American Funds Washington Mutual 529E (CWMEX)

American Funds Washington Mutual Investors Fund 529E is an actively managed mutual fund that focuses on large-cap, primarily U.S. equities. Its primary objective is to produce income while providing an opportunity for growth of principal, maintaining a disciplined approach consistent with sound common stock investing principles. The fund emphasizes investments in established companies with strong records of earnings and dividends, and its portfolio is diversified across key sectors such as information technology, financials, health care, and consumer staples. With more than 180 holdings and a relatively low turnover rate, the fund aims to balance stability and growth potential for long-term investors. As a 529E share class, it is tailored for use within education savings plans, allowing investors to benefit from potential tax advantages when saving for future educational expenses. The fund pays dividends quarterly and capital gains semi-annually. Recognized for its low risk profile and competitive expense ratio, the American Funds Washington Mutual Investors Fund 529E has a longstanding reputation for weathering market downturns while providing consistent performance within the large blend category.