Compare the results of a hypothetical $10,000 investment in Class R-6 shares of our three U.S. equity-focused Defined Contribution Focus Funds when the first S&P 500 tracking fund began on August 31, 1976, through 2022.
Over rolling monthly 10-year periods through 2022, the fund has frequently outpaced the S&P 500 and its peer average.†
Percentage of rolling periods in which:
Fund outpaced index:
Fund outpaced peers:
214 out of 241
208 out of 241
Rolling monthly 10-year periods
Morningstar Medalist RatingTM of Bronze‡
Analyst-Driven%
100.0
Data Coverage%
100.0
Over rolling monthly 10-year periods through 2022, the fund has frequently outpaced the S&P 500 and its peer average.†
Percentage of rolling periods in which:
Fund outpaced index:
Fund outpaced peers:
221 out of 241
241 out of 241
Rolling monthly 10-year periods
Morningstar Medalist RatingTM of Bronze‡
Analyst-Driven%
100.0
Data Coverage%
100.0
A “most used” defined
contribution plan fund§
Morningstar
“Thrilling 30” fund**
Income focus has provided downside resilience.
Average monthly rolling 10-year downside capture ratio for 30 years ended December 31, 2022.1
Source: Morningstar, Capital Group. WMIF yield is 30-day SEC yield, as of June 30, 2023; average yields are 12-month yields, as of January 31, 2023. Downside capture ratio is the ratio of a fund’s return when the index was down, divided by the return of the index during those periods. For example, a downside capture ratio lower than 100 indicates the fund produced a higher return than the index during periods when the index was down, and a ratio higher than 100 indicates a lower return than the index. In October 2018, WMIF was placed in the Large Blend category. Previously the fund had been classified as Large Value for a number of years.
Morningstar Medalist RatingTM of Gold‡
Analyst-Driven%
100.0
Data Coverage%
100.0
A “most used” defined
contribution plan fund§
†Rolling monthly 10-year periods for the past 30 years, ending December 31, 2022. Fund peers are represented by the Morningstar U.S. Fund Large Growth category, which represents the averages of stocks in the top 70% of the capitalization of the U.S. equity market that are defined as large cap. Growth is based on fast growth (high growth rates for earnings, sales, book value and cash flow) and high valuations (high price ratios and low dividend yields). Most of these portfolios focus on companies in rapidly expanding industries.
‡ Sources: Morningstar Managed Investment Report, Stephen Welch, as of May 24, 2023, for AMCAP Fund, May 1, 2023, for The Growth Fund of America, and July 28, 2022, for Washington Mutual Investors Fund, based on Class R-6 shares. Analyst-Driven % is the weighted percentage of a vehicle's pillar ratings assigned directly or indirectly by analysts. Data Coverage % is a summary metric describing the level of data completeness used to generate the overall rating. As of May 2, 2023, the Morningstar Analyst Rating™ and the Morningstar Quantitative Rating™ were unified into a single rating, the Morningstar Medalist Rating™.
§Source: “Mutual funds most used by DC plans, by asset class 2022,” Pensions & Investments, November 2, 2022, based on assets as of June 30, 2022, U.S. equity category.
**Source: Morningstar, "The Thrilling 30" by Russel Kinnel, September 29, 2023. Morningstar's screening took into consideration expense ratios, manager ownership, returns over manager's tenure, and Morningstar Risk, Medalist and Parent ratings. The universe was limited to share classes accessible to individual investors with a minimum investment no greater than $50,000, did not include funds of funds, and must be rated by Morningstar analysts. Class A shares were evaluated for American Funds. Visit morningstar.com for more details.
Unless otherwise indicated, data is as of December 31, 2022, and fund data is for Class R-6 shares.
S&P 500 Index is a market capitalization-weighted index based on the results of approximately 500 widely held common stocks. The index is unmanaged, and its results include reinvested dividends and/or distributions but do not reflect the effect of sales charges, commissions, account fees, expenses or U.S. federal income taxes.
Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Investing for short periods makes losses more likely. Prices and returns will vary, so investors may lose money. View mutual fund expense ratios and returns. View current mutual fund SEC yields.
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Capital Group offers a range of share classes designed to meet the needs of retirement plan sponsors and participants. The different share classes incorporate varying levels of financial professional compensation and service provider payments. Because Class R-6 shares do not include any recordkeeping payments, expenses are lower and results are higher. Other share classes that include recordkeeping costs have higher expenses and lower results than Class R-6.
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