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Trending ETFs

American Funds Retirement Income Portfolio - Conservative

mutual fund
RJRPX
Payout Change
Pending
Price as of:
$11.96 -0.05 -0.42%
primary theme
U.S. Conservative/Balanced Allocation
RJRPX (Mutual Fund)

American Funds Retirement Income Portfolio - Conservative

Payout Change
Pending
Price as of:
$11.96 -0.05 -0.42%
primary theme
U.S. Conservative/Balanced Allocation
RJRPX (Mutual Fund)

American Funds Retirement Income Portfolio - Conservative

Payout Change
Pending
Price as of:
$11.96 -0.05 -0.42%
primary theme
U.S. Conservative/Balanced Allocation

Name

As of 12/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$11.96

$1.22 B

2.35%

$0.28

0.92%

Vitals

YTD Return

7.8%

1 yr return

9.4%

3 Yr Avg Return

1.4%

5 Yr Avg Return

3.9%

Net Assets

$1.22 B

Holdings in Top 10

95.9%

52 WEEK LOW AND HIGH

$12.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.92%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 17.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$250

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$11.96

$1.22 B

2.35%

$0.28

0.92%

RJRPX - Profile

Distributions

  • YTD Total Return 7.8%
  • 3 Yr Annualized Total Return 1.4%
  • 5 Yr Annualized Total Return 3.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.59%
DIVIDENDS
  • Dividend Yield 2.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    American Funds Retirement Income Portfolio - Conservative
  • Fund Family Name
    Capital Group Fund Group
  • Inception Date
    Aug 28, 2015
  • Shares Outstanding
    N/A
  • Share Class
    R3
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Wesley Phoa

Fund Description

The fund is intended primarily for investors who are already in retirement or plan to retire in the near future and who are seeking an investment for use with a periodic withdrawal program. In some cases, all or a portion of any distribution from the fund may include the investor’s original investment. The American Funds Retirement Income Portfolio – Conservative (“Conservative Portfolio” or the “fund”) is designed for investors who desire a potentially lower level of downside risk in exchange for a potentially lower level of income and growth of capital. The fund is not designed to be the sole option for the investor’s retirement income needs nor is there any guarantee that the fund will provide adequate income through retirement.

The fund will attempt to achieve its investment objectives by investing in a mix of American Funds in varying combinations and weightings over time. The underlying American Funds will typically seek to generate income from their investments and will primarily consist of fixed-income, equity-income and balanced funds. The fund may also invest in growth-and-income funds. Through its investments in the underlying funds, the fund will have significant exposure to fixed-income securities and to dividend-paying common stocks.

The Conservative Portfolio currently plans to invest a higher ratio in underlying funds that invest significantly in bonds and other fixed-income securities. With respect to its fixed income investments, the underlying funds in which the fund invests may hold debt securities with a wide range of quality and of any maturity or duration. Duration is a measure used to determine the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates. The fund may invest in underlying funds with significant exposure to bonds rated BB+ or below and Ba1 or below by Nationally Recognized Statistical Rating Organizations designated by the fund’s investment adviser, or unrated but determined by the fund’s investment adviser to be of equivalent quality. Securities rated BB+ or below and Ba1 or below are sometimes referred to as “junk bonds.” Exposure to lower rated securities may help the fund achieve its primary objective of providing current income.

The underlying funds may hold securities issued and guaranteed by the U.S. government, securities issued by federal agencies and instrumentalities and securities backed by mortgages or other assets. The underlying funds may also invest in the securities of governments, agencies, corporations and other entities domiciled outside the United States.

The fund will seek exposure to investments outside the United States as well as in the United States. The investment adviser believes that exposure to investments outside the United States can help provide diversification when seeking current income and long-term growth of capital.

The fund’s investment adviser seeks to create combinations of underlying funds that complement each other with a goal of achieving the Conservative Portfolio’s investment objectives of providing current income, long-term growth of capital and conservation of capital, with an emphasis on income and conservation of capital. In making this determination, the fund’s investment adviser considers the historical volatility and returns of the underlying funds and how various combinations would have behaved in past market environments. It also considers, among other topics, current market conditions and the investment positions of the underlying funds.

