The table below in this article presents The Skilled Investor’s Fund Authority Score and other information for the American Funds – AMCAP Fund – Class A Shares.
The diversified investment fund strategy of the American Funds – AMCAP Fund – Class A mutual fund shares (AMCPX)
According to its prospectus filing on the U.S. Securities and Exchange Commission EDGAR system, the investment objective of the American Funds – AMCAP Fund is “to provide you with long-term growth of capital. It invests primarily in stocks of issuers located in the U.S. but may invest in non-U.S. securities to a limited extent.” When this report was prepared, recent data indicated that this actively managed growth mutual fund held 79.0% of its mutual fund assets in U.S. stocks, 3.4% in non-US equities, and 17.6% in cash and cash equivalent investment assets.
Fund Authority Scores for mutual funds and exchange traded funds (ETFs) help you sort diversified investment funds quickly.
Fund Authority Scores rate mutual funds and exchange traded funds (ETFs) on the most important economic factors that influence individual investors’ net long term diversified investment fund performance. The Skilled Investor developed the Fund Authority Score system to provide individual investors with concise, objective, and realistic summaries of mutual funds and ETFs for comparisons within investment asset classes.
For a directory of the Fund Authority Score reports of other mutual funds and ETFs, go here. When you go to this Fund Authority Score directory, you can easily find a list of all fund reports at the bottom of each article for that particular investment asset class. For more information about how a Fund Authority Score is developed for each mutual fund or ETF, go here.
The Fund Authority Score for the American Funds – AMCAP Fund – Class A Shares (AMCPX)
Using an integer scale ranging from -10 to +10, Fund Authority Scores for equity investment funds measure five factors:
1) annualized management and investment sales expenses (40% weighting), 2) annual trading costs implied by investment fund portfolio turnover (30% weighting), 3) inferior and superior historical performance (20% weighting), 4) minimum fund maturity (5% weighting), and 5) minimum fund size for operating efficiency (5% weighting).
Fund Authority Scores zero in on the most effective strategy that you have to increase your long-term mutual fund and ETF investment returns, which is to cut investment costs to rock bottom. With such a smart, low cost investment [...]