0000051931-15-001425.txt : 20151127 0000051931-15-001425.hdr.sgml : 20151126 20151127152106 ACCESSION NUMBER: 0000051931-15-001425 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20150930 FILED AS OF DATE: 20151127 DATE AS OF CHANGE: 20151127 EFFECTIVENESS DATE: 20151127 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: 151258104 BUSINESS ADDRESS: STREET 1: 6455 IRVINE CENTER DRIVE CITY: IRVINE STATE: CA ZIP: 92618 BUSINESS PHONE: 213-486-9501 MAIL ADDRESS: STREET 1: 333 S HOPE ST - 55TH FLOOR (GYR) CITY: LOS ANGELES STATE: CA ZIP: 90071 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)

 

6455 Irvine Center Drive

Irvine, California 92618

(Address of Principal Executive Offices)

 

 

 

 

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

 

Date of fiscal year end: December 31

 

Date of reporting period: September 30, 2015

 

 

 

 

 

Michael W. Stockton

American Funds Fundamental Investors

6455 Irvine Center Drive

Irvine, California 92618

(Name and Address of Agent for Service)

 

 

 
 

ITEM 1 – Schedule of Investments

 

Fundamental Investors®
Investment portfolio
September 30, 2015
unaudited
Common stocks 95.25%
Consumer discretionary 18.34% 		Shares Value
(000)
Amazon.com, Inc.1 4,906,800 $2,511,742
Comcast Corp., Class A 33,287,000 1,893,365
Home Depot, Inc. 13,210,000 1,525,623
Twenty-First Century Fox, Inc., Class A 29,125,000 785,792
Walt Disney Co. 7,140,000 729,708
Target Corp. 7,015,000 551,800
Time Warner Inc. 7,795,000 535,906
McDonald’s Corp. 5,200,000 512,356
Expedia, Inc. 3,980,000 468,366
Las Vegas Sands Corp. 10,100,000 383,497
Macy’s, Inc. 5,200,000 266,864
NIKE, Inc., Class B 2,080,000 255,778
Newell Rubbermaid Inc. 6,000,000 238,260
Johnson Controls, Inc. 5,000,000 206,800
CBS Corp., Class B 4,990,226 199,110
Lowe’s Companies, Inc. 2,556,800 176,215
Starbucks Corp. 3,070,000 174,499
Naspers Ltd., Class N2 1,300,000 163,115
Priceline Group Inc.1 120,000 148,423
Charter Communications, Inc., Class A1 838,000 147,362
JD.com, Inc., Class A (ADR)1 5,180,000 134,991
Liberty Global PLC, Class C1 2,353,511 96,541
Liberty Global PLC, Class A1 863,679 37,086
Viacom Inc., Class B 2,500,000 107,875
Wynn Resorts, Ltd. 1,412,328 75,023
Ralph Lauren Corp., Class A 460,000 54,354
TopBuild Corp.1 1,084,082 33,574
Liberty Global PLC LiLAC, Class C1 117,675 4,029
Liberty Global PLC LiLAC, Class A1 43,183 1,455
    12,419,509
Information technology 16.99%    
Microsoft Corp. 63,155,000 2,795,240
Avago Technologies Ltd. 10,704,932 1,338,224
Texas Instruments Inc. 16,850,300 834,427
Google Inc., Class C1 779,317 474,152
Google Inc., Class A1 487,800 311,397
ASML Holding NV2 4,555,030 399,352
ASML Holding NV (New York registered) 3,036,000 267,107
Intel Corp. 21,815,173 657,509
Visa Inc., Class A 8,780,000 611,615
Apple Inc. 5,400,000 595,620
Taiwan Semiconductor Manufacturing Co., Ltd.2 130,240,000 519,723
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR) 3,484,800 72,310
Amphenol Corp., Class A 6,750,000 343,980
salesforce.com, inc.1 4,865,000 337,777
Intuit Inc. 3,760,000 333,700
Fundamental Investors — Page 1 of 8
unaudited
Common stocks
Information technology (continued) 		Shares Value
(000)
Analog Devices, Inc. 4,999,000 $281,994
Cisco Systems, Inc. 10,000,000 262,500
Baidu, Inc., Class A (ADR)1 1,890,000 259,705
MasterCard Inc., Class A 2,500,000 225,300
International Business Machines Corp. 1,450,000 210,206
Murata Manufacturing Co., Ltd.2 1,200,000 155,842
TE Connectivity Ltd. 1,955,000 117,085
ASM Pacific Technology Ltd.2 9,543,400 63,017
KLA-Tencor Corp. 825,140 41,257
    11,509,039
Financials 15.46%    
Wells Fargo & Co. 28,680,916 1,472,765
JPMorgan Chase & Co. 19,000,000 1,158,430
Berkshire Hathaway Inc., Class A1 4,555 889,318
