American Funds AMCAP 529E (CAFEX)

American Funds AMCAP Fund Class 529-E is a large growth mutual fund designed to deliver long-term capital appreciation. Managed by Capital Group, the fund primarily invests in well-established U.S. companies that have demonstrated above-average long-term growth, with over 91% of assets allocated to domestic equities and a further 5% in non-U.S. equities as of May 2025. The portfolio is diversified across major sectors, with significant allocations in information technology, consumer discretionary, industrials, health care, and communication services. Top holdings include leading names such as Microsoft, Amazon, Broadcom, and NVIDIA. The fund typically holds more than 170 companies and maintains a moderate portfolio turnover rate, reflecting a disciplined approach to active management. As a Class 529-E share, it is structured to serve investors saving for education through 529 college savings plans. With a history dating back to 1967, AMCAP Fund Class 529-E has become one of the largest and most recognized vehicles in the growth category, supported by a substantial asset base and regular semi-annual distributions. Its consistent emphasis on quality growth companies positions it as a notable participant in the U.S. large-cap growth mutual fund sector.