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BBCTX American Funds 2020 Trgt Date Retire B

  • Fund
  • BBCTX
  • Price as of: Dec 01, 2016
  • $11.55
  • - $0.03
  • - 0.26%
  • Category
  • Target Retirement Date

BBCTX - Profile

Vitals

  • YTD Return 4.7%
  • 3 Yr Annualized Return 4.0%
  • 5 Yr Annualized Return 7.5%
  • Net Assets $7.85 B
  • Holdings in Top 10 60.6%

52 WEEK LOW AND HIGH

$11.55
$10.46
$11.79

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.22%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.00%

BROKERAGE FEES

  • Turnover 8.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$250

IRA

$25

Investment Themes

CATEGORY

Target Retirement Date
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2020

Distributions

  • YTD Total Return 4.7%
  • 3 Yr Annualized Total Return 2.7%
  • 5 Yr Annualized Total Return 7.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.85%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name American Funds 2020 Target Date Retirement Fund®
  • Fund Family Name American Funds
  • Inception Date Feb 21, 2014
  • Shares Outstanding N/A
  • Share Class B
  • Currency USD
  • Domiciled Country United States
  • Manager Wesley K.-S. Phoa

Fund Description

The fund normally invests a greater portion of its assets in bond, equity income and balanced funds as it approaches and passes its target date. The advisor attempts 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 such as growth funds, growth-and-income funds, equity-income funds and a balanced fund and bond funds. The fund categories represent differing investment objectives.

BBCTX - Performance

Return Ranking - Trailing

Period BBCTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.7% -40.4% 14.7% 43.80% 3
1 Yr 3.1% -20.8% 17.3% 39.75% 3
3 Yr 4.0% * 0.0% 6.5% 38.61% 3
5 Yr 7.5% * 1.4% 10.8% 51.00% 3
10 Yr N/A * 1.0% 5.9% N/A N/A

* Annualized


Return Ranking - Calendar

Period BBCTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -4.0% -33.1% 0.0% 18.51% 2
2014 N/A -33.3% 7.6% N/A N/A
2013 N/A -8.5% 23.9% N/A N/A
2012 N/A 0.0% 15.8% N/A N/A
2011 N/A -26.6% 14.6% N/A N/A

Total Return Ranking - Trailing

Period BBCTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.7% -40.4% 14.7% 56.47% 4
1 Yr -1.9% -23.4% 21.2% 83.14% 5
3 Yr 2.7% * -1.2% 13.0% 71.67% 4
5 Yr 7.2% * 0.3% 10.8% 52.77% 3
10 Yr N/A * 0.4% 5.9% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period BBCTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.9% -25.3% 5.0% 27.86% 2
2014 N/A -4.8% 11.9% N/A N/A
2013 N/A -6.7% 49.0% N/A N/A
2012 N/A 0.0% 43.6% N/A N/A
2011 N/A -16.4% 19.3% N/A N/A

NAV & Total Return History

BBCTX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

BBCTX Category Low Category High BBCTX % Rank Quintile
Net Assets 7.85 B 334 K 31.3 B 1.51% 1
Number of Holdings 21 2 9892 2.75% 3
Net Assets in Top 10 4.71 B 291 K 31.3 B 1.87% 1
Weighting of Top 10 60.6% 2.3% 103.8% 23.05% 5

Top 10 Holdings

  1. American Funds Interm Bd Fd of Amer R6 9.01%
  2. American Funds US Government Sec R6 5.65%
  3. American Funds Washington Mutual R6 5.66%
  4. American Funds Invmt Co of Amer R6 5.66%
  5. American Funds American Mutual R6 6.01%
  6. American Funds Bond Fund of Amer R6 6.05%
  7. American Funds Inflation Linked Bd R6 5.70%
  8. American Funds Capital Income Bldr R6 5.73%
  9. American Funds Income Fund of Amer R6 5.74%
  10. American Funds Mortgage R6 5.36%

Asset Allocation

Weighting Category Low Category High BBCTX % Rank Quintile
Stocks
50.20% 0.37% 98.39% 19.68% 4
Bonds
41.28% -0.11% 101.10% 7.17% 2
Cash
6.05% -32.35% 96.00% 8.57% 2
Other
2.22% -2.06% 47.06% 7.89% 2
Preferred Stocks
0.23% 0.00% 7.52% 1.61% 2
Convertible Bonds
0.02% 0.00% 4.38% 2.86% 3

Stock Sector Breakdown

Weighting Category Low Category High BBCTX % Rank Quintile
Technology
7.50% 0.02% 23.27% 16.52% 4
Healthcare
7.29% 0.04% 15.56% 11.17% 3
Consumer Defense
5.86% 0.03% 10.69% 10.03% 3
Financial Services
5.63% 0.18% 17.43% 18.96% 5
Industrials
5.51% 0.04% 12.08% 14.60% 4
Consumer Cyclical
5.04% 0.03% 15.53% 16.68% 4
Energy
4.89% 0.07% 7.94% 4.57% 2
Communication Services
3.59% 0.04% 4.81% 1.77% 1
Utilities
2.11% 0.00% 4.48% 5.61% 2
Basic Materials
2.09% 0.03% 6.73% 10.70% 4
Real Estate
0.66% 0.03% 18.17% 17.51% 5

