11 American Funds Selected for the Morningstar 2017 "Great 38" List
LOS ANGELES, July 11, 2017 /PRNewswire/ -- Eleven American Funds have been cited for excellence in the Morningstar® FundInvestorSM "Great 38" list, representing more than half of the fund family's assets under management. 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.
"More than one quarter of Morningstar's selected funds are American Funds," said Matt O'Connor, president of American Funds Distributors, a division of Capital Group. "This speaks to our long-term and successful focus on helping investors save for a secure retirement."
"We know that identifying a successful fund can seem daunting to many investors and the Morningstar 'Great 38' list can be a useful guide. In addition, our research finds that investors can use two simple screens to identify funds more likely to deliver superior results over time – funds with fees in the lowest quartile and funds run by portfolio managers who invest their own money alongside the investors."
The eleven American Funds that made Morningstar's 2017 Great 38 list include:
AMCAP Fund®
American Balanced Fund®
Capital Income Builder®
Capital World Growth & Income®
EuroPacific Growth Fund®
American Funds Global Balanced FundSM
The Growth Fund of America®
New Perspective Fund®
New World Fund®
SMALLCAP World Fund®
Washington Mutual Investors FundSM
Morningstar's Great 38 list includes data for each fund, showing the expense ratio, risk rating, 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 or category benchmark.
About Capital Group
Since 1931, Capital Group, home of the American Funds, has been singularly focused on delivering superior results for long-term investors using high-conviction portfolios, rigorous research and individual accountability. Today, Capital Group manages more than U.S. $1.4 trillion in equity and fixed income assets for millions of individual and institutional investors around the world.*
The Capital Group companies manage equity assets through three investment groups. These groups make investment and proxy voting decisions independently.
Fixed income investment professionals provide fixed income research and investment management across the Capital organization; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.
*As of December 31, 2016.
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.
© 2017 American Funds Distributors, Inc.
CONTACT INFO:
Tom Joyce (213) 615-0514
[email protected]
Abbas Qasim (212) 830-0103
[email protected]
SOURCE Capital Group
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