9)

3-yr. Morningstar RatingTM

(682 funds rated)
American Funds Retirement Income Portfolio - Enhanced - A (10) American Funds Retirement Income Portfolio - Enhanced - A (11) American Funds Retirement Income Portfolio - Enhanced - A (12) American Funds Retirement Income Portfolio - Enhanced - A (13) American Funds Retirement Income Portfolio - Enhanced - A (14)

5-yr. Morningstar RatingTM

(643 funds rated)
American Funds Retirement Income Portfolio - Enhanced - A (15) American Funds Retirement Income Portfolio - Enhanced - A (16) American Funds Retirement Income Portfolio - Enhanced - A (17) American Funds Retirement Income Portfolio - Enhanced - A (18) American Funds Retirement Income Portfolio - Enhanced - A (19)

10-yr. Morningstar RatingTM

(-- funds rated)
--
Overall Morningstar Risk Below Average

HIGH

LOW

Category Moderate Allocation

ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS

Ratings are based on risk-adjusted returns as of 9/30/2024 (updated monthly).

Risk Measures

Fund
Standard Deviation 11.73
Sharpe Ratio 0.51

For the 5 Years ending 9/30/24 (updated monthly).

American Funds
Benchmark
Morningstar
Benchmark
S&P Target Date Retirement Income Index Morningstar Mod Tgt Risk TR USD
R-squared 91 97
Beta 1.44 0.94
Capture Ratio (Downside/Upside) 149/157 95/100

American Funds Benchmark for the 5 Years ending 9/30/24 (updated monthly).

Morningstar Benchmark for the 5 Years ending 9/30/24 (updated monthly).

Quality Summary

Read important investment disclosures

U.S. Treasuries/Agencies

4.1%

AAA/Aaa

7.4%

AA/Aa

1.4%

A

4.3%

BBB/Baa

4.9%

BB/Ba

5.2%

B

2.6%

CCC & Below

1.0%

Unrated

0.7%

Cash & equivalents

4.5%

% of net assets as of 9/30/2024 (updated monthly)

Average Life Breakdown

0-4.9 Years

15.6%

5-9.9 Years

12.5%

10-19.9 Years

1.8%

20-29.9 Years

1.5%

30+ Years

0.2%

% of net assets as of 6/30/2024 (updated monthly)

  • Equities Breakdown

  • Bonds Breakdown

Equities Breakdown

Sectors | Top Industries

American Funds Retirement Income Portfolio - Enhanced - A (20)

Equity Fund Holdings

Information technology 11.3%
Financials 9.9%
Health care 8.4%
Industrials 7.9%
Consumer staples 5.7%
Consumer discretionary 4.8%
Communication services 4.1%
Energy 3.7%
Utilities 3.4%
Materials 2.6%
Real estate 2.1%

%of net assets as of 9/30/2024(updated monthly)

Bonds Breakdown

Go to the underlying fund pages to see detailed holdings information.

  • Growth Funds
    • AMCAP Fund®
  • Growth-and-Income Funds
    • American Mutual Fund®
    • Capital World Growth and Income Fund®
  • Equity-Income/Balanced Funds
    • Capital Income Builder®
    • The Income Fund of America®
    • American Balanced Fund®
    • American Funds® Global Balanced Fund
  • Bond Funds
    • American Funds® Multi-Sector Income Fund
    • American High-Income Trust®
    • The Bond Fund of America®

Geographic Breakdown

Regions

American Funds Retirement Income Portfolio - Enhanced - A (21)

United States

72.2%

Europe

12.4%

Asia & Pacific Basin

5.4%

Other (Including Canada & Latin America)

5.5%

Cash & equivalents

4.5%

% of net assets as of 9/30/2024 (updated monthly)

Prices & Distributions

Internal Prompt

  • Historical Prices Month-End

  • Historical Prices Year-End

FIND HISTORICAL PRICES

Historical Prices Month-End

2024

American Funds Retirement Income Portfolio - Enhanced - A (22)

FIND HISTORICAL PRICES

Historical Prices Year-End

Internal Prompt

  • Historical Distributions as of 10/09/24

Historical Distributions as of 10/09/24

FIND HISTORICAL DISTRIBUTIONS

2024
Record
Date
Calculated
Date
Pay Date

Income Dividend Regular

Income Dividend Special

Cap. Gains Long-Term

Cap. Gains Short-Term

Reinvest NAV
03/26/24 03/26/24 03/27/24 $0.0737 $0.00 $0.00 $0.00 $13.08
06/26/24 06/26/24 06/27/24 $0.0833 $0.00 $0.00 $0.00 $13.26
09/26/24 09/26/24 09/27/24 $0.0869 $0.00 $0.00 $0.00 $14.07
2024 Year-to-Date: Dividends Subtotal: $0.2439 Cap Gains Subtotal: $0.00
Total Distributions: $0.2439

Daily Dividend Accrual
for Pay Date

Close

RateAs of Date
0.0000000009/27/2024
0.0000000009/30/2024
0.0000000010/01/2024
0.0000000010/02/2024
0.0000000010/03/2024
0.0000000010/04/2024
0.0000000010/07/2024
0.0000000010/08/2024
0.0000000010/09/2024

FIND HISTORICAL DISTRIBUTIONS

Current Daily
Dividend Accrual

Close

RateAs of-Date
0.0000000009/27/2024
0.0000000009/30/2024
0.0000000010/01/2024
0.0000000010/02/2024
0.0000000010/03/2024
0.0000000010/04/2024
0.0000000010/07/2024
0.0000000010/08/2024
0.0000000010/09/2024

Internal Prompt

Fees

Annual Management Fees 0.00%
Other Expenses 0.04%
Acquired (Underlying) Fund Fees and Expenses 0.30%
Service 12b-1 0.25%

As of each fund's most recent prospectus.

Internal Prompt

Expense Ratio

NDARX 0.59%
Lipper Retirement IncomeFunds Average --%

Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).

Resources

Prospectuses & Reports for NDARX

About Our Funds

  • Share Class Pricing Details

  • Stats Update (PDF)

  • Resource Guide (PDF)

American Funds Retirement Income Portfolio - Enhanced - A (2024)
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