The Growth Fund of America - A | American Funds (2024)

Summary

Internal Prompt

A flexible approach to growth investing. Seeks opportunities in traditional growth stocks as well as cyclical companies and turnaround situations with significant potential for growth of capital.

Price at NAV $69.47 as of 3/18/2024 (updated daily)

Fund Assets (millions) $269,080.6

Portfolio Managers 13

Expense Ratio
(Gross/Net %) 0.63 / 0.63%

Prospectus (PDF)

Internal Prompt

Returns at NAV
Returns with Sales Charge

Returns at NAV

Returns with Sales Charge

Read important investment disclosures

31.13%

1-year return

13.04%

5-year return

11.82%

10-year return

0.28%

30-Day SEC Yield

Returns as of 2/29/24 (updated monthly). Yield as of 2/29/24 (updated monthly).

Asset Mix

	U.S. Equities87.6%		Non-U.S. Equities8.7%
	U.S. Bonds0.0%		Non-U.S. Bonds0.0%
	Cash & Equivalents 3.7%

	U.S. Equities87.6%
	Non-U.S. Equities8.7%
	U.S. Bonds0.0%
	Non-U.S. Bonds0.0%
	Cash & Equivalents 3.7%

As of 2/29/2024(updated monthly)

Growth of 10K
High & Low Prices

Growth of 10K

Read important investment disclosures

For Class A Shares, this chart tracks a hypothetical investment with dividends reinvested, over the last 20 years, or since inception date if the fund has been in existence under 20 years, through 12/31/2022.

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AGTHX

S&P 500 Index

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High & Low Prices

Market Capitalization

77.3%

Large

20.2%

Medium

2.5%

Small

$162,764.93 Million

Weighted Average

As of12/31/2023 (updated quarterly). Morningstar data as of12/31/2023 (updated quarterly).

Morningstar Ownership Zone^TM

Large Growth

Weighted average of holdings

Description

Fund Objective

The fund's investment objective is to provide you with growth of capital.

Distinguishing Characteristics

This fund takes a flexible approach to growth investing, seeking opportunities in traditional growth stocks as well as cyclical companies and turnarounds with significant potential for growth of capital. Geographic flexibility also allows portfolio managers to pursue opportunities outside of the U.S. This differentiated approach has the potential to enable the fund to navigate a variety of market environments.

Types of Investments

Invests at least 65% of its assets in common stocks. May also invest in convertibles, preferred stocks, U.S. government securities, bonds and cash equivalents.

Holdings Outside the U.S.

The fund may invest up to 25% of its assets in securities of issuers domiciled outside the United States.

Fund Facts

Fund Inception	12/01/1973
Fund Assets (millions) As of 2/29/2024	$269,080.6
Companies/Issuers Holdings are as of 2/29/2024 (updated monthly).	320+
Shareholder Accounts Shareholder accounts are as of 2/29/2024	3,755,240
Regular Dividends Paid	Dec

Minimum Initial Investment	$250
Capital Gains Paid	Dec
Portfolio Turnover (2023)	31%
Fiscal Year-End	Aug
Prospectus Date	11/01/2023
CUSIP	399874 10 6
Fund Number	5

Internal Prompt

Month-End Returns as of 2/29/24
Quarter-End Returns as of 12/31/23

ANNUAL RETURNS CHART

Month-End Returns as of 2/29/24

Returns at NAV

With Sales Charge

Read important investment disclosures

AGTHX

S&P 500 Index

ANNUAL RETURNS CHART

Quarter-End Returns as of 12/31/23

Internal Prompt

Volatility & Return

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Read important investment disclosures

Equities

For Class A Shares, this chart tracks the 10-year standard deviation

and 10-year annualized return of the equity funds

AGTHX

S&P 500 Index

Other AF Funds

Standard Deviation as of 02/29/2024 (updated monthly) . Annualized return as of 02/29/2024 (updated monthly).