The fund’s investment adviser periodically reviews the investment strategies and asset mix of the underlying funds. The investment adviser will also consider whether overall market conditions would favor a change in the exposure of the fund to various asset types or geographic regions. Based on these considerations, the investment adviser may make adjustments to underlying fund holdings by adjusting the percentage of individual underlying funds within the fund, or adding or removing underlying funds. The investment adviser may also determine not to change the underlying fund allocations, particularly in response to short-term market movements, if in its opinion the combination of underlying funds is appropriate to meet the fund’s investment objectives.

The fund is one of a suite of three American Funds Retirement Income Portfolios designed to help investors in or near retirement with a withdrawal program. The three portfolios are designed to provide investors with the ability to produce cash flows from their investments in the portfolio over an extended period of time along a variation of risk profiles. The Conservative Portfolio seeks to provide the lowest downside risk of the three portfolios, which normally results in a comparatively lower level of income and potential for growth of capital. The American Funds Retirement Income Portfolio – Enhanced (the “Enhanced Portfolio”) seeks somewhat higher income and long-term growth of capital, but also entails potentially greater volatility, which results in higher potential downside risk. The American Funds Retirement Income Portfolio – Moderate (the “Moderate Portfolio”) offers investors an intermediate investment option, seeking greater current income and long-term growth than the Conservative Portfolio, with potentially less volatility and downside risk relative to the Enhanced Portfolio.

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RJRPX - Performance

Return Ranking - Trailing

Period RJRPX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.8% -3.4% 20.8% 80.40%
1 Yr 9.4% 8.0% 24.5% 79.90%
3 Yr 1.4%* -13.2% 6.3% 63.22%
5 Yr 3.9%* -5.7% 8.4% 64.66%
10 Yr N/A* -0.4% 7.7% N/A

* Annualized

Return Ranking - Calendar

Period RJRPX Return Category Return Low Category Return High Rank in Category (%)
2023 3.6% -1.0% 27.4% 85.36%
2022 -12.8% -35.0% -7.4% 8.04%
2021 5.3% -11.5% 14.6% 19.07%
2020 4.2% -10.3% 40.7% 62.57%
2019 9.5% -9.5% 22.1% 59.55%

Total Return Ranking - Trailing

Period RJRPX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.8% -3.4% 20.8% 80.40%
1 Yr 9.4% 8.0% 24.5% 79.90%
3 Yr 1.4%* -13.2% 6.3% 63.22%
5 Yr 3.9%* -5.7% 8.4% 64.66%
10 Yr N/A* -0.4% 7.7% N/A

* Annualized

Total Return Ranking - Calendar

Period RJRPX Return Category Return Low Category Return High Rank in Category (%)
2023 6.6% 2.6% 28.2% 94.54%
2022 -10.3% -35.0% -3.1% 23.12%
2021 8.2% -11.5% 32.0% 40.46%
2020 8.1% -5.4% 40.7% 61.75%
2019 12.8% 4.5% 27.7% 83.71%

NAV & Total Return History


RJRPX - Holdings

Concentration Analysis

RJRPX Category Low Category High RJRPX % Rank
Net Assets 1.22 B 305 K 50.8 B 32.92%
Number of Holdings 11 2 4065 85.89%
Net Assets in Top 10 1.17 B 309 K 10.3 B 26.98%
Weighting of Top 10 95.91% 9.7% 111.4% 22.28%

