-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WzVFlnMymaLmv95MHJtHUZXIDQ5iKIHaJvp9R8ZDkt1z74rrK0t5dcTl4qhSQ5al N53R8oSs4xfa1Gacbinkfg== 0000051931-09-001185.txt : 20090928 0000051931-09-001185.hdr.sgml : 20090927 20090928131437 ACCESSION NUMBER: 0000051931-09-001185 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090731 FILED AS OF DATE: 20090928 DATE AS OF CHANGE: 20090928 EFFECTIVENESS DATE: 20090928 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN MUTUAL FUND INC CENTRAL INDEX KEY: 0000005506 IRS NUMBER: 956006886 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-00572 FILM NUMBER: 091089707 BUSINESS ADDRESS: STREET 1: 333 S HOPE ST - 55TH FL (MICG) CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-486-9200 MAIL ADDRESS: STREET 1: 333 S HOPE ST - 55TH FL (MICG) CITY: LOS ANGELES STATE: CA ZIP: 90071 0000005506 S000008999 AMERICAN MUTUAL FUND INC C000024449 Class A AMRMX C000024450 Class R-1 RMFAX C000024451 Class R-2 RMFBX C000024452 Class R-3 RMFCX C000024453 Class R-4 RMFEX C000024454 Class R-5 RMFFX C000024455 Class B AMFBX C000024456 Class C AMFCX C000024457 Class F-1 AMFFX C000024458 Class 529-A CMLAX C000024459 Class 529-B CMLBX C000024460 Class 529-C CMLCX C000024461 Class 529-E CMLEX C000024462 Class 529-F-1 CMLFX C000068556 Class F-2 AMRFX C000077851 Class R-6 RMFGX N-Q 1 amf_nq.htm N-Q Unassociated Document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



FORM N-Q
Quarterly Schedule of Portfolio Holdings of
Registered Management Investment Company

Investment Company Act File Number: 811-00572



American Mutual Fund, Inc.
(Exact Name of Registrant as Specified in Charter)

333 South Hope Street,
Los Angeles, California 90071
(Address of Principal Executive Offices)




Registrant's telephone number, including area code:  (213) 486-9200

Date of fiscal year end: October 31

Date of reporting period: July 31, 2009





Vincent P. Corti
Capital Research and Management Company
333 South Hope Street
Los Angeles, California 90071
(Name and Address of Agent for Service)


Copies to:
Eric A.S. Richards
O’Melveny & Myers LLP
400 South Hope Street, 10th Floor
Los Angeles, California 90071
(Counsel for the Registrant)

 
 
 

ITEM 1 – Schedule of Investments

[logo – American Funds®]


American Mutual Fund®
Investment portfolio
 
July 31, 2009 
unaudited


Common stocks — 83.38%
  
Shares
    
Value
(000)
  
             
ENERGY — 8.00%
            
Apache Corp.
     123,400     $ 10,360  
Baker Hughes Inc.
     940,000       38,070  
BJ Services Co.
     4,814,837       68,274  
Chevron Corp.
     1,973,911       137,128  
ConocoPhillips
     3,925,000       171,562  
Devon Energy Corp.
     1,625,000       94,396  
EOG Resources, Inc.
     231,600       17,145  
Halliburton Co.
     1,200,000       26,508  
Hess Corp.
     822,200       45,386  
Marathon Oil Corp.
     5,353,600       172,654  
Royal Dutch Shell PLC, Class A (ADR)
     3,980,000       209,507  
Schlumberger Ltd.
     880,400       47,101  
Smith International, Inc.
     350,000       8,795  
Spectra Energy Corp
     3,930,500       72,164  
Sunoco, Inc.
     500,000       12,345  
              1,131,395  
                 
