0000051931-14-001273.txt : 20141128 0000051931-14-001273.hdr.sgml : 20141127 20141128123933 ACCESSION NUMBER: 0000051931-14-001273 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20140930 FILED AS OF DATE: 20141128 DATE AS OF CHANGE: 20141128 EFFECTIVENESS DATE: 20141128 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN FUNDS FUNDAMENTAL INVESTORS CENTRAL INDEX KEY: 0000039473 IRS NUMBER: 221557722 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-00032 FILM NUMBER: 141255645 BUSINESS ADDRESS: STREET 1: ONE MARKET - STEUART TOWER STREET 2: SUITE 2000 CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 415-421-9360 MAIL ADDRESS: STREET 1: P.O. BOX 7650 (MICG) CITY: SAN FRANCISCO STATE: CA ZIP: 94120 FORMER COMPANY: FORMER CONFORMED NAME: FUNDAMENTAL INVESTORS INC DATE OF NAME CHANGE: 19920703 0000039473 S000009227 AMERICAN FUNDS FUNDAMENTAL INVESTORS C000025050 Class A ANCFX C000025051 Class R-1 RFNAX C000025052 Class R-2 RFNBX C000025053 Class R-3 RFNCX C000025054 Class R-4 RFNEX C000025055 Class R-5 RFNFX C000025056 Class B AFIBX C000025057 Class C AFICX C000025058 Class F-1 AFIFX C000025059 Class 529-A CFNAX C000025060 Class 529-B CFNBX C000025061 Class 529-C CFNCX C000025062 Class 529-E CFNEX C000025063 Class 529-F-1 CFNFX C000068558 Class F-2 FINFX C000077853 Class R-6 RFNGX C000148457 Class R-2E RFEBX N-Q 1 fi_nq.htm N-Q

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: 811-00032

 

 

 

American Funds Fundamental Investors

(Exact Name of Registrant as Specified in Charter)

 

One Market, Steuart Tower

Suite 2000

San Francisco, California 94105

(Address of Principal Executive Offices)

 

 

 

 

Registrant's telephone number, including area code: (415) 421-9360

 

Date of fiscal year end: December 31

 

Date of reporting period: September 30, 2014

 

 

 

 

 

Michael W. Stockton

American Funds Fundamental Investors

One Market, Steuart Tower

Suite 2000

San Francisco, California 94105

(Name and Address of Agent for Service)

 

 

Copies to:

Mark D. Perlow

K&L Gates LLP

Four Embarcadero Center, Suite 1200

San Francisco, California 94111

(Counsel for the Registrant)

 
 

ITEM 1 – Schedule of Investments

 

