LOS ANGELES, July 11, 2016 /PRNewswire/ -- Twelve American Funds have been cited for excellence in the Morningstar® FundInvestorSM "Fantastic 48" list — the most of any fund family. Morningstar's annual review of nearly 8,000 mutual funds identifies a select group of funds considered for criteria such as expenses, manager ownership, returns, stewardship and risk ratings.
"We are honored that our funds have been recognized once again by Morningstar for delivering superior results at a low cost to investors," said Matt O'Connor, President of American Funds Distributors. "We are particularly proud that the American Funds make up a quarter of Morningstar's 'Fantastic' funds list."
"These funds have offered outstanding results through a powerful combination of characteristics. Lower expenses help a fund's results over time. Manager ownership — or fund managers having a significant investment in the funds they manage — is an integral part of our culture. And during times of market volatility, it is especially important to consider funds that have been resilient during down markets."
The American Funds that made Morningstar's 2016 Fantastic 48 list are below (funds are linked to their webpages on americanfunds.com):
American Balanced Fund®
Capital Income Builder®
Capital World Growth and Income Fund®
EuroPacific Growth Fund®
American Funds Global Balanced FundSM
The Growth Fund of America®
The Investment Company of America®
New Perspective Fund®
New World Fund®
Washington Mutual Investors FundSM
Morningstar's Fantastic 48 report includes data for each fund, showing the expense ratio, the tenure of the longest serving portfolio manager, the fund's annualized return over that manager's tenure, and the return of the fund's benchmark.
Founded in 1931, Los Angeles-based American Funds manages more than $1.3 trillion for individuals and institutions worldwide.*
*(as of 12/31/2015)
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.
© 2016 American Funds Distributors, Inc.
Tom Joyce (213) 615-0514
Abbas Qasim (212) 830-0103
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SOURCE American Funds