                 
MATERIALS — 3.02%
                
Air Products and Chemicals, Inc.
     1,662,800       124,045  
Dow Chemical Co.
     750,000       15,877  
International Paper Co.
     1,250,000       23,512  
MeadWestvaco Corp.
     6,209,864       121,031  
Monsanto Co.
     220,700       18,539  
Potash Corp. of Saskatchewan Inc.
     210,000       19,532  
Praxair, Inc.
     1,114,500       87,132  
Weyerhaeuser Co.
     500,000       17,520  
              427,188  
                 
                 
INDUSTRIALS — 14.60%
                
3M Co.
     1,537,000       108,389  
Avery Dennison Corp.
     3,450,000       92,218  
Boeing Co.
     2,585,000       110,922  
Burlington Northern Santa Fe Corp.
     2,082,400       163,656  
Cintas Corp.
     1,385,000       34,874  
CSX Corp.
     2,742,500       110,029  
Eaton Corp.
     400,000       20,768  
Emerson Electric Co.
     1,300,000       47,294  
General Dynamics Corp.
     770,000       42,650  
General Electric Co.
     8,417,500       112,794  
Illinois Tool Works Inc.
     850,000       34,467  
Ingersoll-Rand PLC
     1,300,000       37,544  
Lockheed Martin Corp.
     1,110,000       82,984  
Manpower Inc.
     740,000       35,483  
Northrop Grumman Corp.
     1,300,000       57,954  
Pentair, Inc.
     1,800,000       49,176  
Pitney Bowes Inc.
     3,050,000       62,983  
Precision Castparts Corp.
     314,000       25,060  
R.R. Donnelley & Sons Co.
     6,212,657       86,356  
Rockwell Automation
     1,250,000       51,763  
Southwest Airlines Co.
     4,450,000       34,933  
Tyco International Ltd.
     1,245,300       37,633  
Union Pacific Corp.
     1,914,600       110,128  
United Parcel Service, Inc., Class B
     3,550,000       190,742  
United Technologies Corp.
     3,700,000       201,539  
Waste Management, Inc.
     4,345,000       122,138  
              2,064,477  
                 
                 
CONSUMER DISCRETIONARY — 7.70%
                
Carnival Corp., units
     655,000       18,333  
Darden Restaurants, Inc.
     3,365,000       108,992  
Harley-Davidson, Inc.
     2,408,000       54,421  
Home Depot, Inc.
     750,000       19,455  
Johnson Controls, Inc.
     5,990,000       155,021  
Leggett & Platt, Inc.
     3,753,400       65,122  
Lowe’s Companies, Inc.
     3,200,400       71,881  
Mattel, Inc.
     4,500,000       79,110  
News Corp., Class A
     3,850,000       39,771  
Omnicom Group Inc.
     1,500,000       51,000  
Staples, Inc.
     1,600,000       33,632  
Target Corp.
     2,570,000       112,103  
Time Warner Inc.
     4,002,666       106,711  
Toyota Motor Corp. (ADR)
     190,000       15,994  
VF Corp.
     1,150,000       74,394  
YUM! Brands, Inc.
     2,340,000       82,976  
              1,088,916  
                 
                 
CONSUMER STAPLES — 6.55%
                
Avon Products, Inc.
     2,690,000       87,102  
Coca-Cola Co.
     1,850,000       92,204  
ConAgra Foods, Inc.
     950,000       18,648  
General Mills, Inc.
     750,000       44,183  
H.J. Heinz Co.
     1,600,000       61,536  
Kellogg Co.
     2,685,600       127,566  
Kimberly-Clark Corp.
     1,900,000       111,055  
Kraft Foods Inc., Class A
     1,500,000       42,510  
PepsiCo, Inc.
     2,445,000       138,754  
Procter & Gamble Co.
     1,125,000       62,449  
Sara Lee Corp.
     6,193,800       65,902  
Wal-Mart Stores, Inc.
     1,480,000       73,822  
              925,731  
                 
