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
Growth | 4.9% | |
AMCAP Fund® | 4.9% | |
Growth-and-Income | 14.9% | |
American Mutual Fund® | 5.1% | |
Capital World Growth and Income Fund® | 9.8% | |
Equity-Income/Balanced | 63.2% | |
Capital Income Builder® | 18.2% | |
The Income Fund of America® | 20.1% | |
American Balanced Fund® | 19.9% | |
American Funds® Global Balanced Fund | 5% | |
Bond | 17% | |
American Funds® Multi-Sector Income Fund | 7% | |
American High-Income Trust® | 5% | |
The Bond Fund of America® | 5% |
As of 7/31/2024(updated monthly)
QUARTERLY HOLDINGS
Asset Mix
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 Yieldto Worst | 5% Average Coupon |
% of net assets as of 9/30/2024 (updated monthly)
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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.
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NDARX
S&P Target Date Retirement Income Index
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High & Low Prices
Internal Prompt
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Returns at NAV
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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
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Month-End Returns as of 9/30/24
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Quarter-End Returns as of 9/30/24
ANNUAL RETURNS CHART
Month-End Returns as of 9/30/24
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With Sales ChargeRead important investment disclosures
NDARX
S&P Target Date Retirement Income Index
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. Berro | 9 | 33 | 38 | |
Michelle J. Black | 4 | 22 | 29 | |
Brittain Ezzes | 1 | 2 | 26 | |
Samir Mathur | 4 | 11 | 31 | |
Wesley K. Phoa | 9 | 25 | 30 | |
John R. Queen | 4 | 22 | 34 | |
Andrew B. Suzman | 9 | 30 |
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) | |
3-yr. Morningstar RatingTM (682 funds rated) | |
5-yr. Morningstar RatingTM (643 funds rated) | |
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
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
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
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Historical Prices Month-End
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Historical Prices Year-End
FIND HISTORICAL PRICES
Historical Prices Month-End
2024 |
FIND HISTORICAL PRICES
Historical Prices Year-End
Internal Prompt
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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
Rate | As of Date |
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0.00000000 | 09/27/2024 |
0.00000000 | 09/30/2024 |
0.00000000 | 10/01/2024 |
0.00000000 | 10/02/2024 |
0.00000000 | 10/03/2024 |
0.00000000 | 10/04/2024 |
0.00000000 | 10/07/2024 |
0.00000000 | 10/08/2024 |
0.00000000 | 10/09/2024 |
FIND HISTORICAL DISTRIBUTIONS
Current Daily
Dividend Accrual
Close
Rate | As of-Date | |
---|---|---|
0.00000000 | 09/27/2024 | |
0.00000000 | 09/30/2024 | |
0.00000000 | 10/01/2024 | |
0.00000000 | 10/02/2024 | |
0.00000000 | 10/03/2024 | |
0.00000000 | 10/04/2024 | |
0.00000000 | 10/07/2024 | |
0.00000000 | 10/08/2024 | |
0.00000000 | 10/09/2024 |
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
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Quarterly Fund Fact Sheet (PDF) 07/24
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Semi-Annual Report
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Annual Report
About Our Funds
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Share Class Pricing Details
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Stats Update (PDF)
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Resource Guide (PDF)