SYS-CON MEDIA Authors: Trevor Parsons, Sean Houghton, Glenn Rossman, Ignacio M. Llorente, Xenia von Wedel

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
ScriptRock makes GuardRail, a DevOps-ready platform for configuration monitoring. Realizing we were spending way too much time digging up, cataloguing, and tracking machine configurations, we began writing our own scripts and tools to handle what is normally an enormous chore. Then we took the concept a step further, giving it a beautiful interface and making it simple enough for our bosses to understand. We named it GuardRail after its function - to allow businesses to move fast and stay sa...
In high-production environments where release cycles are measured in hours or minutes — not days or weeks — there's little room for mistakes and no room for confusion. Everyone has to understand what's happening, in real time, and have the means to do whatever is necessary to keep applications up and running optimally. DevOps is a high-stakes world, but done well, it delivers the agility and performance to significantly impact business competitiveness.
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover ...
"BSQUARE is in the business of selling software solutions for smart connected devices. It's obvious that IoT has moved from being a technology to being a fundamental part of business, and in the last 18 months people have said let's figure out how to do it and let's put some focus on it, " explained Dave Wagstaff, VP & Chief Architect, at BSQUARE Corporation, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Media announced today that Sematext launched a popular blog feed on DevOps Journal with over 6,000 story reads over the weekend. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. DevOps Journal brings valuable information to DevOps professionals who are transforming the way enterprise IT is done. Sematext is a globally distributed organization that builds innovative Cloud and On Premises solutions for performance monitoring, alerting an...
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com...
Verizon Enterprise Solutions is simplifying the cloud-purchasing experience for its clients, with the launch of Verizon Cloud Marketplace, a key foundational component of the company's robust ecosystem of enterprise-class technologies. The online storefront will initially feature pre-built cloud-based services from AppDynamics, Hitachi Data Systems, Juniper Networks, PfSense and Tervela. Available globally to enterprises using Verizon Cloud, Verizon Cloud Marketplace provides a one-stop shop fo...
Leysin American School is an exclusive, private boarding school located in Leysin, Switzerland. Leysin selected an OpenStack-powered, private cloud as a service to manage multiple applications and provide development environments for students across the institution. Seeking to meet rigid data sovereignty and data integrity requirements while offering flexible, on-demand cloud resources to users, Leysin identified OpenStack as the clear choice to round out the school's cloud strategy. Additional...
SYS-CON Events announced today that IDenticard will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. IDenticard™ is the security division of Brady Corp (NYSE: BRC), a $1.5 billion manufacturer of identification products. We have small-company values with the strength and stability of a major corporation. IDenticard offers local sales, support and service to our customers across the United States and Canada...
SYS-CON Media announced today that Aruna Ravichandran, VP of Marketing, Application Performance Management and DevOps at CA Technologies, has joined DevOps Journal’s authors. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. DevOps Journal brings valuable information to DevOps professionals who are transforming the way enterprise IT is done. Aruna's inaugural article "Four Essential Cultural Hacks for DevOps Newbies" discusses how to demonstrate the...
The move in recent years to cloud computing services and architectures has added significant pace to the application development and deployment environment. When enterprise IT can spin up large computing instances in just minutes, developers can also design and deploy in small time frames that were unimaginable a few years ago. The consequent move toward lean, agile, and fast development leads to the need for the development and operations sides to work very closely together. Thus, DevOps become...
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, p...
SYS-CON Events announced today that AIC, a leading provider of OEM/ODM server and storage solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. AIC is a leading provider of both standard OTS, off-the-shelf, and OEM/ODM server and storage solutions. With expert in-house design capabilities, validation, manufacturing and production, AIC's broad selection of products are highly flexible and are conf...

ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ --  IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's

The BPM world is going through some evolution or changes where traditional business process management solutions really have nowhere to go in terms of development of the road map. In this demo at 15th Cloud Expo, Kyle Hansen, Director of Professional Services at AgilePoint, shows AgilePoint’s unique approach to dealing with this market circumstance by developing a rapid application composition or development framework.