APRIL 12, 2016
Report cards are out, and American Funds is delighted to announce that we’ve received a Morningstar Stewardship grade A. Morningstar cited our corporate culture, fund board quality, fund manager incentives, fees, and regulatory history as reasons for the top grade. Additionally, they recognized the enhancements that we’ve made to our bond business along with the launch of new funds of funds. The stewardship grade looks at, among other things, a firm’s corporate culture ― how funds are run ― and not at fund strategy, risk or return.
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 or the funds’ characteristics statement, which can be obtained from a financial professional or your relationship manager, and should be read carefully before investing.