Capital Group has announced that Will Robbins stepped down as lead principal investment officer of American Funds American Mutual on April 1. Charles Ellwein, one of eight other managers on the strategy (along with Robbins), has taken Robbins’ place allocating capital to the managers’ independently run portions of the portfolio. Because Robbins will remain a manager here, and because Ellwein has acquired some PIO experience as lead of the team from Capital Research Global Investors since June 2021, no major changes in the investment approach are expected here. The strategy retains its High People and Above Average Process ratings as well as the respective Morningstar Medalist Rating of each share class.
American Funds American Mutual 529F CMLFX
- NAV / 1-Day Return 51.87 / −0.12 %
- Total Assets 93.5 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.700%
- Distribution Fee Level Below Average
- Share Class Type No Load
- Category Large Value
- Investment Style Large Blend
- Min. Initial Investment 250
- Status Open
- TTM Yield —
- Turnover 25%
USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:16 PM GMT+0
Morningstar’s Analysis CMLFX
Will CMLFX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 27.6
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Microsoft Corp | 6.11 | 5.9 Bil | Technology |
Capital Group Central Cash Fund | 4.87 | 4.7 Bil | Cash and Equivalents |
AbbVie Inc | 3.41 | 3.3 Bil | Healthcare |
Cash And Other Assets Less Liablities | 3.07 | 3.0 Bil | Cash and Equivalents |
GE Aerospace | 2.90 | 2.8 Bil | Industrials |
RTX Corp | 2.88 | 2.8 Bil | Industrials |
Apple Inc | 2.61 | 2.5 Bil | Technology |
Abbott Laboratories | 2.59 | 2.5 Bil | Healthcare |
JPMorgan Chase & Co | 1.92 | 1.9 Bil | Financial Services |
Union Pacific Corp | 1.83 | 1.8 Bil | Industrials |