- Business
- American Funds American Mutual Fund Class F-1 (AMFFX) is an open-end mutual fund managed by Capital Group Companies, Inc. that seeks current income, growth of capital, and conservation of principal through a portfolio primarily invested in common stocks of established companies domiciled or conducting substantial business in the United States, with limited exposure to non-U.S. equities, cash equivalents, and other assets. The fund, part of the American Funds family offered through share classes including F-1 for retirement plans and financial intermediaries, emphasizes large-cap value stocks across sectors such as information technology (approximately 22%), financials (15%), industrials (15%), health care (13%), utilities (7%), and consumer staples (7%); it holds over 168 issuers with about 90% in U.S. equities, 6% in non-U.S. equities from regions including Canada, Europe/Middle East, Japan, and emerging markets ex-China, a portfolio turnover rate of 31% for 2024, and a net expense ratio of 0.64%. AMFFX pays regular quarterly dividends in March, June, September, and December, along with annual capital gains in December, and maintains a minimum initial investment of $250 with assets under management exceeding $109 billion as of mid-2025.
Capital Group Companies, Inc., the fund's investment manager founded in 1931 and headquartered in Los Angeles, California, operates globally with offices across the Americas, Asia, Europe, and Australia, serving individual investors, financial advisors, retirement plans, and institutions through diverse equity, fixed income, multi-asset, and alternative strategies under brands like American Funds.
In recent developments, Capital Group has expanded its offerings through a strategic partnership with KKR announced in 2024 and advanced in 2025, launching interval funds such as Capital Group KKR Core Plus+ and Capital Group KKR Multi-Sector+ focused on private credit strategies in April 2025, filing for a public-private equity interval fund in July 2025, and announcing further innovations in retirement solutions, model portfolios, and insurance asset management as of December 2025; additionally, the firm completed a periodic self-assessment leading to portfolio management changes for American Mutual Fund effective January 1, 2026, with management shifting to Capital Research Global Investors only and removal of the Capital International Investors team.