American Funds Wins in Every Target Date Fund Category at Lipper

LOS ANGELES, March 24, 2017 /PRNewswire/ -- American Funds, a family of mutual funds from Capital Group, one of the world's largest investment management firms, has won a total of 24 Lipper Fund Awards for three of its equity funds, New Perspective Fund^®, EuroPacific Growth Fund^®, SMALLCAP World Fund^®, and for its American Funds Target Date Retirement Series^®. American Funds took home the most target date awards of any fund family, securing wins for multiple periods in every eligible target date category.

"We are so pleased to be recognized by Lipper for the outstanding results our funds have delivered," said Matt O'Connor, president of American Funds Distributors. "Our strong lineup of time-tested American Funds, including the three equity funds honored today, provide the building blocks for our target date series. We designed our glide path to meet the dual goals of building and preserving wealth for investors."

The American Funds Target Date Retirement Series' glide path is constructed in a unique way to maintain meaningful exposure to income-oriented equities that have a history of lower volatility. "It's not just how much equity we hold in our target date series — it's what kind," said O'Connor.

"We congratulate American Funds for capturing awards in every target date fund category," said Robert Jenkins, Global Head of Research at Thomson Reuters Lipper. "Their New Perspective Fund, EuroPacific Growth Fund, SMALLCAP World Fund, and American Funds Target Date Retirement Series demonstrate the superior risk-adjusted returns we honor."

Launched in 2007, the American Funds Target Date Retirement Series^® is celebrating its 10^th anniversary this year. New Perspective Fund^® was incepted in 1973; EuroPacific Growth Fund^® in 1984; and SMALLCAP World Fund^® in 1990.

About Capital Group

Since 1931, Capital Group, home of the American Funds, has been singularly focused on delivering superior results¹ for long-term investors using high-conviction portfolios, rigorous research and individual accountability. Today, Capital Group manages more than US$1.4 trillion in equity and fixed income assets for millions of individual and institutional investors around the world.²

The Capital Group companies manage 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.

¹  Equity funds have beaten their Lipper peer indexes in 93% of 10-year periods and 98% of 20-year periods. Fixed income funds have beaten their Lipper indexes in 80% of 10-year periods and 80% of 20-year periods. Based on Class F-2 share results for rolling periods through December 31, 2016. Periods covered are the shorter of the fund's lifetime or since the comparable Lipper index inception date (except Capital Income Builder and SMALLCAP World Fund, for which the Lipper average was used). Expenses differ for each share class, so results will vary. Class F-2 shares were first offered on August 1, 2008. Class F-2 share results prior to the date of first sale are hypothetical based on Class A share results without a sales charge, adjusted for typical estimated expenses. Results for certain funds with an inception date after August 1, 2008, also include hypothetical returns because those funds' Class F-2 shares sold after the funds' date of first offering. Please see americanfunds.com for more information on specific expense adjustments and the actual dates of first sale.

²As of December 31, 2016

The 2017 Lipper Fund Awards were awarded on March 23, 2017. Fund awards were based on risk-adjusted returns as of November 30, 2016.

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. The target date is the year in which an investor is assumed to retire and begin taking withdrawals. Although the target date funds are managed for investors on a projected retirement date time frame, the fund's allocation strategy does not guarantee that investors' retirement goals will be met. American Funds investment professionals actively manage each 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.

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 and should be read carefully before investing.

Contact:
Tom Joyce
(213) 615-0514
[email protected]

Abbas Qasim
(212) 830-0103
[email protected]

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© 2017 American Funds Distributors, Inc.

SOURCE American Funds