                 
HEALTH CARE — 10.44%
                
Abbott Laboratories
     4,179,600       188,040  
Amgen Inc.1
     630,000       39,255  
AstraZeneca PLC (ADR)
     1,295,000       60,140  
Bristol-Myers Squibb Co.
     4,662,500       101,363  
Cardinal Health, Inc.
     1,305,000       43,457  
Eli Lilly and Co.
     2,760,000       96,296  
Johnson & Johnson
     600,000       36,534  
Medtronic, Inc.
     3,452,000       122,270  
Merck & Co., Inc.
     10,685,000       320,657  
Novartis AG (ADR)
     4,015,000       183,164  
Pfizer Inc
     9,895,000       157,627  
Schering-Plough Corp.
     4,800,000       127,248  
              1,476,051  
                 
                 
FINANCIALS — 3.10%
                
Allstate Corp.
     700,000       18,837  
Arthur J. Gallagher & Co.
     1,037,331       23,755  
Bank of America Corp.
     3,029,022       44,799  
Bank of New York Mellon Corp.
     3,456,000       94,487  
Capital One Financial Corp.
     735,000       22,565  
JPMorgan Chase & Co.
     3,293,000       127,274  
Lincoln National Corp.
     413,300       8,758  
Marsh & McLennan Companies, Inc.
     925,000       18,889  
Travelers Companies, Inc.
     1,000,000       43,070  
U.S. Bancorp
     1,750,000       35,717  
              438,151  
                 
                 
INFORMATION TECHNOLOGY — 14.22%
                
Analog Devices, Inc.
     700,000       19,159  
Automatic Data Processing, Inc.
     2,000,000       74,500  
Cisco Systems, Inc.1
     1,950,000       42,920  
Google Inc., Class A1
     57,000       25,254  
Hewlett-Packard Co.
     3,900,000       168,870  
Intel Corp.
     9,770,000       188,072  
International Business Machines Corp.
     2,953,000       348,247  
KLA-Tencor Corp.
     1,242,000       39,595  
Linear Technology Corp.
     3,845,000       103,315  
Maxim Integrated Products, Inc.
     4,660,000       82,575  
Microchip Technology Inc.
     5,094,925       137,206  
Microsoft Corp.
     16,429,198       386,415  
Nokia Corp. (ADR)
     500,000       6,670  
Oracle Corp.
     6,115,000       135,325  
Paychex, Inc.
     1,000,000       26,500  
QUALCOMM Inc.
     800,000       36,968  
SAP AG (ADR)
     1,031,000       48,715  
Texas Instruments Inc.
     4,100,000       98,605  
Tyco Electronics Ltd.
     900,000       19,323  
Xilinx, Inc.
     1,020,000       22,124  
              2,010,358  
                 
                 
TELECOMMUNICATION SERVICES — 6.67%
                
AT&T Inc.
     16,995,597       445,795  
CenturyTel, Inc.
     9,097,822       285,581  
Verizon Communications Inc.
     6,612,612       212,066  
              943,442  
                 
                 
UTILITIES — 8.13%
                
Ameren Corp.
     4,108,680       104,484  
American Electric Power Co., Inc.
     1,435,000       44,428  
Dominion Resources, Inc.
     2,800,000       94,640  
DTE Energy Co.
     750,000       25,845  
Duke Energy Corp.
     3,800,000       58,824  
Exelon Corp.
     3,893,720       198,034  
FirstEnergy Corp.
     2,552,900       105,179  
PPL Corp.
     3,252,000       109,885  
Progress Energy, Inc.
     2,346,900       92,562  
Public Service Enterprise Group Inc.
     2,575,000       83,559  
Questar Corp.
     3,000,000       99,210  
Southern Co.
     1,250,000       39,250  
Xcel Energy Inc.
     4,745,000       94,615  
              1,150,515  
                 
                 
MISCELLANEOUS — 0.95%
                
Other common stocks in initial period of acquisition
             134,207  
                 
                 
Total common stocks (cost: $12,029,941,000)
             11,790,431  
                 
                 
                 
