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 and objective 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 diversified investment fund strategy of the Washington Mutual Investors Fund mutual fund
At approximately $89 billion in assets with 2.7 million shareholder accounts, the Washington Mutual Investors Fund mutual fund is a very large, actively managed diversified investment fund. This mutual fund’s investment portfolio consists predominantly of large capitalization U.S. stock securities. Recently, about 97% of this mutual fund’s portfolio assets were invested in U.S. equities. There were no U.S or non-U.S. bonds in the investment portfolio. Cash and cash equivalents made up 3% of the portfolio.
According to the American Funds mutual fund prospectus for the Washington Mutual Investors Fund, “the fund seeks to produce income and to provide an opportunity for growth of principal consistent with sound common stock investing. The fund invests primarily in common stocks of larger, more established companies that are listed on, or meet the financial listing requirements of the New York Stock Exchange and have a strong record of earnings and dividends.”
Recently, 1% of portfolio assets was invested in non-U.S. domiciled stocks. The statement of its investment limitations and guidelines in its recent 497 filing on the U.S. Securities and Exchange Commission’s EDGAR system indicates that the Washington Mutual Investors Fund will not invest any more than 5% of its portfolio in the stocks of issuers domiciled outside of the United States.
The Washington Mutual Investors Fund has a variety of share classes which can only be purchased through a financial advisor, investment counselor, or other financial intermediary, but not directly by an individual investor.
The Fund Authority Score for the American Funds – Washington Mutual Investors Fund – Class A Shares (AWSHX)
The table below presents [...]