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American Funds American Mutual 529A CMLAX

Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 52.76  /  +0.19 %
  • Total Assets 94.6 Bil
  • Adj. Expense Ratio
    0.620%
  • Expense Ratio 0.620%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Large Value
  • Investment Style Large Blend
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 2.04%
  • Turnover 25%

USD | NAV as of Feb 23, 2024 | 1-Day Return as of Feb 23, 2024, 11:14 PM GMT+0

Morningstar’s Analysis CMLAX

Will CMLAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

A Manager Addition on American Funds American Mutual Does Not Change Our View

null Stephen Welch

Stephen Welch

Analyst Note

American Funds parent Capital Group announced that Martin Jacobs will join American Funds American Mutual's management team on Nov. 16, 2023, bringing the total of named managers to eight. Comanager Bradley Vogt passed away unexpectedly on Sept. 20, 2023. Vogt had spent his entire 35-year investment career with Capital Group and had been a manager on this strategy since 2015. This does not alter the strategy's High People rating or its Morningstar Medalist Ratings. Jacobs is an industry veteran. He has run a sleeve of American Funds AMCAP AMCPX and American Funds Investment Company of America AIVSX for four years each. He has also served as an undisclosed manager on this fund for three years, something Capital Group does regularly when adding managers to strategies. Jacobs has spent 22 of his 34 years in the industry at the firm, where he has covered U.S. industrials, machinery, and electrical equipment companies. He focuses on investing in two types of businesses for the long term. In one bucket, he likes built-to-last companies with solid management teams and superior competitive advantages. In the other bucket, he likes to invest in unloved businesses that are experiencing a short-term challenge.

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Portfolio Holdings CMLAX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 27.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Capital Group Central Cash Fund

5.65 5.2 Bil
Cash and Equivalents

Microsoft Corp

5.65 5.2 Bil
Technology

AbbVie Inc

3.18 2.9 Bil
Healthcare

RTX Corp

2.77 2.5 Bil
Industrials

Apple Inc

2.66 2.4 Bil
Technology

Abbott Laboratories

2.55 2.3 Bil
Healthcare

General Electric Co

2.50 2.3 Bil
Industrials

Union Pacific Corp

2.20 2.0 Bil
Industrials

UnitedHealth Group Inc

1.95 1.8 Bil
Healthcare

Linde PLC

1.84 1.7 Bil
Basic Materials