About CMLAX
American Funds American Mutual Fund 529-A is a large value mutual fund specifically structured for 529 college savings plans. Its primary objective is the balanced pursuit of current income, long-term capital growth, and conservation of principal. The fund predominantly invests in common stocks of established companies that are likely to benefit from U.S. and Canadian economic growth, with a particular focus on those with sustainable dividend payouts. The portfolio typically maintains a significant allocation to U.S. equities, complemented by select non-U.S. stocks, and may occasionally hold cash equivalents for flexibility.
This fund is broadly diversified, usually holding over 160 companies across sectors such as information technology, industrials, financials, health care, and consumer staples. As of mid-2025, its largest sector exposures include technology, industrials, and financials, with leading holdings in companies like Microsoft, Apple, and JPMorgan Chase. Regular quarterly dividends and a disciplined investment style underscore its commitment to income and risk management. With a long-standing track record and a low relative expense ratio, the fund plays a significant role in college savings portfolios seeking stability, quality income, and measured equity growth.
Fund Family Capital Group
Category Large Value
Performance Rating Above Average
Risk Rating Low
Stock Exchange NASDAQ
Ticker Symbol CMLAX
Share Class Class 529-a
Index S&P 500 TR
CMLAX had a total return of 9.03% in the past year, including dividends. Since the fund's
inception, the average annual return has been 8.46%.
