Fund Spy

This Gold-Rated Fund May Be Old, but It's Not Outdated

Alec Lucas, Ph.D.

The following is our latest Fund Analyst Report for American Funds American Mutual Fund (AMRMX). Morningstar Premium Members have access to full analyst reports such as this for more than 1,000 of the largest and best mutual funds. Not a Premium Member? Gain full access to our analyst reports and advanced tools immediately when you try Morningstar Premium free for 14 days. 

American Funds American Mutual’s effective balance between capital preservation and growth merits a Morningstar Analyst Rating of Gold. The fund’s approach is old, but not outdated. Since its 1950 inception, the fund has focused on dividend-paying industry leaders while avoiding firms that derive most of their revenue from alcohol or tobacco products. The alcohol and tobacco component of the mandate anticipated by decades the proliferation of socially conscious strategies; and while it limits the fund’s opportunity set, it hasn’t impaired long-term results.

Alec Lucas, Ph.D. does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.

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