Jonathan Bell Lovelace believed that fundamental research is essential to achieving superior long-term investment results. The small company he founded in 1931 has grown into one of the world’s most respected financial institutions.
11 American Funds Selected for the Morningstar 2017 "Great 38" List
JULY 11, 2017
LOS ANGELES, July 11, 2017 Eleven American Funds have been cited for excellence in the Morningstar® FundInvestor℠ “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 expenses 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 are below.
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.
* As of December 31, 2016
Securities offered through American Funds Distributors, Inc.
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.
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.