Washington Mutual Investors Fund (2024)

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.Viewmutual fund expense ratios and returns.

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.

The Morningstar Analyst Rating™ is not a credit or risk rating. It is a subjective evaluation performed by Morningstar's manager research group, which consists of various Morningstar, Inc. subsidiaries (“Manager Research Group”). In the United States, that subsidiary is Morningstar Research Services LLC, which is registered with and governed by the U.S. Securities and Exchange Commission. The Manager Research Group evaluates funds based on five key pillars, which are process, performance, people, parent, and price. The Manager Research Group uses this five-pillar evaluation to determine how they believe funds are likely to perform relative to a benchmark over the long term on a risk adjusted basis. They consider quantitative and qualitative factors in their research. For actively managed strategies, people and process each receive a 45% weighting in their analysis, while parent receives a 10% weighting. For passive strategies, process receives an 80% weighting, while people and parent each receive a 10% weighting. For both active and passive strategies, performance has no explicit weight as it is incorporated into the analysis of people and process; price at the share-class level (where applicable) is directly subtracted from an expected gross alpha estimate derived from the analysis of the other pillars. The impact of the weighted pillar scores for people, process and parent on the final Analyst Rating is further modified by a measure of the dispersion of historical alphas among relevant peers. For certain peer groups where standard benchmarking is not applicable, primarily peer groups of funds using alternative investment strategies, the modification by alpha dispersion is not used. The Analyst Rating scale is Gold, Silver, Bronze, Neutral, and Negative. For active funds, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group's expectation that an active fund will be able to deliver positive alpha net of fees relative to the standard benchmark index assigned to the Morningstar category. The level of the rating relates to the level of expected positive net alpha relative to Morningstar category peers for active funds. For passive funds, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group's expectation that a fund will be able to deliver a higher alpha net of fees than the lesser of the relevant Morningstar category median or 0. The level of the rating relates to the level of expected net alpha relative to Morningstar category | Morningstar Analyst and Quantitative Rating Morningstar Essentials 31 peers for passive funds. For certain peer groups where standard benchmarking is not applicable, primarily peer groups of funds using alternative investment strategies, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group's expectation that a fund will deliver a weighted pillar score above a predetermined threshold within its peer group. Analyst Ratings ultimately reflect the Manager Research Group's overall assessment, are overseen by an Analyst Rating Committee, and are continuously monitored and reevaluated at least every 14 months. For more detailed information about Morningstar's Analyst Rating, including its methodology, please go to shareholders.morningstar.com/investor-relations/governance/Compliance--Disclosure/default.aspx. The Morningstar Analyst Rating (i) should not be used as the sole basis in evaluating a fund, (ii) involves unknown risks and uncertainties which may cause the Manager Research Group's expectations not to occur or to differ significantly from what they expected, and (iii) should not be considered an offer or solicitation to buy or sell the fund.

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.

There may have been periods when the results lagged the index(es) and/or average(s).The indexes are unmanaged and, therefore, have no expenses. Investors cannot invest directly in an index.

Each S&P Index ("Index") shown is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Capital Group. Copyright ©2024 S&P Dow Jones Indices LLC, a division of S&P Global, and/or its affiliates. All rights reserved. Redistribution or reproduction in whole or in part is prohibited without written permission of S&P Dow Jones Indices LLC.

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

Investment results assume all distributions are reinvested and reflect applicable fees and expenses.

When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower and net expenses higher. Please refer to capitalgroup.com for more information.Read detailsabout how waivers and/or reimbursements affect the results for each fund.Viewresults and yields without fee waiver and/or expense reimbursement.

Certain share classes were offered after the inception dates of some funds. Results for these shares prior to the dates of first sale are hypothetical based onthe original share class results without a sales charge, adjusted for typical estimated expenses.

  • Class R-6 shares were first offered on 5/1/2009.

Results for certain funds with an inception date after the share class inception also include hypothetical returns because those funds' shares sold after the funds' date of first offering.Viewdates of first sale and specific expense adjustment information.

