Fund Evaluator:
American Funds Invmt Co of Amer 529-F-3 (FAOOX)
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Best Performing in Large Blend Over the Last Year
| 49.8% | PRIMECAP Odyssey Growth (POGRX) |
| 48.6% | Vanguard PRIMECAP Core Inv (VPCCX) |
| 45.8% | Vanguard PRIMECAP Adm (VPMAX) |
| 45.7% | Vanguard PRIMECAP Inv (VPMCX) |
| 42.3% | Midas Special Opportunities (MISEX) |
Fund Details
American Funds Invmt Co of Amer 529-F-3 Overview
American Funds Invmt Co of Amer 529-F-3 (FAOOX) is an actively managed U.S. Equity Large Blend fund. Capital Group launched the fund in 2020.
The investment seeks long-term growth of capital and income. The fund invests primarily in common stocks, most of which have a history of paying dividends. It may invest up to 15% of its assets, at the time of purchase, outside the United States. Although the fund focuses on investments in medium to larger capitalization companies, the fund's investments are not limited to a particular capitalization size.
About American Funds Invmt Co of Amer 529-F-3 (FAOOX)
There are 7 members of the management team with an average tenure of 12.54 years: James Lovelace (1992), Grant Cambridge (2014), Christopher Buchbinder (2007), Martin Romo (2018), Martin Jacobs (2019), Jessica Spaly (2021), Greg Miliotes (2025). 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 Invmt Co of Amer 529-F-3 has 153 securities in its portfolio. The top 10 holdings constitute 40.0% 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 Invmt Co of Amer 529-F-3 is part of the Equity global asset class and is within the U.S. Equity fund group. American Funds Invmt Co of Amer 529-F-3 has 8.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 88.5%. There is 8.9% allocated to foreign stock, and 0.4% 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 Invmt Co of Amer 529-F-3 has 2.2% of the portfolio in cash.
Assets Under Management
The fund has $26 million in total assets, which is below the $6 billion average for the Large Blend 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.
FAOOX 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 Invmt Co of Amer 529-F-3 expense ratio is below average compared to funds in the Large Blend category. American Funds Invmt Co of Amer 529-F-3 has an expense ratio of 0.32%, which is 61% lower than its category average, making the fund expense ratio grade a A. 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 Invmt Co of Amer 529-F-3 has a portfolio turnover rate of 34%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.
Recently, in the month of July 2026, American Funds Invmt Co of Amer 529-F-3 returned 0.0%, which earned it a grade of C, as the Large Blend category had an average return of 0.4%. 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 Invmt Co of Amer 529-F-3 has a trailing yield of 1.05%, which is above the 0.56% category average. The fund normally distributes its income quarterly.
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 Invmt Co of Amer 529-F-3 Grades
Year to date, the fund has returned 9.9%, 0.6 percentage points better than the category, which translates into a grade of C. The fund has returned 17.3% over the past year (grade of C), 21.2% over the past three years (grade of A) and 14.4% per year over the past five years (grade of A) and 14.2% per year over the past 10 years (grade of C).
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FAOOX 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 |
|
| FAOOX Return (NAV) | 0.0% | 4.2% | 17.3% | 21.2% | 14.4% | 14.2% |
| FAOOX Grade | C | C | C | A | A | C |
| +/- Category | -0.4% | 0.1% | -0.2% | 3.9% | 3.3% | 0.5% |
| Large Blend Avg | 0.4% | 4.1% | 17.5% | 17.3% | 11.1% | 13.7% |
| FAOOX Tax Cost Ratio | na | na | 2.5% | 2.1% | 2.0% | na |
FAOOX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FAOOX Return (NAV) | 9.9% | 20.8% | 25.3% | 28.8% | -15.3% | 25.3% | 14.5% | 24.5% | -6.5% | 19.7% | 14.6% |
| FAOOX Grade | C | A | B | A | B | D | D | F | D | D | A |
| +/- Category | 0.6% | 5.0% | 3.2% | 5.1% | 2.0% | -1.2% | -3.0% | -5.3% | -0.6% | -1.6% | 4.4% |
| Large Blend Avg | 9.3% | 15.8% | 22.1% | 23.7% | -17.3% | 26.5% | 17.5% | 29.8% | -5.9% | 21.3% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 13.1% |
| Total Risk Index: | 1.07 - Above Average |
| Category Risk Index: | 0.99 - Average |
| Category Risk Grade: | C (50% Rank) |
| Beta: | 0.98 |
| R-Squared: | 96% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 1.1% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | |
| Total Assets: | $184177 Mil |
| Fund Total Assets: | $ 0 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 34% |
Management Team
| Number of Managers: 7 | |||
| Longest Tenure: 34.4 years | |||
| Average Tenure: 12.5 years | |||
| Managers (Year): Lovelace James (1992), Buchbinder Christopher (2007), Cambridge Grant (2014), Romo Martin (2018), Jacobs Martin (2019), Spaly Jessica (2021), Miliotes Greg (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 153 |
| % in Top 10 Holdings: | 40.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 8.9% |
Portfolio Allocation |
|
| Domestic Stock: | 88.5% |
| Foreign Stock: | 8.9% |
| Preferred Stock: | 0.4% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.2% |
Purchase Information
| Fund Family: | Capital Group |
| Phone Number: | 800-421-4225 |
| Website: | www.americanfunds.com |
| Status: | Open |
| Inception Date: | October 30, 2020 |
| Min. Initial Purchase: | $ 250 |
| Min. Initial IRA Purchase: | $ 25 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.32% ( Rating : Below Avg ) |
| Category Average Expense Ratio (%): | 0.81% |
| Share Class: | American Funds Invmt Co of Amer A |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 25 |
