American Funds Washington Mutual F1 Fund (WSHFX) a Zacks Rank #2 (Buy) was incepted in July 1952 and is managed by Capital Research and Management Company. The objective of WSHFX is to provide current income and opportunity for growth of principal consistent with sound common-stock investing. WSHFX invests at least 95% of assets in equity securities. WSHFX invests in stocks that meet strict standards that evolved from requirements originally established by the U.S. district court for the District of Columbia for the investment of trust funds. WSHFX does not invest in companies that derive their primary revenues from alcohol or tobacco.
This Large Value product, as of the last filing, allocates their fund in three major groups; Large Value, Large Growth and Intermediate Bond. Further, as of the last filing, Microsoft Corporation (NASDAQ:MSFT), Home Depot (NYSE:HD), Inc. and Verizon Communications Inc (NYSE:VZ). were the top holdings for WSHFX.
The American Funds Washington Mutual F1 fund, managed by American Funds, carries an expense ratio of 0.66%. Moreover, WSHFX requires a minimal initial investment of $250.
WSHFX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 9.39% and 5 year 10.85%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
WSHFX’s performance, as of the last filing, when compared to funds in its category was in the top 14% in 1 year, top 30% over the past 3 years, and in the 17% over the past 5 years.
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