Top American Funds for 2013
American Funds is the second largest mutual fund family with over $1 trillion in assets under management, behind Vanguard Investment. It provides superb funds for investors; however some of the funds have been lagging behind their peers. This fund is managed by Capital Research and Management, part of the Capital Group Companies.These best American Funds Mutual Funds for 2013 are selected based on its performance history. The class A fund has a front end sales load. If you want a no load fund, you may need to find other classes. It offers Class B, Class C, Class F-1, Class F-2, Class R1, Class R2, Class R3, Class R4, Class R5, Class R6, Class 529A, Class 529B, Class 529C, Class 529E, Class 529F, etc. Class R6 is typically has no sales load and lower expense ratio fee.
Most of the American Funds are offered in your retirement account through 401(k) account, Traditional IRA, Roth IRA, etc. You can invest in this fund from your regular brokerage as well. This American funds family has a low minimum initial investment requirement of $250.
27 best American Funds mutual funds for 2013 are:
- American Funds American Mutual Fund
- American Funds Income Fund of America Fund
- American Funds EuroPacific Growth Fund
- American Funds Tax-Exempt Bond Fund
- American Funds New Perspective Fund
- American Funds International Growth and Income Fund
- American Funds New World Fund
- American Funds AMCAP Fund
- American Funds Tax-Exempt CA Fund
- American Funds American Balanced Fund
- American Funds American High Income Trust Fund
- American Funds Intermediate Bond Fund of America Fund
- American Funds Capital World Growth and Income Fund
- American Funds Capital World Bond Fund
- American Funds Capital Income Builder Fund
- American High-Income Municipal Bond Fund
- American Funds Fundamental Investors Fund
- American Funds Growth Fund of America Fund
- American Funds Investment Company of America Fund
- American Funds New Economy Fund
- American Funds SMALLCAP World Fund
- American Funds Tax-Exempt VA Fund
- American Funds Tax-Exempt MD Fund
- American Funds Washington Mutual Fund
- American Funds Target Date Retirement 2030 Fund
- American Funds Target Date Retirement 2040 Fund
- American Funds Target Date Retirement 2050 Fund
American Funds American Mutual Fund (AMRMX)
American Funds American Mutual Fund is one of the best American funds for 2013. It is ranked with 4 stars and gold rating. It utilizes its assets to purchase companies stocks that are growing of the American economy and have sustainable dividends. This equity fund has dividend yield of 2.37%. It has $23.1 billion of assets. Its expense ratio is only 0.63%.In 2012, this best American funds mutual fund has YTD return of 12.33%. Based on load adjusted returns, this fund has returned 7.57% over the past 3 year, and 6.52% over the past 10 year. The best 1 year total return is achieved in 2009 with 25.43%.
As of January 2013, the top 5 stocks in its portfolio are Verizon Communications Inc, Amgen Inc, Abbott Laboratories, Home Depot Inc, and Microsoft Corporation. The top 2 sectors of this large value mutual fund are industrials, and healthcare. The fund’s shares price is $29.71 (1/26/2013).
American Funds Income Fund of America Fund (AMECX)
American Funds Income Fund of America Fund is a balanced fund. It invests majority of its assets in income-producing securities such as dividend-paying common stocks, and interest-paying bonds. It has 12-month yield of 3.77%. The portfolio turnover rate is 41%. Its expense is only 0.59% per year. The fund’s NAV is $18.70.This best moderate allocation fund has investment style of large value. The risk rating is below average. Morningstar has ranked it with silver rating. You can buy this fund for your retirement account with as little as $250. The top 2 stocks are Merck & Co Inc, and General Electric Co. The 3 year average return is 11.41%.
American Funds EuroPacific Growth Fund (AEPGX)
American Funds EuroPacific Growth Fund focuses its investment in common stocks of Europe and the Pacific Basin companies with growth potential. Its expense ratio is 084% per year. This fund has 10 portfolio managers including Stephen E. Bepler and Mark E. Denning. The class A has 5.75% sales load.Ranked with gold rating, it has a 5- year annualized return of 1.23%. It is available to be purchased from 86 brokerages such as E*Trade Financial, TD Ameirtrade, Scottrade, JPMorgan INVEST, Fidelity, etc. The 3 year beta risk is 0.94. The number of years up (positive return) is 22 years.
American Funds Tax-Exempt Bond Fund (AFTEX)
American Funds Tax-Exempt Bond Fund is the top national intermediate municipal bond fund in American Funds family. Its objective is to provide high level of current income exempt from federal income tax, consistent with the preservation of capital. It has a dividend yield of 3.51% per year. The fund’s inception date is October 2, 1979. The fund managers are Neil L. Langberg, Brenda S. Ellerin, and Karl J. Zeile.More: Best Fidelity Mutual Funds 2013
As one of the best American Funds for 2013, it has 4 star rating. The holding turnover rate is only 14%. It is open to new investors. The top 3 bond sectors are health, transportation, and state & local general obligation. The fund past 5 years performance is as follows:
- Year 2012: 8.91%
- Year 2011: 10.22%
- Year 2010: 2.08%
- Year 2009: 15.24%
- Year 2009: -7.09%
American Funds American High Income Trust Fund (AHITX)
American Funds American High Income Trust Fund uses its assets to buy higher yielding and generally lower quality debt securities. It may invest in US and foreign debts. The current yield is 7.04%. David C. Barclay is the lead manager. Its expense ratio is 0.69%. This high yield bond has an average effective duration of 3.38 years. The average credit quality is B.Morningstar ranks it with 3 stars rating. The worst 1 year total return was occurred in 2008 with -27.52%. Based on load adjusted returns, this fixed income fund has returned 8.93% over the past 3 year, and 8.78% over the past 10 year. In 2012, the year to date return is 14.52%.