Preferred stocks — 0.86%
  
Shares
          
                 
FINANCIALS — 0.86%
                
BAC Capital Trust XIV 5.63%2
     5,825,000       3,438  
JPMorgan Chase & Co., Series I, 7.90%2
     87,080,000       83,020  
PNC Preferred Funding Trust III 8.70%2,3
     25,900,000       22,440  
Wachovia Capital Trust III 5.80%2
     14,885,000       9,753  
Wells Fargo Capital XV 9.75%2
     3,270,000       3,330  
                 
Total preferred stocks (cost: $112,951,000)
             121,981  
                 
                 
                 
Warrants — 0.00%
                
                 
FINANCIALS — 0.00%
                
Citigroup Inc., warrants, expire 20191,4
     26.538462       —  
                 
Total warrants (cost: $0)
             —  
                 
                 
                 
Convertible securities — 0.80%
                
                 
CONSUMER DISCRETIONARY — 0.02%
                
Johnson Controls, Inc. 11.50% convertible preferred 2012, units
     22,000       2,860  
                 
                 
FINANCIALS — 0.78%
                
Citigroup, Series M, Common Stock Equivalent1,4
     26.538462       79,921  
SLM Corp., Series C, 7.25% convertible preferred 2010
     61,000       30,256  
              110,177  
                 
                 
Total convertible securities (cost: $115,340,000)
             113,037  
                 
                 
       Principal amount          
Bonds & notes — 8.95%
     (000 )        
                 
ENERGY — 0.19%
                
Apache Corp. 6.00% 2013
   $ 5,000       5,487  
Chevron Corp. 3.95% 2014
     5,000       5,216  
Enbridge Energy Partners, LP 5.35% 2014
     5,075       5,173  
Kinder Morgan Energy Partners LP 6.75% 2011
     2,750       2,898  
Kinder Morgan Energy Partners LP 6.85% 2020
     3,000       3,327  
Shell International Finance B.V. 4.00% 2014
     5,000       5,260  
              27,361  
                 
                 
INDUSTRIALS — 0.25%
                
Burlington Northern Santa Fe Corp. 6.75% 2011
     5,000       5,412  
Honeywell International Inc. 3.875% 2014
     3,400       3,490  
Lockheed Martin Corp. 4.121% 2013
     1,450       1,491  
Norfolk Southern Corp. 8.625% 2010
     5,000       5,283  
Northrop Grumman Corp. 7.75% 2016
     4,420       5,189  
PACCAR Inc, Series A, 6.375% 2012
     5,000       5,400  
PACCAR Inc, Series A, 6.875% 2014
     5,000       5,539  
Union Pacific Corp. 5.125% 2014
     3,830       4,013  
              35,817  
                 
                 
CONSUMER DISCRETIONARY — 1.66%
                
AOL Time Warner Inc. 6.75% 2011
     24,505       26,135  
AOL Time Warner Inc. 6.875% 2012
     8,436       9,214  
Time Warner Inc. 5.50% 2011
     13,875       14,710  
Black & Decker Corp. 8.95% 2014
     18,000       19,806  
Comcast Cable Communications, Inc. 6.75% 2011
     4,335       4,618  
Hasbro, Inc. 6.125% 2014
     3,750       3,873  
Home Depot, Inc. 0.749% 20092
     20,593       20,576  
Johnson Controls, Inc. 5.50% 2016
     1,720       1,677  
News America Inc. 6.90% 20193
     5,000       5,671  
Staples, Inc. 7.75% 2011
     9,380       9,990  
Staples, Inc. 9.75% 2014
     101,450       118,960  
              235,230  
                 