Capital One Financial Corp. 10,162,000 736,948
CME Group Inc., Class A 6,731,437 624,274
SunTrust Banks, Inc. 14,403,987 550,808
American Express Co. 6,495,000 481,474
ACE Ltd. 4,350,000 449,790
Goldman Sachs Group, Inc. 2,438,200 423,662
Citigroup Inc. 8,500,000 421,685
Legal & General Group PLC2 109,784,921 396,443
PNC Financial Services Group, Inc. 3,991,000 355,997
Crown Castle International Corp. 3,557,039 280,544
Discover Financial Services 5,200,000 270,348
American International Group, Inc. 4,666,700 265,162
Weyerhaeuser Co.1 9,000,107 246,063
CNO Financial Group, Inc.3 11,900,000 223,839
KeyCorp 16,060,000 208,941
American Tower Corp. 2,000,000 175,960
Svenska Handelsbanken AB, Class A2 11,460,000 164,636
Iron Mountain Inc. 5,043,892 156,462
Aegon NV2 22,277,585 128,291
BlackRock, Inc. 430,000 127,912
McGraw Hill Financial, Inc. 1,400,000 121,100
Equinix, Inc. 375,000 102,525
Leucadia National Corp. 1,166,445 23,632
Moody’s Corp. 120,000 11,784
    10,468,793
Health care 11.93%    
Express Scripts Holding Co.1 12,050,000 975,568
Medtronic PLC 12,040,000 805,958
Merck & Co., Inc. 16,235,000 801,847
Pfizer Inc. 18,600,000 584,226
UnitedHealth Group Inc. 4,629,500 537,068
Bristol-Myers Squibb Co. 8,830,000 522,736
Vertex Pharmaceuticals Inc.1 4,675,000 486,854
Boston Scientific Corp.1 23,855,000 391,461
Thermo Fisher Scientific Inc. 3,000,000 366,840
Regeneron Pharmaceuticals, Inc.1 759,000 353,041
Gilead Sciences, Inc. 3,418,790 335,691
Roche Holding AG, non-registered shares, non-voting2 1,125,000 297,398
Novartis AG2 3,190,000 293,846
Fundamental Investors — Page 2 of 8
unaudited
Common stocks
Health care (continued) 		Shares Value
(000)
Johnson & Johnson 3,100,000 $289,385
Humana Inc. 1,190,000 213,010
AstraZeneca PLC2 2,530,000 160,562
Abbott Laboratories 3,816,771 153,511
Hologic, Inc.1 3,565,000 139,498
Aetna Inc. 1,210,000 132,386
Baxter International Inc. 3,751,755 123,245
Baxalta Inc. 3,751,755 118,218
    8,082,349
Consumer staples 10.85%    
Philip Morris International Inc. 26,535,000 2,105,022
Coca-Cola Co. 28,435,000 1,140,812
Reynolds American Inc. 15,598,140 690,530
Procter & Gamble Co. 7,460,000 536,672
Walgreens Boots Alliance, Inc. 5,375,000 446,662
Kroger Co. 11,050,000 398,574
Kraft Heinz Co. 4,900,000 345,842
Altria Group, Inc. 6,310,000 343,264
British American Tobacco PLC2 5,905,000 326,350
Campbell Soup Co. 6,000,000 304,080
Costco Wholesale Corp. 1,700,000 245,769
Diageo PLC2 7,000,000 188,373
CVS Health Corp. 1,820,000 175,594
Pinnacle Foods Inc. 2,490,000 104,281
    7,351,825
Industrials 10.46%    
Boeing Co. 8,320,000 1,089,504
General Electric Co. 40,050,000 1,010,061
Union Pacific Corp. 8,440,000 746,180
Lockheed Martin Corp. 2,953,200 612,228
Parker-Hannifin Corp. 4,675,000 454,877
Rockwell Automation 3,500,000 355,145
Deere & Co. 4,000,000 296,000
Caterpillar Inc. 4,275,000 279,414
TransDigm Group Inc.1 1,310,000 278,257
Masco Corp. 10,548,328 265,607
Honeywell International Inc. 2,400,000 227,256
Cummins Inc. 1,757,300 190,808
Grafton Group PLC, units2,3 15,037,000 152,148
Norfolk Southern Corp. 1,934,600 147,803
Ryanair Holdings PLC (ADR) 1,850,000 144,855
KAR Auction Services, Inc. 3,500,000 124,250
Northrop Grumman Corp. 740,000 122,803
Fastenal Co. 3,100,000 113,491
MTU Aero Engines AG2 1,120,089 93,556
Meggitt PLC2 12,408,514 89,594
United Continental Holdings, Inc.1 1,567,600 83,161
Schneider Electric SE2 1,403,500 78,707
Waste Management, Inc. 1,400,000 69,734
Airbus Group SE, non-registered shares2 975,000 57,911
    7,083,350
Fundamental Investors — Page 3 of 8
unaudited
Common stocks
Energy 6.33% 		Shares Value
(000)
ConocoPhillips 9,610,000 $460,896
Enbridge Inc. (CAD denominated) 9,721,391 360,955
Chevron Corp. 4,476,137 353,078
