Fund Evaluator:
American Funds 2070 Trgt Date Ret R-2 (RAABX)
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Best Performing in Target-Date 2070+ Over the Last Year
| 23.4% | Fidelity Advisor Freedom Blend 2070 Z (FRCNX) |
| 23.2% | Fidelity Advisor Freedom Blend 2070 I (FRCLX) |
| 23.1% | Fidelity Advisor Sust Trgt Dt 2070 Z (FRDEX) |
| 22.7% | BlackRock LifePath® ESG Idx 2070 Inv A (LEYAX) |
| 22.5% | BlackRock LifePath® Dyn 2070 Investor A (LPYAX) |
Fund Details
American Funds 2070 Trgt Date Ret R-2 Overview
American Funds 2070 Trgt Date Ret R-2 (RAABX) is an actively managed Allocation Target-Date 2070+ fund. Capital Group launched the fund in 2024.
The investment seeks growth, income and conservation of capital. The fund will attempt to achieve its investment objectives by investing in a mix of American Funds in different combinations and weightings. The underlying American Funds represent a variety of fund categories, including growth funds, growth-and-income funds, equity-income funds, balanced funds and fixed income funds. The fund categories represent differing investment objectives and strategies.
About American Funds 2070 Trgt Date Ret R-2 (RAABX)
There are 8 members of the management team with an average tenure of 2.58 years: Wesley Phoa (2024), Michelle Black (2024), William Robbins (2024), Shannon Ward (2024), Samir Mathur (2024), Jessica Spaly (2024), Raj Paramaguru (2024), David Hoag (2024). Management tenure is more important for actively managed funds than passive index funds.
American Funds 2070 Trgt Date Ret R-2 has 18 securities in its portfolio. The top 10 holdings constitute 80.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
American Funds 2070 Trgt Date Ret R-2 is part of the Allocation global asset class and is within the Allocation fund group. American Funds 2070 Trgt Date Ret R-2 has 29.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 59.7%. There is 28.0% allocated to foreign stock, and 0.5% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 7.1% (5.7% domestic bond, 1.4% foreign bond and 0.0% convertible bond). American Funds 2070 Trgt Date Ret R-2 has 4.3% of the portfolio in cash.
Assets Under Management
The fund has $40 million in total assets, which is above the $36 million average for the Target-Date 2070+ category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
RAABX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The American Funds 2070 Trgt Date Ret R-2 expense ratio is high compared to funds in the Target-Date 2070+ category. American Funds 2070 Trgt Date Ret R-2 has an expense ratio of 1.50%, which is 124% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. American Funds 2070 Trgt Date Ret R-2 has a portfolio turnover rate of 5%, indicating that holds its assets around 0.2 years. By way of comparison, the average portfolio turnover is 20% for the Target-Date 2070+ category.
Recently, in the month of July 2026, American Funds 2070 Trgt Date Ret R-2 returned -1.8%, which earned it a grade of F, as the Target-Date 2070+ category had an average return of -0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
American Funds 2070 Trgt Date Ret R-2 has a trailing yield of 0.24%, which is below the 1.34% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
American Funds 2070 Trgt Date Ret R-2 Grades
Year to date, the fund has returned 8.7%, 1.9 percentage points worse than the category, which translates into a grade of F. The fund has returned 17.3% over the past year (grade of F).
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RAABX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| RAABX Return (NAV) | -1.8% | 3.2% | 17.3% | na | na | na |
| RAABX Grade | F | F | F | na | na | na |
| +/- Category | -1.1% | -0.3% | -3.9% | na | na | na |
| Target-Date 2070+ Avg | -0.8% | 3.5% | 21.3% | 15.6% | na | na |
| RAABX Tax Cost Ratio | na | na | 0.4% | na | na | na |
RAABX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| RAABX Return (NAV) | 8.7% | 19.5% | na | na | na | na | na | na | na | na | na |
| RAABX Grade | F | F | na | na | na | na | na | na | na | na | na |
| +/- Category | -1.9% | -1.6% | na | na | na | na | na | na | na | na | na |
| Target-Date 2070+ Avg | 10.7% | 21.1% | 14.2% | 20.2% | na | na | na | na | na | na | na |
| Risk Measures | |
| Standard Deviation: | na |
| Total Risk Index: | na |
| Category Risk Index: | na |
| Category Risk Grade: | |
| Beta: | na |
| R-Squared: | na |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 0.2% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $778 Mil |
| Fund Total Assets: | $ 40 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 5% |
Management Team
| Number of Managers: 8 | |||
| Longest Tenure: 2.6 years | |||
| Average Tenure: 2.6 years | |||
| Managers (Year): Phoa Wesley (2024), Black Michelle (2024), Robbins William (2024), Ward Shannon (2024), Mathur Samir (2024), Spaly Jessica (2024), Paramaguru Raj (2024), Hoag David (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 18 |
| % in Top 10 Holdings: | 80.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 29.4% |
Portfolio Allocation |
|
| Domestic Stock: | 59.7% |
| Foreign Stock: | 28.0% |
| Preferred Stock: | 0.5% |
| Domestic Bond: | 5.7% |
| Foreign Bond: | 1.4% |
| Convertible Bond: | 0.0% |
| Other: | 0.5% |
| Cash: | 4.3% |
Purchase Information
| Fund Family: | Capital Group |
| Phone Number: | 800-421-4225 |
| Website: | www.americanfunds.com |
| Status: | Open |
| Inception Date: | May 3, 2024 |
| Min. Initial Purchase: | $ 250 |
| Min. Initial IRA Purchase: | $ 25 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.75% |
Expenses and Fees | |
| Expense Ratio (%): | 1.50% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.67% |
| Share Class: | American Funds 2070 Trgt Date Ret F-3 |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 25 |