Top 10 Holdings

  1. CAPITAL INCOME BUILDER R6 (CIB CL R6) 18.03%
  2. INCOME FUND OF AMERICA (THE) R6 (IFA CL R6) 15.00%
  3. BOND FUND OF AMERICA (THE) R6 (BFA CL R6) 14.96%
  4. AMERICAN FUNDS STRATEGIC BOND FUND R6 (SBF CL R6) 9.99%
  5. AMERICAN BALANCED FUND R6 (AMBAL CL R6) 8.01%
  6. AMERICAN FUNDS MULTI-SECTOR INCOME FUND CL R6 (MSI-R6) 7.94%
  7. AMERICAN MUTUAL FUND R6 (AMF CL R6) 7.03%
  8. U S GOVERNMENT SECURITIES FUND R6 (GVT CL R6) 4.99%
  9. AMERICAN FUNDS INFLATION LINKED BOND R6 (ILBF CL R6) 4.98%
  10. INTERMEDIATE BOND FUND OF AMERICA R6 (IBFA CL R6) 4.97%

Asset Allocation

Weighting Return Low Return High RJRPX % Rank
Stocks
99.88% 0.00% 100.11% 8.66%
Convertible Bonds
0.67% 0.00% 71.77% 68.25%
Cash
0.12% -35.68% 23.34% 89.36%
Preferred Stocks
0.00% 0.00% 21.95% 94.06%
Other
0.00% -0.20% 61.47% 88.37%
Bonds
0.00% 0.00% 79.72% 95.30%

Stock Sector Breakdown

Weighting Return Low Return High RJRPX % Rank
Financial Services
16.93% 0.00% 83.50% 18.89%
Technology
13.38% 0.22% 27.92% 72.80%
Healthcare
12.69% 0.00% 24.25% 65.74%
Consumer Defense
12.05% 0.00% 18.62% 10.08%
Industrials
9.04% 0.14% 17.90% 73.80%
Energy
7.54% 0.00% 62.93% 17.13%
Utilities
7.22% 0.00% 48.33% 15.87%
Real Estate
6.55% 0.00% 43.16% 41.31%
Communication Services
5.48% 0.00% 11.11% 75.31%
Consumer Cyclical
4.58% 0.00% 14.20% 86.65%
Basic Materials
4.53% 0.00% 32.82% 39.04%

Stock Geographic Breakdown

Weighting Return Low Return High RJRPX % Rank
US
99.88% 0.00% 100.11% 8.66%
Non US
0.00% 0.00% 23.24% 94.55%

RJRPX - Expenses

Operational Fees

RJRPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.92% 0.06% 21.26% 50.25%
Management Fee 0.00% 0.00% 1.25% 27.05%
12b-1 Fee 0.50% 0.00% 1.00% 69.47%
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

RJRPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

RJRPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

RJRPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 17.00% 2.00% 380.00% 23.58%

RJRPX - Distributions

Dividend Yield Analysis

RJRPX Category Low Category High RJRPX % Rank
Dividend Yield 2.35% 0.00% 7.99% 58.42%

Dividend Distribution Analysis

RJRPX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Monthly Quarterly

Net Income Ratio Analysis

RJRPX Category Low Category High RJRPX % Rank
Net Income Ratio 1.59% -1.22% 6.83% 55.28%

Capital Gain Distribution Analysis

RJRPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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RJRPX - Fund Manager Analysis

Managers

Wesley Phoa


Start Date

Tenure

Tenure Rank

Aug 28, 2015

6.76

6.8%

Wesley K. Phoa is a solutions portfolio manager at Capital Group. His focus is on fund-of-funds and multi-asset solutions. Wesley serves on the Target Date Solutions Committee, the Portfolio Solutions Committee and the Custom Solutions Committee. He has 28 years of investment experience and has been with Capital Group for 23 years. Earlier in his career at Capital, Wesley served as a fixed income portfolio manager with a focus on rates-driven and long duration strategies. His areas of research responsibility included interest rates, monetary policy and financial economics.

Andrew Suzman


Start Date

Tenure

Tenure Rank

Aug 28, 2015

6.76

6.8%

Andrew B. Suzman is an equity portfolio manager at Capital Group. He also serves on the Portfolio Oversight Committee. He has 25 years of investment experience, all with Capital Group. Earlier in his career, as an equity investment analyst at Capital, Andrew covered global real-estate companies, U.S. merchandising, and Australian industrials and banks. He holds an MBA from Harvard Business School and a bachelor’s degree in political economy from Tulane University. Andrew is based in New York.

