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.
Securities offered through American Funds Distributors, Inc.
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Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses or the collective investment trust's Characteristics statement, which can be obtained from a financial professional, Capital or your relationship manager, and should be read carefully before investing.