VIEW LARGER CHART

Internal Prompt

Yield

	12-month
	Distribution Rates	30-day SEC Yield
Fund at NAV	0.51%	N/A
Fund at MOP	0.48%	0.28%

As of 2/29/2024 (updated monthly)

Valuation

	Price/	Price/	Price/
	Book	Cash Flow	Earnings
Fund	4.79	13.83	22.35
S&P 500 Index	3.80	13.90	19.90

Fund as of 12/31/23. Index as of 12/31/23.

Portfolio Management

Years of Experience with Fund

Years of Experience with Capital Group

Years of Experience with Investment Industry

Julian N. Abdey28214

Christopher D. Buchbinder282810

Mark L. Casey232311

J. Blair Frank302922

Roz Hongsaranagon21214

Carl M. Kawaja363213

Aidan O'Connell25194

Donald D. O'Neal383830

Anne-Marie Peterson291911

Andraz Razen25195

Martin Romo313013

Eric H. Stern34325

Alan J. Wilson383311

Julian N. Abdey	4	21	28
Christopher D. Buchbinder	10	28
Mark L. Casey	11	23
J. Blair Frank	22	29	30
Roz Hongsaranagon	4	21
Carl M. Kawaja	13	32	36
Aidan O'Connell	4	19	25
Donald D. O'Neal	30	38
Anne-Marie Peterson	11	19	29
Andraz Razen	5	19	25
Martin Romo	13	30	31
Eric H. Stern	5	32	34
Alan J. Wilson	11	33	38

A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Morningstar Rating ^TM

Overall Morningstar Rating^TM Funds rated(1115)
3-yr. Morningstar Rating^TM (1115 funds rated)
5-yr. Morningstar Rating^TM (1040 funds rated)
10-yr. Morningstar Rating^TM (811 funds rated)
Overall Morningstar Risk	Average HIGH LOW
Category	Large Growth

ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS

Ratings are based on risk-adjusted returns as of 2/29/2024 (updated monthly).

Risk Measures

Read important investment disclosures

Fund
Standard Deviation	16.61
Sharpe Ratio	0.71
For the 10 Years ending 2/29/24 (updated monthly).
	American Funds/ Morningstar Benchmark
	S&P 500 TR USD
R-squared	91
Beta	1.05
Capture Ratio (Downside/Upside)	106/103
American Funds and Morningstar Benchmark for the 10 Years ending 2/29/24 (updated monthly).
53.3%

As of 12/31/23 (updated quarterly)

Equities Breakdown

Sectors | Top Industries

Equity Fund Holdings

	Information technology 25.9%
	Consumer discretionary 16.1%
	Health care 12.7%
	Industrials 12.5%
	Communication services 12.0%
	Financials 9.3%
	Energy 2.9%
	Materials 2.2%
	Consumer staples 2.0%
	Utilities 0.5%
	Real estate 0.2%

%of net assets as of 2/29/2024(updated monthly)

Top Equities

Microsoft

6.2%

Meta Platforms

5.7%

Broadcom

3.8%

Amazon.com

3.7%

Alphabet

3.3%

NVIDIA

2.5%

Eli Lilly

2.2%

Netflix

2.0%

General Electric

1.7%

Mastercard Inc

1.7%

% of net assets as of 2/29/2024 (updated monthly)

QUARTERLY HOLDINGS

Geographic Breakdown

Regions | Top Countries

United States

87.6%

Europe

4.9%

Asia & Pacific Basin

1.5%

Other (Including Canada & Latin America)

2.4%

Cash & equivalents

3.7%

% of net assets as of 2/29/2024 (updated monthly)

The New Geography of Investing ®

Equity Portion Breakdown by Domicile| Equity Portion Breakdown by Revenue

Regions	Fund	S&P 500 Index
United States	91.0%	100.0%
Canada	2.3%	0.0%
Europe	5.1%	0.0%
Japan	0.1%	0.0%
Asia-Pacific ex. Japan	0.1%	0.0%
Emerging Markets	1.5%	0.0%

