Morningstar's 2015 "Fantastic 50" Includes 11 American Funds

American Funds Cited for Excellence for the Fourth Year in a Row

Jul 08, 2015, 09:00 ET from American Funds

LOS ANGELES, July 8, 2015 /PRNewswire/ -- Eleven American Funds have been cited for excellence in the Morningstar® FundInvestorSM Fantastic 50 list. This is Morningstar's annual review of nearly 8,000 mutual funds, which uses criteria such as expense ratio, manager ownership and tenure, returns above the benchmark and the Morningstar Analyst RatingTM to determine which funds make the list.

"We are very pleased to be included once again on Morningstar's Fantastic list, which recognizes best-in-class mutual funds delivering results at a low cost to investors," said Matt O'Connor, Executive Vice President of American Funds Distributors. In 2015, there are 11 American Funds included on Morningstar's list, an increase from the 10 American Funds included on the 2014 list.

According to Morningstar, "American [Funds] is well-designed to check all the boxes. It has long-tenured managers who put their money where their mouths are. In addition, nearly all American Funds are cheap. The funds aren't flashy, but they have rewarded patient investors for many years."

"At American Funds, our investment process combines individual accountability with teamwork, which has allowed us to help investors pursue long-term investment success," says O'Connor. "Our focus on offering a variety of high-quality, low-cost actively managed funds sets us apart and we are honored by Morningstar's recognition of our work."

The American Funds that made Morningstar's 2015 Fantastic 50 list are listed below (funds are linked to their webpages on americanfunds.com):

AMCAP Fund®
American Balanced Fund®
Capital World Growth and Income Fund®
EuroPacific Growth Fund®
Fundamental Investors®
The Growth Fund of America®
The Investment Company of America®
The New Economy Fund®
New Perspective Fund®
New World Fund®
Washington Mutual Investors Fund℠

Morningstar presented 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. That data (period beginning at the date the longest tenured manager began on the fund and ending March 31, 2015) is shown in the table below.

Figures shown are past results for Class A shares and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Share prices and returns will vary, so investors may lose money. Investing for short periods makes losses more likely. Fund results are for Class A shares and reflect deduction of the 5.75% maximum sales charge. For current information and month-end results, visit americanfunds.com.

Fund Name/Symbol

Expense Ratio (%)

Start Date (of Longest Serving Portfolio Manager)

Tenure Return (%)

Index Return (%)

Index Name


AMCAP Fund (AMCPX)

0.68

06/1996

9.93

8.18

Standard & Poor's 500 Composite Index


American Balanced Fund (ABALX)

0.60

02/1997

8.25

7.45

Standard & Poor's 500 Composite Index


Capital World Growth and Income Fund (CWGIX)

0.77

04/1993

11.12

7.41

MSCI World Index Gross Dividends


EuroPacific Growth Fund (AEPGX)

0.82

01/1992

9.13

4.44

MSCI All Country World Index (ACWI) ex USA


Fundamental Investors (ANCFX)

0.61

04/1993

10.61

9.30

Standard & Poor's 500 Composite Index


The Growth Fund of America (AGTHX)

0.66

12/1988

11.93

10.37

Standard & Poor's 500 Composite Index


The Investment Company of America (AIVSX)

0.59

04/1992

9.83

9.55

Standard & Poor's 500 Composite Index


The New Economy Fund (ANEFX)

0.79

02/1991

10.61

9.97

Standard & Poor's 500 Composite Index


New Perspective Fund (ANWPX)

0.76

01/1993

10.84

7.72

MSCI World Index Gross Dividends


New World Fund (NEWFX)

1.03

07/1999

8.45

4.35

MSCI All Country World Index (ACWI)


Washington Mutual Investors Fund (AWSHX)

0.58

08/1997

7.15

6.44

Standard & Poor's 500 Composite Index


The expense ratios are as of each fund's prospectus available at the time of publication.









Founded in 1931, Los Angeles-based American Funds manages more than $1.25 trillion for individuals and institutions worldwide.

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.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

© 2015 American Funds Distributors, Inc.

CONTACT INFO:

Tom Joyce (213) 615-0514
Tom.Joyce@capgroup.com

Abbas Qasim (212) 830-0103
Abbas.Qasim@capgroup.com

Logo - http://photos.prnewswire.com/prnh/20140527/91515

 

SOURCE American Funds



RELATED LINKS

https://www.americanfunds.com