                 
CONSUMER STAPLES — 0.36%
                
Avon Products, Inc. 5.625% 2014
     5,000       5,339  
Coca-Cola Enterprises Inc. 3.75% 2012
     5,000       5,231  
ConAgra Foods, Inc. 5.875% 2014
     5,000       5,456  
CVS Caremark Corp. 2.15% 20102
     21,055       21,157  
CVS Caremark Corp. 6.60% 2019
     2,665       2,982  
Safeway Inc. 6.25% 2014
     5,900       6,471  
SYSCO Corp. 5.375% 2019
     4,000       4,200  
              50,836  
                 
                 
HEALTH CARE — 0.70%
                
Abbott Laboratories 5.125% 2019
     5,000       5,292  
Aetna Inc. 5.75% 2011
     1,962       2,059  
Aetna Inc. 7.875% 2011
     435       465  
Amgen Inc. 6.90% 2038
     20,000       24,139  
Cardinal Health, Inc. 0.865% 20092
     8,837       8,817  
Cardinal Health, Inc. 6.75% 2011
     11,988       12,608  
Cardinal Health, Inc. 5.65% 2012
     2,800       2,907  
Eli Lilly and Co. 3.55% 2012
     4,250       4,416  
Merck & Co., Inc. 1.875% 2011
     3,765       3,797  
Novartis Capital Corp. 4.125% 2014
     5,000       5,220  
Pfizer Inc. 4.45% 2012
     5,000       5,297  
Roche Holdings Inc. 6.00% 20193
     10,000       10,908  
UnitedHealth Group Inc. 4.125% 2009
     7,196       7,199  
UnitedHealth Group Inc. 0.789% 20102
     50       50  
WellPoint, Inc. 5.00% 2011
     5,000       5,126  
              98,300  
                 
                 
FINANCIALS — 2.59%
                
Allstate Life Global Funding Trust, Series 2008-4, 5.375% 2013
     5,000       5,239  
American Express Bank 5.55% 2012
     28,250       28,877  
American Express Centurion Bank 0.346% 20092
     60       60  
American Express Centurion Bank 5.55% 2012
     18,870       19,289  
American Express Co. 7.00% 2018
     2,870       2,951  
Bank of America Corp. 4.25% 2010
     4,720       4,796  
Bank of America Corp. 4.375% 2010
     24,110       24,586  
Bank of America Corp. 4.50% 2010
     7,965       8,097  
Bank of America Corp. 6.50% 2016
     7,000       7,131  
Capital One Bank 8.80% 2019
     1,330       1,445  
Capital One Financial Corp. 0.93% 20092
     40,354       40,313  
Capital One Financial Corp. 5.70% 2011
     4,410       4,565  
Capital One Financial Corp. 6.25% 2013
     1,870       1,882  
Capital One Financial Corp. 5.50% 2015
     385       374  
Capital One Financial Corp. 6.15% 2016
     1,272       1,139  
Capital One Financial Corp. 5.25% 2017
     1,009       910  
Capital One Financial Corp. 6.75% 2017
     1,180       1,167  
Citigroup Funding Inc., Series D, 1.351% 20092
     10,000       9,996  
Citigroup Funding Inc., Series D, 2.036% 20102
     34,400       34,013  
Citigroup Inc. 0.631% 20092
     9,680       9,625  
Citigroup Inc. 1.004% 20102
     18,280       17,919  
Citigroup Inc. 4.125% 2010
     11,915       11,966  
Citigroup Inc. 4.625% 2010
     2,890       2,906  
Citigroup Inc. 6.125% 2017
     7,000       6,448  
ERP Operating LP 5.50% 2012
     1,950       1,981  
ERP Operating LP 6.625% 2012
     5,500       5,682  
ERP Operating LP 6.584% 2015
     3,500       3,434  
ERP Operating LP 5.125% 2016
     2,400       2,219  
ERP Operating LP 5.375% 2016
     13,404       12,421  
ERP Operating LP 5.75% 2017
     39,855       38,159  
ERP Operating LP 7.125% 2017
     5,000       5,077  
JPMorgan Chase & Co. 4.75% 2013
     5,000       5,227  
Kimco Realty Corp. 5.304% 2011
     2,500       2,459  
MassMutual Global Funding II, 3.625% 20123
     5,250       5,262  
MetLife Global Funding 5.125% 20143
     3,000       3,017  
Metropolitan Life Global Funding I, 5.125% 20133
     1,665       1,699  
National City Preferred Capital Trust I 12.00% (undated)2
     8,920       9,366  
PNC Funding Corp. 0.688% 20142
     5,000       4,378  
Simon Property Group, LP 6.75% 2014
     5,000       5,177  
Wells Fargo & Co. 7.98% (undated)2
     14,618       12,663  
Wells Fargo Capital XIII 7.70% (undated)2
     2,300       2,002  
              365,917  
                 
