American Funds Fundamental Investors F1 (AFIFX) seeks long-term growth of capital and income primarily through investments in common stocks. AFIFX's holdings typically represent good value and possess above-average potential for growth in sales, earnings and dividends. The fund primarily invests in common stocks or securities convertible into common stocks, bonds, U.S. government securities and cash. The fund may invest up to 30% of assets in securities of issuers based outside the United States and not included in the S&P 500. The fund may invest up to 5% of assets in debt securities rated BA and BB.
This Large Blend product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 10.1% and 5 year 15.5%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
AFIFX’s performance, as of the last filing, when compared to funds in its category was in the top 6% over the past 1 year, and in the top 4% over the past 3 years and in the top 6% over the past 5 years.
The American Funds Fundamental Investors F1, as of the last filing, allocates their fund in three major groups; Large Value, Large Growth and Foreign Stock. Further, as of the last filing, Microsoft Corp (NASDAQ:MSFT), Amazon (NASDAQ:AMZN).Com Inc and Broadcom Corp (NASDAQ:AVGO) were the top holdings for AFIFX.
This Zacks Rank #2 (Buy) was incepted in August 1978 and is managed by American Funds. AFIFX carries an expense ratio of 0.68% and requires a minimal initial investment of $250.
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Zacks Investment Research