- Sector
- Financial Services
- Industry
- Asset Management
- Address
- San Francisco, CA 94105-1409 San Francisco CA United States of America 94105-1409
- IPO Date
- May 1, 2009
- Business
- American Funds The Growth Fund of America Class R-6 (RGAGX) is an open-end mutual fund managed by Capital Research and Management Company that seeks growth of capital through primary investment in common stocks of companies offering superior growth opportunities, with a focus on large- and mid-capitalization issuers; the portfolio emphasizes U.S. equities (approximately 89%) supplemented by non-U.S. equities (around 9%), cash equivalents, and sector allocations led by information technology (33%), consumer discretionary (14%), communication services (14%), and health care (12%); it features a multiple manager system with 12 portfolio counselors, including Julian Abdey, Chris Buchbinder, and Martin Romo, contributing to an active share of 48.8% and portfolio turnover of 32%. The fund offers Class R-6 shares characterized by no minimum initial investment, an expense ratio of 0.29% (including 0.25% management fee and 0.04% other expenses), annual distributions of regular dividends and capital gains in December, and a 30-day SEC yield of 0.40% as of late 2025. In the large-growth category, RGAGX maintains assets under management exceeding $340 billion as of November 30, 2025, holds over 294 companies/issuers, and serves more than 21,000 shareholder accounts primarily in the United States, with minor regional exposure to Canada, Europe & Middle East, Japan, Asia-Pacific ex-Japan, and emerging markets ex-China. Launched on December 1, 1973, as part of the American Funds family, the fund operates from Capital Group's headquarters at 333 S. Hope Street, Los Angeles, California, with additional administrative offices in Irvine, California. Recent developments include a prospectus update on November 1, 2025, and scheduled 2025 year-to-date distributions announced for December 17-18, 2025, comprising $0.4913 in regular income dividends and $8.364 in long-term capital gains per share (totaling $8.8553), reflecting robust portfolio performance amid a fiscal year-end of August. No major acquisitions, partnerships, funding rounds, or strategic reorganizations specific to RGAGX have been reported in the last 1-2 years, underscoring the fund's stable operational focus within Capital Group's broader financial services platform established in 1931.