Stock Geographic Breakdown

Weighting Category Low Category High BBCTX % Rank Quintile
US
35.92% 0.06% 70.08% 17.71% 4
Non US
14.28% 0.00% 54.00% 19.83% 4

Bond Sector Breakdown

Weighting Category Low Category High BBCTX % Rank Quintile
Government
24.37% -27.29% 95.60% 2.23% 1
Securitized
8.50% 0.00% 28.49% 8.26% 2
Corporate
8.47% 0.00% 54.04% 14.38% 3
Cash & Equivalents
6.04% -46.20% 96.00% 8.77% 2
Municipal
0.10% 0.00% 5.08% 3.95% 3
Derivative
0.00% -30.52% 57.07% 1.66% 4

Bond Geographic Breakdown

Weighting Category Low Category High BBCTX % Rank Quintile
US
34.63% -4.11% 95.60% 7.06% 2
Non US
6.65% 0.00% 25.33% 6.91% 2

BBCTX - Expenses

Operational Fees

BBCTX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.22% 0.00% 47.30% 11.27% 4
Management Fee 0.00% 0.00% 0.92% 2.35% 3
12b-1 Fee 1.00% 0.00% 1.00% 0.08% 5
Administrative Fee 0.05% 0.00% 0.40% 1.73% 2

Sales Fees

BBCTX Fees (% of AUM) Category Low Category High BBCTX Rank Quintile
Front Load N/A 3.00% 5.75% N/A N/A
Deferred Load 5.00% 0.50% 5.00% 0.47% 5

Trading Fees

BBCTX Fees (% of AUM) Category Low Category High BBCTX Rank Quintile
Max Redemption Fee N/A 2.00% 2.00% N/A N/A

Turnover 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.

BBCTX Fees (% of AUM) Category Low Category High BBCTX Rank Quintile
Turnover 8.00% 0.00% 333.00% 7.79% 1

BBCTX - Distributions

Dividend Yield Analysis

BBCTX Category Low Category High BBCTX % Rank Quintile
Dividend Yield N/A 0.00% 1.21% N/A N/A

Dividend Distribution Analysis

BBCTX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

BBCTX Category Low Category High BBCTX % Rank Quintile
Net Income Ratio 0.85% -0.93% 10.75% 15.52% 5

Capital Gain Distribution Analysis

BBCTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

BBCTX - Managers

Wesley K.-S. Phoa

Manager

Start Date

Jan 01, 2012

Tenure

4.84

Tenure Rank

1.3%

Wesley K.-S. Phoa is a fixed-income portfolio manager at Capital Group. As a fixed-income investment analyst at Capital, he covers U.S. government-sponsored entities. He is also an economist, and follows U.S. monetary policy, macro-prudential regulation and fixed-income quantitative research. He has 19 years of investment experience and has been with Capital Group for 14 years. Prior to joining Capital, he was director of research with Capital Management Sciences and a quantitative analyst with Deutsche Bank in Australia. He holds a PhD in pure mathematics from Trinity College at the University of Cambridge and a bachelor’s degree with honors from the Australian National University. He is an elected member of the Conference of Business Economists and the International Conference of Commercial Bank Economists. Wesley is based in Los Angeles.


James B. Lovelace

Manager

Start Date

Feb 01, 2007

Tenure

9.75

Tenure Rank

0.4%

Lovelace is a senior vice president and portfolio manager with Capital Research and Management Company. Lovelace holds the Chartered Financial Analyst designation.


Bradley J. Vogt

Manager

Start Date

Jan 01, 2012

Tenure

4.84

Tenure Rank

1.3%

Bradley J. VogtSenior, Vice Chairman of the Board, is president of Capital Research Global Investors at Capital Research and Management Company.


John H. Smet

Manager

Start Date

Feb 01, 2007

Tenure

9.75

Tenure Rank

0.4%

Smet is a senior vice president with Capital Research & Management Company, his employer since 1983.


Alan N. Berro

Manager

Start Date

Feb 01, 2007

Tenure

9.75

Tenure Rank

0.4%

Alan N. Berro is an equity portfolio manager at Capital Group. He has 30 years of investment experience and has been with Capital Group for 25 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 certifi ed 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.


Andrew B. Suzman

Manager

Start Date

Jan 01, 2012

Tenure

4.84

Tenure Rank

1.3%

Suzman is a co-research director and an equity investment analyst with portfolio manager responsibilities for Capital World Investors, covering real estate companies in the U.S. and industrial companies in Australia. Furthermore, Suzman is a director and executive vice president of Capital Research Company, a director of Capital International Research, Inc., a vice president of Capital World Growth and Income Fund. He is also a senior vice president of and a portfolio manager for The Income Fund of America.


Joanna F. Jonsson

Manager

Start Date

Jan 01, 2015

Tenure

1.83

Tenure Rank

2.2%

Ms. Jonsson is a portfolio manager and an investment analyst. Her research responsibilities include the insurance and cruise line industries. From 1998 to 2002, she was a research director with responsibility for hiring, training and overseeing other analysts. Ms. Jonsson is a Senior Vice President of Capital Research Company, an officer of two mutual funds managed by Capital Research and Management Company, a member of the management committee of CIF and the Capital Group Companies board.


Tenure Analysis

Category Low

0.0

Category High

14.1

Category Average

4.88

Category Mode

4.8