Capital Group has announced that Brady Enright stepped down as lead principal investment officer of American Funds Fundamental Investors on April 1. Mark Casey, who has overseen the contributions of a team from Capital International Investors to this strategy since July 2018, will take Enright’s place allocating capital to the managers’ independently run portions of the portfolio. Enright will remain a manager on the strategy. Given Enright’s continued involvement and Casey’s readiness for the lead PIO role, the changes affect neither the strategy’s Above Average People and Process ratings nor its share classes’ respective Morningstar Medalist Ratings.
American Funds Fundamental Invs R5E RFNHX
- NAV / 1-Day Return 85.53 / +0.69 %
- Total Assets 141.5 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.430%
- Distribution Fee Level Low
- Share Class Type Retirement, Large
- Category Large Blend
- Investment Style Large Growth
- Min. Initial Investment 250
- Status Open
- TTM Yield 1.09%
- Turnover 28%
USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 10:17 PM GMT+0
Morningstar’s Analysis RFNHX
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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 32.2
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Broadcom Inc | 6.87 | 9.3 Bil | Technology |
Microsoft Corp | 6.18 | 8.4 Bil | Technology |
Alphabet Inc Class C | 3.13 | 4.3 Bil | Communication Services |
Meta Platforms Inc Class A | 2.95 | 4.0 Bil | Communication Services |
TransDigm Group Inc | 2.58 | 3.5 Bil | Industrials |
Philip Morris International Inc | 2.56 | 3.5 Bil | Consumer Defensive |
Amazon.com Inc | 2.33 | 3.2 Bil | Consumer Cyclical |
Capital Group Central Cash Fund | 2.15 | 2.9 Bil | Cash and Equivalents |
Novo Nordisk A/S Class B | 2.07 | 2.8 Bil | Healthcare |
UnitedHealth Group Inc | 1.84 | 2.5 Bil | Healthcare |