Alan Berro


Start Date

Tenure

Tenure Rank

Aug 28, 2015

6.76

6.8%

Alan N. Berro is an equity portfolio manager at Capital Group. He also serves on the Portfolio Solutions Committee. He has 36 years of investment experience and has been with Capital Group for 31 years. Earlier in his career, as an equity investment analyst at Capital, he covered U.S. utilities, capital goods and machinery companies. Before joining Capital, he was a portfolio manager and utilities analyst for Fidelity Management and Research Company in Boston. He also worked as an auditor for Price Waterhouse in Los Angeles. He holds an MBA from Harvard Business School and a bachelor’s degree in economics from the University of California, Los Angeles graduating magna cum laude. He also holds the certified public accountant and Chartered Financial Analyst® designations and is a member of the Los Angeles Society of Financial Analysts. Alan is based in Los Angeles.

William Robbins


Start Date

Tenure

Tenure Rank

Jan 01, 2020

2.41

2.4%

William L. Robbins is an equity portfolio manager at Capital Group. He also serves on the Portfolio Solutions Committee. He has 29 years of investment experience and has been with Capital Group for 27 years. Earlier in his career, as an equity investment analyst at Capital, Will covered small-capitalization companies, REITS and U.S. banks. Prior to joining Capital, he was a part of the investment team at Tiger Management Corp. in New York and a financial analyst with Morgan Stanley.

Samir Mathur


Start Date

Tenure

Tenure Rank

Jan 01, 2020

2.41

2.4%

Samir Mathur is a solutions portfolio manager at Capital Group. His focus is on fund-of-funds and multi-asset solutions. He is chair of the Portfolio Solutions Committee and also serves on the Target Date Solutions Committee and the Custom Solutions Committee. He has 29 years of investment industry experience and has been with Capital Group for nine years. During his tenure at Capital, Samir has led the development of fund-of-funds solutions and several model portfolios, including tax-aware portfolio models, portfolio sleeves and model portfolios for our insurance series of funds. Prior to joi

John Queen


Start Date

Tenure

Tenure Rank

Jan 01, 2020

2.41

2.4%

John R. Queen is a fixed income portfolio manager at Capital Group. He also serves on the Portfolio Solutions Committee. He has 32 years of investment experience and has been with Capital Group for 20 years. Earlier in his career at Capital, John was a trader and dealer service representative. Prior to joining Capital, he was chief operating officer and chief compliance officer, as well as managing director overseeing bond portfolios at Roxbury Capital Management, an affiliate of Wilmington Trust. Before that, he was managing director at Hotchkis and Wiley. John holds a bachelor’s degree in industrial management from Purdue University and attended the U.S. Military Academy at West Point, where he majored in mechanical engineering. He also holds the Chartered Financial Analyst® designation. John is based in Los Angeles.

Michelle Black


Start Date

Tenure

Tenure Rank

Jan 01, 2020

2.41

2.4%

Michelle J. Black is a solutions portfolio manager at Capital Group. Her focus is on fund-of-funds and multi-asset solutions. Michelle serves on the Target Date Solutions Committee and the Portfolio Solutions Committee. She has 25 years of investment industry experience and has been with Capital Group for 18 years. During her tenure at Capital, Michelle led the development of asset allocation design for private high-net-worth clients. She has been deeply involved in glide path development for our target date series, and also worked as an asset allocation investment specialist out of our London office, where she helped construct multi-asset solutions for global institutions. Prior to joining Capital, Michelle was manager of the Los Angeles office and an investment planning analyst at Sanford C. Bernstein & Co. She holds a bachelor’s degree in business administration from the University of Southern California. She also holds the Certified Investment Management Analyst® and Certified Private Wealth Advisor® designations, is a member of the Investments & Wealth Institute and serves on the CIMA commission. Michelle is based in Los Angeles.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 28.73 6.37 2.41