Fund Evaluator:

American Funds American Mutual R-1 Overview

American Funds American Mutual R-1 (RMFAX) is an actively managed U.S. Equity Large Value fund. Capital Group launched the fund in 2002.

The investment seeks current income, growth of capital and conservation of principal. The fund invests primarily in common stocks of companies that are likely to participate in the growth of the American economy and whose dividends appear to be sustainable. It invests primarily in securities of issuers domiciled in the United States and Canada. The fund may also invest in bonds and other debt securities, including those issued by the U.S. government and by federal agencies and instrumentalities.

About American Funds American Mutual R-1 (RMFAX)

There are 5 members of the management team with an average tenure of 10.19 years: James Lovelace (2006), Grant Cambridge (2021), Cheryl Frank (2014), Martin Jacobs (2024), Charles Ellwein (2016). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: S&P 500 (TR) index with a weighting of 100%. American Funds American Mutual R-1 has 139 securities in its portfolio. The top 10 holdings constitute 29.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

American Funds American Mutual R-1 is part of the Equity global asset class and is within the U.S. Equity fund group. American Funds American Mutual R-1 has 6.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 89.6%. There is 6.5% allocated to foreign stock, and 0.6% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). American Funds American Mutual R-1 has 3.2% of the portfolio in cash.

Assets Under Management

The fund has $53 million in total assets, which is below the $1 billion average for the Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

RMFAX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The American Funds American Mutual R-1 expense ratio is high compared to funds in the Large Value category. American Funds American Mutual R-1 has an expense ratio of 1.36%, which is 47% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. American Funds American Mutual R-1 has a portfolio turnover rate of 31%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Large Value category.

Recently, in the month of July 2026, American Funds American Mutual R-1 returned 0.7%, which earned it a grade of F, as the Large Value category had an average return of 2.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

American Funds American Mutual R-1 has a trailing yield of 0.75%, which is below the 1.20% category average. The fund normally distributes its income quarterly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

American Funds American Mutual R-1 Grades

Year to date, the fund has returned 9.2%, 5.0 percentage points worse than the category, which translates into a grade of F. The fund has returned 15.1% over the past year (grade of F), 13.8% over the past three years (grade of D) and 9.9% per year over the past five years (grade of D) and 10.3% per year over the past 10 years (grade of D).

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