% of net assets as of 2/29/2024(updated monthly)

Fund Breakdown by Domicile

Regions	Fund	S&P 500 Index
United States	87.6%	100.0%
Canada	2.2%	0.0%
Europe	5.0%	0.0%
Japan	0.1%	0.0%
Asia-Pacific ex. Japan	0.1%	0.0%
Emerging Markets	1.4%	0.0%
Cash & Equivalents	3.7%	0.0%

% of net assets as of 2/29/2024 (updated monthly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End
Historical Prices Year-End

FIND HISTORICAL PRICES

Historical Prices Month-End

2024

FIND HISTORICAL PRICES

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 01/25/24

Historical Distributions as of 01/25/24

FIND HISTORICAL DISTRIBUTIONS

2023

Record Date	Calculated Date	Pay Date	Income Dividend Regular	Income Dividend Special	Cap. Gains Long-Term	Cap. Gains Short-Term	Reinvest NAV
12/15/23	12/15/23	12/18/23	$0.37	$0.00	$4.301	$0.00	$62.23
		2023 Year-to-Date:	Dividends Subtotal: $0.37		Cap Gains Subtotal: $4.301
			Total Distributions: $4.671

Daily Dividend Accrual
for Pay Date

Rate	As of Date
0.00000000	12/18/2023
0.00000000	12/19/2023
0.00000000	12/20/2023
0.00000000	12/21/2023
0.00000000	12/22/2023
0.00000000	12/26/2023
0.00000000	12/27/2023
0.00000000	12/28/2023
0.00000000	12/29/2023
0.00000000	01/02/2024
0.00000000	01/03/2024
0.00000000	01/04/2024
0.00000000	01/05/2024
0.00000000	01/08/2024
0.00000000	01/09/2024
0.00000000	01/10/2024
0.00000000	01/11/2024
0.00000000	01/12/2024
0.00000000	01/16/2024
0.00000000	01/17/2024
0.00000000	01/18/2024
0.00000000	01/19/2024
0.00000000	01/22/2024
0.00000000	01/23/2024
0.00000000	01/24/2024
0.00000000	01/25/2024
0.00000000	01/26/2024
0.00000000	01/29/2024
0.00000000	01/30/2024
0.00000000	01/31/2024
0.00000000	02/01/2024
0.00000000	02/02/2024
0.00000000	02/05/2024
0.00000000	02/06/2024
0.00000000	02/07/2024
0.00000000	02/08/2024
0.00000000	02/09/2024
0.00000000	02/12/2024
0.00000000	02/13/2024
0.00000000	02/14/2024
0.00000000	02/15/2024
0.00000000	02/16/2024
0.00000000	02/20/2024
0.00000000	02/21/2024
0.00000000	02/22/2024
0.00000000	02/23/2024
0.00000000	02/26/2024
0.00000000	02/27/2024
0.00000000	02/28/2024
0.00000000	02/29/2024
0.00000000	03/01/2024
0.00000000	03/04/2024
0.00000000	03/05/2024
0.00000000	03/06/2024
0.00000000	03/07/2024
0.00000000	03/08/2024
0.00000000	03/11/2024
0.00000000	03/12/2024
0.00000000	03/13/2024
0.00000000	03/14/2024
0.00000000	03/15/2024
0.00000000	03/18/2024