Fundamental Investors®
Investment portfolio
September 30, 2014
unaudited
Common stocks 95.44%
Financials 16.06% 		Shares Value
(000)
Wells Fargo & Co. 24,745,916 $1,283,571
JPMorgan Chase & Co. 16,205,000 976,189
American Express Co. 9,770,000 855,266
Capital One Financial Corp. 10,162,000 829,422
Berkshire Hathaway Inc., Class A1 3,835 793,461
CME Group Inc., Class A 8,007,600 640,248
ACE Ltd. 4,450,000 466,672
Goldman Sachs Group, Inc. 2,438,200 447,580
Legal & General Group PLC 119,784,921 444,499
Citigroup Inc. 8,000,000 414,560
American International Group, Inc. 7,641,700 412,805
Moody’s Corp. 4,115,000 388,868
SunTrust Banks, Inc. 10,103,987 384,255
Weyerhaeuser Co. 10,924,239 348,046
Equity Residential 4,506,171 277,490
Aon PLC, Class A 2,860,000 250,736
CNO Financial Group, Inc.2 11,900,000 201,824
BlackRock, Inc. 600,000 196,992
KeyCorp 14,060,000 187,420
American Tower Corp. 2,000,000 187,260
McGraw Hill Financial, Inc. 2,200,000 185,790
Svenska Handelsbanken AB, Class A 3,820,000 179,724
XL Group PLC 5,367,000 178,023
Deutsche Bank AG 4,696,000 164,741
Aegon NV 18,277,585 150,795
Charles Schwab Corp. 4,376,200 128,617
Leucadia National Corp. 4,589,846 109,422
Crown Castle International Corp. 1,251,522 100,785
Synchrony Financial1 4,100,000 100,655
    11,285,716
Consumer discretionary 15.83%    
Amazon.com, Inc.1 6,607,800 2,130,619
Comcast Corp., Class A 34,585,000 1,859,981
Home Depot, Inc. 14,110,000 1,294,451
Twenty-First Century Fox, Inc., Class A 26,125,000 895,826
Walt Disney Co. 9,390,000 835,992
Time Warner Inc. 9,230,000 694,188
Expedia, Inc. 4,891,000 428,549
Carnival Corp., units 7,920,000 318,146
NIKE, Inc., Class B 3,400,000 303,280
Macy’s, Inc. 5,000,000 290,900
CBS Corp., Class B 5,125,000 274,188
Viacom Inc., Class B 3,175,000 244,285
Marriott International, Inc., Class A 3,066,045 214,317
Johnson Controls, Inc. 4,600,000 202,400
Lowe’s Companies, Inc. 3,430,000 181,516
Fundamental Investors — Page 1 of 8
unaudited
Common stocks
Consumer discretionary (continued) 		Shares Value
(000)
Naspers Ltd., Class N 1,500,000 $165,518
Ralph Lauren Corp., Class A 920,000 151,552
Liberty Global PLC, Class C1 2,353,511 96,529
Liberty Global PLC, Class A1 863,679 36,741
Altice SA1 2,427,171 128,542
Wynn Resorts, Ltd. 650,000 121,602
Starbucks Corp. 1,000,000 75,460
Toyota Motor Corp. 930,000 54,804
VF Corp. 750,000 49,523
Lennar Corp., Class A 740,000 28,734
D.R. Horton, Inc. 1,300,000 26,676
Toll Brothers, Inc.1 640,000 19,942
Las Vegas Sands Corp. 76,800 4,778
    11,129,039
Information technology 15.65%    
Microsoft Corp. 56,205,000 2,605,664
Google Inc., Class C1 1,362,800 786,826
Google Inc., Class A1 1,327,800 781,291
Avago Technologies Ltd. 10,161,993 884,093
ASML Holding NV 4,555,030 453,470
ASML Holding NV (New York registered) 2,481,000 245,172
Apple Inc. 6,880,000 693,160
Cisco Systems, Inc. 27,230,000 685,379
Texas Instruments Inc. 12,070,300 575,632
Intel Corp. 12,000,000 417,840
Amphenol Corp., Class A 3,573,900 356,890
Analog Devices, Inc. 6,799,000 336,482
Intuit Inc. 2,962,382 259,653
Taiwan Semiconductor Manufacturing Co. Ltd. 59,120,000 233,219
Taiwan Semiconductor Manufacturing Co. Ltd. (ADR) 1,200,000 24,216
salesforce.com, inc.1 4,430,000 254,858
LinkedIn Corp., Class A1 1,020,000 211,946
MasterCard Inc., Class A 2,500,000 184,800
Murata Manufacturing Co., Ltd. 1,455,000 165,433
Visa Inc., Class A 750,000 160,027
Baidu, Inc., Class A (ADR)1 725,000 158,217
Maxim Integrated Products, Inc. 5,000,000 151,200
TE Connectivity Ltd. 1,955,000 108,092
ASM Pacific Technology Ltd. 10,397,300 102,904