                 
INFORMATION TECHNOLOGY — 0.09%
                
KLA-Tencor Corp. 6.90% 2018
     13,700       13,284  
                 
                 
TELECOMMUNICATION SERVICES — 0.25%
                
AT&T Inc. 4.85% 2014
     5,000       5,327  
Telecom Italia Capital SA 6.175% 2014
     5,000       5,377  
Verizon Communications Inc. 5.55% 20143
     5,000       5,443  
Verizon Communications Inc. 8.50% 20183
     15,000       19,081  
              35,228  
                 
                 
UTILITIES — 0.20%
                
FPL Group Capital, Inc. 7.875% 2015
     20,000       24,146  
Progress Energy, Inc. 6.05% 2014
     3,500       3,779  
              27,925  
                 
                 
MORTGAGE-BACKED OBLIGATIONS5 — 1.49%
                
DEPFA ACS Bank 4.75% 2010
     3,980       3,902  
Fannie Mae 4.50% 2023
     17,737       18,250  
Fannie Mae 5.50% 2023
     16,234       17,050  
Fannie Mae 4.00% 2024
     49,700       50,234  
Fannie Mae 4.00% 2024
     24,218       24,485  
Fannie Mae 4.00% 2024
     19,797       20,009  
Fannie Mae 4.50% 2024
     49,670       51,059  
Fannie Mae 5.00% 2039
     24,966       25,578  
              210,567  
                 
                 
BONDS & NOTES OF U.S. GOVERNMENT & GOVERNMENT AGENCIES — 1.17%
                
Fannie Mae 2.50% 2014
     50,775       50,265  
Freddie Mac 1.75% 2012
     50,240       50,213  
U.S. Treasury 0.875% 2011
     20,000       20,011  
U.S. Treasury 1.875% 2012
     10,000       10,089  
U.S. Treasury 1.875% 2014
     5,000       4,870  
U.S. Treasury 3.25% 2016
     10,000       10,092  
United States Government Agency-Guaranteed (FDIC insured), Citigroup Inc. 1.50% 2011
     10,000       10,021  
United States Government Agency-Guaranteed (FDIC insured), General Electric Capital Corp., Series G, 2.625% 2012
     10,000       10,169  
              165,730  
                 
                 
                 
Total bonds & notes (cost: $1,188,194,000)
             1,266,195  
                 
                 
                 
Short-term securities — 5.91%
                
                 
Coca-Cola Co. 0.23% due 8/20/20093
     16,300       16,298  
Emerson Electric Co. 0.20% due 8/10/20093
     25,000       24,999  
Fannie Mae 0.18% due 9/25/2009
     27,200       27,192  
Federal Home Loan Bank 0.13%–0.42% due 8/6–9/18/2009
     348,995       348,966  
Freddie Mac 0.20%–0.54% due 8/24–9/9/2009
     79,300       79,287  
General Electric Capital Corp. 0.18% due 8/3/2009
     33,500       33,499  
JPMorgan Chase & Co. 0.18% due 8/21/2009
     1,500       1,500  
Jupiter Securitization Co., LLC 0.22%–0.23% due 8/13–8/21/20093
     57,200       57,194  
NetJets Inc. 0.18%–0.20% due 8/25–8/27/20093
     52,100       52,093  
Paccar Financial Corp. 0.16% due 8/6/2009
     12,500       12,500  
Park Avenue Receivables Co., LLC 0.20%–0.25% due 8/5–8/12/20093
     56,612       56,608  
Pfizer Inc 0.21% due 8/18/20093
     20,000       19,998  
Procter & Gamble International Funding S.C.A. 0.21% due 8/19/20093
     25,000       24,997  
U.S. Treasury Bills 0.25% due 9/17/2009
     24,900       24,895  
Wal-Mart Stores Inc. 0.55% due 9/21/20093
     55,000       54,977  
                 
