The Growth Fund of America Class F-1 Shares
GFAFX
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- The Growth Fund of America Class F-1 Shares (GFAFX) is an open-end mutual fund that seeks growth of capital through primary investment in common stocks of companies offering superior growth opportunities, including up to 25% in non-U.S. issuers; it employs a multiple portfolio manager system where the portfolio is divided into segments overseen by individual managers such as 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. The fund targets large-cap growth stocks across sectors like information technology (approximately 33%), consumer discretionary (14%), communication services (13%), health care (11%), industrials (10%), and financials (9%), with primary exposure to U.S. equities (88-91%) and smaller allocations to Canada, Europe & Middle East, Japan, Asia-Pacific ex-Japan, and emerging markets ex-China; it maintains a portfolio turnover of around 32%, a net expense ratio of 0.65-0.67%, and minimum initial investment of $250. Launched on December 1, 1973, and managed by Capital Group Companies, Inc., headquartered at 6455 Irvine Center Drive, Irvine, California, the fund is part of the American Funds family, with total net assets exceeding $340 billion across share classes and over 294 holdings as of late 2025. Recent developments include upcoming portfolio manager changes effective January 1, 2026, with Julian Abdey shifting to Capital World Investors from Capital International Investors and Anne-Marie Peterson moving to Capital International Investors from Capital World Investors, as part of Capital Group's periodic firmwide self-assessment. Capital Group, the fund's investment adviser, has expanded strategically through its May 2024 exclusive partnership with KKR, launching initial public-private interval funds like Capital Group KKR Core Plus+ and Capital Group KKR Multi-Sector+ in April 2025, filing for a public-private equity fund in July 2025, and advancing into retirement solutions and model portfolios by December 2025 to diversify beyond core equities and access private markets. These initiatives support Capital Group's broader goal of growing assets to $4 trillion by 2031 amid shifts toward fixed income, international expansion, and hybrid public-private offerings.