FIND HISTORICAL DISTRIBUTIONS

Current Daily
Dividend Accrual

Rate		As of-Date
0.00000000		12/18/2023
0.00000000		12/19/2023
0.00000000		12/20/2023
0.00000000		12/21/2023
0.00000000		12/22/2023
0.00000000		12/26/2023
0.00000000		12/27/2023
0.00000000		12/28/2023
0.00000000		12/29/2023
0.00000000		01/02/2024
0.00000000		01/03/2024
0.00000000		01/04/2024
0.00000000		01/05/2024
0.00000000		01/08/2024
0.00000000		01/09/2024
0.00000000		01/10/2024
0.00000000		01/11/2024
0.00000000		01/12/2024
0.00000000		01/16/2024
0.00000000		01/17/2024
0.00000000		01/18/2024
0.00000000		01/19/2024
0.00000000		01/22/2024
0.00000000		01/23/2024
0.00000000		01/24/2024
0.00000000		01/25/2024
0.00000000		01/26/2024
0.00000000		01/29/2024
0.00000000		01/30/2024
0.00000000		01/31/2024
0.00000000		02/01/2024
0.00000000		02/02/2024
0.00000000		02/05/2024
0.00000000		02/06/2024
0.00000000		02/07/2024
0.00000000		02/08/2024
0.00000000		02/09/2024
0.00000000		02/12/2024
0.00000000		02/13/2024
0.00000000		02/14/2024
0.00000000		02/15/2024
0.00000000		02/16/2024
0.00000000		02/20/2024
0.00000000		02/21/2024
0.00000000		02/22/2024
0.00000000		02/23/2024
0.00000000		02/26/2024
0.00000000		02/27/2024
0.00000000		02/28/2024
0.00000000		02/29/2024
0.00000000		03/01/2024
0.00000000		03/04/2024
0.00000000		03/05/2024
0.00000000		03/06/2024
0.00000000		03/07/2024
0.00000000		03/08/2024
0.00000000		03/11/2024
0.00000000		03/12/2024
0.00000000		03/13/2024
0.00000000		03/14/2024
0.00000000		03/15/2024
0.00000000		03/18/2024

Internal Prompt

Fees


Annual Management Fees	0.26%
Other Expenses	0.13%
Service 12b-1	0.24%

As of each fund's most recent prospectus.

Internal Prompt

Expense Ratio

AGTHX	0.63%
Lipper Large-Cap GrowthFunds Average	1.05%

Fund as of most recent prospectus. Lipper Category as of 12/31/23 (updated quarterly).

Resources

Prospectuses & Reports for AGTHX

Quarterly Fund Fact Sheet (PDF) 01/24
Single Sheet (PDF) 12/23
Summary Prospectus (PDF) 11/23
Prospectus (PDF) 11/23
Statement of additional information (PDF) 11/23
Semi-Annual Report (PDF) 04/23
Annual Report (PDF) 10/23

About Our Funds

Share Class Pricing Details
Stats Update (PDF)
Resource Guide (PDF)
4Q-2023 Quarterly Statistical Update (PDF)

The Growth Fund of America - A | American Funds (2024)

FAQs

Is American Funds Growth Fund of America good? ›

Overall, even with its comparatively weak performance, average downside risk, and lower fees, American Funds Growth Fund of America A ( AGTHX ) has a high Zacks Mutual Fund rank, and therefore looks a great potential choice for investors right now.

Read On ›

What is the average return of the American Growth fund? ›

The fund has returned 13.69 percent over the past year, 4.60 percent over the past three years, 9.77 percent over the past five years, and 10.60 percent over the past decade.

Discover More Details ›

Is AGTHX a buy or sell? ›

The Barchart Technical Opinion rating is a 56% Buy with a Weakening short term outlook on maintaining the current direction. Long term indicators fully support a continuation of the trend.

What is the dividend of American funds the Growth Fund of America? ›

AGTHX pays a dividend of $4.67 per share.

See Details ›

Is American funds reliable? ›

American Funds should appeal to investors who want to purchase high-quality mutual funds from brokers, and may be a good fit for investors who are looking for: Advice from brokers. Above-average long-term returns. Actively managed funds that charge loads (or fees) in exchange for advice.

Find Out More ›

What's the best American fund? ›

North America

Artemis US Extended Alpha. Asset type. ...
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FTF Martin Currie US Unconstrained. Asset type. ...
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Tell Me More ›

Are growth funds good investments? ›

The high-risk, high-reward mantra of growth funds can make them ideal for those not retiring anytime soon. Typically, investors need a tolerance for risk and a holding period with a time horizon of five to ten years. Growth fund holdings often have high price-to-earnings (P/E) and price-to-sales (P/S) multiples.

