Click here to close now.

SYS-CON MEDIA Authors: Bart Copeland, Andreas Grabner, Liz McMillan, Dana Gardner, Elizabeth White

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
One of the biggest impacts of the Internet of Things is and will continue to be on data; specifically data volume, management and usage. Companies are scrambling to adapt to this new and unpredictable data reality with legacy infrastructure that cannot handle the speed and volume of data. In his session at @ThingsExpo, Don DeLoach, CEO and president of Infobright, will discuss how companies need to rethink their data infrastructure to participate in the IoT, including: Data storage: Understand...
Since 2008 and for the first time in history, more than half of humans live in urban areas, urging cities to become “smart.” Today, cities can leverage the wide availability of smartphones combined with new technologies such as Beacons or NFC to connect their urban furniture and environment to create citizen-first services that improve transportation, way-finding and information delivery. In her session at @ThingsExpo, Laetitia Gazel-Anthoine, CEO of Connecthings, will focus on successful use c...
Sensor-enabled things are becoming more commonplace, precursors to a larger and more complex framework that most consider the ultimate promise of the IoT: things connecting, interacting, sharing, storing, and over time perhaps learning and predicting based on habits, behaviors, location, preferences, purchases and more. In his session at @ThingsExpo, Tom Wesselman, Director of Communications Ecosystem Architecture at Plantronics, will examine the still nascent IoT as it is coalescing, includin...
The true value of the Internet of Things (IoT) lies not just in the data, but through the services that protect the data, perform the analysis and present findings in a usable way. With many IoT elements rooted in traditional IT components, Big Data and IoT isn’t just a play for enterprise. In fact, the IoT presents SMBs with the prospect of launching entirely new activities and exploring innovative areas. CompTIA research identifies several areas where IoT is expected to have the greatest impac...
Wearable devices have come of age. The primary applications of wearables so far have been "the Quantified Self" or the tracking of one's fitness and health status. We propose the evolution of wearables into social and emotional communication devices. Our BE(tm) sensor uses light to visualize the skin conductance response. Our sensors are very inexpensive and can be massively distributed to audiences or groups of any size, in order to gauge reactions to performances, video, or any kind of present...
SYS-CON Events announced today that GENBAND, a leading developer of real time communications software solutions, has been named “Silver Sponsor” of SYS-CON's WebRTC Summit, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. The GENBAND team will be on hand to demonstrate their newest product, Kandy. Kandy is a communications Platform-as-a-Service (PaaS) that enables companies to seamlessly integrate more human communications into their Web and mobile applicatio...
VictorOps is making on-call suck less with the only collaborative alert management platform on the market. With easy on-call scheduling management, a real-time incident timeline that gives you contextual relevance around your alerts and powerful reporting features that make post-mortems more effective, VictorOps helps your IT/DevOps team solve problems faster.
Skeuomorphism usually means retaining existing design cues in something new that doesn’t actually need them. However, the concept of skeuomorphism can be thought of as relating more broadly to applying existing patterns to new technologies that, in fact, cry out for new approaches. In his session at DevOps Summit, Gordon Haff, Senior Cloud Strategy Marketing and Evangelism Manager at Red Hat, will discuss why containers should be paired with new architectural practices such as microservices ra...
Roberto Medrano, Executive Vice President at SOA Software, had reached 30,000 page views on his home page - http://RobertoMedrano.SYS-CON.com/ - on the SYS-CON family of online magazines, which includes Cloud Computing Journal, Internet of Things Journal, Big Data Journal, and SOA World Magazine. He is a recognized executive in the information technology fields of SOA, internet security, governance, and compliance. He has extensive experience with both start-ups and large companies, having been ...
Companies today struggle to manage the types and volume of data their customers and employees generate and use every day. With billions of requests daily, operational consistency can be elusive. In his session at Big Data Expo, Dave McCrory, CTO at Basho Technologies, will explore how a distributed systems solution, such as NoSQL, can give organizations the consistency and availability necessary to succeed with on-demand data, offering high availability at massive scale.
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, shared some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, de...
The industrial software market has treated data with the mentality of “collect everything now, worry about how to use it later.” We now find ourselves buried in data, with the pervasive connectivity of the (Industrial) Internet of Things only piling on more numbers. There’s too much data and not enough information. In his session at @ThingsExpo, Bob Gates, Global Marketing Director, GE’s Intelligent Platforms business, to discuss how realizing the power of IoT, software developers are now focu...
Security can create serious friction for DevOps processes. We've come up with an approach to alleviate the friction and provide security value to DevOps teams. In her session at DevOps Summit, Shannon Lietz, Senior Manager of DevSecOps at Intuit, will discuss how DevSecOps got started and how it has evolved. Shannon Lietz has over two decades of experience pursuing next generation security solutions. She is currently the DevSecOps Leader for Intuit where she is responsible for setting and driv...
Operational Hadoop and the Lambda Architecture for Streaming Data Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing...
SYS-CON Events announced today that Vitria Technology, Inc. will exhibit at SYS-CON’s @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Vitria will showcase the company’s new IoT Analytics Platform through live demonstrations at booth #330. Vitria’s IoT Analytics Platform, fully integrated and powered by an operational intelligence engine, enables customers to rapidly build and operationalize advanced analytics to deliver timely business outcomes ...