FBDTX Mutual Fund — American Funds 2025 Target Date Retirement Income Fund® Class F-2

American Funds 2025 Target Date Retirement Income Fund® Class F-2 (FBDTX)

Updated October 16, 2026.

FBDTX is a Mutual Fund. its distribution rate is 2.46%, its trailing-12-month yield is 7.33%, its expense ratio is 0.39%. Dividend Vision Distribution Safety Score™ is 93/100 (Safe). Total return is 139.5% over the past 12.6 years, 274.1 points behind SPY at 413.6%.

American Funds 2025 Target Date Retirement Income Fund is a mutual fund that invests across multiple American Funds spanning growth, equity-income, balanced, and fixed-income strategies, with asset allocation shifting toward fixed income and income-generating investments as it approaches and passes its 2025 target date. The fund carries a current distribution rate that is moderate to high, has an expense ratio of 0.39%, and appeals to investors seeking a diversified, professionally managed portfolio aligned with a specific retirement date rather than a single asset class or strategy.

FBDTX performance versus SPY

Price and return data through 2026-10-16.

Total return is 139.5% over the past 12.6 years, 274.1 points behind SPY at 413.6%. Over the past year its total return — price change plus distributions reinvested — is 6.1%. Its deepest 1-year drawdown was 5.3%.

FBDTX key facts

Distribution Safety Score™

93 · Safe

Safety-Adjusted Yield

2.29%

Issuer

Capital Group

Asset type

Mutual Fund

Asset class

Equity

Expense ratio

0.39%

Distribution rate

2.46%

Distribution frequency

Annual

Trailing yield

7.33%

Last close

$16.72 (as of 2026-10-16)

NAV

$16.27 as of 2026-09-30; source eodhd (stale)

Premium / discount

N/A (price 2026-10-16, NAV 2026-09-30) (NAV stale)

AUM

$17,638,465,536

Average volume

0.0

Dividend

$1.225

Ex-dividend date

12/24/2025

Beta

0.78

How Dividend Vision calculates yield and returns

Distribution rate (2.46%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (7.33%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Capital Group or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FBDTX risks and drawbacks

FBDTX's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 5.3%.

Who may consider FBDTX — and who may not

FBDTX may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (FBDTX pays annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

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Tagged: Mutual Fund.

Frequently asked questions

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