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Founded in 1931, Capital Group 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. With an average of 27 years of investment experience, American Funds, a segment of Capital Group, offers a wide range of mutual funds with an objective of providing long-term returns.

American Funds currently manages nearly $1 trillion, allocated to a large number of mutual funds including equity as well as fixed-income funds. Moreover, one of the biggest investment management organizations in the world, Capital Group, has around $1.3 trillion assets under management.

Below we share with you three top-ranked mutual funds from American Funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of American Funds mutual funds.

American Funds The Growth Fund of America Class R-6 (RGAGX - Free Report) invests a bulk of its assets in common stocks of companies, which generally offer capital appreciation. RGAGX may also invest around one-fourth of its assets in securities of foreign companies. The fund attains its investment objective by using the multiple portfolio manager system. American Funds The Growth Fund of America Class R-6 has three-year annualized returns of 10.5%.

As of June 2017, RGAGX held 365 issues with 6.54% of its assets invested in Amazon.com Inc.

American Funds Washington Mutual Investors Fund Class R-6 (RWMGX - Free Report) seeks income through growth of principal. RWMGX generally invests in common stocks of well-known companies trading on the New York Stock Exchange. The fund maintains a diversified portfolio by investing in securities of companies having an impressive record of earnings and dividend. American Funds Washington Mutual Investors Fund Class R-6has three-year annualized returns of 8.8%.

RWMGX has an expense ratio of 0.30% compared with the category average of 1.06%.

American High-Income Municipal Bond Fund Class A (AMHIX - Free Report) 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 rated Baa1 or BBB+ or lower. American High-Income Municipal Bond A has three-year annualized returns of 5.1%.

Chad Rach is one of the fund managers of AMHIX since 2011.

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.

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