American Funds American Mutual C Fund (AMFCX) a Zacks Rank #1 (Strong Buy) was incepted in February 1950 and is managed by Capital Research and Management Company. The objective of AMFCX is to provide for the balanced accomplishment of three objectives current income, capital growth and conservation of principal. AMFCX invests primarily in common stocks, securities convertible into common stocks, non-convertible preferred stocks, U.S. government securities, bonds rated A or better and cash.
This Large Value product, as of the last filing, allocates their fund in four major groups; Large Value, Intermediate Bond, Large Growth and Emerging Market. Further, as of the last filing, Verizon Communications Inc (NYSE:VZ), Amgen Inc (NASDAQ:AMGN) and Texas Instruments (NASDAQ:TXN) Inc were the top holdings for AMFCX.
The American Funds American Mutual C fund, managed by American Funds, carries an expense ratio of 1.38%. Moreover, AMFCX requires a minimal initial investment of $250.
AMFCX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 8.6% and 5 year 13.1%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
AMFCX’s performance, as of the last filing, when compared to funds in its category was in the top 13% over the past 1 year and in the top 42% over the past 3 years.
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Zacks Investment Research