10 American Mutual Funds: Invest in the Best MFs; Since the early 1930s, the Capital Group’s American Funds family has provided mutual funds to investors. It now has 54 fund offerings over a wide range of areas.
American Mutual Funds
1) American Funds Investment Company of America
The Investment Company of America fund (AIVSX) is a growth and income-oriented equity mutual fund that has been actively managed. Since its creation in 1934, the typical annual return has been 12.04%, surpassing the S&P 500’s 10.64% average yearly return for the same.
2) American Mutual Fund
The American Mutual Fund (AMRMX) is a large-cap values fund and seeks to save money by choosing the companies with solid fundamentals and long-term dividends (American Mutual Funds). Since its inception in 1950, the fund has averaged an annual return of 11.53%.
3) New Perspective Fund
In March 1973, American Funds introduced the New Perspective Fund (ANWPX), with the investing aim of long-term capital appreciation. The fund management mostly invests in blue-chip international corporations through common stock, preferred stock, bonds, or convertible instruments.
4) AMCAP Fund
The AMCAP Fund (AMCPX), established in 1967, pursues long-term capital growth by choosing firms with consistently higher profits (American Mutual Funds). The fund’s ten-year average annual return is 12.43%.
5) The Growth Fund of America
The Growth Fund of America (AGTHX), founded in December 1973, goes after long-term capital growth through investing in cyclical firms, undervalued companies, and possible turnaround stories.
6) The Income Fund of America
The Income Fund of America (AMECX), which debuted in December 1973, pursues capital growth by investing (American Mutual Funds) in a mix of equities, convertible instruments, and bonds. It has a 10-year annualised return of 7.71%.
7) American Balanced Fund
The American Balanced Fund (ABALX), which debuted in July 1975, pursues long-term capital and income expansion by investing at least 60% of its financial holdings in shares of common stock and 40% in the bond market as a whole.
8) The Bond Fund of America
The Bond Fund of America (ABNDX) (American Mutual Funds), established in 1973, manages a diverse stable income assets by responding to evolving bond market circumstances in pursuit of high income and capital preservation.
9) The Tax-Exempt Bond Fund of America
The Tax-Exempt Bond Fund of America (AFTEX), established in October 1979, intends to maximise tax-exempt income by investing largely in municipalities and government-issued bonds.
10) Fundamental Investors Fund
Since its creation in August 1978, the Fundamental Investors Fund (ANCFX) has sought for value-add opportunities and businesses with superior sales and profits prospects.