  1. Expense ratios are as of each fund's prospectus available at the time of publication.

Use of this website is intended for U.S. residents only. Use of this website and materials is also subject to approval by your home office.

American Funds Distributors, Inc.

This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.

© 2024 Morningstar, Inc. All Rights Reserved. Some of the information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar, its content providers nor Capital Group are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Information is calculated by Morningstar. Due to differing calculation methods, the figures shown here may differ from those calculated by Capital Group.

As a financial expert with a deep understanding of investment concepts, I will dissect the information provided in the article, offering insights and explanations related to the various terms and concepts mentioned.

  1. Past Performance Disclaimer:

    • The article emphasizes that figures shown are past results and are not predictive of future performance.
    • This is a standard disclaimer in the financial industry, acknowledging that historical performance does not guarantee future success.
  2. Investing for Short Periods:

    • The warning about investing for short periods highlights the increased likelihood of losses. Short-term fluctuations are common, and investors should be aware of the potential volatility.
  3. Mutual Fund Expense Ratios and Returns:

    • The article advises investors to view mutual fund expense ratios and returns. Expense ratios represent the costs associated with managing the fund, and returns indicate the performance.
  4. FDIC Insurance Exclusion:

    • Investments are not FDIC-insured, indicating that they are not guaranteed by the government. This is typical for securities, unlike traditional bank deposits.
  5. Risk Considerations:

    • Investors are urged to carefully consider investment objectives, risks, charges, and expenses. This emphasizes the importance of thorough research and understanding the potential downsides.
  6. Morningstar Analyst Rating™:

    • Morningstar's Analyst Rating is explained as a subjective evaluation based on five key pillars: process, performance, people, parent, and price.
    • The Analyst Rating scale includes Gold, Silver, Bronze, Neutral, and Negative, reflecting Morningstar's assessment of a fund's potential performance relative to its peers.
  7. Evaluation Criteria for Active and Passive Strategies:

    • Active strategies are evaluated based on people and process, with a 45% weighting each, and parent with a 10% weighting.
    • Passive strategies prioritize process with an 80% weighting, while people and parent each receive a 10% weighting.
    • The Analyst Rating for passive funds reflects the expectation of delivering higher alpha compared to the relevant Morningstar category median or 0.
  8. Capital Group Share Classes:

    • Capital Group offers various share classes with different levels of financial professional compensation and service provider payments.
    • Class R-6 shares, without recordkeeping payments, have lower expenses and higher results compared to other share classes that include recordkeeping costs.
  9. Performance Disclaimers for Indexes:

    • The article clarifies that indexes are unmanaged and have no expenses. Investors cannot directly invest in an index.
  10. S&P Dow Jones Indices Licensing:

    • S&P Indexes used are products of S&P Dow Jones Indices LLC and have been licensed for use by Capital Group.
  11. Trademarks and Copyrights:

    • Trademarks mentioned are owned by The Capital Group Companies, Inc. Other names are the property of their respective companies.
    • Copyright information emphasizes the proprietary nature of the content.
  12. Results Calculation and Hypothetical Returns:

    • Investment results assume reinvestment of all distributions and reflect applicable fees and expenses, including fee waivers and/or expense reimbursements.
    • Hypothetical returns may be included for certain share classes offered after fund inception.
  13. Website Usage Limitations:

    • The use of the website is intended for U.S. residents only and subject to approval by the home office.
  14. Disclaimer by Morningstar and Capital Group:

    • Morningstar and Capital Group disclaim responsibility for damages or losses arising from the use of information. Past performance is not indicative of future results.

In conclusion, this comprehensive article covers a range of crucial investment concepts, from past performance disclaimers to the evaluation of funds by Morningstar and considerations for different share classes offered by Capital Group. Investors are strongly advised to conduct thorough research and consider the associated risks before making investment decisions.

Washington Mutual Investors Fund (2024)

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