- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Los Angeles, CA 90071 Los Angeles CT United States of America 06830
- IPO Date
- Mar 15, 2001
- Business
- American Funds American Mutual Fund (AMFCX) is a large-value mutual fund managed by Capital Group that seeks current income, growth of capital, and conservation of principal through a diversified portfolio emphasizing U.S. equities; primarily invests in dividend-paying large- and mid-capitalization value stocks across sectors including information technology (22.8%), financials (14.0%), industrials (13.7%), and health care (13.5%), with limited exposure to non-U.S. equities (6.5%), bonds, and cash equivalents; offers multiple share classes including Class C (AMFCX, net expense ratio 1.32%), Class A (AMRMX), Class F-1 (AMFFX), and Class F-2 (AMRFX), with minimum initial investments starting at $250 and quarterly dividends plus annual capital gains distributions. Launched on February 21, 1950, as part of the American Funds family, the fund is domiciled in the United States and available primarily to U.S. investors through brokers, financial advisors, 401(k) plans, and intermediaries; managed by a team of experienced portfolio managers including Grant Cambridge (since 2021), Charles Ellwein (since 2016), Cheryl Frank (since 2014), Martin Jacobs (since 2024), Jim Lovelace (since 2006), Will Robbins (since 2008), and Brant Thompson (since 2023), employing Capital Group's multimanager system with approximately 164 holdings and 30% annual turnover. Capital Group, the fund's investment manager founded in 1931 and headquartered at 333 South Hope Street in Los Angeles, California, oversees about $2.8 trillion in assets under management globally, with operations across the Americas, Europe, Asia, and Australia. In recent developments, Capital Group formed an exclusive strategic partnership with KKR in May 2024 to develop hybrid public-private investment solutions, launching the first two interval funds—Capital Group KKR Core Plus+ and Capital Group KKR Multi-Sector+—focused on credit strategies in April 2025, with plans for equity-focused products and expanded private market access for U.S. wealth clients; additionally, the firm announced management team changes for American Mutual Fund effective January 1, 2026, consolidating to Capital Research Global Investors and redistributing assets among remaining managers following the departure of Will Robbins and Brant Thompson.