American Funds Growth Fund of Amer 529A
CGFAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- San Francisco, CA 94105-1409 San Francisco CA United States of America 94105-1409
- IPO Date
- Feb 15, 2002
- CIK
- 0000044201
- Website
- capitalgroup.com
- Similar Companies
- Business
- American Funds Growth Fund of America 529A (CGFAX) is a large-cap growth mutual fund managed by Capital Group that seeks capital appreciation by investing primarily in common stocks of companies demonstrating strong growth potential, including traditional growth stocks, cyclical companies, and turnarounds; it maintains a diversified equity portfolio with significant allocations to information technology (approximately 33%), consumer discretionary (14%), and communication services (13%), alongside holdings in sectors such as health care, industrials, and financials; the fund also allocates a portion to non-U.S. equities (around 9%), primarily in Canada, Europe, Japan, and emerging markets. Offered through Capital Group's American Funds family as a 529 college savings plan share class, CGFAX features a minimum initial investment of $250, an expense ratio of 0.62% (including 0.25% management fee, 0.15% other expenses, and 0.22% 12b-1 service fee), a front-end load of 3.50%, and annual portfolio turnover of about 32%; it distributes regular dividends and capital gains in December, with 2024 year-to-date payouts totaling $6.6692 per share ($0.2882 dividends and $6.381 long-term capital gains); as of November 30, 2025, the fund manages approximately $340 billion in assets across over 294 issuers and 718,739 shareholder accounts, with top holdings including Meta Platforms, NVIDIA, Microsoft, Broadcom, and Amazon. Launched on February 15, 2002, as a share class of The Growth Fund of America (inception December 1, 1973), CGFAX is domiciled in the United States and headquartered with Capital Group in Los Angeles, California; it targets long-term investors, including 529 plan participants saving for education, and operates globally through U.S.-focused equity investments with limited international exposure; the fund employs a multiple manager system with a team led by Alan J. Wilson (since 2012), alongside managers such as Julian Abdey, Chris Buchbinder, and others averaging over a decade of tenure. In recent developments, the fund maintained strong performance with a 10-year Sharpe ratio of 0.78 and below-average Morningstar risk in the large-growth category, issuing its latest prospectus on November 1, 2025; it reported assets growth to $340 billion as of late 2025 amid favorable market conditions for growth equities; no major acquisitions, partnerships, or strategic shifts specific to CGFAX were announced in the last 1-2 years, reflecting continuity in Capital Group's established investment approach.