Rackspace Hosting, Inc.1 3,138,200 102,148
Concur Technologies, Inc.1 474,000 60,113
    10,998,725
Industrials 13.79%    
Boeing Co. 11,400,000 1,452,132
Union Pacific Corp. 12,840,000 1,392,113
General Electric Co. 43,250,000 1,108,065
Lockheed Martin Corp. 3,113,200 569,031
Airbus Group NV 8,490,000 534,235
Parker-Hannifin Corp. 4,350,000 496,552
Rockwell Automation 3,500,000 384,580
Caterpillar Inc. 3,775,000 373,838
Deere & Co. 3,800,000 311,562
Masco Corp. 12,350,000 295,412
Fundamental Investors — Page 2 of 8
unaudited
Common stocks
Industrials (continued) 		Shares Value
(000)
Siemens AG 2,000,000 $238,388
United Technologies Corp. 2,200,000 232,320
TransDigm Group Inc. 1,260,000 232,256
Honeywell International Inc. 2,400,000 223,488
Schneider Electric SE 2,807,000 215,559
Iron Mountain Inc. 6,319,011 206,316
Cummins Inc. 1,410,000 186,092
United Continental Holdings, Inc.1 3,600,000 168,444
Waste Management, Inc. 3,400,000 161,602
MTU Aero Engines AG 1,835,346 156,706
Grafton Group PLC, units2 15,037,000 152,601
Fastenal Co. 3,100,000 139,190
Rolls-Royce Holdings PLC1 8,060,000 126,026
Ryanair Holdings PLC (ADR)1 1,850,000 104,395
Meggitt PLC 14,055,334 102,810
Northrop Grumman Corp. 740,000 97,502
Civeo Corp. 2,934,000 34,064
    9,695,279
Health care 10.11%    
Merck & Co., Inc. 22,285,000 1,321,055
Gilead Sciences, Inc.1 6,418,790 683,280
Vertex Pharmaceuticals Inc.1 5,800,000 651,398
Express Scripts Holding Co.1 8,880,000 627,194
Pfizer Inc. 18,600,000 550,002
Bristol-Myers Squibb Co. 9,500,000 486,210
Johnson & Johnson 4,000,000 426,360
Roche Holding AG 1,325,000 392,906
Baxter International Inc. 3,751,755 269,263
Regeneron Pharmaceuticals, Inc.1 728,000 262,459
Hologic, Inc.1 10,005,000 243,422
Boston Scientific Corp.1 20,000,000 236,200
AbbVie Inc. 3,400,000 196,384
Edwards Lifesciences Corp.1 1,700,000 173,655
Thermo Fisher Scientific Inc. 1,400,000 170,380
UnitedHealth Group Inc. 1,852,000 159,735
AstraZeneca PLC 1,612,100 116,077
PerkinElmer, Inc. 2,035,000 88,726
Humana Inc. 396,000 51,595
    7,106,301
Energy 9.18%    
ConocoPhillips 8,910,000 681,793
Suncor Energy Inc. 15,592,932 564,294
Noble Energy, Inc. 7,678,400 524,895
FMC Technologies, Inc.1 6,803,310 369,488
Royal Dutch Shell PLC, Class B (ADR) 4,663,834 369,003
Chevron Corp. 3,016,137 359,885
Baker Hughes Inc. 5,000,000 325,300
Concho Resources Inc.1 2,420,000 303,444
Denbury Resources Inc.2 18,900,000 284,067
Enbridge Inc. 5,903,972 282,613
Occidental Petroleum Corp. 2,600,000 249,990
Southwestern Energy Co.1 7,000,000 244,650
Chesapeake Energy Corp. 9,870,000 226,911
Fundamental Investors — Page 3 of 8
unaudited
Common stocks
Energy (continued) 		Shares Value
(000)
Peyto Exploration & Development Corp. 6,922,900 $218,452
Schlumberger Ltd. 2,100,000 213,549
EOG Resources, Inc. 2,000,000 198,040
Oceaneering International, Inc. 2,449,764 159,651
Kinder Morgan, Inc. 3,990,000 152,977
BG Group PLC 7,950,000 146,925
Phillips 66 1,670,000 135,788
Murphy Oil Corp. 2,140,000 121,787
Pioneer Natural Resources Co. 500,000 98,485
Oil States International, Inc.1 1,467,000 90,807
CONSOL Energy Inc. 1,600,000 60,576
Spectra Energy Corp 1,300,000 51,038
Seventy Seven Energy, Inc.1 705,000 16,737
    6,451,145
Consumer staples 5.75%    
Philip Morris International Inc. 15,820,000 1,319,388
Procter & Gamble Co. 8,910,000 746,123
PepsiCo, Inc. 5,000,000 465,450
British American Tobacco PLC 5,345,000 301,717
Campbell Soup Co. 6,000,000 256,380
Walgreen Co. 4,000,000 237,080
Costco Wholesale Corp. 1,700,000 213,044
Japan Tobacco Inc. 4,705,000 153,023
