LOS ANGELES, March 27, 2023 — Capital Group’s American Funds have won a total of 29 Refinitiv Lipper Fund Awards. One of the world’s largest asset managers, Capital Group is known for its family of competitively priced, active mutual funds that seek to deliver superior returns over the long-term. In addition, Capital Research & Management Company received awards in the Overall and Fixed Income categories. This marks the 16th consecutive year that American Funds has taken home multiple Refinitiv Lipper awards.
“We are honored that Refinitiv has again recognized so many of our investment services for their strong, risk-adjusted three-, five-, and ten-year results relative to peers,” said Maddi Dessner, head of asset class services at Capital Group. “We are particularly proud of the breadth of our fixed income and equity funds being acknowledged, as well as our target-date series. Our underlying funds are the building blocks for portfolio success and are what have allowed us to focus on improving the lives of so many people through successful investing over the last 90 years.”
“The 2023 Refinitiv Lipper Fund Awards recognize those award-winning managers who navigated their shareholders through the impacts of a global pandemic and then the perfect storm of economic shocks leading to generational inflation pressure and global central bank interventions. Prospects for potential recessionary forces taking hold and subdued returns across most major asset classes in 2023, highlights the need for adept stewardship of one’s investments. Fund managers will need to guide their investors through these challenging times and position them favorably for the eventual recovery.
We applaud the 2023 Refinitiv Lipper Fund Award winners, including Capital Group’s American Funds, for delivering to investors’ portfolios through a cross-current of global economic disruptions,” Robert Jenkins, Head of Research, Lipper, Refinitiv.
Following is a complete list of American Funds honored by Lipper:
Fund name |
Ticker symbol |
Lipper classification |
Winner year — 3, 5 or 10 |
|---|---|---|---|
| American Funds Strategic Bond Fund SM, F-3 | ANBGX | Core Plus Bond Funds | 3, 5 |
| American Funds US Government Bond Fund ®, R-6 |
RGVGX | General U.S. Government Funds | 3, 5, 10 |
American Funds New Perspective Fund®, R-6 |
RNPGX | Global Large-Cap Growth Funds | 10 |
| American Funds 2010 Target Date Retirement Fund®, R-6 | RFTTX | Mixed-Asset Target 2010 Funds | 3, 5, 10 |
| American Funds 2015 Target Date Retirement Fund®, R-6 | RFJTX | Mixed-Asset Target 2015 Funds | 3, 5 |
| American Funds 2020 Target Date Retirement Fund®, R-6 | RRCTX | Mixed-Asset Target 2020 Funds | 3 |
| American Funds 2025 Target Date Retirement Fund®, R-6 | RFDTX | Mixed-Asset Target 2025 Funds | 3, 10 |
| American Funds 2030 Target Date Retirement Fund®, F-3 and R-6 | FCETX (F-3) RFETX (R-6) |
Mixed-Asset Target 2030 Funds | 3, 5 (F-3) 10 (R-6) |
| American Funds 2035 Target Date Retirement Fund®, F-3 and R-6 | FDFTX (F-3) RFFTX (R-6) |
Mixed-Asset Target 2035 Funds | 5 (F-3) 10 (R-6) |
| American Funds 2040 Target Date Retirement Fund®, R-6 | Mixed-Asset Target 2040 Funds | 5, 10 | |
| American Funds 2045 Target Date Retirement Fund®, R-6 | Mixed-Asset Target 2045 Funds | 10 |
|
| American Funds 2050 Target Date Retirement Fund®, R-6 | Mixed-Asset Target 2050 Funds | 10 |
|
| American Funds 2055 Target Date Retirement Fund®, R-6 | Mixed-Asset Target 2055 Funds | 10 |
|
| American Funds Retirement Income Portfolio - Enhanced SM, F-3 | Retirement Income Funds | 3, 5 |
|
| American Funds Short-Term Bond Fund of America ®, R-6 | Short U.S. Government Funds | 5 |
|
FIRM name |
ASSET CLASS GROUP |
FIRM SIZE |
|
Capital Research & Management Company |
Overall |
Large | |
Capital Research & Management Company |
Fixed Income |
Large |
Capital Group, home of American Funds, has been singularly focused on delivering superior results for long-term investors using high-conviction portfolios, rigorous research, and individual accountability since 1931.
As of December 31, 2022, Capital Group manages approximately $2.2 trillion in equity and fixed-income assets for millions of individuals and institutional investors around the world. Capital Group manages 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.
For more information, visit capitalgroup.com
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 fund prospectuses and summary prospectuses which can be obtained from a financial professional, Capital or your relationship manager, and should be read carefully before investing.
Each target date fund is composed of a mix of the American Funds and is subject to the risks and returns of the underlying funds. Underlying funds may be added or removed during the year. Although the target date funds are managed for investors on a projected retirement date time frame, the funds' allocation strategy does not guarantee that investors' retirement goals will be met. The target date is the year that corresponds roughly to the year in which an investor is assumed to retire and begin taking withdrawals. American Funds investment professionals manage the target date fund's portfolio, moving it from a more growth-oriented strategy to a more income-oriented focus as the fund gets closer to its target date. Investment professionals continue to manage each fund for approximately 30 years after it reaches its target date.
The Retirement Income Portfolio Series allocations may not achieve investment objectives and adequate income through retirement is not guaranteed. The portfolios’ risks are directly related to the risks of the underlying funds. Payments consisting of return of capital will result in a decrease in an investor’s fund share balance. Higher rates of withdrawal and withdrawals during declining markets may result in a more rapid decrease in an investor’s fund share balance. Persistent returns of capital could ultimately result in a zero account balance.
The return of principal for bond funds and for funds with significant underlying bond holdings is not guaranteed. Fund shares are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings. The fund may engage in frequent and active trading of its portfolio securities, which may involve correspondingly greater transaction costs, adversely affecting the fund’s results. Fund shares of U.S. Government Securities Fund are not guaranteed by the U.S. government.
Investing outside the United States involves risks, such as currency fluctuations, periods of illiquidity and price volatility, as more fully described in the prospectus. These risks may be heightened in connection with investments in developing countries. Small-company stocks entail additional risks, and they can fluctuate in price more than larger company stocks.
The use of derivatives involves a variety of risks, which may be different from, or greater than, the risks associated with investing in traditional cash securities, such as stocks and bonds. Lower rated bonds are subject to greater fluctuations in value and risk of loss of income and principal than higher rated bonds.
All Capital Group trademarks referenced are registered trademarks owned by The Capital Group Companies, Inc. or an affiliated company. All other company and product names mentioned are the trademarks or registered trademarks of their respective companies.
This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.
Capital Client Group, Inc.
© 2023 Capital Group. All rights reserved.
The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is an objective, quantitative, risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, see lipperfundawards.com. Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data used to calculate the awards, their accuracy is not guaranteed.
Asset class and overall group awards are given to the company that is responsible for establishing the fund by appointing the fund management company, and promoting and/or distributing the fund, the brand of the fund and the product range. Large fund family groups with at least five equity, five bond and three mixed-asset portfolios are eligible for an overall group award. The lowest average decile rank of the three years’ Consistent Return measure of the eligible funds per asset class and group will determine the asset class group award winner over the three-year period. Generally, winning funds over three years within the 20 largest classifications per award universe according to assets under management will be awarded a trophy. See lipperfundawards.com. for additional details.