No. 3: Capital Research & Management
Total mutual fund assets: $1.6 trillion
Long-term assets: $1.6 trillion
The American Funds are the Cadillac of broker-sold funds, offering a relatively small number of reliable, team-managed products with low expenses. Last year, the fund group made all of its funds available no-load on the brokerage platforms of Fidelity and Schwab. Its largest fund is the American Funds Growth Fund of America (AGTHX), with $168 billion in assets.