Pernod Ricard SA 1,150,000 130,203
Altria Group, Inc. 2,595,000 119,214
Kimberly-Clark Corp. 900,000 96,813
    4,038,435
Materials 4.00%    
Potash Corp. of Saskatchewan Inc. 18,062,708 624,247
LyondellBasell Industries NV 4,770,000 518,308
E.I. du Pont de Nemours and Co. 6,000,000 430,560
FMC Corp. 5,951,805 340,384
Mosaic Co. 5,500,000 244,255
Monsanto Co. 1,500,000 168,765
Praxair, Inc. 1,300,000 167,700
MeadWestvaco Corp. 3,660,000 149,841
Dow Chemical Co. 1,858,318 97,450
HudBay Minerals Inc. 6,744,900 57,635
Rio Tinto PLC 254,356 12,500
    2,811,645
Telecommunication services 1.50%    
Verizon Communications Inc. 8,080,362 403,937
SoftBank Corp. 5,240,000 367,361
Deutsche Telekom AG 12,800,000 194,005
Orange 6,000,000 90,220
    1,055,523
Fundamental Investors — Page 4 of 8
unaudited
Common stocks
Utilities 0.42% 		Shares Value
(000)
PG&E Corp. 2,500,000 $112,600
National Grid PLC 7,034,860 101,272
FirstEnergy Corp. 2,500,000 83,925
    297,797
Miscellaneous 3.15%    
Other common stocks in initial period of acquisition   2,210,198
Total common stocks (cost: $44,070,369,000)   67,079,803
Short-term securities 4.47% Principal amount
(000) 		 
3M Co. 0.07% due 11/3/20143 $ 25,000 24,998
Abbott Laboratories 0.10% due 12/2/2014—12/15/20143 99,500 99,486
Apple Inc. 0.07%—0.09% due 10/8/2014—10/16/20143 87,400 87,397
Chariot Funding, LLC 0.26% due 1/26/20153 25,000 24,985
Chevron Corp. 0.10%—0.12% due 10/8/2014—1/21/20153 106,000 105,970
Ciesco LLC 0.18% due 12/4/2014 25,900 25,892
Coca-Cola Co. 0.11%—0.17% due 10/20/2014—1/23/20153 192,700 192,653
Emerson Electric Co. 0.09% due 10/23/20143 30,000 29,999
Fannie Mae 0.06%—0.12% due 10/2/2014—6/1/2015 740,231 740,028
Federal Farm Credit Banks 0.11%—0.14% due 3/30/2015—7/2/2015 62,500 62,472
Federal Home Loan Bank 0.05%—0.10% due 10/14/2014—3/25/2015 499,550 499,513
Freddie Mac 0.06%—0.17% due 10/17/2014—7/23/2015 641,985 641,791
IBM Corp. 0.07%—0.10% due 10/3/2014—12/23/20143 111,100 111,095
Medtronic Inc. 0.08% due 11/4/20143 5,100 5,100
Paccar Financial Corp. 0.08% due 10/24/2014 22,100 22,098
PepsiCo Inc. 0.07% due 12/1/20143 40,500 40,493
Private Export Funding Corp. 0.13%—0.26% due 12/5/2014—1/22/20153 76,600 76,571
Procter & Gamble Co. 0.10%—0.12% due 10/24/2014—1/12/20153 169,700 169,679
United Parcel Service Inc. 0.13% due 1/2/20153 54,300 54,284
Wal-Mart Stores, Inc. 0.09% due 10/27/20143 50,000 49,999
Wells Fargo & Co. 0.14% due 10/8/2014 80,000 79,999
Total short-term securities (cost: $3,144,031,000)   3,144,502
Total investment securities 99.91% (cost: $47,214,400,000)   70,224,305
Other assets less liabilities 0.09%   60,049
Net assets 100.00%   $70,284,354
As permitted by U.S. Securities and Exchange Commission regulations, “Miscellaneous” securities include holdings in their first year of acquisition that have not previously been publicly disclosed.
Fundamental Investors — Page 5 of 8
unaudited
Investments in affiliates
A company is an affiliate of the fund under the Investment Company Act of 1940 if the fund’s holdings in that company represent 5% or more of the outstanding voting shares. Further details on these holdings and related transactions during the nine months ended September 30, 2014, appear below.
  Beginning
shares 		Additions Reductions Ending
shares 		Dividend
income
(000) 		Value of
affiliates at
9/30/2014
(000)
Denbury Resources Inc. 13,800,000 5,100,000 — 18,900,000 $2,917 $284,067
CNO Financial Group, Inc. 11,900,000 — — 11,900,000 2,142 201,824
Grafton Group PLC, units 15,037,000 — — 15,037,000 2,303 152,601
          $7,362 $638,492
    
