Newsroom Capital Group Receives Exemplary Stewardship Honor in 2023 Morningstar Awards for Investing Excellence

90-year old active manager is recognized for Exemplary Stewardship in the U.S. and is also named Best Asset Manager by Morningstar in Hong Kong and Singapore

LOS ANGELES, MAY 23, 2023 — Capital Group, one of the world’s largest and most experienced active investment managers, has received the Exemplary Stewardship Award as part of the 2023 U.S. Morningstar Awards for Investing Excellence.¹

“Capital Group’s mission is to improve lives through successful long-term investing, it is core to what we’ve done during our 90-year history,” said Matt O’Connor, Chair & CEO of American Funds Distributors, Capital Group. “It is why we are privileged to be entrusted with the savings of millions of households around the world today.”

Morningstar presents the Exemplary Stewardship Award annually to an asset manager that has shown an unwavering focus on serving the best interests of investors. To qualify for the award, the firm must have received a Parent pillar rating of “High” according to its Morningstar Analyst Rating^TM. The Parent pillar rating measures the quality of the firm’s care of investors’ capital. The firms must demonstrate an investor-focused corporate culture and an alignment of interests between investors and the people who control the destiny of the investment strategies.

This follows Morningstar’s announcement earlier this year recognizing Capital Group with the Best Asset Manager award in Singapore and Hong Kong.

"Our 2023 winners represent the best of the asset management industry, and their proven track records show their unwavering focus on serving the best interests of investors," said Tim Strauts, Morningstar's head of manager research, North America. "The manager and firm selected ground their strategies in deep fundamental research, which has produced strong results and rewarded investors in the long-term."

Capital Group has been an Exemplary Stewardship nominee in every year since the award’s inception in 2019.

Morningstar has granted annual awards to accomplished portfolio managers since 1988. The Morningstar Awards for Investing Excellence winners are chosen based on research and in-depth qualitative evaluation by Morningstar's manager research group. The full methodology for the awards is available here. For more information about Morningstar Awards, visit https://go.morningstar.com/Morningstar-Awards.

¹In March, Capital Group was announced as the winner of the 2023 U.S. Morningstar Exemplary Stewardship Award, recognizing Capital Group for investment and business cultures that prioritize investors’ interests above all else.  In order to qualify for the award, which is a part of the 2023 U.S. Morningstar Awards for Investing Excellence, all nominees must have received a Parent pillar rating of "High" and remain investor-focused through 2022. Capital Group did not pay to be considered among the award nominees or pay to use the information in this material.

About Capital Group

Capital Group, home of American Funds, has been singularly focused on delivering superior results for long-term investors using high-conviction portfolios, rigorous research, and individual accountability since 1931.

As of March 31, 2023, Capital Group manages approximately $2.3 trillion in equity and fixed-income assets for millions of individuals and institutional investors around the world. Capital Group manages 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.

For more information, visit capitalgroup.com.

Morningstar's Manager Research Group

Morningstar's Manager Research Group consists of various wholly owned subsidiaries of Morningstar, Inc. including, but not limited to, Morningstar Research Services LLC. Morningstar's Manager Research Group produces various ratings and assessments including the Morningstar Analyst Rating^TM and the Morningstar Quantitative Rating. The Morningstar Analyst Rating is derived from a qualitative assessment process performed by a manager research analyst, whereas the Morningstar Quantitative Rating uses a machine-learning model based on the decision-making processes of Morningstar's analysts, their past ratings decisions, and the data used to support those decisions. In both cases, the ratings are forward-looking assessments and include assumptions of future events, which may or may not occur or may differ significantly from what was assumed. The Morningstar Analyst Ratings and Morningstar Quantitative Ratings are statements of opinions, subject to change, are not to be considered as guarantees, and should not be used as the sole basis for investment decisions. This press release is for informational purposes only; references to securities should not be considered an offer or solicitation to buy or sell the securities.

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