The Growth Fund of America Class R-1 Shares
RGAAX
NASDAQ- -
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
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 6455 Irvine Center Drive Irvine CA United States of America 92618
- IPO Date
- Jun 6, 2002
- CIK
- 0000044201
- Website
- americanfunds.com
- Similar Companies
- Business
- The Growth Fund of America Class R-1 Shares (RGAAX) is an open-end mutual fund managed by Capital Group that seeks growth of capital through investment primarily in common stocks, with a focus on large-cap growth companies; it employs a flexible approach incorporating traditional growth stocks, cyclical companies, and turnaround situations. The fund's portfolio allocates approximately 88% to U.S. equities, 9% to non-U.S. equities, and the remainder to cash equivalents and minor bond holdings, with key sector exposures in information technology (33%), consumer discretionary (14%), communication services (14%), health care (12%), and industrials (10%); it holds over 290 companies and maintains a portfolio turnover rate of 32%. RGAAX targets individual and institutional investors seeking long-term capital appreciation, with a net expense ratio of 1.37%, including 0.25% management fees, 0.13% other expenses, and 0.99% 12b-1 service fees, and features no minimum initial investment. Launched on June 6, 2002 as a share class of The Growth Fund of America, which traces its inception to December 1, 1973, RGAAX operates under Capital Group, founded in 1931 and headquartered in Los Angeles, California; the firm manages the fund worldwide, with primary regional allocations to the United States (91%), supplemented by Canada (3%), Europe & Middle East (3%), Japan (1%), Asia-Pacific ex-Japan, and emerging markets ex-China. Multiple portfolio managers, 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, oversee investments using a team-based approach. Recent developments include a prospectus update on November 1, 2025, alongside year-to-date 2025 distributions announced December 17, 2025, comprising $0.4913 in regular income dividends and $8.364 in long-term capital gains per share; the fund's total assets under management reached $340 billion as of November 30, 2025, reflecting sustained inflows and performance in the large-growth category, where it holds strong Morningstar ratings across 3-, 5-, and 10-year periods.