Is American Funds American Mutual A Fund (AMRMX) Worth Another Look?
American Funds American Mutual A (AMRMX) a Zacks Rank #1 (Strong Buy) seeks to provide for the balanced accomplishment of three objectives current income, capital growth and conservation of principal. AMRMX 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 fund, as of the last filing, allocates their fund in three major groups; Large Growth, Large Value and Intermediate Bond. Further, as of the last filing, VERIZON COMMUNICATIONS INC, AMGEN INC and TEXAS INSTRUMENTS INC were the top holdings for AMRMX.
The American Funds American Mutual A fund, managed by American Funds, carries an expense ratio of 0.6%. Moreover, AMRMX requires a minimal initial investment of $250.
AMRMX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 6.27%, 3 year 7.22% and 5 year 11.75%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.
AMRMX’s performance, as of the last filing, when compared to funds in its category was in the top 9% in 1 year, top 28% over the past 3 years, and in the 45% over the past 5 years.
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