1 Security did not produce income during the last 12 months.
2 Represents an affiliated company as defined under the Investment Company Act of 1940.
3 Acquired in a transaction exempt from registration under Section 4(2) of 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 $1,072,709,000, which represented 1.53% of the net assets of the fund.
Valuation disclosures
Capital Research and Management Company (“CRMC”), the fund’s investment adviser, values the fund’s investments at fair value as defined by U.S. generally accepted accounting principles. The net asset value of each share class of the fund is generally determined as of approximately 4:00 p.m. New York time each day the New York Stock Exchange is open. Security transactions are recorded by the fund as of the date the trades are executed with brokers.
Methods and inputs — The fund’s investment adviser uses the following methods and inputs to establish the fair value of the fund’s assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.
Equity securities are generally 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 on which the security trades.
Fixed-income securities, including short-term securities, are generally valued at prices obtained from one or more pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.
Fixed-income class Examples of standard inputs
All Benchmark yields, transactions, bids, offers, quotations from dealers and trading systems, new issues, spreads and other relationships observed in the markets among comparable securities; and proprietary pricing models such as yield measures calculated using factors such as cash flows, financial or collateral performance and other reference data (collectively referred to as “standard inputs”)
Corporate bonds & notes; convertible securities Standard inputs and underlying equity of the issuer
Bonds & notes of governments & government agencies Standard inputs and interest rate volatilities
Mortgage-backed; asset-backed obligations Standard inputs and cash flows, prepayment information, default rates, delinquency and loss assumptions, collateral characteristics, credit enhancements and specific deal information
When the fund’s investment adviser deems it appropriate to do so (such as when vendor prices are unavailable or deemed to be not representative), fixed-income securities will be valued in good faith at the mean quoted bid and ask prices that are reasonably and timely available (or bid prices, if ask prices are not available) or at prices for securities of comparable maturity, quality and type.
Fundamental Investors — Page 6 of 8
unaudited
Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund’s investment adviser.
Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund’s investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by authority of the fund’s board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as 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. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of the fund is determined. 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.
Processes and structure — The fund’s board of trustees has delegated authority to the fund’s investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the “Fair Valuation Committee”) to administer, implement and oversee the fair valuation process, and to make fair value decisions. The Fair Valuation Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser’s valuation teams. The Fair Valuation Committee reviews changes in fair value measurements from period to period and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. The Fair Valuation Committee reports any changes to the fair valuation guidelines to the board of trustees with supplemental information to support the changes. The fund’s board and audit committee also regularly review reports that describe fair value determinations and methods.
The fund’s investment adviser has also established a Fixed-Income Pricing Review Group to administer and oversee the fixed-income valuation process, including the use of fixed-income pricing vendors. This group regularly reviews pricing vendor information and market data. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews, including an annual control self-evaluation program facilitated by the investment adviser’s compliance group.
Classifications — The fund’s investment adviser classifies the fund’s assets and liabilities into three levels based on the inputs 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. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser’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 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 September 30, 2014 (dollars in thousands):
  Investment securities
  Level 1 Level 2 Level 3 Total
Assets:        
Common stocks:        
Financials $11,285,716 $— $— $11,285,716
Consumer discretionary 11,129,039 — — 11,129,039
Information technology 10,998,725 — — 10,998,725
Industrials 9,695,279 — — 9,695,279
Health care 7,106,301 — — 7,106,301
Energy 6,451,145 — — 6,451,145
Consumer staples 4,038,435 — — 4,038,435
Materials 2,811,645 — — 2,811,645
Telecommunication services 1,055,523 — — 1,055,523
Utilities 297,797 — — 297,797
Miscellaneous 2,210,198 — — 2,210,198
Short-term securities — 3,144,502 — 3,144,502
Total $67,079,803 $3,144,502 $— $70,224,305
Fundamental Investors — Page 7 of 8
unaudited
Federal income tax information (dollars in thousands)
Gross unrealized appreciation on investment securities $23,403,034
Gross unrealized depreciation on investment securities (398,493)
Net unrealized appreciation on investment securities 23,004,541
Cost of investment securities 47,219,764
    