American Funds Growth Fund of America Fund (AGTHX)
American Funds Growth Fund of America Fund has a yield of 0.82%. It invests majority of assets in common stocks. It seeks to invest in companies that appear to offer superior opportunities for growth of capital. This fund has net assets of $112 billion. The fund was introduced to investors in November 1973. The fund’s shares price is $36.21.As of January 2013, the top 3 stocks are Amazon.com Inc, Gilead Sciences Inc, and Google Inc. If you invest $10,000 in this fund 10 years ago, your capital would have grown to $23,386. Its expense ratio is 0.71%
The other classes of this best American fund are Class B (AGRBX), Class C (GFACX), Class F-1 (GFAFX), Class F-2 (GFFFX), Class R1 (RGAAX), Class R2 (RGABX), Class R3 (RGACX), Class R4 (RGAEX), Class R5 (RGAFX), Class R6 (RGAGX), Class 529A (CGFAX), Class 529B (CGFBX), Class 529C (CGFCX), Class 529E (CGFEX), and Class 529F (CGFFX).
American Funds Target Date Retirement 2030 Fund (AAETX)
American Funds Target Date Retirement 2030 Fund invests mainly in bond, equity income and balanced funds. The total assets are $2.1 billion. Its expense ratio is 0.77%. This target date 2026-2030 mutual fund has a large blend investment style. For bond portion, the interest rate sensitivity is moderate.More: Best Vanguard Mutual Funds for 2013
As of January 2013, the top 5 assets are allocated as follows:
- US Stocks: 51.83%
- Non US Stocks: 29.28%
- Bonds: 9.94%
- Cash: 6.84%
- Other: 2.11%
Fund Performance
| No | Name | Ticker | Category | Overall Rating | Yield | Assets (M) |
|---|---|---|---|---|---|---|
| 1 | American Funds American Mutual A | AMRMX | Large Value | 4 | 2.37% | 15650.98 |
| 2 | American Funds Inc Fund of Amer A | AMECX | Moderate Allocation | 4 | 3.77% | 57661.53 |
| 3 | American Funds EuroPacific Gr A | AEPGX | Foreign Large Blend | 4 | 1.68% | 29498.2 |
| 4 | American Funds New Perspective A | ANWPX | World Stock | 4 | 1.06% | 30244.99 |
| 5 | American Funds Tax-Exempt Bond A | AFTEX | Muni National Interm | 4 | 3.51% | 7663.29 |
| 6 | American Funds Intl Gr And Inc A | IGAAX | Foreign Large Blend | 4 | 2.72% | 3486.01 |
| 7 | American Funds New World A | NEWFX | Diversified Emerging Mkts | 3 | 1.31% | 12179.96 |
| 8 | American Funds AMCAP A | AMCPX | Large Growth | 3 | 0.39% | 15410.27 |
| 9 | American Funds Tax-Exempt CA A | TAFTX | Muni California Long | 3 | 3.69% | 1353.01 |
| 10 | American Funds American Balanced A | ABALX | Moderate Allocation | 3 | 1.86% | 34271.57 |
| 11 | American Funds American Hi Inc Tr A | AHITX | High Yield Bond | 3 | 7.04% | 14368.01 |
| 12 | American Funds Interm Bond Fd of Amer A | AIBAX | Short-Term Bond | 3 | 1.72% | 7161.64 |
| 13 | American Funds Capital World G/I A | CWGIX | World Stock | 3 | 2.66% | 46651.39 |
| 14 | American Funds Capital World Bond A | CWBFX | World Bond | 3 | 2.32% | 8375.74 |
| 15 | American Funds Capital Inc Bldr A | CAIBX | World Allocation | 3 | 4.17% | 58078.7 |
| 16 | American High-Income Municipal Bond A | AMHIX | High Yield Muni | 3 | 4.20% | 2441.15 |
| 17 | American Funds Fundamental Investors A | ANCFX | Large Blend | 3 | 1.59% | 32568.27 |
| 18 | American Funds Growth Fund of Amer A | AGTHX | Large Growth | 3 | 0.82% | 55970.26 |
| 19 | American Funds Invmt Co of Amer A | AIVSX | Large Blend | 3 | 2.35% | 44501.14 |
| 20 | American Funds New Economy A | ANEFX | Large Growth | 3 | 0.60% | 5978.07 |
| 21 | American Funds SMALLCAP World A | SMCWX | World Stock | 3 | 1.36% | 13566.35 |
| 22 | American Funds Tax-Exempt VA A | TFVAX | Muni Single State Interm | 3 | 3.11% | 411.32 |
| 23 | American Funds Tax-Exempt MD A | TMMDX | Muni Single State Interm | 3 | 3.16% | 301.87 |
| 24 | American Funds Washington Mutual A | AWSHX | Large Value | 3 | 2.31% | 39823.23 |
| 25 | American Funds Trgt Date Ret 2030 A | AAETX | Target Date 2026-2030 | 3 | 1.82% | 621.1 |
| 26 | American Funds Trgt Date Ret 2040 A | AAGTX | Target Date 2036-2040 | 3 | 1.74% | 416.12 |
| 27 | American Funds Trgt Date Ret 2050 A | AALTX | Target Date 2046-2050 | 3 | 1.74% | 224 |
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