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American Funds Washington Mutual 529C CWMCX

Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 60.23  /  +0.02 %
  • Total Assets 183.9 Bil
  • Adj. Expense Ratio
  • Expense Ratio 1.390%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category Large Blend
  • Investment Style Large Blend
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 0.79%
  • Turnover 30%

USD | NAV as of Jun 18, 2024 | 1-Day Return as of Jun 18, 2024, 10:13 PM GMT+0

Morningstar’s Analysis CWMCX

Will CWMCX outperform in future?

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

Upcoming Manager Changes on American Funds Washington Mutual; Ratings Unchanged

null Stephen Welch

Stephen Welch

Analyst Note

American Funds' parent, Capital Group, announced that veteran manager Jeffrey Lager will step off American Funds Washington Mutual on April 1, 2024, and retire from the firm on July 1, 2024. Lager has spent 27 years of his 29-year career at Capital Group and has been a manager here since 2004. Coinciding with Lager's reduced role, Aline Avzaradel will be disclosed as a manager on April 1, 2024. Additionally, Alan Wilson will officially leave the fund at the end of 2024. In this case, Wilson is stepping back to focus on other firm duties. Management changes aren't unusual at American Funds as its multimanager system allows for them. Dividing each fund's asset base into individually run sleeves lets one manager depart and another join with relatively minimal disruption. While Avzaradel hasn't been at Capital Group as long as Lager, she has spent more than 19 years at the firm. She isn’t new to portfolio management, either, and has run sleeves of American Funds Capital Income Builder CAIBX and American Funds Investment Company of America AIVSX since 2016 and 2019, respectively. She also has run a sleeve in this strategy as an undisclosed manager for two years. These changes do not alter the strategy's High People rating or its Morningstar Medalist Ratings.

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Portfolio Holdings CWMCX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 30.7
Top 10 Holdings
% Portfolio Weight
Market Value USD

Broadcom Inc

6.79 12.3 Bil

Microsoft Corp

6.73 12.2 Bil

Capital Group Central Cash Fund

2.91 5.3 Bil
Cash and Equivalents

Eli Lilly and Co

2.87 5.2 Bil

UnitedHealth Group Inc

2.85 5.2 Bil

Marsh & McLennan Companies Inc

2.40 4.3 Bil
Financial Services

Comcast Corp Class A

2.27 4.1 Bil
Communication Services

The Home Depot Inc

1.93 3.5 Bil
Consumer Cyclical

JPMorgan Chase & Co

1.67 3.0 Bil
Financial Services

AbbVie Inc

1.62 2.9 Bil