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3 Strong-Buy American Funds Mutual Funds

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American Funds - a segment of Capital Group - currently has nearly $1 trillion assets under management invested in mutual funds across a wide range of categories including both equity and fixed-income funds. The company generally focuses on providing long-term returns to investors. American Funds claims to have managers with an average of 27 years of investment experience. Meanwhile, its parent company, Capital Group, which currently has around $1.4 trillion assets, is one of the biggest investment management organizations of the world. Founded in 1931, the company offers a wide range of financial services all over the world through its offices in different regions including North America and Europe, and 7,000 associates.

Below we share with you 3 top-rated American Funds mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. To view the Zacks Rank and past performance of all American Funds mutual funds, investors can click here to see the complete list of American Funds mutual funds .

American Funds New Perspective A ( ANWPX ) seeks long-term capital appreciation. ANWPX invests in companies throughout the globe in order to take advantage of changes in factors including international trade patterns and economic relationships. ANWPX primarily focuses on acquiring common stocks of companies that have impressive growth prospects. ANWPX may also invest in companies that are believed to pay dividend in the future to generate future income. The American Funds New Perspective A fund returned 5.1% in the past one-year period.

ANWPX has an expense ratio of 0.75% compared to the category average of 1.28%.

American High-Income Municipal Bond A ( AMHIX ) invests a major portion of its assets that provide a federal income tax free return or that have a return subject to minimum alternative federal tax. AMHIX invests a minimum of half of its assets in debt instruments that are BBB+ or Baa1 or below. The American High-Income Municipal Bond A fund has returned 4.1% in the past one-year period.

As of September 2015, AMHIX held 1,272 issues, with 1.49% of its assets invested in Tobacco Settlement Fing Corp N Asset 5%.

American Funds Intermediate Bond Fund of America A ( AIBAX ) seeks current income with capital preservation. AIBAX invests in bonds, other debt securities and money market derivatives with a dollar-weighted average effective maturity between three and five years. AIBAX invests in securities that are rated not below A- or A3. AIBAX focuses on acquiring securities that are denominated in the U.S. dollar. The American Funds Intermediate Bond Fund of America A fund has returned 0.7% in the past one-year timeframe.

Mark A. Brett is the one of fund managers of AIBAX since 2009.

To view the Zacks Rank and past performance of all American Funds mutual funds, investors can click here to see the complete list of American Funds mutual funds .

About Zacks Mutual Fund Rank

By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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ANWPX AIBAX AMHIX

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