American Funds Washington Mutual F3
FWMIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Los Angeles CA 90071 Los Angeles CA United States of America 90071
- IPO Date
- Jan 27, 2017
- CIK
- 0000104865
- Website
- capitalgroup.com
- Similar Companies
- Business
- American Funds Washington Mutual Investors Fund F3 (FWMIX) is an open-end mutual fund that seeks to produce income and provide growth of principal consistent with sound common stock investing by primarily investing in common stocks of established, high-quality companies listed on, or meeting the financial listing requirements of, the New York Stock Exchange with strong records of earnings and dividends; it maintains a fully invested, diversified portfolio of approximately 174-181 holdings, with top allocations to sectors including information technology (25.2%), financials (16.5-17.83%), industrials (9.86-12.5%), and health care (11.2-13.42%), featuring leading positions in Broadcom Inc., Microsoft Corp., Philip Morris International Inc., and others comprising over 30% of assets; the fund offers quarterly income dividends and semiannual capital gains distributions, with a net expense ratio of 0.26-0.27%, portfolio turnover of 29%, and a minimum initial investment of $1,000,000. Launched on January 27, 2017 as the Class F-3 share of the Washington Mutual Investors Fund (originally established July 31, 1952), FWMIX operates within the large-blend or large-value category, tracking closely to the S&P 500 TR USD benchmark with below-average volatility (beta 0.83-0.86), and is managed by a veteran team at Capital Research and Management Company, a division of Capital Group Companies, Inc., headquartered in Los Angeles, California. The fund targets individual and institutional investors seeking growth-and-income exposure primarily to U.S. equities (90.85-94.4% of assets), with limited non-U.S. equities (5.4-6.48%), cash equivalents (2.38-3.5%), and no bonds, focusing on North America (including Canada at 1.3-1.74%) and select Europe/Middle East exposure (2.11-4.2%). In recent developments, the fund announced a significant management transition effective January 1, 2026, with longtime lead principal investment officer Alan Berro (managing since July 1997) relinquishing his role amid Capital Group's periodic firmwide self-assessment, while the broader strategy retains its multiple-manager system including Diana Wagner, Jin Lee, Eric Stern, Irfan Furniturewala, Mark Casey, Emme Kozloff, and Aline Avzaradel; portfolio allocations have adapted to market shifts, incorporating select AI-related holdings like NVIDIA amid conservative quality focus, contributing to strong first-half 2025 performance in the top decile of peers; the prospectus was updated as of July 1, 2025, reflecting ongoing expense management and quarterly distributions totaling $3.4685 year-to-date through September 2025.