American Funds Growth Fund of America F1 (GFAFX) seeks to provide long-term growth of capital through a diversified portfolio of common stocks. The fund, primarily invests in common stocks, convertibles, preferred stocks, U.S. government securities, bonds and cash. The fund normally invests in companies that offer opportunities for long term growth, and may also consider cyclical companies, depressed industries, and turnaround and value situations. The fund's 15% assets are invested in securities of issuers domiciled outside the U.S. and not included in the S&P 500. This fund may also invest up to 10% of assets in debt securities rated below investment grade.
This Large Blend product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 10.7% and 5 year 16.3%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
GFAFX’s performance, as of the last filing, when compared to funds in its category was in the top 11% over the past 1 year, and in the top 13% over the past 3 years and in the top 7% over the past 5 years.
American Funds Growth Fund of America F1, as of the last filing, allocates its fund in top three groups; Large Growth, Large Value and Foreign Stock. Further, as of the last filing, Amazon (NASDAQ:AMZN).Com Inc, Alphabet (NASDAQ:GOOGL) Inc and Broadcom Corp (NASDAQ:AVGO) were the top holdings for GFAFX.
This Zacks Rank #1 (Strong Buy) was incepted in December 1973 and is managed by American Funds . GFAFX carries an expense ratio of 0.71% and requires a minimal initial investment of $250.
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Zacks Investment Research