- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 333 S Hope St - 55th Fl (micg) Los Angeles CA United States of America 90071
- IPO Date
- Mar 15, 2001
- Business
- American Funds AMCAP Fund (AMPFX) is an open-end mutual fund managed by Capital Research and Management Company (CRMC), a subsidiary of Capital Group Companies, Inc., that seeks long-term growth of capital by investing primarily in common stocks of U.S. companies demonstrating solid long-term growth records and potential for future growth; the fund emphasizes attractively valued companies representing good long-term investment opportunities, with a portfolio heavily allocated to U.S. equities (approximately 92-93%), non-U.S. equities (5-6%), and cash equivalents, across sectors such as information technology (36.5%), consumer discretionary (14.7%), health care (11.6%), communication services (11.4%), and industrials (11.3%). AMPFX represents the Class F-1 share class of the AMCAP Fund, which offers multiple share classes including A (AMCPX), C (AMPCX), and others, each with varying expense ratios (0.70% for AMPFX), minimum initial investments ($250), and distribution structures; the fund maintains over 169 holdings in large- and mid-cap growth stocks, with a portfolio turnover of 36% and geographic focus predominantly in the United States (94.6%), supplemented by limited exposure to Canada, Europe & Middle East, Asia-Pacific ex-Japan, and emerging markets ex-China. Launched in 1967 and domiciled in the United States with headquarters at 333 South Hope Street, Los Angeles, California, the fund targets individual investors, financial professionals, and institutions seeking large growth exposure, with total net assets exceeding $97.9 billion as of November 30, 2025, across approximately 1.17 million shareholder accounts for the broader fund family. In recent developments, the fund's Board approved amendments to the advisory agreement in 2025, including an asset-only advisory fee schedule for enhanced stability and consistency; Capital Group pursued broader operational updates and Board oversight enhancements across American Funds, alongside proposals to adapt certain funds (e.g., New Perspective Fund) to non-diversified status for greater investment flexibility in select issuers; these changes, reviewed in December 2024 and approved by June 2025, position the funds for superior long-term results amid evolving market conditions, with no major acquisitions, funding rounds, or name changes reported for AMCAP specifically.