Total short-term securities (cost: $834,944,000)
             835,003  
                 
                 
Total investment securities (cost: $14,281,370,000)
             14,126,647  
Other assets less liabilities
             13,869  
                 
Net assets
           $ 14,140,516  

“Miscellaneous” securities include holdings in their initial period of acquisition that have not previously been publicly disclosed.

 
1
Security did not produce income during the last 12 months.
2
Coupon rate may change periodically.
3
Purchased in a transaction exempt from registration under the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $380,685,000, which represented 2.69% of the net assets of the fund.
4
Valued under fair value procedures adopted by authority of the board of directors. The total value of all such securities was $79,921,000, which represented .57% of the net assets of the fund.
5
Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.
 
 
Key to abbreviation

ADR = American Depositary Receipts

 
Security valuation

Equity securities are valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market in which the security trades. Fixed-income securities, including short-term securities purchased with more than 60 days left to maturity, are valued at prices obtained from one or more independent pricing vendors when such prices are available. However, where the investment adviser deems it appropriate to do so, such securities will be valued in good faith at the mean quoted bid and asked prices that are reasonably and timely available (or bid prices, if asked prices are not available) or at prices for securities of comparable maturity, quality and type. Vendors base bond prices on, among other things, valuation matrices that incorporate dealer-supplied valuations, proprietary pricing models and evaluations of the yield curve as of approximately 3:00 p.m. New York time. Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are valued in the manner described above for either equity or fixed-income securities, depending on which method is deemed most appropriate by the investment adviser. Short-term securities purchased within 60 days to maturity are valued at amortized cost, which approximates market value. The value of short-term securities originally purchased with maturities greater than 60 days is determined based on an amortized value to par when they reach 60 days or less remaining to maturity.

Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the investment adviser are fair valued as determined in good faith under guidelines adopted by authority of the fund’s board of directors. Various factors may be reviewed in order to make a good faith determination of a security’s fair value. These factors include, but are not limited to, the type and cost of the security; contractual or legal restrictions on resale of the security; relevant financial or business developments of the issuer; actively traded similar or related securities; conversion or exchange rights on the security; related corporate actions; significant events occurring after the close of trading in the security; and changes in overall market conditions. Fair valuations and valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.

 

Disclosure of fair value measurements

The fund classifies its assets and liabilities into three levels based on the method used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Level 3 values are based on significant unobservable inputs that reflect the fund’s determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are generally high-quality and liquid; however, they are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The following table presents the fund’s valuation levels as of July 31, 2009 (dollars in thousands):

Investment securities:
  
Level 1
    
Level 2
    
Level 3
    
Total
  
Common stocks:
                        
    Energy
   $ 1,131,395     $ —     $ —     $ 1,131,395  
    Materials
     427,188       —       —       427,188  
    Industrials
     2,064,477       —       —       2,064,477  
    Consumer discretionary
     1,088,916       —       —       1,088,916  
    Consumer staples
     925,731       —       —       925,731  
    Health care
     1,476,051       —       —       1,476,051  
    Financials
     438,151       —       —       438,151  
    Information technology
     2,010,358       —       —       2,010,358  
    Telecommunication services
     943,442       —       —       943,442  
    Utilities
     1,150,515       —       —       1,150,515  
    Miscellaneous
     134,207       —       —       134,207  
Preferred stocks
     —       121,981       —       121,981  
Convertible securities
     2,860       110,177       —       113,037  
Bonds & notes:
                                
