Fund Evaluator:
American Funds AMCAP F-1 (AMPFX)
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Best Performing in Large Growth Over the Last Year
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Fund Details
American Funds AMCAP F-1 Overview
American Funds AMCAP F-1 (AMPFX) is an actively managed U.S. Equity Large Growth fund. Capital Group launched the fund in 2001.
The investment seeks long-term growth of capital. The fund invests primarily in common stocks of U.S. companies that have solid long-term growth records and the potential for good future growth. The basic investment philosophy of the investment adviser is to seek to invest in attractively valued companies that, in its opinion, represent good, long-term investment opportunities.
About American Funds AMCAP F-1 (AMPFX)
There are 5 members of the management team with an average tenure of 6.20 years: Martin Jacobs (2018), Michael Beckwith (2024), Jessica Spaly (2017), Brad Barrett (2026), Aidan O'Connell (2015). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: S&P 500 (TR) index with a weighting of 100%. American Funds AMCAP F-1 has 114 securities in its portfolio. The top 10 holdings constitute 45.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
American Funds AMCAP F-1 is part of the Equity global asset class and is within the U.S. Equity fund group. American Funds AMCAP F-1 has 7.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 90.0%. There is 7.1% allocated to foreign stock, and 0.7% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). American Funds AMCAP F-1 has 2.0% of the portfolio in cash.
Assets Under Management
The fund has $854 million in total assets, which is below the $2 billion average for the Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
AMPFX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The American Funds AMCAP F-1 expense ratio is above average compared to funds in the Large Growth category. American Funds AMCAP F-1 has an expense ratio of 0.71%, which is 26% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. American Funds AMCAP F-1 has a portfolio turnover rate of 36%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 54% for the Large Growth category.
Recently, in the month of July 2026, American Funds AMCAP F-1 returned -0.8%, which earned it a grade of A, as the Large Growth category had an average return of -3.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
American Funds AMCAP F-1 has a trailing yield of 0.00%, which is below the 0.06% category average. The fund normally distributes its income semi-annually and its capital gains semi-annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
American Funds AMCAP F-1 Grades
Year to date, the fund has returned 4.8%, 1.0 percentage points better than the category, which translates into a grade of B. The fund has returned 11.4% over the past year (grade of B), 16.6% over the past three years (grade of D) and 8.3% per year over the past five years (grade of D) and 12.5% per year over the past 10 years (grade of F).
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AMPFX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| AMPFX Return (NAV) | -0.8% | 2.3% | 11.4% | 16.6% | 8.3% | 12.5% |
| AMPFX Grade | A | C | B | D | D | F |
| +/- Category | 2.3% | 0.5% | 2.4% | -1.5% | -0.4% | -2.9% |
| Large Growth Avg | -3.1% | 1.7% | 9.1% | 18.1% | 8.7% | 15.4% |
| AMPFX Tax Cost Ratio | na | na | 2.8% | 2.1% | 1.8% | 1.6% |
AMPFX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| AMPFX Return (NAV) | 4.8% | 17.7% | 21.1% | 30.9% | -28.8% | 23.6% | 21.3% | 26.3% | -2.0% | 22.0% | 9.0% |
| AMPFX Grade | B | B | F | F | B | B | F | F | D | F | A |
| +/- Category | 1.0% | 2.0% | -8.6% | -7.9% | 3.3% | 3.2% | -21.0% | -6.9% | -1.3% | -7.9% | 6.3% |
| Large Growth Avg | 3.7% | 15.7% | 29.7% | 38.9% | -32.1% | 20.4% | 42.3% | 33.2% | -0.7% | 29.8% | 2.7% |
| Risk Measures | |
| Standard Deviation: | 15.3% |
| Total Risk Index: | 1.25 - Above Average |
| Category Risk Index: | 0.87 - Low |
| Category Risk Grade: | A (17% Rank) |
| Beta: | 1.14 |
| R-Squared: | 95% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Semi-Annually |
| Cap Gains Distribution: | Semi-Annually |
| Total Assets: | $94926 Mil |
| Fund Total Assets: | $ 854 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 36% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 11.1 years | |||
| Average Tenure: 6.2 years | |||
| Managers (Year): O'Connell Aidan (2015), Spaly Jessica (2017), Jacobs Martin (2018), Beckwith Michael (2024), Barrett Brad (2026) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 114 |
| % in Top 10 Holdings: | 45.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 7.1% |
Portfolio Allocation |
|
| Domestic Stock: | 90.0% |
| Foreign Stock: | 7.1% |
| Preferred Stock: | 0.7% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.2% |
| Cash: | 2.0% |
Purchase Information
| Fund Family: | Capital Group |
| Phone Number: | 800-421-4225 |
| Website: | www.americanfunds.com |
| Status: | Open |
| Inception Date: | March 16, 2001 |
| Min. Initial Purchase: | $ 250 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 0.71% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.96% |
| Share Class: | American Funds AMCAP A |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 0 |
