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American Funds AMCAP 529-F-3 (FMCMX)

46.00 +0.30 (+0.66%)
At close: 8:05 AM EST

Fund Summary

The fund invests primarily in common stocks of U.S. companies that have solid long-term growth records and the potential for good future growth. The basic investment philosophy of the investment adviser is to seek to invest in attractively valued companies that, in its opinion, represent good, long-term investment opportunities.

American Funds AMCAP 529-F-3

Los Angeles CA 90071
333 S Hope St - 55th Fl (MICG)
213-486-9200

Fund Overview

Category Large Growth
Fund Family American Funds
Net Assets 87.72B
YTD Return 17.30%
Yield 0.45%
Morningstar Rating
Inception Date Oct 30, 2020

Fund Operations

Last Dividend 0.39
Last Cap Gain 46.00
Holdings Turnover 27.00%
Average for Category --

Fees & Expenses

Expense FMCMX Category Average
Annual Report Expense Ratio (net) 0.39% 0.99%
Prospectus Net Expense Ratio 0.39% --
Prospectus Gross Expense Ratio 0.39% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 5.36%
Max Deferred Sales Load -- 1.33%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Lawrence R. Solomon, Lead Manager since May 01, 2011
Lawrence R. Solomon is an equity portfolio manager at Capital Group. He has 38 years of investment experience and has been with Capital Group for 37 years. Earlier in his career at Capital, Larry was an equity investment analyst covering computer hardware, software, communications equipment, computer services and imaging. Prior to joining Capital, he was an economic consultant and research analyst for Data Resources, Inc. in Los Angeles. Larry holds a bachelor’s degree in economics from Occidental College, graduating cum laude, and the Chartered Financial Analyst? designation. Larry is based in San Francisco.

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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