American Funds Investment Company Of America R6

Date:

Stock Quotes And Investment Research

Review of American Funds “Growth Fund of America”

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American Funds Target Date Retirement Series: Buy

  • Rank among the top 401 funds: #39 , 2030) #51 , 2025) #55 , 2035) #58 , 2040) #70 , 2020) #75 , 2045) #83 , 2050)
  • Best for: Best for savers who want to put their investments on autopilot

We’ve long been fans of the American Funds Target Date Retirement series. They’re a solid choice for investors who want an expert to handle their retirement investments from start to finish and well into retirement, too.

You pick the target-date fund with the year that’s closest to when you plan to retire, then sit back and let experts take care of the rest. The managers of the target-date series will shift the blend of stock and bond funds over time to a more appropriate allocation as you get closer to retirement.

What sets American Funds’ target-date series apart from others is its glide path the prescribed shift in stocks and bonds over time in any given target-date series. Throughout the series, the firm’s target-date funds hold considerably more in cash than their typical peer, but each of the portfolios also have a slightly more aggressive stock position.

For instance, the American Funds 2040 Target Date Retirement fund holds just under 6% of its assets in cash and 84% in stocks and 10% in bonds. The typical 2040 target-date fund, by contrast, holds 2% of its assets in cash, 75% in stocks, 13% in bonds and 10% in other diversified assets.

Also Check: Best Private Equity Funds To Invest In

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Best American Funds Mutual Funds for 2013

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The Best American Funds For 401 Retirement Savers

American Funds has 13 actively managed mutual funds among the 100 most popular 401 offerings. We look at the best American Funds in that group as well as some of the laggards.

We don’t write about American Funds much on Kiplinger.com or in the pages of Kiplinger Personal Finance magazine. That’s because these funds, which are managed by parent company Capital Group, are primarily sold through advisers.

For years, the funds charged a front-end load , which made it ineligible for recommendation in our book literally. Now, however, at some brokerage firms, you can buy a no-load share class for no transaction fee.

But American Funds is a powerhouse in the 401 world, where investors of all sorts can access them. Six of its funds appear among the 100 most widely held funds in employer-sponsored retirement savings plans another seven of its target-date funds, American Funds Target Date Retirement series, also rank among the top 100. In this, our annual review of the biggest 401 funds in America a list that comes courtesy of financial data firm BrightScope we take a closer look at the most popular funds from Capital Group.

As always, this story is meant to help retirement savers make good choices among the funds that are available in their 401 plan. And it is written with that perspective in mind. Look for our review of funds from other big firms in the 401 world: Fidelity, T. Rowe Price and Vanguard.

American Funds American Balanced: Buy

  • Expense ratio: 0.58%
  • Rank among the top 401 funds: #31
  • Best for: Investors who want an all-in-one fund that holds stocks and bonds

Like other balanced funds, American Funds American Balanced holds stocks and bonds. It is designed, say the managers in a recent report, “to serve as the complete portfolio of a prudent investor.”

In other words: Buy shares in this fund, and you’re done.

ABALX fine-tunes its blend of stocks and bonds to achieve three goals: conserve capital, provide current income and offer long-term growth. Keeping volatility at bay and delivering steady returns is also a priority. At last report, the fund held 65% of its assets in stocks, 32% in bonds and 3% in cash and other securities. The fund has a current SEC yield of 1.23%.

On the stock side, the fund typically tilts toward blue-chip companies, such as Berkshire Hathaway ) and Royal Dutch Shell ), that pay high dividends. But these value-oriented types of stocks have been a drag on the fund’s performance as growthier stocks have been more in demand for the greater part of a decade. Still, the fund holds some shares in fast-growing companies, too, including Activision Blizzard ) and ASML Holding ).

The bond side holds mostly investment-grade bonds . U.S. Treasuries comprise 10% of the fund’s assets and act as the backbone of this side of the portfolio, which also includes corporate bonds, asset-backed and mortgage-backed securities, municipal bonds and foreign debt.

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Richmond Hill Builds Housing Solutions For The Future

Residents invited to help create options for more affordable housing

RICHMOND HILL The City of Richmond Hill is asking for public input as it develops a new strategy to address current and future housing needs in the community.

The City, like many municipalities, understands there are challenges faced by those looking to purchase or rent a home in Richmond Hill. Geared towards middle-income households, the Affordable Housing Strategy will consider a variety of options to increase the supply of attainable housing in the private housing market. This could include regulation, permitting secondary suites , financial incentives for new construction and/or renovations, and more.

When complete in 2021, the Affordable Housing Strategy will provide guidance and tools for the City to work in partnership with the building and development sector, as well as the not for profit sector and other levels of government, to create more affordable choices for residents in Richmond Hill. Recommendations from the Strategy will also inform future decisions related to the Citys Official Plan and Comprehensive Zoning By-law.

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If I Had ONE Fund To Invest In…(Part 2)

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