Key to abbreviation  
ADR = American Depositary Receipts  
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the American Funds website at americanfunds.com.
MFGEFPX-010-1114O-S42224 Fundamental Investors — Page 8 of 8

 

 

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 FUNDS FUNDAMENTAL INVESTORS
   
  By /s/ Paul F. Roye
 

Paul F. Roye, Executive Vice President and

Principal Executive Officer

   
  Date: November 28, 2014

 

 

 

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/ Paul F. Roye _

Paul F. Roye, Executive Vice President and

Principal Executive Officer

 
Date: November 28, 2014

 

 

 

By /s/ Jeffrey P. Regal

Jeffrey P. Regal, Treasurer and

Principal Financial Officer

 
Date: November 28, 2014

 

 EX-99.CERT 2 fi_cert302.htm CERT302

 

 

 

 

 

American Funds Fundamental Investors

One Market, Steuart Tower

Suite 2000

San Francisco, California 94105

(415) 421-9360

 

CERTIFICATION

 

I, Paul F. Roye, certify that:

 

1. I have reviewed this report on Form N-Q of American Funds Fundamental Investors;
   
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 Trustees (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: November 28, 2014

 

/s/ Paul F. Roye

Paul F. Roye, Executive Vice President and

Principal Executive Officer

American Funds Fundamental Investors

 
 

 

 

 

 

 

American Funds Fundamental Investors

One Market, Steuart Tower

Suite 2000

San Francisco, California 94105

(415) 421-9360

 

CERTIFICATION

 

I, Jeffrey P. Regal, certify that:

 

1. I have reviewed this report on Form N-Q of American Funds Fundamental Investors;
   
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 Trustees (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: November 28, 2014

 

/s/ Jeffrey P. Regal

Jeffrey P. Regal, Treasurer and

Principal Financial Officer

American Funds Fundamental Investors

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