American Funds AMCAP A (AMCPX - Free Report) a Zacks Ranked #2 (Buy) was incepted in May 1967 and is managed by Capital Research and Management Company. The objective of AMCPX is to provide long-term growth of capital. AMCPX invests in established growth companies of any size with proven records of steady above-average earnings and a growth rate faster than that of the general market. Special emphasis is given to companies with rapid growth potential in expanding sectors of the U.S. economy. AMCPX invests only in U.S. common stocks, as well as in convertible preferred stocks and cash and equivalents.
This Large Growth fund, as of the last filing, allocates their fund in three major groups; Large Value, Large Growth and Precious Metal. Further, as of the last filing, Gilead Sciences Inc, Amgen Inc and Netflix, Inc were the top holdings for AMCPX.
The American Funds AMCAP A, managed by American Funds , carries an expense ratio of 0.68. Moreover, AMCPX requires a minimal initial investment of $250.
AMCPX has a history of strong positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 6.94%, 3 year 18.48% and 5 year 16.00%. To see how this fund performed compared in its category, please click here.
AMCPX’s performance, as of the last filing, when compared to funds in its category was in the top 72% in 1 year, top 33% over the past 3 years, and in the 29% over the past 5 years.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Pick the best mutual funds with the Zacks Rank.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>