American Funds Growth Fund of America A Fund (AGTHX) seeks to provide long-term growth of capital through a diversified portfolio of common stocks. AGTHX primarily invests in common stocks, convertibles, preferred stocks, U.S. government securities, bonds and cash. AGTHX normally invests in companies that offer opportunities for long term growth, and may also consider cyclical companies, depressed industries, and turnaround and value situations. AGTHX's 15% assets are invested in securities of issuers domiciled outside the U.S. and not included in the S&P 500. AGTHX 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 8.4% and 5 year 13.9%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
AGTHX’s performance, as of the last filing, when compared to funds in its category was in the top 15% over the past 1 year, in the top 13% over the past 3 years, and in the 8% over the past 5 years.
The American Funds Growth Fund of America A fund, as of the last filing, allocates their fund in three major groups; Large Growth, Large Value and Emerging Market. Further, as of the last filing, Amazon.com Inc (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL) Inc and Broadcom Corp (NASDAQ:AVGO) were the top holdings for AGTHX.
This Zacks Rank #1 (Strong Buy) was incepted in December 1973 and is managed by American Funds . AGTHX carries an expense ratio of 0.66% and requires a minimal initial investment of $250.
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Zacks Investment Research