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7 American Funds among the Morningstar® “Thrilling 31”
For the 11th year in a row, investment research firm Morningstar included several of Capital Group’s American Funds on its list of "great" mutual funds. Of the 31 funds chosen from a universe of more than 8,000 eligible funds, seven were American Funds:
- American Balanced Fund®
Allocation — 50% to 70% Equity
- The Income Fund of America®
Allocation — 70% to 85% Equity
- The Growth Fund of America®
Large Growth
- American Mutual Fund®
Large Value
- Capital Income Builder®
Global Allocation
- The New Economy Fund®
Global Large-Stock Growth
- New Perspective Fund®
Global Large-Stock Growth
Funds were selected based on what Morningstar believes are the “data that are linked to strong long-term performance,” 8 tests assessing returns, expenses, risk, analyst ratings and more. Less than half of 1% of the screened funds made the final cut.
* Source: Morningstar FundInvestor, The Thrilling 31: A List of Great Funds by Russell Kinnel, October, 2022. Morningstar’s screening took into consideration expense ratios, manager ownership, returns over manager’s tenure, and Morningstar Risk, Analyst and Parent ratings. The universe was limited to share classes accessible to individual investors with a minimum investment no greater than $50,000 and did not include funds of funds. Class A shares were evaluated for American Funds. Visit www.morningstar.com for more details.
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