Welcome!

News Feed Item

Ten American Funds Named to "Fantastic 48" In Latest Annual Review by Morningstar

LOS ANGELES, Aug. 12, 2014 /PRNewswire/ -- Ten American Funds have been cited for excellence in Morningstar's annual review of more than 7,000 mutual funds, which examines long-term performance, expense ratios, portfolio manager experience, risk, stewardship, and whether managers invest significantly in their own funds.

American Funds logo

The "Fantastic 48," which refers to the number of funds that met Morningstar's criteria this year, recognized a wide range of American Funds including growth, growth and income, equity income, global and balanced funds.

"We're very pleased that American Funds has again been recognized by Morningstar for consistently delivering outstanding long-term value to our shareholders with fees that are below the industry average," said Matt O'Connor, Executive Vice President of American Funds Distributors. "The breadth of American Funds honored by Morningstar also is significant, demonstrating once again that we have a fund to help meet the needs of just about every investor."

Morningstar noted that the funds have outperformed their benchmarks over long periods of time, with low costs and long manager tenure contributing to their results.

"American Funds' proven approach of combining fundamental research with a unique investment management system that maximizes the skills of our highly experienced portfolio managers has produced excellent long-term outcomes that have helped our shareholders to pursue their personal objectives," O'Connor said. "That has been our commitment for more than 80 years and remains our focus today."

The American Funds honored by Morningstar include six domestic stock funds: AMCAP Fund®, American Mutual Fund®, Fundamental Investors®, The Growth Fund of America®, The Investment Company of America®, and Washington Mutual Investors FundSM. Two allocation funds, American Balanced Fund® and Capital Income Builder®, which invest in stocks and bonds, also were recognized, as were New Perspective Fund®, which invests in companies in the U.S. and abroad, and New World Fund®, which invests in emerging markets and global equities.

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, the return of the fund's benchmark, and the percentage by which each fund exceeded its benchmark index during the manager's tenure. That data (period ending March 31, 2014) 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 (%)

Longest Mgr Tenure (Yr)

Start Month

Tenure Return Annualized

Index Return

OutperformanceVersus Index

American Funds AMCAP (AMCPX)

0.72

17.9

06/1996

9.81

7.91

1.90

American Funds American Balanced (ABALX)

0.61

17.3

02/1997

8.23

7.13

1.10

American Funds American Mutual (AMRMX)

0.61

8.3

02/2006

7.26

7.03

0.23

American Funds Capital Inc Bldr (CAIBX)

0.61

22.3

01/1992

9.31

9.17

0.14

American Funds Fundamental Invs (ANCFX)

0.63

21.1

04/1993

10.56

9.13

1.43

American Funds Growth Fund of Amer (AGTHX)

0.70

25.4

12/1988

11.90

10.28

1.62

American Funds Invmt Co of Amer (AIVSX)           

0.61

22.1

04/1992

9.74

9.40

0.34

American Funds New World (NEWFX)

1.06

14.8

07/1999

9.03

4.10

4.93

American Funds New Perspective (ANWPX)

0.79

21.4

01/1993

10.91

7.10

3.81

American Funds Washington Mutual (AWSHX)

0.60

16.3

01/1998

6.82

6.05

0.77

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

Founded in 1931, Los Angeles-based Capital Group 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.                                                              

Contact:

Chuck Freadhoff (213) 486-9988


[email protected]




Tom Joyce (213) 615-0514


[email protected]

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

SOURCE American Funds

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discuss how businesses can gain an edge over competitors by empowering consumers to take control through IoT. We'll cite examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He'll also highlight how IoT can revitalize and restore outdated business models, making them profitable...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
Many banks and financial institutions are experimenting with containers in development environments, but when will they move into production? Containers are seen as the key to achieving the ultimate in information technology flexibility and agility. Containers work on both public and private clouds, and make it easy to build and deploy applications. The challenge for regulated industries is the cost and complexity of container security compliance. VM security compliance is already challenging, ...
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
The pace of innovation, vendor lock-in, production sustainability, cost-effectiveness, and managing risk… In his session at 18th Cloud Expo, Dan Choquette, Founder of RackN, will discuss how CIOs are challenged finding the balance of finding the right tools, technology and operational model that serves the business the best. He will discuss how clouds, open source software and infrastructure solutions have benefits but also drawbacks and how workload and operational portability between vendors...
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
As machines are increasingly connected to the internet, it’s becoming easier to discover the numerous ways Industrial IoT (IIoT) is helping to shape the business world. This is exactly why we have decided to take a closer look at this pervasive movement and to examine the desire to connect more things! Now if you need a refresher on IIoT and how it is changing the world, take a moment and listen to Greg Gorbach with ARC Advisory Group. Gorbach believes, "IIoT will significantly change the worl...
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit y...
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device. For more information, please visit https://www.mangoapps.com/.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
Customer experience has become a competitive differentiator for companies, and it’s imperative that brands seamlessly connect the customer journey across all platforms. With the continued explosion of IoT, join us for a look at how to build a winning digital foundation in the connected era – today and in the future. In his session at @ThingsExpo, Chris Nguyen, Group Product Marketing Manager at Adobe, will discuss how to successfully leverage mobile, rapidly deploy content, capture real-time d...