    Corporate bonds & notes
     —       889,898       —       889,898  
    Mortgage-backed obligations
     —       210,567       —       210,567  
    Bonds & notes of U.S. government & government agencies
     —       165,730       —       165,730  
Short-term securities
     —       835,003       —       835,003  
Total
   $ 11,793,291     $ 2,333,356     $ —     $ 14,126,647  



Federal income tax information
  
(dollars in thousands)
  
       
Gross unrealized appreciation on investment securities
   $ 1,392,761  
Gross unrealized depreciation on investment securities
     (1,552,205 )
Net unrealized depreciation on investment securities
     (159,444 )
Cost of investment securities for federal income tax purposes
     14,286,091  


 
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so you may lose money.
 
Investors should carefully consider the investment objectives, risks, charges and expenses of the American Funds. This and other important information is contained in each fund’s prospectus, which can be obtained from your financial professional and should be read carefully before investing.

 
 
 
 
MFGEFP-903-0909O-S21427
 
 
ITEM 2 – Controls and Procedures

The Registrant’s Principal Executive Officer and Principal Financial Officer have concluded, based on their evaluation of the Registrant’s disclosure controls and procedures (as such term is defined in Rule 30a-3 under the Investment Company Act of 1940), that such controls and procedures are adequate and reasonably designed to achieve the purposes described in paragraph (c) of such rule.

There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the Registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.


ITEM 3 – Exhibits

The certifications required by Rule 30a-2 of the Investment Company Act of 1940 and Section 302 of the Sarbanes-Oxley Act of 2002 are attached as exhibits hereto.


 
 
 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 
AMERICAN MUTUAL FUND, INC.
   
 
By /s/ James K. Dunton
 
James K. Dunton, Vice Chairman and
Principal Executive Officer
   
 
Date: September 28, 2009



Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.


By /s/ James K. Dunton
James K. Dunton, Vice Chairman and
Principal Executive Officer
 
Date: September 28, 2009



By /s/ Karl C. Grauman
Karl C. Grauman, Treasurer and
Principal Financial Officer
 
Date: September 28, 2009
 
 EX-99.CERT 2 amf_cert302.htm CERT302 Unassociated Document

[logo - American Funds®]
American Mutual Fund, Inc.
333 South Hope Street
Los Angeles, California 90071
Phone (213) 486-9200


CERTIFICATION

I, James K. Dunton, certify that:

1.
I have reviewed this report on Form N-Q of American Mutual Fund, Inc.;
   
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
   
3.
Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which this report is filed;
   
4.
The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
   
 
a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
   
 
b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
   
 
c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
   
 
d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
   
5.
The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's Board of Directors (or persons performing the equivalent functions):
   
 
a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
   
 
b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
   


Date: September 28, 2009

/s/ James K. Dunton
James K. Dunton, Vice Chairman and
Principal Executive Officer
American Mutual Fund, Inc.

 
 
 

[logo - American Funds®]
American Mutual Fund, Inc.
333 South Hope Street
Los Angeles, California 90071
Phone (213) 486-9200


CERTIFICATION

I, Karl C. Grauman, certify that:

1.
I have reviewed this report on Form N-Q of American Mutual Fund, Inc.;
   
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
   
3.
Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which this report is filed;
   
4.
The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
   
 
a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
   
 
b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
   
 
c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
   
 
d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
   
5.
The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's Board of Directors (or persons performing the equivalent functions):
   
 
a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
   
 
b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
   


Date: September 28, 2009

/s/ Karl C. Grauman
Karl C. Grauman, Treasurer and
Principal Financial Officer
American Mutual Fund, Inc.
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