Newsroom
FEBRUARY 28, 2018
American Funds Wins Multiple Lipper Awards for 10 Consecutive Years
Nine Lipper Awards in total for American Funds Target Date Retirement Series®, New Perspective Fund® and American Funds Mortgage Fund®
LOS ANGELES, February 28, 2018 — American Funds, a family of mutual funds from Capital Group, one of the world’s largest investment management firms, has won a total of nine Lipper Fund Awards recognizing American Funds Target Date Retirement Series, New Perspective Fund and American Funds Mortgage Fund. This marks the tenth year in a row American Funds has taken home multiple Lipper awards.
“We are once again honored to be recognized by Lipper for the strong results our funds have delivered to investors,” said Matt O’Connor, president of American Funds Distributors. "We believe our combination of low fees and focus on delivering above average returns provides the value investors seek, particularly in these volatile markets."
“We congratulate American Funds for capturing awards in multiple target date fund categories,” said Robert Jenkins, Global Head of Research at Thomson Reuters Lipper. “Their New Perspective Fund, Mortgage Fund, and Target Date Retirement Series demonstrate the superior risk-adjusted returns we honor.”
American Funds Target Date Retirement Series distinguishes growth- and income-oriented equities and adjusts them to address market and longevity risk. The dynamic glide path allows funds to have meaningful equity exposure throughout retirement.
The New Perspective Fund seeks to take advantage of changing global trade patterns by investing in multinational companies based in the United States and overseas that have strong growth prospects.
American Funds Mortgage Fund seeks to delivers income and preservation of capital through investing in high-quality mortgage-related securities.
The following American Funds were honored by Lipper:
Fund name |
Ticker symbol |
Lipper classification |
Winner yearS — 3, 5 or 10 |
|---|---|---|---|
| American Funds 2030 Target Date Requirement Fund®, R-6 |
RFETX | Mixed-Asset Target 2030 Funds |
5 |
| American Funds 2040 Target Date Retirement Fund®, R-6 |
RFGTX | Mixed-Asset Target 2040 Funds |
5 |
| American Funds 2050 Target Date Retirement Fund®, R-6 |
RFITX | Mixed-Asset Target 2050 Funds |
5 |
| American Funds 2035 Target Date Retirement Fund®, R-6 |
RFFTX | Mixed-Asset Target 2035 Funds |
5 |
| American Funds 2045 Target Date Requirement Fund®, R-6 |
RFHTX | Mixed-Asset Target 2045 Funds |
5 |
| American Funds 2055+ Target Date Retirement Fund®, R-6 |
RFKTX | Mixed-Asset Target 2055+ Funds |
5 |
| American Funds Mortgage Fund, R-6 |
RMAGX | Intermediate U.S. Government Funds |
3 |
| American Funds Mortgage Fund, R-6 |
RMAGX | Intermediate U.S. Government Funds |
5 |
| American Funds New Perspective Fund, R-5 |
RNPFX | Global Large-Cap Growth Funds |
10 |
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 $1.7 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.
The 2018 Lipper Fund Awards were presented on February 27, 2018. Fund awards were based on risk-adjusted returns as of November 30, 2017.
*As of December 31, 2017
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 mutual fund prospectuses and summary prospectuses, which can be obtained from a financial professional, and should be read carefully before investing. Similar information about collective investment trusts can be obtained from Capital Group or participants’ plan provider or employer.
Each target date portfolio is composed of a mix of underlying funds and is subject to the risks and returns of those funds. Underlying funds may be added or removed during the year. Although the target date portfolios are managed for investors on a projected retirement date time frame, the allocation strategy does not guarantee that investors' retirement goals will be met. The target date is the year that corresponds roughly to the year in which an investor is assumed to retire and begin taking withdrawals. Investment professionals manage the portfolio, moving it from a more growth-oriented strategy to a more income-oriented focus as the target date gets closer. Investment professionals continue to manage each portfolio for approximately 30 years after it reaches its target date.
The return of principal for bond portfolios and for portfolios with significant underlying bond holdings is not guaranteed. Investments are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings. Investments in mortgage-related securities involve additional risks, such as prepayment risk.
Investing outside the United States involves risks, such as currency fluctuations, periods of illiquidity and price volatility. These risks may be heightened in connection with investments in developing countries.
American Funds Distributors, Inc., member FINRA.