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What is the most aggressive American fund? ›

AFIFX is often the most aggressive of the American funds, yet it's still slightly less volatile than the S&P 500. The fund has topped the index by an average of 76 basis points (a basis point is one one-hundredth of a percent) per year over the past 15 years.

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Is 6% return a good investment? ›

General ROI: A positive ROI is generally considered good, with a normal ROI of 5-7% often seen as a reasonable expectation. However, a strong general ROI is something greater than 10%. Return on Stocks: On average, a ROI of 7% after inflation is often considered good, based on the historical returns of the market.

How can I tell if a stock is worth buying? ›

Evaluating Stocks

How does the company make money?
Are its products or services in demand, and why?
How has the company performed in the past?
Are talented, experienced managers in charge?
Is the company positioned for growth and profitability?
How much debt does the company have?

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What is the Growth Fund of America invested in? ›

The investment seeks growth of capital. The fund invests primarily in common stocks and seeks to invest in companies that appear to offer superior opportunities for growth of capital. It may invest up to 25% of its assets in securities of issuers domiciled outside the United States.

Read The Full Story ›

What type of fund is the Growth Fund of America? ›

The Fund invests primarily in common stocks in companies that appear to offer superior opportunities for growth of capital. The Fund seeks to invest in attractively valued companies that, it the Adviser's opinion, represent good, long-term investment opportunities.

See Details ›

Who runs Growth fund of America? ›

The fund is managed by Capital Research and Management Company, one of the nation's oldest, largest investment management firms. Since 1931, Capital Research has invested with a long-term focus based on thorough research and attention to risk.

Get More Info Here ›

How big is the Growth Fund of America? ›

Fund Facts

Fund Inception	12/01/1973
Fund Assets (millions) As of 2/29/2024	$269,080.6
Companies/Issuers Holdings are as of 3/31/2024 (updated monthly).	311+
Shareholder Accounts Shareholder accounts are as of 3/31/2024	3,758,338
Regular Dividends Paid ⁷	Dec

Which company pays the highest dividend in USA? ›

US companies with the highest dividend yields

Symbol	Div yield % (indicated)	Price
IEP D	28.49%	17.64 USD
UAN D	21.64%	80.60 USD
MED D	18.59%	27.53 USD
MNR D	18.12%	20.65 USD

29 more rows

Is American funds a good mutual fund? ›

The fund is currently managed by a team of investment professionals. Investors naturally seek funds with strong performance. This fund in particular has delivered a 5-year annualized total return of 10.71%, and it sits in the middle third among its category peers.

View Details ›

Who runs Growth Fund of America? ›

The Growth Fund of America - A | American Funds (2024)

Summary

Returns at NAV

Returns with Sales Charge

Returns at NAV

Returns with Sales Charge

Asset Mix

Growth of 10K

High & Low Prices

Growth of 10K

High & Low Prices

Market Capitalization

Morningstar Ownership ZoneTM

Description

Fund Facts

Month-End Returns as of 2/29/24

Quarter-End Returns as of 12/31/23

Month-End Returns as of 2/29/24

Quarter-End Returns as of 12/31/23

Volatility & Return

Yield

Valuation

Portfolio Management

Ratings & Risk

Morningstar Rating TM

Risk Measures

Equities Breakdown

Top Equities

Geographic Breakdown

The New Geography of Investing ®

Fund Breakdown by Domicile

Prices & Distributions

Historical Prices Month-End

Historical Prices Year-End

Historical Prices Month-End

Historical Prices Year-End

Historical Distributions as of 01/25/24

Historical Distributions as of 01/25/24

Fees

Expense Ratio

Resources

Prospectuses & Reports for AGTHX

About Our Funds

FAQs

Is American Funds Growth Fund of America good? ›

What is the Growth Fund of America invested in? ›

Morningstar Ownership Zone^TM

Morningstar Rating ^TM