What is a summary prospectus?
A summary prospectus is the disclosure document provided to investors by mutual fund companies prior to or at the time of sale.
Is American fund a mutual fund?
American Funds and The Vanguard Group are two of the largest mutual fund families in the world. American Funds charges front-end loads and back-end loads, and has high expense ratios; Vanguard’s Funds are no-load and have low expense ratios.
What does a summary prospectus include?
The summary prospectus must contain the following items in standardized order and cannot include additional information, nor omit required information: Investment objectives/goals. Principal investment strategies, principal risks and performance table. Management information.
Is Amrmx a good fund?
Overall, American Funds Mutual Fund A ( AMRMX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, average downside risk, and lower fees, this fund looks like a good potential choice for investors right now.
How good are American funds?
The Bottom Line. American Funds offers high-quality, low-cost mutual funds available through brokers, (some) online discount brokers, and in 401(k) plans. When purchased outside of a 401(k) plan, investors will typically pay a sales charge.
What should be included in a mutual fund prospectus?
summary prospectus: a legal document that provides a summary of a fund’s prospectus. The summary prospectus includes information such as fund investment objectives, strategies, risks, costs, investment results and other information to help investors make an informed decision about investing in a mutual fund.
What is the process and people pillar of amrmx?
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AMRMX’s performance objective and investment process is for both security selection and portfolio construction. The People Pillar is our evaluation of the AMRMX management team’s experience and ability.
What are the objectives of an American mutual fund?
The fund strives for the balanced accomplishment of three objectives: current income, growth of capital and conservation of principal. Conservatively managed to reduce volatility and risk, this strategy has provided downside resilience during every S&P 500 decline of 15% or more since its inception in 1950.