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
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:
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
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
Keywords for this news article include: American Funds, Banking and Finance.
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