Baker Hughes Inc. 6,458,300 336,090
Suncor Energy Inc. 10,996,034 294,079
Concho Resources Inc.1 2,920,000 287,036
EOG Resources, Inc. 3,935,000 286,468
Royal Dutch Shell PLC, Class B (ADR) 4,663,834 221,439
Peyto Exploration & Development Corp.3 10,185,882 211,808
Schlumberger Ltd. 2,350,000 162,080
BP PLC2 30,000,000 152,060
Noble Energy, Inc. 4,851,400 146,415
Phillips 66 1,709,488 131,357
TOTAL SA (ADR) 1,908,259 85,318
TOTAL SA2 1,014,516 45,740
Helmerich & Payne, Inc. 2,450,000 115,787
Cimarex Energy Co. 1,100,000 112,728
Kinder Morgan, Inc. 3,990,000 110,443
Murphy Oil Corp. 4,140,000 100,188
BG Group PLC2 6,800,000 98,054
Southwestern Energy Co.1 7,000,000 88,830
Pioneer Natural Resources Co. 449,469 54,673
Tourmaline Oil Corp.1 1,633,800 38,038
FMC Technologies, Inc.1 530,600 16,449
CONSOL Energy Inc. 1,600,000 15,680
    4,285,689
Materials 3.12%    
Praxair, Inc. 6,795,000 692,139
LyondellBasell Industries NV 4,270,000 355,947
E.I. du Pont de Nemours and Co. 6,700,525 322,965
FMC Corp.3 6,758,000 229,164
Potash Corp. of Saskatchewan Inc. 9,500,000 195,225
Airgas, Inc. 1,480,000 132,208
Dow Chemical Co. 1,858,318 78,793
Air Products and Chemicals, Inc. 600,000 76,548
HudBay Minerals Inc. 6,744,900 24,918
WestRock Co. 51,319 2,640
The Chemours Co. 256,000 1,656
    2,112,203
Telecommunication services 0.91%    
Verizon Communications Inc. 4,552,004 198,058
Deutsche Telekom AG2 10,000,000 177,520
SoftBank Group Corp.2 3,740,000 172,079
TDC A/S2 13,248,762 68,367
    616,024
Utilities 0.19%    
PG&E Corp. 2,500,000 132,000
Fundamental Investors — Page 4 of 8
unaudited
Common stocks
Miscellaneous 0.67% 		Shares Value
(000)
Other common stocks in initial period of acquisition   $456,149
Total common stocks (cost: $47,209,969,000)   64,516,930
Short-term securities 5.23% Principal amount
(000) 		 
Apple Inc. 0.13% due 10/8/20154 $75,000 74,998
Caterpillar Financial Services Corp. 0.12% due 10/14/2015 38,800 38,798
Chariot Funding, LLC 0.30% due 11/6/20154 40,000 39,991
Chevron Corp. 0.13%–0.17% due 10/7/2015–11/10/20154 130,700 130,687
Coca-Cola Co. 0.18%–0.23% due 10/13/2015–11/5/20154 60,000 59,996
Estée Lauder Companies Inc. 0.17% due 10/8/20154 26,000 25,999
Fannie Mae 0.11%–0.27% due 10/26/2015–2/9/2016 513,200 513,177
Federal Farm Credit Banks 0.21% due 2/10/2016 50,000 49,988
Federal Home Loan Bank 0.09%–0.26% due 10/7/2015–4/12/2016 1,678,305 1,678,254
Freddie Mac 0.10%–0.23% due 10/5/2015–2/24/2016 464,500 464,466
General Electric Capital Corp. 0.21% due 11/30/2015 9,030 9,027
General Electric Co. 0.10% due 10/1/2015 24,550 24,550
John Deere Financial Ltd. 0.16% due 10/13/20154 50,000 49,998
Microsoft Corp. 0.16% due 10/20/20154 110,600 110,597
Qualcomm Inc. 0.12% due 10/7/20154 30,000 29,999
United Parcel Service Inc. 0.16% due 11/5/20154 90,000 89,990
Wal-Mart Stores, Inc. 0.15% due 11/12/20154 35,100 35,096
Walt Disney Co. 0.13%–0.15% due 10/1/2015–10/26/20154 113,600 113,594
Total short-term securities (cost: $3,538,580,000)   3,539,205
Total investment securities 100.48% (cost: $50,748,549,000)   68,056,135
Other assets less liabilities (0.48)%   (321,772)
Net assets 100.00%   $67,734,363
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.
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, 2015, appear below.
  Beginning
shares 		Additions Reductions Ending
shares 		Dividend
income
(000) 		Value of
affiliates at
9/30/2015
(000)
FMC Corp. 6,758,000 — — 6,758,000 $3,345 $229,164
CNO Financial Group, Inc. 11,900,000 — — 11,900,000 2,380 223,839
Peyto Exploration & Development Corp. 8,107,500 2,078,382 — 10,185,882 6,216 211,808
Grafton Group PLC, units2 15,037,000 — — 15,037,000 2,615 152,148
Denbury Resources Inc.5 20,500,000 — 20,500,000 — 1,956 —
          $16,512 $816,959
    
