American Funds The Growth Fund of America
GFACX
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
- Mar 15, 2001
- CIK
- 0000044201
- Website
- americanfunds.com
- Similar Companies
- Business
- American Funds The Growth Fund of America (GFACX) is a large-growth mutual fund managed by Capital Research and Management Company, a division of Capital Group Companies, that seeks growth of capital through primarily investing in common stocks of companies offering superior long-term growth opportunities; it employs a multiple-manager approach with a team of 14 portfolio managers allocating capital across independently managed sleeves focused on equities in sectors including information technology (32.7%), consumer discretionary (13.7%), communication services (13.6%), health care (12.4%), industrials (9.5%), and financials (9.2%), with approximately 88.8% in U.S. equities, 8.6% in non-U.S. equities, and the remainder in cash equivalents as of November 30, 2025. The fund offers Class C shares with a minimum initial investment of $250, an expense ratio of 1.35% (including 0.25% management fees, 0.10% other expenses, and 1.00% 12b-1 service fees), annual portfolio turnover of 32%, and distributes capital gains and dividends in December, with fiscal year-end in August. It targets individual investors, financial intermediaries, retirement plans, and institutions, with over 230,000 shareholder accounts and $340 billion in assets under management as of November 30, 2025. Launched on December 1, 1973, as part of the American Funds family, the fund operates from Capital Group's headquarters at 333 South Hope Street, Los Angeles, California, with additional offices including 6455 Irvine Center Drive, Irvine, California; Capital Group, founded in 1931, manages the fund worldwide, with regional allocations primarily in the United States (91.1%), Canada (2.6%), Europe & Middle East (2.9%), Japan (0.6%), Asia-Pacific ex-Japan (0.1%), and emerging markets ex-China (2.6%). Recent developments include a management transition effective September 1, 2024, in which Anne-Marie Peterson assumed the lead principal investment officer role, overseeing capital allocation across the fund's portfolio managers, succeeding the prior lead in a seamless shift given her prior experience as a principal investment officer; the fund maintained its strong Morningstar ratings across 3-, 5-, and 10-year periods among large-growth peers, with below-average risk and an active share of 48.8% versus the S&P 500 Index. In December 2025, the fund declared long-term capital gains distributions of $8.364 per share, payable December 18, reflecting robust performance amid a portfolio emphasizing growth stocks. Capital Group, the parent entity, launched new U.S. growth and value equity ETFs in June 2025 to complement its active strategies like GFACX, expanding model portfolio options without direct impact on this fund.