American Funds The Growth Fund of America Class F-3
GAFFX
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USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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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
- Jan 27, 2017
- CIK
- 0000044201
- Website
- capitalgroup.com
- Similar Companies
- Business
- American Funds The Growth Fund of America Class F-3 (GAFFX) is an open-end mutual fund managed by Capital Group that seeks long-term growth of capital by investing primarily in common stocks of companies demonstrating superior growth potential, including traditional growth stocks, cyclical companies, and turnarounds. The fund allocates predominantly to U.S. equities (approximately 88%), with smaller exposures to non-U.S. equities (9%), cash equivalents, and minimal bonds; sector weights emphasize information technology (33.5%), consumer discretionary (14.2%), communication services (13.4%), health care (11.2%), industrials (9.9%), and financials (9.5%), across more than 300 holdings as of October 31, 2025. It offers a flexible growth-oriented strategy within the large-cap growth category, benchmarked against the S&P 500 Index, with an expense ratio of 0.29%, annual management fee of 0.25%, and other expenses of 0.04%; regular dividends and capital gains are paid in December. Part of the American Funds family, the Class F-3 share class (CUSIP 399874775, Fund Number 705) launched on January 27, 2017, features no sales charge, a minimum initial investment of $250, and targets individual investors, financial advisors, and institutions seeking cost-effective access to the underlying Growth Fund of America strategy, which dates to its inception on December 1, 1973. Headquartered at Capital Group's base in Los Angeles, California (333 S. Hope Street), the fund operates globally with primary focus on U.S. markets (88-90% allocation), supplemented by positions in Canada, Europe & Middle East, Japan, Asia-Pacific ex-Japan, and emerging markets ex-China. Portfolio management employs a multiple-manager model overseen by a team including Julian Abdey, Chris Buchbinder, Mark Casey, Blair Frank, Roz Hongsaranagon, Carl Kawaja, Aidan O'Connell, Anne-Marie Peterson, Andraz Razen, Martin Romo, Eric Stern, and Alan Wilson, with an active share of 48.8% and 2025 portfolio turnover of 32%. Recent developments include a substantial 2024 year-end distribution of $6.381 in long-term capital gains and $0.5449 in regular income dividends per share (paid December 19, 2024, at $74.88 NAV), reflecting robust portfolio performance amid market growth. As of October 31, 2025, fund assets stand at $344.17 billion with 535,712 shareholder accounts, underscoring sustained investor interest; the prospectus was updated November 1, 2025. No major acquisitions, partnerships, or strategic shifts specific to GAFFX were reported in 2024-2025, though ongoing team oversight and sector reallocations maintain its adaptive growth focus.