Fundamental Investors — Page 5 of 8
unaudited
1 Security did not produce income during the last 12 months.
2 Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $4,442,684,000, which represented 6.56% of the net assets of the fund. This entire amount relates to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading.
3 Represents an affiliated company as defined under the Investment Company Act of 1940.
4 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 $760,945,000, which represented 1.12% of the net assets of the fund.
5 Unaffiliated issuer at 9/30/2015.
Valuation disclosures
Capital Research and Management Company (“CRMC”), the fund’s investment adviser, values the fund’s investments at fair value as defined by accounting principles generally accepted in the United States of America. 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.
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
Fundamental Investors — Page 6 of 8
unaudited
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, 2015 (dollars in thousands):
  Investment securities
  Level 1 Level 2* Level 3 Total
Assets:        
Common stocks:        
Consumer discretionary $12,256,394 $163,115 $— $12,419,509
Information technology 10,371,105 1,137,934 — 11,509,039
Financials 9,779,423 689,370 — 10,468,793
Health care 7,330,543 751,806 — 8,082,349
Consumer staples 6,837,102 514,723 — 7,351,825
Industrials 6,611,434 471,916 — 7,083,350
Energy 3,989,835 295,854 — 4,285,689
Materials 2,112,203 — — 2,112,203
Telecommunication services 198,058 417,966 — 616,024
Utilities 132,000 — — 132,000
Miscellaneous 456,149 — — 456,149
Short-term securities — 3,539,205 — 3,539,205
Total $60,074,246 $7,981,889 $— $68,056,135
* Securities with a value of $4,442,684,000, which represented 6.56% of the net assets of the fund, were classified as Level 2 due to significant market movements following the close of local trading.
Fundamental Investors — Page 7 of 8
unaudited
Federal income tax information (dollars in thousands)
Gross unrealized appreciation on investment securities $19,125,095
Gross unrealized depreciation on investment securities (1,816,730)
Net unrealized appreciation on investment securities 17,308,365
Cost of investment securities 50,747,770
    
Key to abbreviations
ADR = American Depositary Receipts
CAD = Canadian dollars
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-010-1115O-S49165 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 27, 2015

 

 

 

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 27, 2015

 

 

 

By /s/ Jeffrey P. Regal

Jeffrey P. Regal, Treasurer and

Principal Financial Officer

 
Date: November 27, 2015

 EX-99.CERT 2 fi_cert302.htm CERT302

 

 

 

 

 

American Funds Fundamental Investors

6455 Irvine Center Drive

Irvine, California 92618

(213) 486-9200

 

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 27, 2015

 

/s/ Paul F. Roye

Paul F. Roye, Executive Vice President and

Principal Executive Officer

American Funds Fundamental Investors

 
 

 

 

 

 

 

American Funds Fundamental Investors

6455 Irvine Center Drive

Irvine, California 92618

(213) 486-9200

 

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 27, 2015

 

/s/ Jeffrey P. Regal

Jeffrey P. Regal, Treasurer and

Principal Financial Officer

American Funds Fundamental Investors

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